Assurant, Inc. · NYSE:AIZ
Assurant — FY2006 Earnings Presentation
18 slides from Assurant's earnings presentation, Mar 21, 2007
Slide 1: Additional Financial Disclosure for the Assurant Solutions Segment
Exhibit 99.2 Assurant, Inc. (AIZ) Additional Financial Disclosure for the Assurant Solutions Segment
Slide 2: Index, About Assurant and Safe Harbor Statement
ASSURANT, INC. AND SUBSIDIARIES ADDITIONAL FINANCIAL DISCLOSURE FOR THE ASSURANT SOLUTIONS SEGMENT INDEX Page: REGULATION G – NON GAAP MEASURES 1 SEGMENTED CONDENSED BALANCE SHEETS (unaudited) 2 RECONCILIATION OF NET OPERATING INCOME TO NET INCOME (unaudited) 3 CONSOLIDATED CONDENSED STATEMENT OF OP
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: Segmented Condensed Balance Sheets
Assurant, Inc. and Subsidiaries Segmented Condensed Balance Sheets At December 31, 2006 and December 31, 2005 (Unaudited) At December 31, 2006 Specialty Employee Corporate & Solutions Property Health Benefits Other(1) Consolidated ($ in thousands) Assets Investments and cash and cash equivalents $ 6
Slide 5: 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 ($ in thousands, December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, net of tax) 2006 2006
Slide 6: Consolidated Condensed Statements of Operations
Assurant, Inc. and Subsidiaries Consolidated Condensed Statements 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) 2006 2006 2006 2006 2005 20
Slide 7: Closing Stock Price and Investment Yield
AIZ Closing stock price (NYSE) $ 55.25 $ 53.41 $ 48.40 $ 49.25 $ 43.49 $ 38.06 $ 36.10 $ 33.70 $ 53.41 $ 43.49 Investment yield (1) 5.73% 5.66% 5.83% 5.75% 5.54% 5.71% 5.63% 5.51% 5.67% 5.54% Real estate investment income (1) $ 614 $ 3,229 $ — $ 14,735 $ — $ 3,156 $ 9,409 $ — $ 18,578 $ 12,565 (1) I
Slide 8: Assurant Solutions Condensed Statements of Operations
Assurant Solutions Condensed Statements 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) 2006 2006 2006 2006 2005 2005 2005 2005 2006 2005 Rev
Slide 9: Assurant Solutions Statements of Operations (continued)
Assurant Solutions Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Year Ended ($ in December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, thousands) 2006 2006 2006 2006 2005 2005 2005 2005 2006 2005 Gro
Slide 10: Assurant Specialty Property Condensed Statements of Operations
Assurant Specialty Property Condensed Statements 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) 2006 2006 2006 2006 2005 2005 2005 2005 2006
Slide 11: Specialty Property Ratios and Notes
Real estate investment income (1) $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — (a) The loss ratio is equal to policyholder benefits divided by net earned premiums and other considerations. (b) The expense ratio is equal to selling, underwriting and general expenses divided by net earned premiums and othe
Slide 12: Assurant Health Condensed Statements of Operations
Assurant Health Condensed Statements 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) 2006 2006 2006 2006 2005 2005 2005 2005 2006 2005 Revenu
Slide 13: Assurant Health (continued) Sales and Membership
Assurant Health (continued) Condensed Statements 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) 2006 2006 2006 2006 2005 2005 2005 2005 2006
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 December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2006 2006 2006 2006 2005 2005 2005 2005 2006
Slide 15: Assurant Employee Benefits (continued)
Assurant Employee Benefits (continued) Condensed Statements 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) 2006 2006 2006 2006 2005 2005 200
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 December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2006 2006 2006 2006 2005 2005 2005 2005 200
Slide 17: Corporate and Other Reconciliation to Net Operating Income
accounting principle Corporate and other per Reconciliation of Net Operating Income to Net Income (page 5) $ (19,908) $ (7,535) $ (4,930) $ (439) $ 20,701 $ (4,289) $ (3,314) $(10,417) $ (32,812) $ 2,681 Page 12
Slide 18: 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 December 31, September 30, June 30, March 31, December 31, September 30, June 30, March 31, ($ in millions, after-tax) 2006 2006 2006 2006 2005 2