Assurant, Inc. · NYSE:AIZ
Assurant — Investor Presentation (April 2003)
9 slides from Assurant's investor presentation, April 2003
Slide 1: Saks
2AKS
Slide 2: Saks Market Presence
Saks Market Presence 1 6 4 19 9 3 2 30 4 6 1 4 4 3 1 4 20 4 10 2 2 20 2 45 2 2 2 1 6 3 2 1 1 2 2 5 2 3 2 12 2 3 3 1 3 11 2 9 14 1 1 2 14 9 2 2 1 16 5 Saks Fifth Avenue Stores Traditional Department Stores 1 Parisian Stores 1 Company Overview
Slide 3: Financial Overview: Financially Significant Market for Saks
Financial Overview u Financially Significant Market for Saks ä CA Accounts Receivable $ 70 million ä CA Receivable Sales $170 million ä Total Accounts 250 k ä Active Accounts 100 k ä New Accounts 25 k ä Penetration 48% 2 Credit Operations
Slide 4: Saks Existing Legal Compliance in California
Saks Existing Legal Compliance in California u Personal Identifying Information Requirements ä 4 Elements are verified to match the credit bureau data exactly ä Any variance triggers a referral regardless of the magnitude of the variance ä Problems associated with this process l Name data at the cre
Slide 5: Saks Existing Legal Compliance in California: Minimum Payment Disclosure
Saks Existing Legal Compliance in California u Minimum Payment Disclosure “Warning” (Pending) ä Requirement to print verbose confusing disclosure on the front of the statement that attempts to explain the amount of time it will take to pay the debt at the current balance ä Applies to accounts with p
Slide 6: Additional CA Pending Legislation
Additional CA Pending Legislation u CA Minimum Payment Legislation – Stay Expires November 8, 2002 u CA Confidentiality of Social Security Numbers Statute ä Effective July 1 ,2002 ä Restricts the use of SSN over the Internet ä Restricts printing SSN on documents or credit cards ä Restricts requiring
Slide 7: Additional CA Pending Legislation
Additional CA Pending Legislation u Consumer Credit Reporting Agencies Act ä Allows consumes to freeze their credit file ä Consumer Credit Reporting Agencies cannot release credit information without express consent of the consumer ä Creditors can consider an application incomplete if consent is wit
Slide 8: Additional CA Pending Legislation
Additional CA Pending Legislation u Student Financial Responsibility Act ä Requires CA state colleges and universities to limit credit card marketing activities on campus u Automated Dialing-Announcing Devices Statute ä No person operating any automatic equipment that incorporates a storage capabili
Slide 9: Other States May Start Acting Like California
So What’s the Big Deal? Other States May Start Acting Like California 8 Credit Operations