Assurant Inc. reported a 20 percent rise in second-quarter net income as its specialty property insurance business posted particularly strong results.
The New York-based carrier reported $151 million in net income, compared with $127.6 million for the comparable 2005 period. The specialty property business reported a 73 percent rise in operating income for the quarter.
Morgan Stanley analyst William Wilt noted the company beat his bank's earnings estimate by nearly 20 percent.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
