Assurant, Inc. · NYSE:AIZ
Assurant — Q1 2008 Earnings Presentation
19 slides from Assurant's earnings presentation, May 1, 2008
Slide 1: Assurant, Inc. (AIZ) Financial Supplement as of March 31, 2008
Exhibit 99.2 Assurant, Inc. (AIZ) Financial Supplement as of March 31, 2008
Slide 2: Financial Supplement Index and About Assurant
ASSURANT, INC. AND SUBSIDIARIES FINANCIAL SUPPLEMENT (UNAUDITED) AS OF MARCH 31, 2008 INDEX TO SUPPLEMENT Page: REGULATION G – NON GAAP FINANCIAL MEASURES 1 SUMMARY FINANCIAL HIGHLIGHTS 2 SEGMENTED CONDENSED BALANCE SHEETS 4 RECONCILIATION OF NET OPERATING INCOME TO NET INCOME 5 CONSOLIDATED CONDENS
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 Year Ended March 31, December 31, ($ in thousands, except number of shares and per share amounts) 2008 2007 2007 2006 Net operating income (1) $ 214,873 $ 175,836 $ 694,188 $ 602,678 Net reali
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 shares and per share amounts) 2008 2007 Total assets $ 26,446,415 $ 26,750,316 Total stockholders’ equity $ 4,207,215 $ 4,088,903 Total stockholders’ equity
Slide 6: Segmented Condensed Balance Sheets
Assurant, Inc. and Subsidiaries Segmented Condensed Balance Sheets (Unaudited) At March 31, 2008 Specialty Employee Corporate & Solutions Property Health Benefits Other(1) Consolidated ($ in thousands) Assets Investments and cash and cash equivalents $ 7,660,512 $2,604,301 $1,062,616 $2,568,164 $ 78
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) 2008 2007 2007 2007 2007 2007 2006 Assurant So
Slide 8: Consolidated Condensed Statements of Operations
Assurant, Inc. and Subsidiaries Consolidated Condensed Statements 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, except closing stock price) 2008 2007 2007 2007 2007 2007 2006
Slide 9: Assurant Solutions Condensed Statements of Operations
Assurant Solutions Condensed Statements 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) 2008 2007 2007 2007 2007 2007 2006 Revenues: Net earned premiums and other considerations
Slide 10: Assurant Solutions (continued) Condensed Statements of Operations
Assurant Solutions (continued) Condensed Statements 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) 2008 2007 2007 2007 2007 2007 2006 Gross written premiums: Domestic: Credit $
Slide 11: Assurant Specialty Property Condensed Statements of Operations
Assurant Specialty Property Condensed Statements 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) 2008 2007 2007 2007 2007 2007 2006 Revenues: Net earned premiums and other consi
Slide 12: Assurant Health Condensed Statements of Operations
Assurant Health Condensed Statements 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) 2008 2007 2007 2007 2007 2007 2006 Revenues: Net earned premiums and other considerations $4
Slide 13: Assurant Health (continued) Condensed Statements of Operations
Assurant Health (continued) Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2008 2007 2007 2007 2007 2007 2006 Sales (annualized issued premiums): Individua
Slide 14: Assurant Employee Benefits Condensed Statements of Operations
Assurant Employee Benefits Condensed Statements 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) 2008 2007 2007 2007 2007 2007 2006 Revenues: Net earned premiums and other consid
Slide 15: Assurant Employee Benefits (continued) Condensed Statements of Operations
Assurant Employee Benefits (continued) Condensed Statements 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) 2008 2007 2007 2007 2007 2007 2006 Sales: Group dental $ 45,625 $ 16,
Slide 16: Assurant Corporate and Other Condensed Statements of Operations
Assurant Corporate and Other Condensed Statements 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) 2008 2007 2007 2007 2007 2007 2006 Revenues: Net earned premiums and other cons
Slide 17: Investments
Assurant, Inc. and Subsidiaries Investments (Unaudited) As of As of March 31, December 31, ($ in thousands) 2008 2007 Investments by Type Fixed maturity securities: available for sale, at fair value $ 9,692,529 $10,126,415 Equity securities: available for sale, at fair value Preferred stocks 705,722
Slide 18: Investment Results by Asset Category and Annualized Yields
Assurant, Inc. and Subsidiaries Investment Results by Asset Category and Annualized Yields (Unaudited) For the Three Months Ended For the Three Months Ended For the Year Ended For the Year Ended March 31, 2008 March 31, 2007 December 31, 2007 December 31, 2006 Investment Net realized Investment Net
Slide 19: Summary of Net Operating Income Disclosed Items
Assurant, Inc. and Subsidiaries Summary of Net Operating Income Disclosed Items—(Note 1) Income / (Expense) Items (unaudited) For the Three Months Ended March 31, December 31, September 30, June 30, March 31, 2008 2007 2007 2007 2007 Diluted Diluted Diluted Diluted Diluted ($ in millions, after-tax)