Assurant (AIZ) Tops Q1 EPS by 107c

Assurant (NYSE: AIZ) reported Q1 EPS of $3.03, $1.07 better than the analyst estimate of $1.96.

“Our first quarter results came in stronger than expected, due to more favorable loss experience in our specialty P&C products, as well as continued growth across our Global Automotive, Multifamily Housing and Connected Living businesses,” said Assurant President and CEO Alan Colberg. “Our success has been supported by the breadth and depth of our multi-channel distribution strategy across our businesses, together with an unrelenting focus on innovation, both of which have contributed to our significant growth.”

Colberg added, “Following a strong start to the year, we now expect net operating income, excluding catastrophes, per diluted share to increase by 10 to 14 percent from continued profitable growth and share repurchases. Through the actions we’ve taken to focus our portfolio and drive momentum across our Connected World offerings, we continue to feel confident about the long-term growth opportunities across the global markets where we compete.”

For earnings history and earnings-related data on Assurant (AIZ) click here.

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