Assurant Inc Q4 adjusted earnings Beat Estimates

(RTTNews) - Assurant Inc (AIZ) released a profit for fourth quarter that decreased from last year.

The company's bottom line totaled $20.3 million, or $0.32 per share. This compares with $312.9 million, or $5.76 per share, in last year's fourth quarter.

Excluding items, Assurant Inc reported adjusted earnings of $144.5 million or $2.29 per share for the period.

Analysts had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 38.1% to $2.32 billion from $1.68 billion last year.

Assurant Inc earnings at a glance:

-Earnings (Q4): $144.5 Mln. vs. $100.0 Mln. last year. -EPS (Q4): $2.29 vs. $1.84 last year. -Analysts Estimate: $0.46 -Revenue (Q4): $2.32 Bln vs. $1.68 Bln last year.