Infinity Property And Casualty Corp. Q3 Earnings More Than Double - Quick Facts

(RTTNews) - Infinity Property and Casualty Corp. (IPCC) Thursday reported third-quarter earnings which increased, helped by about $6 million rise in earned premiums.

The company also raised the bottom end of its adjusted earnings outlook.

Net earnings were $14.9 million or $1.29 per share, up from $7.2 million or $0.62 per share a year ago.

Excluding realized gains on investments, the company reported per-share earnings of $1.23.

On average, four analysts polled by Thomson-Reuters expected earnings to be $0.88. Analysts' estimates typically exclude one-time items.

Revenues increased to $366.2 million, from $359.1 million a year earlier. Analysts expected revenues of $335 million.

Earned premiums rose to $333 million, from $327.1 million a year ago.

Looking ahead, the company lifted the bottom end of its annual operating earnings outlook to $4.00 to $4.35, from the prior guidance range of $4.00 to $4.35.

The company also said it expects 2015 earnings of $4.00 to $4.50.