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Segment Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Financial Information by Segment
The following tables summarize selected financial information by segment: 
 
Three Months Ended June 30, 2016
 
Solutions
 
Specialty
Property
 
Health
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
Net earned premiums
$
755,252

 
$
451,318

 
$
(4,346
)
 
$

 
$
1,202,224

Fees and other income
202,908

 
109,846

 
8,284

 
7,267

 
328,305

Net investment income
88,362

 
17,823

 
1,983

 
11,652

 
119,820

Net realized gains on investments

 

 

 
21,626

 
21,626

Amortization of deferred gain on disposal of
  businesses (1)

 

 

 
125,818

 
125,818

Total revenues
1,046,522

 
578,987

 
5,921

 
166,363

 
1,797,793

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
Policyholder benefits
222,230

 
202,659

 
(24,075
)
 

 
400,814

Amortization of deferred acquisition
  costs and value of business acquired
283,032

 
59,608

 

 

 
342,640

Underwriting, general and
  administrative expenses (2)
475,935

 
231,920

 
37,763

 
57,977

 
803,595

Interest expense

 

 

 
15,232

 
15,232

Total benefits, losses and expenses
981,197

 
494,187

 
13,688

 
73,209

 
1,562,281

Segment income (loss) before
  provision (benefit) for income tax
65,325

 
84,800

 
(7,767
)
 
93,154

 
235,512

Provision (benefit) for income taxes
3,925

 
27,859

 
(2,341
)
 
36,720

 
66,163

Segment income (loss) after tax
$
61,400

 
$
56,941

 
$
(5,426
)
 
$
56,434

 
 
Net income
 
 
 
 
 
 
 
 
$
169,349


(1)
Includes $122,835 related to the additional deferred gain related to the Assurant Employee Benefits sale on March 1, 2016.
(2)
Corporate & Other includes a $16,672 intangible asset impairment charge related to trade names that will no longer be used or defended by the Company.

 
Three Months Ended June 30, 2015
 
Solutions
 
Specialty
Property
 
Health
 
Employee
Benefits
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
Net earned premiums
$
752,604

 
$
532,022

 
$
584,443

 
$
269,189

 
$

 
$
2,138,258

Fees and other income
178,578

 
106,128

 
17,047

 
6,460

 
15,396

 
323,609

Net investment income
99,976

 
25,443

 
7,014

 
30,020

 
5,333

 
167,786

Net realized gains on investments

 

 

 

 
11,999

 
11,999

Amortization of deferred gain on
  disposal of businesses

 

 

 

 
3,242

 
3,242

Total revenues
1,031,158

 
663,593

 
608,504

 
305,669

 
35,970

 
2,644,894

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits
235,099

 
214,605

 
625,323

 
192,687

 

 
1,267,714

Amortization of deferred acquisition
  costs and value of business acquired
276,823

 
66,111

 
2,917

 
8,032

 

 
353,883

Underwriting, general and
  administrative expenses
437,917

 
252,495

 
158,608

 
88,241

 
32,233

 
969,494

Interest expense

 

 

 

 
13,778

 
13,778

Total benefits, losses and
  expenses
949,839

 
533,211

 
786,848

 
288,960

 
46,011

 
2,604,869

Segment income (loss) before
  provision (benefit) for income tax
81,319

 
130,382

 
(178,344
)
 
16,709

 
(10,041
)
 
40,025

Provision (benefit) for income taxes
20,504

 
42,848

 
(54,569
)
 
5,441

 
(6,988
)
 
7,236

Segment income (loss) after tax
$
60,815

 
$
87,534

 
$
(123,775
)
 
$
11,268

 
$
(3,053
)
 
 
Net income
 
 
 
 
 
 
 
 
 
 
$
32,789

 
Six Months Ended June 30, 2016
 
Solutions
 
Specialty
Property
 
Health
 
Employee
Benefits (1)
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
Net earned premiums
$
1,494,176

 
$
920,927

 
$
24,388

 
$
177,971

 
$

 
$
2,617,462

Fees and other income
441,017

 
217,608

 
13,402

 
4,244

 
9,724

 
685,995

Net investment income
177,285

 
36,167

 
5,921

 
17,340

 
18,814

 
255,527

Net realized gains on investments (2)

 

 

 

 
183,344

 
183,344

Amortization of deferred gain on
  disposal of businesses (3)

 

 

 

 
173,414

 
173,414

Gain on pension plan curtailment

 

 

 

 
29,578

 
29,578

Total revenues
2,112,478

 
1,174,702

 
43,711

 
199,555

 
414,874

 
3,945,320

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits
448,981

 
382,131

 
(4,963
)
 
118,481

 

 
944,630

Amortization of deferred acquisition
  costs and value of business acquired
552,042

 
119,082

 

 
5,858

 

 
676,982

Underwriting, general and
  administrative expenses
977,145

 
473,354

 
90,718

 
58,469

 
121,268

 
1,720,954

Interest expense

 

 

 

 
29,735

 
29,735

Total benefits, losses and
  expenses
1,978,168

 
974,567

 
85,755

 
182,808

 
151,003

 
3,372,301

Segment income (loss) before
  provision (benefit) for income tax
134,310

 
200,135

 
(42,044
)
 
16,747

 
263,871

 
573,019

Provision (benefit) for income taxes
25,776

 
66,843

 
(9,445
)
 
6,277

 
93,901

 
183,352

Segment income (loss) after tax
$
108,534

 
$
133,292

 
$
(32,599
)
 
$
10,470

 
$
169,970

 
 
Net income
 
 
 
 
 
 
 
 
 
 
$
389,667

 
As of June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Segment assets:
$
14,830,610

 
$
3,632,142

 
$
723,107

 
$

 
$
10,618,354

 
$
29,804,213

 
(1)
Assurant Employee Benefits amounts represent January and February results of operations prior to the sale on March 1, 2016.
(2)
Includes $146,727 related to assets transferred to Sun Life as part of the Assurant Employee Benefits sale on March 1, 2016.
(3)
Includes $167,428 related to the additional deferred gain related to the Assurant Employee Benefits sale on March 1, 2016.
 
Six Months Ended June 30, 2015
 
Solutions
 
Specialty
Property
 
Health
 
Employee
Benefits
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
Net earned premiums
$
1,507,081

 
$
1,060,468

 
$
1,194,185

 
$
536,086

 
$

 
$
4,297,820

Fees and other income
351,646

 
190,364

 
33,023

 
12,734

 
15,404

 
603,171

Net investment income
192,167

 
45,958

 
14,021

 
57,841

 
10,072

 
320,059

Net realized gains on investments

 

 

 

 
15,954

 
15,954

Amortization of deferred gain on
  disposal of businesses

 

 

 

 
6,500

 
6,500

Total revenues
2,050,894

 
1,296,790

 
1,241,229

 
606,661

 
47,930

 
5,243,504

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits
450,647

 
419,208

 
1,230,086

 
378,500

 

 
2,478,441

Amortization of deferred acquisition
  costs and value of business acquired
541,855

 
158,180

 
7,190

 
15,661

 

 
722,886

Underwriting, general and
  administrative expenses
897,201

 
476,107

 
287,786

 
179,580

 
50,729

 
1,891,403

Interest expense

 

 

 

 
27,556

 
27,556

Total benefits, losses and
  expenses
1,889,703

 
1,053,495

 
1,525,062

 
573,741

 
78,285

 
5,120,286

Segment income (loss) before
  provision (benefit) for income tax
161,191

 
243,295

 
(283,833
)
 
32,920

 
(30,355
)
 
123,218

Provision (benefit) for income taxes
46,017

 
80,674

 
(76,089
)
 
11,504

 
(21,721
)
 
40,385

Segment income (loss) after tax
$
115,174

 
$
162,621

 
$
(207,744
)
 
$
21,416

 
$
(8,634
)
 
 
Net income
 
 
 
 
 
 
 
 
 
 
$
82,833

 
As of December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Segment assets:
$
14,356,484

 
$
3,648,738

 
$
1,437,032

 
$
2,190,808

 
$
8,403,340

 
$
30,036,402