Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

The following tables summarize selected financial information by segment:



	Year Ended December 31, 2016
							Total Corporate & Other
	Global Housing		Global Lifestyle		Global Preneed		Corporate & Other		Health			Total			Employee Benefits (1)		Consolidated
Revenues
Net earned premiums	$	1,829,112	$	2,901,480	$	61,691	$	—	$	37,110		$	37,110		$	177,971	$	5,007,364
Fees and other income	459,689		804,687		109,588		24,418		19,838			44,256			4,244		1,422,464
Net investment income	72,713		113,085		259,755		43,996		8,789			52,785			17,340		515,678
Net realized gains on investments (2)	—		—		—		162,183		—			162,183			—		162,183
Amortization of deferred gains and gains on disposal of businesses (3)	—		—		—		394,513		—			394,513			—		394,513
Gain on pension plan curtailment	—		—		—		29,578		—			29,578			—		29,578
Total revenues	2,361,514		3,819,252		431,034		654,688		65,737			720,425			199,555		7,531,780
Benefits, losses and expenses
Policyholder benefits (4)	828,565		663,781		250,370		—		(52,725		)	(52,725		)	118,481		1,808,472
Amortization of deferred acquisition costs and value of business acquired	238,178		1,045,948		61,330		—		—			—			5,858		1,351,314
Underwriting, general and administrative expenses (5)	1,013,733		1,901,754		55,507		244,496		165,759			410,255			61,507		3,442,756
Interest expense	—		—		—		57,619		—			57,619			—		57,619
Loss on extinguishment of debt	—		—		—		23,031		—			23,031			—		23,031
Total benefits, losses and expenses	2,080,476		3,611,483		367,207		325,146		113,034			438,180			185,846		6,683,192
Segment income (loss) before provision (benefit) for income taxes	281,038		207,769		63,827		329,542		(47,297		)	282,245			13,709		848,588
Provision (benefit) for income taxes	92,372		53,344		21,523		116,983		(6,256		)	110,727			5,272		283,238
Segment income (loss) after taxes	$	188,666	$	154,425	$	42,304	$	212,559	$	(41,041	)	$	171,518		$	8,437
Net income																	$	565,350

Segment assets:	$	3,836,544	$	8,746,994	$	6,421,095	$	10,457,807	$	246,688		$	10,704,495		$	—	$	29,709,128


(1)	Assurant Employee Benefits amounts primarily represent the 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 $382,555 related to the additional deferred gains and gains related to the Assurant Employee Benefits sale on March 1, 2016.

(4)

The presentation of Assurant Health policyholder benefits includes the impact of the total current period net utilization of the premium deficiency reserve of $37,659 for claim costs and claim adjustment expenses included in policyholder benefits, as well as maintenance costs, which are included within underwriting, general and administrative expenses (the net year to date utilization includes a partially offsetting additional premium deficiency charge). In addition, there was favorable claims development experienced through December 31, 2016, in excess of actual benefit expense which is contributing to the credit balance.


(5)	Corporate & Other includes $16,672 intangible asset impairment charge related to trade names that will no longer be used or defended by the Company, and an $23,000 expense related to a post-close adjustment pertaining to an estimated indemnification that will be due on a previous disposition.



	Year Ended December 31, 2015
							Total Corporate & Other
	Global Housing		Global Lifestyle		Global Preneed		Corporate & Other			Health			Total			Employee Benefits		Consolidated
Revenues
Net earned premiums	$	2,044,701	$	2,955,443	$	60,403	$	—		$	2,223,696		$	2,223,696		$	1,066,754	$	8,350,997
Fees and other income	405,545		678,573		107,038		32,682			54,622			87,304			25,006		1,303,466
Net investment income	92,859		126,855		249,828		21,190			24,487			45,677			110,998		626,217
Net realized gains on investments	—		—		—		31,826			—			31,826			—		31,826
Amortization of deferred gains and gains on disposal of businesses	—		—		—		12,988			—			12,988			—		12,988
Total revenues	2,543,105		3,760,871		417,269		98,686			2,302,805			2,401,491			1,202,758		10,325,494
Benefits, losses and expenses
Policyholder benefits	788,549		679,750		239,653		3,150			2,301,241			2,304,391			730,192		4,742,535
Amortization of deferred acquisition costs and value of business acquired	280,492		1,021,984		56,567		—			10,694			10,694			32,836		1,402,573
Underwriting, general and administrative expenses	1,010,445		1,847,776		55,936		127,285			516,726			644,011			365,921		3,924,089
Interest expense	—		—		—		55,116			—			55,116			—		55,116
Total benefits, losses and expenses	2,079,486		3,549,510		352,156		185,551			2,828,661			3,014,212			1,128,949		10,124,313
Segment income (loss) before provision (benefit) for income taxes	463,619		211,361		65,113		(86,865		)	(525,856		)	(612,721		)	73,809		201,181
Provision (benefit) for income taxes	155,914		58,357		20,934		(44,117		)	(157,949		)	(202,066		)	26,487		59,626
Segment income (loss) after taxes	$	307,705	$	153,004	$	44,179	$	(42,748	)	$	(367,907	)	$	(410,655	)	$	47,322
Net income																		$	141,555

Segment assets:	$	3,648,738	$	8,307,338	$	6,049,146	$	8,403,340		$	1,437,032		$	9,840,372		$	2,190,808	$	30,036,402



	Year Ended December 31, 2014
							Total Corporate & Other
	Global Housing		Global Lifestyle		Global Preneed		Corporate & Other			Health			Total			Employee Benefits		Consolidated
Revenues
Net earned premiums	$	2,506,097	$	3,067,775	$	61,093	$	—		$	1,945,452		$	1,945,452		$	1,051,725	$	8,632,142
Fees and other income	301,048		560,806		107,046		685			40,016			40,701			24,204		1,033,805
Net investment income	101,908		128,978		253,662		19,320			35,369			54,689			117,192		656,429
Net realized gains on investments	—		—		—		60,783			—			60,783			—		60,783
Amortization of deferred gains and gains on disposal of businesses	—		—		—		(1,506		)	—			(1,506		)	—		(1,506		)
Total revenues	2,909,053		3,757,559		421,801		79,282			2,020,837			2,100,119			1,193,121		10,381,653
Benefits, losses and expenses
Policyholder benefits	1,085,339		777,568		249,901		—			1,575,633			1,575,633			716,892		4,405,333
Amortization of deferred acquisition costs and value of business acquired	343,314		1,055,590		51,299		—			4,570			4,570			30,785		1,485,558
Underwriting, general and administrative expenses	961,972		1,659,953		63,216		143,078			491,248			634,326			368,763		3,688,230
Interest expense	—		—		—		58,395			—			58,395			—		58,395
Total benefits, losses and expenses	2,390,625		3,493,111		364,416		201,473			2,071,451			2,272,924			1,116,440		9,637,516
Segment income (loss) before provision (benefit) for income taxes	518,428		264,448		57,385		(122,191		)	(50,614		)	(172,805		)	76,681		744,137
Provision (benefit) for income taxes	176,671		87,610		15,275		(47,460		)	13,134			(34,326		)	28,000		273,230
Segment income (loss) after taxes	$	341,757	$	176,838	$	42,110	$	(74,731	)	$	(63,748	)	$	(138,479	)	$	48,681
Net income																		$	470,907

Summary Of Financial Information By Geographic Location

The following table summarizes selected financial information by geographic location for the years ended or as of December 31:



Location	Revenues		Long-lived assets
2016
United States	$	6,239,656	$	336,793
Foreign countries	1,292,124		6,779
Total	$	7,531,780	$	343,572
2015
United States	$	8,917,732	$	293,915
Foreign countries	1,407,762		4,499
Total	$	10,325,494	$	298,414
2014
United States	$	8,874,820	$	272,555
Foreign countries	1,506,833		5,090
Total	$	10,381,653	$	277,645

Summary Of Net Earned Premiums By Segment And Product

The Company’s net earned premiums, fees and other income by segment and product are as follows:



	2016		2015		2014
Global Housing:
Lender-placed insurance	$	1,317,190	$	1,561,396	$	1,849,149
Multi-family housing	320,941		282,680		232,252
Mortgage solutions	329,265		289,575		189,396
Manufactured housing and other	321,405		316,595		536,348
Total	$	2,288,801	$	2,450,246	$	2,807,145
Global Lifestyle:
Global connected living (mobile and service contracts)	$	2,570,143	$	2,550,990	$	2,553,848
Global vehicle protection services	715,794		608,372		503,308
Global credit and other	420,230		474,654		571,425
Total	$	3,706,167	$	3,634,016	$	3,628,581

Global Preneed:	$	171,279	$	167,441	$	168,139

Health (1):	$	56,948	$	2,278,318	$	1,985,468

Employee Benefits (2):	$	182,215	$	1,091,760	$	1,075,929


(1)	Includes individual and small employer group products.


(2)	Includes group disability, group dental, group life and group supplemental and vision products.