Assurant reports net loss of $34.9M in third quarter of 2020

Assurant, which has a large presence in Clark County, reported a net loss of $34.9 million for the third quarter of this fiscal year.

Assurant’s Springfield office provides operational support to customers and clients associated with its Global Housing segment. The New York based company employed approximately 1,600 people in Clark County as of March.

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The company reported a net loss of $59.5 million during the same period in 2019. The quarter tracks a three-month period for Assurant that ended in September.

The company’s net operating income was reported at the end of the quarter this year to be $84.8 million. That is compared to a net operating income of $104.8 million during the same period last fiscal year.

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Assurant incurred $87 million of reportable catastrophes in the third quarter of 2020, compared to $36.3 million of reportable catastrophes in the third quarter of 2019.

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About the Author

Hasan Karim

Hasan Karim, covers all things business in Clark and Champaign counties. Has been a reporter since 2017. His focus is primarily on job creation and covering the largest companies in the area. He also reports on the local healthcare industry as well as local government.