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Article: Assurant Reports Q1 2004 Net Operating Income of $87.5 Million ($0.62 Per Proforma Share), an Increase of 14% Over 2003; Net Income of $94.4 Million ($0.66 per Proforma Share), an Increase of 29% Over 2003.
- Article from:
- PR Newswire
- Article date:
- May 12, 2004
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Assurant, Inc. ("Assurant") , a leading provider of specialized insurance and insurance-related products and services, today reported its results for the first quarter ended March 31, 2004.
J. Kerry Clayton, President and Chief Executive Officer, said, "Assurant had a very good quarter. Our specialized insurance model delivered net operating income of $87.5 million, up 14% over a year ago. Our results were driven by strong performance in our three largest businesses. We remain focused on generating profitable growth from our market-leading niche products in 2004."
Net income in the first quarter of 2004 grew 29% to $94.4 million, or $0.66 per pro forma ...