Assurant, Inc. · NYSE:AIZ
Assurant — Q1 2005 Earnings Presentation
17 slides from Assurant's earnings presentation, May 4, 2005
Slide 1: Assurant Inc. (AIZ) Financial Supplement as of March 31, 2005
Exhibit 99.2 Assurant Inc. (AIZ) Financial Supplement as of March 31, 2005
Slide 2: Index to Supplement
ASSURANT, INC. AND SUBSIDIARIES EARNINGS RELEASE SUPPLEMENT AS OF MARCH 31, 2005 INDEX TO SUPPLEMENT Page: REGULATION G — NON GAAP MEASURES 1 SUMMARY FINANCIAL HIGHLIGHTS (unaudited) 2 CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) 4 RECONCILIATION OF NET OPERATING INCOME TO NET INCOME (unaudited
Slide 3: Regulation G — Non GAAP Measures
Regulation G — Non GAAP Measures Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance for the periods presented in the press release. Because Assurant’s calculation of these measures may differ from similar measures used by other companies, investors
Slide 4: Summary Financial Highlights
Assurant, Inc. and Subsidiaries Summary Financial Highlights (Unaudited) For the Three-Months Ended For the Year Ended March 31, December 31, ($ in thousands, except per share amounts) 2005 2004 2004 2003 Net operating income (1) $ 115,118 $ 87,466 $ 344,991 $ 329,159 Net realized gains from investm
Slide 5: Summary Financial Highlights (continued)
Assurant, Inc. and Subsidiaries Summary Financial Highlights (continued) (Unaudited) As of As of March 31, December 31, ($ in thousands, except per share amounts) 2005 2004 2003 Total assets $ 24,388,992 $ 24,655,417 $ 24,056,114 Total stockholders’ equity $ 3,635,577 $ 3,635,431 $ 2,632,103 Capital
Slide 6: Consolidated Condensed Balance Sheets
Assurant, Inc. and Subsidiaries Consolidated Condensed Balance Sheets (Unaudited) As of As of March 31, December 31, ($ in thousands) 2005 2004 2003 Assets Investments and cash and cash equivalents $12,872,552 $12,955,128 $12,302,585 Reinsurance recoverables 4,229,000 4,264,319 4,372,619 Goodwill 82
Slide 7: Reconciliation of Net Operating Income to Net Income
Assurant, Inc. and Subsidiaries Reconciliation of Net Operating Income to Net Income (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands, net of tax) 2005 2004 2004 2004 2004 2004 2003 Assurant So
Slide 8: Consolidated Condensed Statement of Operations
Assurant, Inc. and Subsidiaries Consolidated Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Revenues: Net earned premiums
Slide 9: Assurant Solutions Condensed Statement of Operations
Assurant Solutions Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Revenues: Net earned premiums and other considerations
Slide 10: Assurant Health Condensed Statement of Operations
Assurant Health Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Revenues: Net earned premiums and other considerations $54
Slide 11: Assurant Health (continued) Condensed Statement of Operations
Assurant Health (continued) Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Sales (Annualized issued premiums): Individual
Slide 12: Assurant Employee Benefits Condensed Statement of Operations
Assurant Employee Benefits Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Revenues: Net earned premiums and other conside
Slide 13: Assurant Employee Benefits (continued)
Assurant Employee Benefits (continued) Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Sales: Group dental $ 41,757 $ 28,0
Slide 14: Assurant Preneed Condensed Statement of Operations
Assurant Preneed Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Revenues: Net earned premiums and other considerations $1
Slide 15: Assurant Corporate and Other Condensed Statement of Operations
Assurant Corporate and Other Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2004 2004 2004 2004 2004 2003 Revenues: Net earned premiums and other consi
Slide 16: Investments
Assurant, Inc. and Subsidiaries Investments (Unaudited) As of As of March 31, December 31, ($ in thousands) 2005 2004 Investments by Type Fixed maturities: available-for-sale, at fair value $ 9,167,851 $ 9,122,902 Equity Securities: available-for-sale Preferred stocks 543,627 518,815 Common stocks 1
Slide 17: Investment Results by Asset Category and Annualized Yields
Assurant, Inc. Investment Results by Asset Category and Annualized Yields (Unaudited) For the Three Months Ended March 31, 2005 For the Three Months Ended March 31, 2004 Investment Investment Investment Investment ($ in thousands) Yield Income Gain (Loss) Yield Income Gain (Loss) Fixed maturities: a