mytyhona.wordpress.com
In a release late Wednesday, Assurant Employee Benefitws reported earningsof $7 down from $16.3 million last Net earned premiums were $263.8 down 5.9 percent from $280.4 million last year. The company said first-quarter results were affected byhighe losses, “particularly in disability as the ailing economy put stresw on small employers.” Spokeswoman Jacquie Hill said Thursdayu that disabled employees are drawing benefits longer for two main Their employers don’t have enough work to bringy them back or their injuriese prevent them from doing their previouz jobs, and they can’t find alternative employment.
The companu also said premium declines weredriven “primarilgy by lapses of larger employef cases.” Hill said the drop was not unexpecteed because the company is shifting its focus to the small-businesds market. Assurant Employee Benefits providesgroup life, dental and disabilit products. In a separate Assurant Employee Benefits’ parent, New York-bases (NYSE: AIZ), reported first-quarter net operating income of $137.i8 million, or $1.17 a share. That was a 35.9 percenty drop from $214.9 million, or $1.890 a share, last year. Assuranyt Inc.’s revenue for the quarter was $2.1 billion, down slightly from $2.2 billionj the year before.
Assurant also said it had net earner premiumsof $1.87 billion in the first quarter, down 3.6 percentf from $1.94 billion last
No comments:
Post a Comment