NEW YORK (AP) — Assurant Inc. (AIZ) on Tuesday reported first-quarter profit of $163 million.
On a per-share basis, the New York-based company said it had net income of $2.64. Earnings, adjusted to account for discontinued operations, were $2.47 per share.
The insurer posted revenue of $2.43 billion in the period.
Assurant shares have increased 16% since the beginning of the year, while the S&P's 500 index has increased 11%. In the final minutes of trading on Tuesday, shares hit $157.61, an increase of 58% in the last 12 months.