Wednesday, Assurant Inc. (AIZ) reported fourth-quarter net income of $11.9 million or $0.10 per share, compared to net income of $182.4 million or $1.55 per share in the same quarter last year.
Net operating income for the quarter was $101.6 million or $0.86 per share, compared to net operating income of $153.7 million or $1.30 per share in the year ago quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $1.01 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter declined to $2.18 billion from $2.22 billion in the comparable quarter last year. Analysts expected the company to report revenue of $2.12 billion for the quarter.
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