company pdf report

Assurant, Inc. Profile

1 Chase Manhattan Plz #41New York, NY 10005 United StatesPhone : +1-212-859-7000Fax : +1-212-859-7010http://www.assurant.com

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WELCOME

HIDDEN TEXT TO MARK THE BEGINNING OF THE TOC

PAGE iOct 27, 2014• •866-541-3770 HOOVERS.COM

Table of Contents2Company Overview

Key Information 2

Key Financials 2

Company Rankings 2

Key People 3

4Company Description

6Industry Information

7People

People 8

Board Members 10

10Biographies

Elaine D. Rosen 11

Alan B. Colberg 11

Robert B. Pollock 12

Christopher J. Pagano 13

Bart R. Schwartz 13

Robyn Price Stonehill 14

Eric Greenman 14

Adam D. Lamnin 15

S. Craig Lemasters 15

Gene E. Mergelmeyer 16

Marilyn Piccolo 17

John S. Roberts 17

Rajeev Bal 17

Robert Dinsmore 17

R S Martin 17

Christine Hall 18

Fiona Cairns 18

Rojas Filliben Ana 18

Joseph Erdeman 18

Darrell Gambero 18

Lorenzo Landini 18

Lisa Minder 18

James Barrett 18

Mark J Bohen 18


Mike Campbell 19

Melissa J T Hall 19

Jim Mayfield 20

Michele Phillips 20

Robyn H Price Stonehill 20

Ross Rosenberg 20

Matt Sanning 20

Brian Albright 20

David Andrews 21

Debbie Balchun 21

Bruce Bautch 21

Julie Berquist 21

Abhishek Breja 21

Jack Buehler 21

Robert Butler 21

Stacey Byerley 21

Theresa Campbell 21

Jose Castaigne 22

Henry Catry 22

Manish Chawla 22

Andrew Chung 22

Kent Collier 22

Amy Coughlin 22

Phillip Culbertson 22

Stephen Davidson 22

Mark Davis 22

23Historical Events

23Company Financials

Financial Summary 23

Annual Income Statement 25

Quarterly Income Statement 26

Annual Balance Sheet 27

Quarterly Balance Sheet 28

Annual Cash Flow 29

Quarterly Cash Flow 30


Earnings Estimates 31

Financial Market Data 32

Historical Financials 33

34Competition

Competitors List 34

Competitive Landscape 35

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Company Overview1 Chase Manhattan Plz #41New York, NY 10005 United StatesPhone : +1-212-859-7000Fax : +1-212-859-7010http://www.assurant.com

From credit cards to trailer parks, Assurant provides a range of specialty insurance products. Through AssurantSolutions and Assurant Specialty Property, the company offers such products as credit protection insurance,manufactured home coverage, creditor-placed homeowners insurance, pre-need funeral policies, and extendedwarranties for electronics, appliances, and vehicles. Individuals and small employer groups can choose fromseveral types of health coverage offered by Assurant Health, while group life, dental, and disability products areavailable through the Assurant Employee Benefits segment. Assurant's products are distributed through salesoffices and independent agents across the US and abroad.

Key InformationDUNS Number 052908241

Location Type HeadquartersSubsidiary Status NoManufacturer NoCompany Type PublicPlant/Facility Size (sq. ft.) 10,659.00Owns/Rents OwnsForeign Trade ImportsAccountant PricewaterhouseCoopers LLPTotal Employees 16,6001-Year Employee Growth 13.70%Employees At This Location 120Year of Founding or Change in Control 2004Primary Industry 1412:Property/Casualty Insurance CarriersPrimary SIC Code 63110000:Life insurancePrimary NAICS Code 524113:Direct Life Insurance CarriersLatitude/Longitude 40.707431 / -74.009481

Key FinancialsFiscal Year-End DecemberSales ($ M) $9,047.66M1-Year Sales Growth 6.34%Net Income $488.91M1-Year Net Income Growth 1.08%Total Assets $29,714.69MMarket Value $4,681.75M

Prescreen Score Medium Risk

Company Rankings304 in FORTUNE 500 (June 2014)S&P 500 (June 30, 2014)304 in FORTUNE 1000 (June 2014)

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Key People

Name Title

Ms. Elaine D. Rosen Chairman

Mr. Alan B. Colberg President, CEO and Director

Mr. Robert B. Pollock CEO and Director

Mr. Christopher J. Pagano EVP and CFO

Mr. Bart R. Schwartz EVP, Chief Legal Officer and Secretary

Ms. Robyn Price Stonehill EVP and Chief Human Resources Officer

Mr. Eric Greenman Chief Investment Officer

Mr. Adam D. Lamnin President and CEO, Assurant Health

Mr. S. Craig Lemasters President and CEO, Assurant Solutions

Mr. Gene E. Mergelmeyer President and CEO, Assurant Specialty Property


Company Description

Geographic ReachMore than 85% of Assurant's sales are in the US, but the company also operates in Canada and Mexico, as well asin Puerto Rico and about a dozen Latin American, European, and Asian countries. International sales are focusedon extended service contracts and credit insurance (debt protection coverage for unemployment, death, or otherevents) through partnering retail and institutional distributors. The company also offers funeral policies (used tofund funeral expenses) in Canada.Sales and MarketingInsurance products and services are distributed through independent brokers, agents, employee benefitspecialists, financial institution representatives, and third-party marketing organizations, as well as retail outletsincluding mortgage loan offices, funeral homes, and retailers.Financial PerformanceAssurant reported a 3% increase in revenues to $8.5 billion in 2012 attributed to higher premium earnings,investment income and gains, and other considerations. The Assurant Solutions segment reported a 6% increasein revenues due to auto and retail service contract growth and international customer expansion, while theAssurant Specialty Property segment increased 8% on homeowners' insurance, renters' insurance, and residentbond sales growth. Increased sales within those segments were offset by declining revenues in the AssurantHealth and Assurant Employee Benefits segments. The 2012 results reflect a recovery over declining sales in 2011and 2010.Assurant's net income fell by 10% to $484 million in 2012, however, due to the release of an $80 million capitalloss valuation allowance related to deferred tax assets. Net income had risen substantially in 2011 due to reducedimpairment charges, following sagging profits between 2008 and 2010 (caused by a variety of factors including adecline in the credit insurance market and the settlement of an SEC investigation).StrategyTo expand its business, Assurant introduces new product offerings, such as lines of lender-placed property policieslaunched in 2012.The new product lines and related ratings services are being introduced in phases by AssurantSpecialty Property to meet customer needs in a market recovering from the recent US housing crisis. Also in 2012,the company introduced new property/casualty coverage designed for clients in the growing field of solar energydevelopment.With a wary eye on pending US health care reform, the company has begun to streamline its group and individualhealth insurance operations in the hopes that it can cash in on any industry opportunities that might arise. Itstarted offering more low-cost insurance products, such as high-deductable, low-premium health plans with limitedbenefits, to meet current market needs.The company also expands by pursuing a conservative acquisition strategy, investing in small purchases thatneatly complement its existing offerings. In addition, Assurant partners with other companies to expand its reach.For example, in 2012 Assurant Solutions partnered with Best Buy's wholly owned affiliate Jiangsu Five Star, aleading electronics retailer in China, to provide extended protection products and services for electronics andappliances at more than 200 stores in China. In addition, Assurant Solutions has formed agreements toprovide warranty services for companies such as GE and Whirlpool.Mergers and AcquisitionsIn 2011 the Specialty Property division acquired SureDeposit, which provides security deposit alternatives forrental property owners across the US, for some $45 million. The purchase expanded the unit's service offerings forthe multifamily housing market.The company built up the domestic warranty operations of Assurant Solutions through historical acquisitions. Forinstance, the division added a niche provider of handset repair and protection insurance services for wirelesscompanies in 2008; it also purchased a provider of appliance and electronics warranties that year.Company BackgroundAssurant traces its roots to the LaCrosse Mutual Aid Association, which was founded in 1892 to provide disabilityinsurance in Wisconsin.The company, formerly known as Fortis, Inc., was spun off by the Fortis group (now known as Ageas) in 2004 andbecame publicly traded. The Fortis group owned 36% of Assurant until 2005, when it further reduced its stake toabout 16% through a secondary public offering; the group gradually sold off the rest of its shares in the followingyears.In 2010 the company resolved a nearly three-year-long SEC investigation into the company's finances. Theinvestigation was part of a more widespread SEC investigation into the use by several companies (includingAssurant) of finite reinsurance contracts, which if manipulated can fraudulently lead investors intomisunderstanding a company's bottom line. Assurant was never charged with fraud; but the company paid $3.5million to settle non-fraud-related violations and settle the investigation, without admitting or denying wrongdoing.


Industry InformationHoover's Industries

> Insurance

> Insurance Carriers> Property/Casualty Insurance Carriers ( primary )> Credit Insurance Carriers> Health Insurance Carriers> Homeowners Insurance Carriers> Life Insurance Carriers> Specialty & Supplemental Insurance Carriers> Warranty Insurance Carriers

Denotes In-depth Industry Insight by Hoover's Editorial Staff

Primary SIC Code63110000 : Life insurancePrimary NAICS Code524113 : Direct Life Insurance Carriers


People

Employees

Name Age SalaryTitle Bonus

Ms. Elaine D. Rosen -- --61ChairmanMr. Alan B. Colberg $545,000.00 --52President, CEO and DirectorMr. Robert B. Pollock $1,000,000.00 --59CEO and DirectorMr. Christopher J. Pagano $545,000.00 --50EVP and CFOMr. Bart R. Schwartz $520,000.00 --61EVP, Chief Legal Officer and

SecretaryMs. Robyn Price Stonehill -- --EVP and Chief Human Resources

OfficerMr. Eric Greenman -- --Chief Investment OfficerMr. Adam D. Lamnin $520,000.00 --50President and CEO, Assurant HealthMr. S. Craig Lemasters $520,000.00 --53President and CEO, Assurant

SolutionsMr. Gene E. Mergelmeyer $545,000.00 --55President and CEO, Assurant

Specialty PropertyMarilyn Piccolo -- --VP Information Risk and Compliance

OfficeMr. John S. Roberts $500,000.00 $300,000.0058President and CEO, Assurant

Employee BenefitsRajeev Bal -- --Chief Operating OfficerRobert Dinsmore -- --Chief Information OfficerR S Martin -- --Vice President And Chief TechnologyChristine Hall -- --CmoFiona Cairns -- --PartnerRojas Filliben Ana -- --Senior Vice President BusinessMr Joseph Erdeman -- --Executive Vice President And

President Extended ProtectionSolutions

Darrell Gambero -- --Executive Vice President SalesLorenzo Landini -- --Executive Vice President MarketingLisa Minder -- --Executive Vice President MarketingMr James Barrett -- --Senior Vice President & Cio FortisMr. Mark J Bohen -- --Svp MarketingMike Campbell -- --Senior Vice PresidentMs. Melissa J T Hall -- --Svp, Finance (Taxation)Jim Mayfield -- --Senior Vice President SalesMichele Phillips -- --Senior Vice PresidentMs. Robyn H Price Stonehill -- --Svp Compensation And Benefits


Name Age SalaryTitle Bonus

Mr Ross Rosenberg -- --Svp Group Market SalesMatt Sanning -- --Senior Vice President SalesBrian Albright -- --Vice President Customer ServicesDavid Andrews -- --Vice President Of Product

ManagementDebbie Balchun -- --Vice President Of SalesBruce Bautch -- --Vice President SalesJulie Berquist -- --Vice President Group Pricing

ActuaryAbhishek Breja -- --Vice President Enterprise WideJack Buehler -- --Vice President Human ResourcesRobert Butler -- --Senior Vice President And Chief

ActuaryStacey Byerley -- --Vice President Marketing And

ProductTheresa Campbell -- --Vice President Information

TechnologyMr Jose Castaigne -- --Vice President Learning And

DevelopmentMr Henry Catry -- --Vice PresidentMr Manish Chawla -- --Vice President Data And

ArchitectureMr Andrew Chung -- --Vice President Finance ReportingKent Collier -- --Assistant Vice PresidentAmy Coughlin -- --Vice President Records ManagementPhillip Culbertson -- --Vp Business DevelopmentStephen Davidson -- --Vice President SalesMark Davis -- --Vice President Of Contact Center


Board Members

Name AgeTitle

Ms. Elaine D. Rosen 61Chairman

Allan KaiserDirector Board Of Directors


Biographies

Elaine D. Rosen, Age 61

Title held since 2010 : Chairman

Current Company Titles2010 - Present : Chairman

2009 - 2010 : Director

Biography

Source : Company Web Site, 03/29/2011

Ms. Rosen, age 61, was elected to our Board in February 2009 and became Non-Executive Chairof the Board in November 2010. Ms. Rosen served as Executive Vice President ofUNUM/Provident Corporation from 1999 to 2001 and as President of UNUM Life InsuranceCompany of America from 1997 to 1999 after serving in various positions at the Company since1975. Ms. Rosen currently serves as Chair of the Board of Trustees of The Kresge Foundation,and also serves on the Board of Directors of Kforce, Inc., where she is Chair of theCompensation Committee and a member of both the Nomination and Corporate GovernanceCommittees. Ms. Rosen serves on the Board of Directors of Preble Street, a collaborative forthe homeless and low income community in Portland, Maine, and is the immediate past Chair ofits Board. She also serves as a Trustee of the Foundation for Maines Community Colleges.

Alan B. Colberg, Age 52

Title held since 2015 : President, CEO and Director

Current Company Titles2015 - Present : President, CEO and Director

2011 - 2014 : EVP, Marketing and Business Development

Current Company Compensation HistorySalary Bonus Total

$545,000.00 --2013 : $3,019,487.00

$520,000.00 --2012 : $2,405,550.00

$395,417.00 $7,500,000.002011 : $9,468,705.00

Biography

On September 16, 2014 Assurant, Inc. (NYSE:AIZ), announced the appointment of Alan B.Colberg, as president, effective immediately, and as chief executive officer and director of thecompanys board, effective Jan. 1, 2015. He succeeds Robert B. Pollock who announced his planto retire earlier this year after 33 years with the company. Since joining Assurant in March 2011,Colberg has served as executive vice president, marketing and business development where hewas responsible for fully integrating Assurant's strategy with enterprise-wide and business-level innovation and growth plans. With extensive experience driving innovation and buildingvalue, Alan is uniquely qualified to lead Assurant. As a champion for consumers, Alan has a keengrasp of macro trends and a vision for the future that have been instrumental in identifying newopportunities for profitable growth, said Elaine D. Rosen, board chair. The boards extensivesearch affirmed he is the ideal leader to accelerate our momentum in ways that uphold the


Source : Company Press Release, September 16, 2014

values of Assurant. Colberg, 53, joined Assurant following a 22-year career with Bain &Company, Inc. During his tenure there, he held numerous operational and leadership roles. Heserved as Bains global practice leader for Financial Services and advised leading globalcompanies such as Assurant. In 2010, Consulting Magazine recognized Colberg as one of theworld's top 25 consultants and for his excellence in the financial services sector. He earned aBachelor of Science degree with highest honors in accounting and finance from the WhartonSchool at the University of Pennsylvania and an MBA from Harvard Business School. Mr.Colberg joined Assurant March 28, 2011 following a 22-year career with Bain & Company, Inc.where he founded and, for the past 11 years, headed Bain's Atlanta Office. For the past sixyears, he also served as Bain's global practice leader for Financial Services and led this practiceto a near tripling of revenues. In 2010, he was recognized by Consulting Magazine as one of theworld's top-25 consultants and for his excellence in the Financial Services sector. Previously inhis career, he served as president and COO of Commercial Financial Services and as amarketing and financial analyst at Procter and Gamble. He holds an MBA from Harvard BusinessSchool and is a graduate of the Wharton School at the University of Pennsylvania, with highesthonors. Mr. Colberg has long been active in civic leadership roles having served as Chairman ofthe Board of the Atlanta International School and on the boards of the Alliance Theatre and theMetro Atlanta Chamber of Commerce.

Robert B. Pollock, Age 59

Title held since 2014 : CEO and Director

Current Company Titles2014 - 2014 : CEO and Director

2006 - 2014 : President, CEO, and Director


$1,000,000.00 --2013 : $7,089,592.00

$975,000.00 --2012 : $9,024,036.00

$975,000.00 --2011 : $9,389,340.00

$950,000.00 --2010 : $7,869,488.00

$950,000.00 --2009 : $6,444,198.00

$950,000.00 --2008 : $7,950,668.00

$850,000.00 --2007 : --

$791,250.00 --2006 : --

$721,000.00 $1,168,020.002005 : --

Biography

On September 16, 2014 Assurant, Inc. (NYSE:AIZ), announced the appointment of Alan B.Colberg, as president, effective immediately, and as chief executive officer and director of thecompanys board, effective Jan. 1, 2015. He succeeds Robert B. Pollock who announced his planto retire earlier this year after 33 years with the company. On March 17, 2006, Mr. Pollockbecame President and Chief Executive Officer of Assurant. Previously, Mr. Pollock served as


Source : Company Press Release, September 16, 2014

Assurant's President and Chief Operating Officer, a role he assumed in July 2005. FromJanuary 1999 to June 2005 he served as Executive Vice President and Chief Financial Officer.From 1993 to 1999, he served as President and Chief Executive Officer of Assurant EmployeeBenefits. Mr. Pollock began his career as an actuary at CUNA Mutual Insurance Group in 1974.He then joined the Company as a staff actuary at Assurant Employee Benefits in 1981. In July1992, Mr. Pollock was appointed Senior Vice President, Group Life and Disability at AssurantEmployee Benefits. In July 1993, he was appointed President and Chief Executive Officer ofAssurant Employee Benefits. He is a Fellow of the Society of Actuaries and a member of theAmerican Academy of Actuaries. Mr. Pollock was the Chairman of the Disability InsuranceCommittee for the Health Insurance Association of America (HIAA) for three years.

Christopher J. Pagano, Age 50

Title held since 2014 : EVP and CFO

Current Company Titles2014 - Present : EVP and CFO

Unknown - 2014 : EVP and Treasurer; President and Chief Investment Officer, Assurant Asset Management


$545,000.00 --2013 : $2,834,733.00

$500,000.00 --2010 : $3,057,156.00

Biography

Source : Company Press Release, May 6, 2014

On May 6, 2014 Assurant, Inc. (NYSE: AIZ), announced that Christopher J. Pagano, currentlyAssurants executive vice president, chief investment officer and treasurer, will be promoted toCFO, effective Aug. 15, 2014. Pagano has served as executive vice president, chief investmentofficer and treasurer since 2007, and president, Assurant Asset Management since 2005. Hepreviously was executive vice president and head of fixed income, Assurant Asset Management.Pagano joined Assurant in 1996 from Merrill Lynch where he was a vice president andgovernment strategist in global fixed income research. He began his career at Morgan Stanley.Pagano is a Chartered Financial Analyst.

Bart R. Schwartz, Age 61

Current Company TitlesUnknown - Present : EVP, Chief Legal Officer and Secretary


$520,000.00 --2012 : $3,037,520.00


Salary Bonus Total

$500,000.00 --2010 : $2,452,376.00

$500,000.00 --2009 : $1,991,192.00

Biography

Source : Company Web Site, 2012

Mr. Schwartz is Executive Vice President, Chief Legal Officer and Secretary of Assurant, Inc.since April of 2008. He previously served as Chief Corporate Governance Officer and Secretaryof The Bank of New York Company Mellon Corporation, Deputy General Counsel and CorporateSecretary of Marsh & McLennan Companies, Inc., General Counsel and Senior Vice President ofThe MONY Group Inc., and Senior Vice President, General Counsel and Secretary of WillisCorroon Corporation. Mr. Schwartz began his legal career in 1978 with Debevoise & Plimpton inNew York and later joined the Los Angeles office of Skadden, Arps, Slate, Meagher & Flom. Mr.Schwartz serves on the Board of Directors of the Association of Corporate Counsel and is afrequent writer and speaker on corporate governance, securities law, mergers and acquisitionsand other corporate law topics. He holds a Juris Doctor from the University of SouthernCalifornia School of Law and a Masters of Business Administration from Vanderbilt University,Owen School of Management.

Robyn Price Stonehill

Current Company TitlesUnknown - Present : EVP and Chief Human Resources Officer

Biography


Ms. Price Stonehill was named executive vice president, chief human resources officer ofAssurant, Inc. in July 2014. Before assuming her current role at Assurant, she served as seniorvice president of compensation, benefits and shared services at the company. In this role, shewas responsible for setting the vision and design of total rewards to support Assurantsstrategy. Prior to joining Assurant in 1999, she worked in the Human Capital ServicesConsulting Practice at Arthur Andersen where she advised clients on retirement and benefitsissues during mergers and acquisitions. Ms. Price Stonehill is a member of the board ofdirectors and finance committee of AMIT, an organization that operates 110 schools, youthvillages, surrogate family residences and other programs in Israel. She also is a member of theAthena Leadership Council at Barnard College, designed to advance women in leadership roles.Ms. Price Stonehill graduated summa cum laude from Queens College of the City University ofNew York with a Bachelor of Arts in Mathematics.

Eric Greenman

Title held since 2014 : Chief Investment Officer


Current Company Titles2014 - Present : Chief Investment Officer

2004 - 2014 : SVP and Co-Head of Fixed Income, Assurant Asset Management

Biography

Source : Company Press Release, August 5, 2014

On August 5, 2014 Assurant Inc. (AIZ), promoted Eric Greenman to oversee a $16 billioninvestment portfolio. Greenman was named chief investment officer, effective Aug. 15, the NewYork-based company said today in a statement. He replaces Christopher Pagano, who willbecome chief financial officer in a switch that was announced in May. Greenman, 46, has beenhead of fixed income since 2004. Mr. Greenman was most recently Director, QuantitativeStrategies at New York Life Investment Management. He also held positions at ChaseSecurities, Inc., Merrill Lynch-Futures Investment Partners and Kidder, Peabody & Co., Inc. Mr.Greenman has a B.S. from Babson College and M.B.A. from Columbia Business School. He is aChartered Financial Analyst.

Adam D. Lamnin, Age 50

Current Company TitlesUnknown - Present : President and CEO, Assurant Health


$520,000.00 --2012 : $3,283,253.00

Biography


Mr. Lamnin became President and Chief Executive Officer of Assurant Health in January 2011.An 18-year, specialty insurance executive, Mr. Lamnin previously served as Executive VicePresident and Chief Operating Officer of Assurant Health. As COO, Mr. Lamnin oversaw theactuarial, marketing, sales and product offerings of the company and headed the Company'sHealth Care Reform Working Group that developed the business strategy for the future. Beforehis move to Assurant Health, Mr. Lamnin rose to the position of Executive Vice President andChief Financial Officer for Assurant Solutions and Assurant Specialty Property. He also headedthe mortgage services, sales finance and consumer finance business units for AmericanBankers prior to its acquisition by Fortis. Mr. Lamnin is a CPA and prior to joining the Assurantfamily of companies was a senior accountant with PricewaterhouseCoopers. Mr. Lamninattended the University of Florida where he earned undergraduate and graduate degrees inaccounting.

S. Craig Lemasters, Age 53

Current Company TitlesUnknown - Present : President and CEO, Assurant Solutions



$520,000.00 --2011 : $3,145,838.00

$475,000.00 --2007 : --

$459,000.00 $75,000.002006 : --

Biography


Mr. Lemasters has been Assurant Solutions' President and Chief Executive Officer since June2005. From 2003 to 2005, Mr. Lemasters served as Executive Vice President and ChiefOperating Officer for the consumer protection solutions business line of Assurant Solutions.Between 1987 and 1998, he served as a channel executive and marketing manager for variousAmerican Bankers businesses at the Company's Miami headquarters. After two years asExecutive Vice President with Reliance Integramark, Mr. Lemasters rejoined Assurant in August2000 as Group Senior Vice President, International Channel and was promoted to ExecutiveVice President and Chief Marketing Officer in June 2001.

Gene E. Mergelmeyer, Age 55

Current Company TitlesUnknown - Present : President and CEO, Assurant Specialty Property


$545,000.00 --2013 : $3,508,124.00

$520,000.00 --2012 : $3,903,724.00

$520,000.00 --2011 : $3,650,332.00

$500,000.00 --2010 : $3,453,673.00

$500,000.00 --2009 : $2,838,868.00

$475,000.00 $95,000.002008 : $2,898,694.00

Biography


Mr. Mergelmeyer was named President and Chief Executive Officer, Assurant SpecialtyProperty in July 2007. He previously served as Executive Vice President, Assurant SpecialtyProperty and led Assurant Specialty Property's lender-placed division since 1999. Mr.Mergelmeyer has over 27 years experience in financial services and insurance. Prior to joiningAssurant, Mr. Mergelmeyer was executive vice president and chief financial officer of Insureco,Inc. which was acquired by Assurant in 1997. Previously, he held senior management positionsat a division of Transamerica and at public accountants Peat Marwick (now KPMG). He is agraduate of California State University, Long Beach.


Marilyn Piccolo

Title held since 2014 : VP Information Risk and Compliance Office

Current Company Titles2014 - Present : VP Information Risk and Compliance Office

John S. Roberts, Age 58

Title held since 2009 : President and CEO

Current Company Titles2009 - Present : President and CEO

2007 - 2009 : Interim President and Interim CEO

2006 - 2007 : SVP

Unknown - 2006 : SVP; President, Disability RMS

Other Company AffiliationsPresident and CEO, Assurant Employee Benefits, Assurant, Inc.

Biography


John joined Disability RMS in 2003, and became Assurant Employee Benefits interimPresident/CEO in 2007. Prior to joining Assurant, he held a variety of top managementpositions at Unum and UnumProvident Corporation in the areas of group insurance operationsand long-term disability products. A frequent presenter at the Association of Insurance andFinancial Analysts (AIFA) annual conference, he also has extensive experience in managingunderwriting, claims, product and systems development, and marketing areas. He is a pastchairman of the Health Insurance Association of Americas Disability Subcommittee. Johnearned a Bachelors degree in Economics from Bowdoin College. He currently serves on theWestbrook (ME) Economic Development Committee and is treasurer for the Portland (ME)Museum of Art. Top of page

Rajeev Bal

Current Company TitlesUnknown - Present : Chief Operating Officer

Robert Dinsmore

Current Company TitlesUnknown - Present : Chief Information Officer

R S Martin

Current Company TitlesUnknown - Present : Vice President And Chief Technology


Christine Hall

Current Company TitlesUnknown - Present : Cmo

Fiona Cairns

Current Company TitlesUnknown - Present : Partner

Rojas Filliben Ana

Current Company TitlesUnknown - Present : Senior Vice President Business

Joseph Erdeman

Current Company TitlesUnknown - Present : Executive Vice President And President Extended Protection Solutions

Darrell Gambero

Current Company TitlesUnknown - Present : Executive Vice President Sales

Lorenzo Landini

Current Company TitlesUnknown - Present : Executive Vice President Marketing

Lisa Minder

Current Company TitlesUnknown - Present : Executive Vice President Marketing

James Barrett

Current Company TitlesUnknown - Present : Senior Vice President & Cio Fortis

Mark J Bohen

Title held since 2007 : Svp Marketing

Current Company Titles


2007 - Present : Svp Marketing

Biography


Mr. Bohen is responsible for leading a cross-company team that generates, analyzes, tests anddisseminates revenue and profit-generating business ideas to benefit Assurant's clients andcustomers. He will also be responsible for strategic brand management at Assurant. Mr. Bohenmaintains offices in New York and Kansas City. He joined Assurant in 1998 as senior vicepresident, marketing and customer relations, Assurant Employee Benefits. Prior to joining thecompany, he held marketing and brand management positions at Citibank, Nabisco BiscuitCompany and McCain Foods. He is the former chair of the Life Insurance Market ResearchAssociation (LIMRA) Group Insurance Marketing Committee and a graduate of Kansas CityTomorrow, a community leadership development program. He also serves on the Board ofDirectors of CommunityLINC, a not-for-profit organization that aids homeless families.

Mike Campbell

Current Company TitlesUnknown - Present : Senior Vice President

Melissa J T Hall

Title held since 2005 : Svp, Finance (Taxation)

Current Company Titles2005 - Present : Svp, Finance (Taxation)

Biography


Ms. Hall joined the department as director of taxation in 1994, was named assistant vicepresident in 1995, and then vice president in July of 1997. She began her career in 1986 withKPMG Peat Marwick, where she worked in both New York and London as a tax manager untiljoining Assurant.

Ms. Hall graduated with distinction from George Washington University in 1986 with abachelor's degree in accounting and was President of George Washington's Beta Alpha PsiAccounting Honor Society. In 1997, she earned her master's degree in taxation from FordhamUniversity. Her business affiliations include the American Institute of Certified PublicAccountants (AICPA) and the New York State Society of CPA's (NYSSCPA). Ms. Hall is amember of the Advisory Group of New York Women United in Philanthropy, a division of theUnited Way. In addition, she is a member of the Board of Trustees for the MorningsideMontessori School, co-chair of the Anderson School and co-chair of the Grants Committee ofP.S. 9.


Jim Mayfield

Current Company TitlesUnknown - Present : Senior Vice President Sales

Michele Phillips

Current Company TitlesUnknown - Present : Senior Vice President

Robyn H Price Stonehill

Title held since 2009 : Svp Compensation And Benefits

Current Company Titles2009 - Present : Svp Compensation And Benefits

Biography

Source : Company Press Release, January 30, 2009

Ms. Price Stonehill most recently served as vice president, executive compensation andretirement plans at Assurant. In her expanded role, Ms. Price Stonehill will continue to overseeAssurant's executive compensation and retirement programs. She will also oversee Assurant'shealth and welfare plans working to optimize synergies across the compensation and benefitsfunction. Prior to joining Assurant in 1999, Ms. Price Stonehill served as manager in the HumanCapital Services Consulting Practice at Arthur Andersen where she advised clients onretirement and benefits issues during mergers and acquisitions. She began her career as apension actuary in the retirement consulting practice at KPMG. A resident of New York City,Ms. Price Stonehill currently serves as vice president of the national board and chair of the newgeneration board of AMIT, an organization that runs over 70 schools educating over 20,000children in Israel. She also participates in lobbying efforts for the preservation of definedbenefit plans through membership in the American Benefits Council, United States Chamber ofCommerce and various other coalitions. Ms. Price Stonehill graduated summa cum laude fromQueens College of the City University of New York in 1993.

Ross Rosenberg

Current Company TitlesUnknown - Present : Svp Group Market Sales

Matt Sanning

Current Company TitlesUnknown - Present : Senior Vice President Sales

Brian Albright


Current Company TitlesUnknown - Present : Vice President Customer Services

David Andrews

Current Company TitlesUnknown - Present : Vice President Of Product Management

Debbie Balchun

Current Company TitlesUnknown - Present : Vice President Of Sales

Bruce Bautch

Current Company TitlesUnknown - Present : Vice President Sales

Julie Berquist

Current Company TitlesUnknown - Present : Vice President Group Pricing Actuary

Abhishek Breja

Current Company TitlesUnknown - Present : Vice President Enterprise Wide

Jack Buehler

Current Company TitlesUnknown - Present : Vice President Human Resources

Robert Butler

Current Company TitlesUnknown - Present : Senior Vice President And Chief Actuary

Stacey Byerley

Current Company TitlesUnknown - Present : Vice President Marketing And Product

Theresa Campbell



Unknown - Present : Vice President Information Technology

Jose Castaigne

Current Company TitlesUnknown - Present : Vice President Learning And Development

Henry Catry

Current Company TitlesUnknown - Present : Vice President

Manish Chawla

Current Company TitlesUnknown - Present : Vice President Data And Architecture

Andrew Chung

Current Company TitlesUnknown - Present : Vice President Finance Reporting

Kent Collier

Current Company TitlesUnknown - Present : Assistant Vice President

Amy Coughlin

Current Company TitlesUnknown - Present : Vice President Records Management

Phillip Culbertson

Current Company TitlesUnknown - Present : Vp Business Development

Stephen Davidson

Current Company TitlesUnknown - Present : Vice President Sales

Mark Davis



Unknown - Present : Vice President Of Contact Center


Event DetailsDate

Historical Events

Top Executive Change Robert B. Pollock succeeded J. Kerry Clayton, who was serving on an interim basis.2008-01-28Top Executive Change J. Kerry Clayton began filling in for Robert B. Pollock, who is on an administrative

leave of absence.2007-07-18

Top Executive Change Robert B. Pollock succeeded J. Kerry Clayton, who retired.2006-03-20Top Executive Change The company announced that Robert B. Pollock will succeed the retiring J. Kerry

Clayton on 03/17/2006.2006-01-23


Company Financials

Auditor

$9,047.66M

$488.91M

PublicCompany Type

1-Year Sales Growth

Prescreen Score1.08%1-Year Net Income Growth

6.34%

Medium RiskPricewaterhouseCoopers LLP

Financial Summary

Fiscal Year-End December

NYSE: AIZHeadquarters

2013 Sales

2013 Net Income


Annual Income StatementAll amounts in millions of US Dollars except per share amounts.

Dec 2013

Revenue 9,047.66Cost of Goods Sold --Gross Profit --

Gross Profit Margin --SG&A Expense 3,034.40Depreciation and Amortization --Operating Income 789.70Operating Margin 8.73%Nonoperating Income 0.00Nonoperating Expenses --Income Before Taxes 789.70Income Taxes 300.79Net Income After Taxes 488.91

Continuing Operations 488.91Discontinued Operations --Total Operations 488.91Total Net Income 488.91Net Profit Margin 5.40%

Diluted EPS from Continuing Operations 6.30Diluted EPS from Total Operations 6.30Diluted EPS from Total Net Income 6.30Dividends per Share 0.96

Dec 2012

8,508.27

----

--2,631.59

757.758.91%

0.10

757.75274.05483.71

483.71--

483.71483.715.69%

5.675.675.670.81

Dec 2011

8,272.80

----

--2,293.71

714.968.64%

0.00

714.96169.12

545.84

545.84--

545.84545.846.60%

5.585.585.580.70

Dec 2010

8,527.72

----

--2,392.04

606.447.11%0.00

606.44327.27279.18

279.18--

279.18279.183.27%

2.502.502.500.63

Dec 2009

8,700.50

----

--2,377.36

709.618.16%

0.00

709.61279.03430.57

430.57--

430.57430.574.95%

3.633.633.630.59


Quarterly Income StatementAll amounts in millions of US Dollars except per share amounts.

Jun 2014Quarter Ending

Revenue 2,608.10Cost of Goods Sold --Gross Profit --

Gross Profit Margin --SG&A Expense 884.34Depreciation and Amortization --Operating Income 193.79Operating Margin 7.43%Nonoperating Income 0.00Nonoperating Expenses --Income Before Taxes 193.79Income Taxes 50.18Net Income After Taxes 143.61

Continuing Operations 143.61Discontinued Operations --Total Operations 143.61Total Net Income 143.61Net Profit Margin 5.51%

Diluted EPS from Continuing Operations 1.95Diluted EPS from Total Operations 1.95Diluted EPS from Total Net Income 1.95Dividends per Share 0.27

Mar 2014

2,448.37

----

--843.24

235.259.61%

0.00

235.2598.01

137.25

137.25--

137.25137.255.61%

1.861.861.86

0.25

Dec 2013

2,400.62

----

--866.04

178.547.44%

0.00

178.5469.72

108.82

108.82--

108.82108.824.53%

1.451.451.45

0.25

Sep 2013

2,258.65

----

--737.33

193.978.59%

0.00

193.9765.18

128.79

128.79--

128.79128.795.70%

1.681.681.68

0.25

Jun 2013

2,237.77

----

--742.07

210.779.42%

0.00

210.7777.24

133.52

133.52--

133.52133.525.97%

1.701.701.70

0.25


Annual Balance SheetAll amounts in millions of US Dollars except per share amounts.

Current Assets

Inventories

Dec 2013

CashNet Receivables

Total Current Assets

1,080.17

Net Fixed Assets

--

253.63

1,717.18

--

--

29,461.06

Other Current Assets

29,714.69Total Assets

Assets

Other Noncurrent

Preferred Stock EquityCommon Stock Equity

--

Dec 2013

4,833.48

Shares Outstanding (M) 71.834,833.48Total Equity

Shareholder's Equity

Long-Term Debt

Accounts Payable

Other Current Liabilities

Dec 2013

23,243.09Total LiabilitiesOther Noncurrent

Current Liabilities

1,638.12

--

24,881.21

1,662.35

----

Short-Term Debt

Total Current Liabilities

Liabilities

Dec 2012

862.77

250.80

909.40

--

--

28,695.8128,946.61

--

Dec 2012

5,185.37

78.665,185.37

Dec 2012

22,788.84972.40

23,761.24

1,514.09

----

Dec 2011

649.12

242.91

1,166.71

--

--

26,872.5427,115.45

--

Dec 2011

5,026.94

88.525,026.94

Dec 2011

21,116.23972.28

22,088.51

1,486.03

----

Dec 2010

542.93

267.17

1,150.52

--

--

26,129.8526,397.02

--

Dec 2010

4,780.54

102.004,780.54

Dec 2010

20,644.32972.16

21,616.48

1,353.86

----

Dec 2009

507.93

275.42

1,318.55

--

--

25,566.3825,841.80

--

Dec 2009

4,853.25

116.654,853.25

Dec 2009

20,016.49972.06

20,988.55

1,388.28

----


Quarterly Balance SheetAll amounts in millions of US Dollars except per share amounts.

Quarter EndingCurrent Assets

Inventories

Jun 2014

CashNet Receivables

Total Current Assets

1,343.09

Net Fixed Assets

--

262.12

1,398.87

--

--

30,355.06

Other Current Assets

30,617.17Total Assets

Assets

Other Noncurrent

Preferred Stock EquityCommon Stock Equity

--

Quarter Ending Jun 2014

5,349.71

Shares Outstanding (M) 71.305,349.71Total Equity

Shareholder's Equity

Long-Term Debt

Accounts Payable

Other Current Liabilities


24,096.53Total LiabilitiesOther Noncurrent

Current Liabilities

1,170.93

--

25,267.47

1,816.19

----

Short-Term Debt

Total Current Liabilities

Liabilities

Mar 2014

1,129.27

255.51

1,105.91

--

--

29,412.8729,668.39

--

Mar 2014

5,096.29

71.875,096.29

Mar 2014

23,401.241,170.86

24,572.10

1,672.74

----

Dec 2013

1,080.17

253.63

1,717.18

--

--

29,461.0629,714.69

--

Dec 2013

4,833.48

71.834,833.48

Dec 2013

23,243.091,638.12

24,881.21

1,662.35

----

Sep 2013

983.17

253.87

1,286.70

--

--

29,094.7229,348.59

--

Sep 2013

4,782.92

73.324,782.92

Sep 2013

22,927.281,638.39

24,565.67

1,753.09

----

Jun 2013

884.95

250.56

1,270.40

--

--

28,478.2328,728.80

--

Jun 2013

4,795.89

75.094,795.89

Jun 2013

22,286.021,646.89

23,932.91

1,537.13

----


Annual Cash FlowAll amounts in millions of US Dollars except per share amounts.

Dec 2013

Cash and Cash Equivalents at the Beginningof Year

909.40

Net Cash Provided in Operating Activities 1,027.56Net Cash Provided by Investing Activities (392.74)Net Cash Provided by Financing Activities 196.70Net Increase/Decrease in Cash and CashEquivalents

807.78

Cash and Cash Equivalents at the End ofYear

1,717.18

Dec 2012

1,166.71

679.70(449.88)(480.64)(257.31)

909.40

Dec 2011

1,150.52

855.30(196.59)(636.85)

16.20

1,166.71

Dec 2010

1,318.55

540.74(8.88)

(699.47)(168.04)

1,150.52

Dec 2009

1,040.68

269.93141.47

(142.56)277.87

1,318.55


Quarterly Cash FlowAll amounts in millions of US Dollars except per share amounts.


Cash and Cash Equivalents at the Beginningof Year

1,105.91

Net Cash Provided in Operating Activities 261.77Net Cash Provided by Investing Activities 34.60Net Cash Provided by Financing Activities (605.80)Net Increase/Decrease in Cash and CashEquivalents

(318.31)

Cash and Cash Equivalents at the End ofYear

1,398.87

Mar 2014

1,717.18

127.18(191.14)

(534.19)(611.27)

1,105.91

Dec 2013

1,286.70

1,027.56(392.74)

196.70807.78

1,717.18

Sep 2013

1,270.40

724.04(641.59)

309.71377.29

1,286.70

Jun 2013

1,604.63

273.66(343.60)

443.50360.99

1,270.40


Earning Estimates

High Estimate

Average Estimate

Year ago EPS

7

Growth Rate

$1.36

(7.77%)

$1.58

$1.71

$1.70

Low Estimate

Consensus Recommendation

Sep 14

Number of Analysts

Current Quarter

16.67%$1.42$1.53$1.81

6

$1.66

Dec 14

Next Quarter

$6.52 $6.54

Current Year Next Year

Sep 14 Sep 14

7 7$6.81 $7.00$6.28 $6.15$6.01 --

8.46% 0.28%

Moderate Sell


Financial Market DataCurrent Information

685Latest Short Interest Ratio

Dividend Yield 1.56%# of Institutional Holders

4.78

0.85Market Cap

4.82

71.38M$4,681.75M

52-Week High$65.59

10.22%

$69.719.45

Last Close (24-Oct-2014)

52-Week Low

1.75%

0.50

Price/Cash Flow Ratio

Price/Sales Ratio

Price/Earnings RatioPrice/Book Ratio

Return on Assets

% Owned by InstitutionsLatest Net Insider Transactions

Long-Term Debt/Equity

Return on Equity

0.34--

0.88$56.77

Shares Outstanding

60-Month Beta

Dividend Rate 1.08 Current Ratio --

18.52%

12 MonthGrowth 36 Month 60 Month

15.07% 12.20%

6.34% 1.99% 1.02%11.04% 35.97% 10.80%

Revenue GrowthEPS GrowthDividend Growth


Historical Financials

Income Statement

Year Revenue ($ M) Net Income ($ M) Net Profit Margin Employees

Dec 2013 9,047.66 488.91 5.40% 16,600

Dec 2012 8,508.27 483.71 5.69% 14,600

Dec 2011 8,272.80 545.84 6.60% 14,100

Dec 2010 8,527.72 279.18 3.27% 14,000

Dec 2009 8,700.50 430.57 4.95% 15,000

Dec 2008 8,601.23 447.80 5.21% 15,000

Dec 2007 8,453.52 653.75 7.73% 14,000

Dec 2006 8,070.58 717.42 8.89% 13,400

Dec 2005 7,497.68 479.36 6.39% 12,000

Dec 2004 7,403.46 350.56 4.74% 12,000

2013 Year-End Financials

Debt Ratio 33.89%Return on Equity 10.22%Cash ($ M) 1,717.18Current Ratio --Long-Term Debt ($ M) 1,638.12Shares Outstanding (M) 71.83Dividend Yield 1.56%Dividend Payout 0.15Market Cap ($ M) 4,767.24

Stock HistoryStock Price ($) P/E Per Share ($)

Year FY High FY Low FY Close High Low Earns. Div. Book Value

Dec 2013 66.73 34.83 66.37 10.59 5.53 6.30 0.96 67.29

Dec 2012 44.54 32.41 34.70 7.86 5.72 5.67 0.81 65.92

Dec 2011 41.90 30.65 41.06 7.51 5.49 5.58 0.70 56.79

Dec 2010 41.87 29.08 38.52 16.75 11.63 2.50 0.63 46.87

Dec 2009 33.37 16.34 29.48 9.19 4.50 3.63 0.59 41.61

Dec 2008 71.31 12.52 30.00 18.92 3.32 3.77 0.54 31.54

Dec 2007 90.96 46.92 66.90 16.91 8.72 5.38 0.46 34.68

Dec 2006 56.78 42.72 55.25 10.19 7.67 5.57 0.38 31.06

Dec 2005 44.68 29.70 43.49 12.77 8.49 3.50 0.31 28.26

Dec 2004 31.29 23.09 30.55 12.37 9.13 2.53 0.21 25.97


Competitors ListGross Revenue Net Profit

MarginNet Operating Cash FlowCompany

$47,294.60M $2,278.70M3.84%Aetna

$34,507.00M $4,242.00M6.67%Allstate

$86.90M ----American Home Shield

$40.00M ----Americo

$2,697.90M $915.45M9.62%AmTrust Financial

$419.70M ----Asurion

$33.00M ----Bankers Financial

$32,380.00M $719.00M6.02%CIGNA (Top Competitor)

$4.80M ----Delta Dental Plans

$8,565.00M $484.00M3.07%Fidelity National Financial

$4,956.08M $378.47M4.41%First American (Top Competitor)

$188.10M ----Great American Insurance Company

$30.40M ----Home Buyers Warranty

$509.27M ----Homesteaders Life

$41,313.00M $1,716.00M2.36%Humana

$2,110.06M $366.25M2.97%Maiden Holdings

$2,490.78M ----Monumental Life

$6,602.15M ----Mutual of Omaha

$12,084.63M ----Nationwide

$587.15M ----NGL Insurance

$57.50M ----QBE First

$34,620.00M ----State Farm (Top Competitor)

$105.10M ----The Warranty Group

$1,145.58M ----United Concordia

$122,489.00M $6,991.00M4.59%UnitedHealth Group

$11.20M ----Warrantech

$71,023.50M $3,052.30M3.10%WellPoint


Competitive Landscape

Annual Sales ($ M)EmployeesMarket Cap ($ M)

Assurant, Inc.

$9,047.66M16,600

$4,767.24M

Companies listed are Top Competitors.

Key Numbers

$24,103.01M

CIGNACORPORATION

$32,380.00M36,500

$2,986.38M

First AmericanFinancial

Corporation

$4,956.08M17,292

STATE FARMMUTUAL

AUTOMOBILE

$34,620.00M

--

Profitability

Gross Profit MarginPre-Tax ProfitNet Profit MarginReturn on EquityReturn on Assets

Assurant, Inc.

--8.25%5.34%

10.22%1.75%

Return on InvestedCapital

8.72%

CIGNACORPORATION

--9.24%6.02%

19.46%3.67%14.11%


Corporation

--6.73%4.41%8.27%2.95%7.55%

STATE FARMMUTUAL

AUTOMOBILE

------------

Industry

--12.51%8.86%8.27%1.61%

6.07%

Market

33.61%10.71%7.18%

11.40%2.04%7.52%

Valuation

Price/Sales RatioPrice/Earnings RatioPrice/Book RatioPrice/Cash Flow

Assurant, Inc.

0.509.450.884.82

CIGNACORPORATION

0.7712.772.24

10.53


Corporation

0.6915.72

1.2310.76

STATE FARMMUTUAL

AUTOMOBILE

--------

Industry

1.2514.08

1.1012.15

Market

1.4520.28

2.230.33

Operations

Days of SalesOutstandingInventory TurnoverDays Cost of GoodsSold in InventoryAsset TurnoverNet ReceivablesTurnover FlowEffective Tax Rate

Assurant, Inc.

--

----

0.3--

35.32%

CIGNACORPORATION

--

----

0.6--

34.80%


Corporation

--

----

0.7--

34.32%

STATE FARMMUTUAL

AUTOMOBILE

--

----

----

--

Industry

52.6

--39.0

0.26.9

28.18%

Market

--

7.5--

0.35.3

28.21%


Financial

Current RatioQuick RatioLeverage RatioTotal Debt/ EquityInterest Coverage

Assurant, Inc.

----

6.150.34

--

CIGNACORPORATION

----

5.140.50

--


Corporation

----

2.660.13

--

STATE FARMMUTUAL

AUTOMOBILE

----------

Industry

----

7.610.76

--

Market

1.461.025.510.956.56

Per Share Data

Per Share DataDividend Per ShareCash Flow Per ShareWorking Capital Per ShareLong-Term Debt Per ShareBook Value Per ShareTotal Assets Per Share

Assurant, Inc.

$130.09$1.02

$13.60--

$22.95$74.95

$416.29

CIGNACORPORATION

$120.72$0.04$8.82

--$19.01$41.46

$205.96


Corporation

$42.83$0.72$2.76

--$2.89

$24.03$60.79

STATE FARMMUTUAL

AUTOMOBILE

--------------

Industry

$15.51------

$32.95$44.31

$365.43

Market

$5.58----

$2.66$0.05$15.65$81.97

Growth

12-Month Revenue12-Month Net Income12-Month EPS Growth12-Month Dividend Growth36-Month Revenue Growth36-Month Net Income Growth36-Month EPS Growth36-Month Dividend Growth

Assurant, Inc.

6.34%1.08%

11.04%18.52%

1.99%20.54%35.97%15.07%

CIGNACORPORATION

11.20%(9.06%)(9.01%)0.00%15.07%

3.15%1.97%

0.00%


Corporation

9.12%(38.09%)(38.41%)

33.33%8.25%

13.39%12.37%38.67%

STATE FARMMUTUAL

AUTOMOBILE

----------------

Industry

(5.27%)19.14%

----

6.70%31.46%

----

Market

2.91%7.75%

----

4.81%2.09%

----


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