Assurant Inc Announces 340% Gain In Q1 Profit

(RTTNews) - Assurant Inc (AIZ) reported a profit for its first quarter that increased from last year.

The company said its bottom line rose to $220.32 million, or $3.34 per share. This was higher than $50.04 million, or $0.71 per share, in last year's first quarter.

The company said revenue for the quarter fell 17.3% to $2.15 billion. This was down from $2.60 billion last year.

Assurant Inc earnings at a glance:

-Earnings (Q1): $220.32 Mln. vs. $50.04 Mln. last year. -Earnings Growth (Y-o-Y): 340.3% -EPS (Q1): $3.34 vs. $0.71 last year. -EPS Growth (Y-o-Y): 370.4% -Revenue (Q1): $2.15 Bln vs. $2.60 Bln last year. -Revenue Change (Y-o-Y): -17.3%