Assurant, Inc. · NYSE:AIZ
Assurant — Q1 2007 Earnings Presentation
19 slides from Assurant's earnings presentation, May 2, 2007
Slide 1: Assurant, Inc. (AIZ) Financial Supplement as of March 31, 2007
Exhibit 99.2 Assurant, Inc. (AIZ) Financial Supplement as of March 31, 2007
Slide 2: Earnings Release Supplement Index
ASSURANT, INC. AND SUBSIDIARIES EARNINGS RELEASE SUPPLEMENT AS OF MARCH 31, 2007 INDEX TO SUPPLEMENT Page: REGULATION G – NON GAAP MEASURES 1 SUMMARY FINANCIAL HIGHLIGHTS (unaudited) 2 SEGMENTED CONDENSED BALANCE SHEETS (unaudited) 4 RECONCILIATION OF NET OPERATING INCOME TO NET INCOME (unaudited) 5
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 March 31, December 31, ($ in thousands, except shares and per share amounts) 2007 2006 2006 2005 Net operating income (1) $ 175,836 $ 163,819 $ 602,678 $ 513,289 Net realized gains
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) 2007 2006 Total assets $ 25,461,049 $ 25,165,148 Total stockholders’ equity $ 3,921,261 $ 3,832,597 Total stockholders’ equity
Slide 6: Segmented Condensed Balance Sheets
Assurant, Inc. and Subsidiaries Segmented Condensed Balance Sheets At March 31, 2007 and December 31, 2006 (Unaudited) At March 31, 2007 Specialty Employee Corporate & Solutions Property Health Benefits Other(1) Consolidated ($ in thousands) Assets Investments and cash and cash equivalents $ 7,126,3
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) 2007 2006 2006 2006 2006 2006 2005 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) 2007 2006 2006 2006 2006 2006 2005 Revenues: Net earned premium
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) 2007 2006 2006 2006 2006 2006 2005 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) 2007 2006 2006 2006 2006 2006 2005 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) 2007 2006 2006 2006 2006 2006 2005 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) 2007 2006 2006 2006 2006 2006 2005 Revenues: Net earned premiums and other considerations $5
Slide 13: Assurant Health (continued) Condensed Statements of Operations
Assurant Health (continued) Condensed Statements of Operations (Unaudited) For the Three Months Ended For the Year Ended March 31, December 31, September 30, June 30, March 31, December 31, December 31, ($ in thousands) 2007 2006 2006 2006 2006 2006 2005 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) 2007 2006 2006 2006 2006 2006 2005 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) 2007 2006 2006 2006 2006 2006 2005 Sales: Group dental $ 42,212 $ 17,
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) 2007 2006 2006 2006 2006 2006 2005 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) 2007 2006 Investments by Type Fixed maturities: available-for-sale, at fair value $ 9,377,836 $ 9,118,049 Equity Securities: available-for-sale, at fair value Preferred stocks 750,956 740,603
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, 2007 March 31, 2006 December 31, 2006 December 31, 2005 Investment Investment Investment Invest
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, ($ in millions, after-tax) 2007 2006 2006 2006 2006 Diluted Diluted Diluted Diluted Diluted