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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIZ at https://www.zacks.com/ap/AIZ

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