Insurance company Assurant has reported net operating income of $154.4 million, or $1.29 per diluted share, an increase of 13% for the fourth quarter of 2007, compared to $136.2 million, or $1.08 per diluted share for the fourth quarter of 2006.

The company’s net income was $120.8 million, or $1.01 per diluted share, a decrease of 52% for the fourth quarter of 2007, compared to $252.5 million, or $2.01 per diluted share for the fourth quarter of 2006.

For the full-year period ended December 31, 2007, net operating income was $694.2 million, or $5.72 per diluted share, an increase of 15%, compared to $602.7 million, or $4.68 per diluted share for the full-year period of 2006. Net income was $653.7 million, or $5.38 per diluted share, a decrease of 9% for the full-year period of 2007, compared to $717.4 million, or $5.57 per diluted share for the full-year period of 2006.

Robert Pollock, president and CEO, said: Assurant’s performance for the quarter and year illustrates our steady execution of our diversified specialty insurance strategy despite the beginning of a slowdown in the economy.