Slide 1: Financial Supplement as of September 30, 2004
Assurant Inc. (AIZ) Financial Supplement as of September 30, 2004
Slide 2: Earnings Release Supplement Index
ASSURANT, INC. AND SUBSIDIARIES EARNINGS RELEASE SUPPLEMENT AS OF SEPTEMBER 30, 2004 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 (unaud
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 Nine Months Ended September 30, September 30, ($ in thousands, except per share amounts) 2004 2003 2004 2003 Net operating income (1) $ 73,219 $ 95,331 $ 258,513 $ 254,360 Net realized gains f
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 per share amounts) 2004 2003 2002 Total assets $ 23,638,294 $ 23,728,319 $ 22,279,055 Total stockholders’ equity $ 3,555,051 $ 2,632,103 $ 2,555,059 Cap
Slide 6: Consolidated Condensed Balance Sheets
Assurant, Inc. and Subsidiaries Consolidated Condensed Balance Sheets (Unaudited) As of As of September 30, December 31, ($ in thousands) 2004 2003 2002 Assets Investments and cash and cash equivalents $12,126,576 $11,881,802 $10,694,772 Reinsurance recoverables 4,263,042 4,445,265 4,649,909 Deferre
Slide 7: Reconciliation of Net Operating Income to Net Income
Assurant, Inc. and Subsidiaries Reconciliation of Net Operating Income to Net Income (Unaudited) For the Three Months Ended For the Nine Months Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, September 30, September 30, ($ in thousands, net of tax) 2004 2004 2004
Slide 8: Consolidated Condensed Statement of Operations
Assurant, Inc. and Subsidiaries Consolidated Condensed Statement 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) 2004 2004 2004 2003 2003 2003 20
Slide 9: Assurant Solutions Condensed Statement of Operations
Assurant Solutions Condensed Statement 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) 2004 2004 2004 2003 2003 2003 2003 2004 2003 Revenues: Net
Slide 10: Assurant Health Condensed Statement of Operations
Assurant Health Condensed Statement 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) 2004 2004 2004 2003 2003 2003 2003 2004 2003 Revenues: Net ea
Slide 11: Assurant Employee Benefits Condensed Statement of Operations
Assurant Employee Benefits Condensed Statement 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) 2004 2004 2004 2003 2003 2003 2003 2004 2003 Reven
Slide 12: Assurant Preneed Condensed Statement of Operations
Assurant Preneed Condensed Statement 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) 2004 2004 2004 2003 2003 2003 2003 2004 2003 Revenues: Net e
Slide 13: Assurant Corporate and Other Condensed Statement of Operations
Assurant Corporate and Other Condensed Statement 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) 2004 2004 2004 2003 2003 2003 2003 2004 2003 Rev
Slide 14: Investments
Assurant, Inc. and Subsidiaries Investments (Unaudited) As of As of September 30, December 31, ($ in thousands) 2004 2003 Investments by Type Fixed maturities: available-for-sale, at fair value $ 9,045,812 $ 8,728,838 Equity Securities: available-for-sale Preferred stocks 545,574 452,373 Common stoc
Slide 15: Investment Results by Asset Category and Annualized Yields
Assurant, Inc. Investment Results by Asset Category and Annualized Yields (Unaudited) For the Three Months Ended September 30, 2004 For the Three Months Ended September 30, 2003 Investment Investment Investment Investment ($ in thousands) Yield Income Gain (Loss) Yield Income Gain (Loss) Fixed matur