Assurant, Inc. · NYSE:AIZ
Assurant — FY2005 Earnings Presentation
20 slides from Assurant's earnings presentation, Feb 9, 2006
Slide 1: Assurant, Inc. (AIZ) Financial Supplement as of December 31, 2005
Exhibit 99.2 Assurant, Inc. (AIZ) Financial Supplement as of December 31, 2005
Slide 2: Earnings Release Supplement Index and About Assurant
ASSURANT, INC. AND SUBSIDIARIES EARNINGS RELEASE SUPPLEMENT AS OF DECEMBER 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 (unaudi
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 December 31, December 31, ($ in thousands, except per share amounts) 2005 2004 2005 2004 Net operating income (1) $ 142,442 $ 86,478 $ 513,289 $ 344,991 Net realized (loss) gain fro
Slide 5: Summary Financial Highlights (continued)
Assurant, Inc. and Subsidiaries Summary Financial Highlights (continued) (Unaudited) As of As of December 31, December 31, ($ in thousands, except per share amounts) 2005 2004 2003 Total assets $ 25,365,453 $ 24,548,106 $ 24,093,444 Total stockholders’ equity $ 3,699,559 $ 3,635,431 $ 2,632,103 Capi
Slide 6: Consolidated Condensed Balance Sheets
Assurant, Inc. and Subsidiaries Consolidated Condensed Balance Sheets (Unaudited) As of As of December 31, December 31, ($ in thousands) 2005 2004 2003 Assets Investments and cash and cash equivalents $ 13,371,392 $ 12,955,128 $ 12,302,585 Reinsurance recoverables 4,447,810 4,196,810 4,409,949 Goodw
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 December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands, net of tax) 2005 2005
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 December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 2004 200
Slide 9: Investment yield
(NYSE) Investment yield (1) 5.54% 5.71% 5.63% 5.51% 5.55% 5.56% 5.57% 5.43% 5.54% 5.46% (1) The investment yields for the three months ended September 30, 2005 and June 30, 2005 exclude $3,156 and $9,409, respectively, of investment income realized from real estate partnerships. The investment yield
Slide 10: Assurant Solutions and Assurant Specialty Property Condensed Statement of Operations
Assurant Solutions and Assurant Specialty Property Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 20
Slide 11: Solutions and Specialty Property sales by product
Domestic extended service contracts $ 326,974 $ 298,969 $241,035 $253,249 $ 247,305 $ 238,030 $211,684 $263,333 $ 1,120,227 $ 960,352 International extended service contracts $ 86,674 $ 62,669 $ 50,593 $ 47,570 $ 39,704 $ 11,604 $ 11,098 $ 10,697 $ 247,506 $ 73,103 Specialty Property Solutions $ 411
Slide 12: Assurant Health Condensed Statement of Operations
Assurant Health Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 2004 2004 2004 2004 2005 2004 Revenue
Slide 13: Assurant Health (continued) Sales and Membership
Assurant Health (continued) Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 2004 2004 2004 2004 2005
Slide 14: Assurant Employee Benefits Condensed Statement of Operations
Assurant Employee Benefits Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 2004 2004 2004 2004 2005 2
Slide 15: Assurant Employee Benefits (continued) Sales and Ratios
Assurant Employee Benefits (continued) Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 2004 2004 2004
Slide 16: Assurant Preneed Condensed Statement of Operations
Assurant Preneed Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 2004 2004 2004 2004 2005 2004 Revenu
Slide 17: Assurant Preneed Investment yield
Investment yield (1) 6.59% 6.49% 6.18% 6.23% 6.35% 6.29% 6.47% 6.27% 6.43% 6.34% (1) The investment yields for the three months ended June 30, 2005 and for the year ended December 31, 2005 exclude $9,409 of investment income realized from a real estate partnership. Page 12
Slide 18: Assurant Corporate and Other Condensed Statement of Operations
Assurant Corporate and Other Condensed Statement of Operations (Unaudited) For the Three Months Ended For the Year Ended December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2005 2005 2005 2005 2004 2004 2004 2004 2005
Slide 19: Investments
Assurant, Inc. and Subsidiaries Investments (Unaudited) As of As of December 31, December 31, ($ in thousands) 2005 2004 Investments by Type Fixed maturities: available-for-sale, at fair value $ 8,961,778 $ 9,009,290 Equity Securities: available-for-sale Preferred stocks 691,523 635,671 Common stock
Slide 20: Investment Results by Asset Category and Annualized Yields
Assurant, Inc. Investment Results by Asset Category and Annualized Yields (Unaudited) For the Three Months Ended For the Three Months Ended December 31, 2005 December 31, 2004 For the Year Ended December 31, 2005 For the Year Ended December 31, 2004 Investment Investment Investment Investment Invest