Assurant, Inc. · NYSE:AIZ
Assurant — Q3 2007 Earnings Presentation
21 slides from Assurant's earnings presentation, Nov 1, 2007
Slide 1: Assurant, Inc. (AIZ) Financial Supplement as of September 30, 2007
Exhibit 99.2 Assurant, Inc. (AIZ) Financial Supplement as of September 30, 2007
Slide 2: Index to Supplement
ASSURANT, INC. AND SUBSIDIARIES FINANCIAL SUPPLEMENT AS OF SEPTEMBER 30, 2007 INDEX TO SUPPLEMENT Page: REGULATION G – NON GAAP FINANCIAL MEASURES 1 SUMMARY FINANCIAL HIGHLIGHTS (unaudited) 2 SEGMENTED CONDENSED BALANCE SHEETS (unaudited) 4 RECONCILIATION OF NET OPERATING INCOME TO NET INCOME (unaud
Slide 3: Regulation G – Non GAAP Financial Measures
Regulation G – Non GAAP Financial Measures Assurant uses the following non-GAAP financial measures to analyze the Company’s operating performance for the periods presented in this financial supplement. Because Assurant’s calculation of these measures may differ from similar measures used by other co
Slide 4: Summary Financial Highlights
Assurant, Inc. and Subsidiaries Summary Financial Highlights (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, September 30, ($ in thousands, except shares and per share amounts) 2007 2006 2007 2006 Net operating income (1) $ 195,690 $ 153,042 $ 539,812 $ 466,520 Net rea
Slide 5: Summary Financial Highlights (continued)
Assurant, Inc. and Subsidiaries Summary Financial Highlights (continued) (Unaudited) As of As of September 30, December 31, ($ in thousands, except shares and per share amounts) 2007 2006 Total assets $ 26,568,380 $ 25,165,148 Total stockholders’ equity $ 3,923,065 $ 3,832,597 Total stockholders’ eq
Slide 6: Segmented Condensed Balance Sheets
Assurant, Inc. and Subsidiaries Segmented Condensed Balance Sheets At September 30, 2007 and December 31, 2006 (Unaudited) At September 30, 2007 Specialty Employee Corporate & Solutions Property Health Benefits Other(1) Consolidated ($ in thousands) Assets Investments and cash and cash equivalents $
Slide 7: Page 4
Page 4
Slide 8: 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 Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands, net of tax) 2007 2007 2007
Slide 9: Consolidated Condensed Statements of Operations
Assurant, Inc. and Subsidiaries Consolidated Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2
Slide 10: Consolidated Statements of Operations Notes
(1) Investment yield excludes investment income from real estate partnerships. * The three months ended December 31, 2006 includes $62,278 related to a legal settlement in Assurant Solutions. See page 7. Page 6
Slide 11: Assurant Solutions Condensed Statements of Operations
Assurant Solutions Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2006 2007 2006 Revenues: Ne
Slide 12: Assurant Solutions (continued) Condensed Statements of Operations
Assurant Solutions (continued) Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2006 2007 2006
Slide 13: Assurant Specialty Property Condensed Statements of Operations
Assurant Specialty Property Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2006 2007 2006 Rev
Slide 14: Assurant Health Condensed Statements of Operations
Assurant Health Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2006 2007 2006 Revenues: Net e
Slide 15: Assurant Health (continued) Condensed Statements of Operations
Assurant Health (continued) Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2006 2007 2006 Sal
Slide 16: Assurant Employee Benefits Condensed Statements of Operations
Assurant Employee Benefits Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2006 2007 2006 Reve
Slide 17: Assurant Employee Benefits (continued) Condensed Statements of Operations
Assurant Employee Benefits (continued) Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 2006 2006 2006 2006 20
Slide 18: Assurant Corporate and Other Condensed Statements of Operations
Assurant Corporate and Other Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December September June 30, March 31, September 30, September 30, ($ in thousands) 2007 2007 2007 31, 2006 30, 2006 2006 2006 2007 2006 Re
Slide 19: Investments
Assurant, Inc. and Subsidiaries Investments (Unaudited) As of As of September 30, December 31, ($ in thousands) 2007 2006 Investments by Type Fixed maturities: available for sale, at fair value $ 9,891,107 $ 9,118,049 Equity securities: available for sale, at fair value Preferred stocks 684,579 740,
Slide 20: Investment Results by Asset Category and Annualized Yields
Assurant, Inc. and Subsidiaries Investment Results by Asset Category and Annualized Yields (Unaudited) For the Three Months Ended For the Three Months Ended For the Nine Months Ended For the Nine Months Ended September 30, 2007 September 30, 2006 September 30, 2007 September 30, 2006 Investment Real
Slide 21: Summary of Net Operating Income Disclosed Items
Assurant, Inc. and Subsidiaries Summary of Net Operating Income Disclosed Items - (Note 1) Income / (Expense) Items (unaudited) For the Three Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, 2007 2007 2007 2006 2006 2006 2006 Diluted Diluted Diluted Diluted