XML 49 R32.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Results Of Operations (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results Of Operations (Unaudited)
Quarterly Results of Operations (Unaudited) 
The Company’s quarterly results of operations for the years ended December 31, 2015 and 2014 are summarized in the tables below:
 
Three Month Periods Ended
 
March 31
 
June 30
 
September 30
 
December 31
2015
 
 
 
 
 
 
 
Total revenues
$
2,598,610

 
$
2,644,894

 
$
2,534,156

 
$
2,547,834

Income (loss) before provision (benefit) for income taxes
83,193

 
40,025

 
(32,251
)
 
110,214

Net income (loss)
50,044

 
32,789

 
(7,022
)
 
65,744

Basic per share data:
 
 
 
 
 
 
 
Income (loss) before provision (benefit) for income taxes
$
1.19

 
$
0.58

 
$
(0.48
)
 
$
1.65

Net income (loss)
$
0.72

 
$
0.48

 
$
(0.10
)
 
$
0.99

Diluted* per share data:
 
 
 
 
 
 
 
Income (loss) before provision (benefit) for income taxes
$
1.18

 
$
0.58

 
$
(0.48
)
 
$
1.63

Net income (loss)
$
0.71

 
$
0.47

 
$
(0.10
)
 
$
0.97

 
 
 
 
 
 
 
 
 
March 31
 
June 30
 
September 30
 
December 31
2014
 
 
 
 
 
 
 
Total revenues
$
2,448,372

 
$
2,608,101

 
$
2,702,488

 
$
2,622,692

Income before provision for income taxes
235,253

 
193,787

 
224,751

 
90,346

Net income
137,245

 
143,610

 
140,297

 
49,755

Basic per share data:
 
 
 
 
 
 
 
Income before provision for income taxes
$
3.23

 
$
2.67

 
$
3.11

 
$
1.27

Net income
$
1.88

 
$
1.98

 
$
1.94

 
$
0.70

Diluted per share data:
 
 
 
 
 
 
 
Income before provision for income taxes
$
3.18

 
$
2.63

 
$
3.08

 
$
1.25

Net income
$
1.86

 
$
1.95

 
$
1.92

 
$
0.69


* In accordance with earnings per share guidance, diluted per share amounts are computed in the same manner as basic per share amounts when a loss from operations exists.

Third quarter 2015 results reflect adverse claims development on 2015 individual major medical policies, premium deficiency reserve strengthening and severance and other exit-related charges associated with our exit from the health insurance market.
Fourth quarter 2014 results were primarily affected by increased claims in the Assurant Health segment, decreased net income in the Assurant Specialty Property segment due to normalization of our lender-placed business and a previously disclosed $19,400 net loss on the sale of ARIC.