April 25, 2013

Assurant Health loss hurts parent-company earnings

Assurant Inc., the parent company of Assurant Health in Milwaukee, said its first-quarter profits decreased primarily because of declines at Assurant Specialty Property and Assurant Health.


The New York City-based company said net income declined to $117.8 million, or $1.46 per share, from $163.3 million, or $1.81 per share in the first quarter of 2012.

Assurant Health posted a net operating loss of $5.3 million in the first quarter, which the company said was driven primarily by a $10.2 millionâ;€¦;

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