8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report: October 27, 2010

Assurant, Inc.

(Exact Name of Registrant as Specified in Charter)

Delaware	001-31978	39-1126612
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

One Chase Manhattan Plaza, 41st Floor New York, New York	10005
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 859-7000

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On October 27, 2010, Assurant, Inc. issued a press release announcing its financial results for the quarter ended September 30, 2010. The text of the press release, attached hereto as Exhibit 99.1, and the financial supplement which accompanied the press release, attached hereto as Exhibit 99.2, are each incorporated by reference into this Item. The press release and financial supplement are furnished and not filed pursuant to instruction B.2 of Form 8-K.

Item 9.01 Financial Statements and Exhibits

Exhibits

99.1	Press Release dated October 27, 2010
99.2	Financial Supplement as of September 30, 2010

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		ASSURANT, INC.
Date:	October 27, 2010	By:	/s/    BART SCHWARTZ
			Bart Schwartz
			Executive Vice President, Chief Legal Officer & Secretary

3

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Assurant Reports Third Quarter 2010 Financial Results

3Q 2010 Net Operating Income of $137.7 million, $1.27 per diluted share,

Net Income of $141.7 million, $1.30 per diluted share

• 9.1 percent growth in NOI driven by improved results in all four businesses

• 11.5 percent annualized operating ROE, excluding AOCI

• $710 million of corporate capital, up from $575 million in 2Q 2010

• 10.4 percent year-to-date growth in book value per diluted share, excluding AOCI

NEW YORK, Oct. 27, 2010 — Assurant, Inc. (“Assurant”) (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today reported results for the third quarter and first nine months of 2010.

“Assurant’s disciplined actions to grow revenues, manage expenses and become more efficient are yielding improved results,” said Robert B. Pollock, Assurant’s president and CEO. “Our businesses are generating strong cash flows and our corporate capital position is continuing to grow. We are well-positioned to deliver sustainable value to our shareholders.”

Third Quarter 2010 Results

Net operating income¹ for the third quarter 2010 increased 9.1 percent to $137.7 million, or $1.27 per diluted share, compared to third quarter 2009 net operating income of $126.2 million, or $1.07 per diluted share. All four businesses – Assurant Solutions, Assurant Specialty Property, Assurant Health and Assurant Employee Benefits – delivered improved results.

Net income for the third quarter 2010 decreased 2.1 percent to $141.7 million, or $1.30 per diluted share, compared to third quarter 2009 net income of $144.7 million, or $1.22 per diluted share. After-tax net realized gains on investments were $4.0 million in the quarter, compared to after-tax net realized gains of $12.9 million in third quarter 2009.

Net earned premiums in the third quarter 2010 decreased 2.2 percent to $1.8 billion from $1.9 billion in third quarter 2009, primarily reflecting a decline in premiums at Assurant Solutions.

Net investment income in the third quarter 2010 increased 1.9 percent to $176.2 million, compared to $172.9 million in third quarter 2009, as an increase in invested assets offset the impact of lower investment yields.

Nine-Month Results

Net operating income for the first nine months of 2010 increased 22.3 percent to $444.3 million, or $3.94 per diluted share, compared to $363.3 million, or $3.07 per diluted share, in 2009. Results in each business produced year-over-year improvement.

Net income for the first nine months of 2010 increased 10.7 percent to $463.6 million, or $4.11 per diluted share, versus $418.6 million, or $3.54 per diluted share year-to-date 2009. After-tax net realized gains on investments were $19.3 million for the first nine months of 2010, compared to net realized losses of $27.3 million for the same period of 2009. Results for the first nine months of 2010 also include a $17.4 million after-tax benefit from a reserve decrease due to a legal settlement. Net income for the first nine months of 2009 included an $83.5 million benefit from a favorable legal settlement and an $8.1 million after-tax legal charge.

Net earned premiums in the first nine months of 2010 were $5.6 billion, down slightly compared with nine-month 2009 results.

Net investment income for the first nine months of 2010 was $525.4 million, down slightly compared to the first nine months of 2009. Lower investment yields offset the impact of an increase in invested assets.

The following chart provides a reconciliation of net operating income to net income for Assurant:

	3Q 2010			3Q 2009			9 Months 2010			9 Months 2009
				(UNAUDITED)
	(dollars in millions, net of tax)
Assurant Solutions	$	32.3		$	31.6		$	91.5		$	89.8
Assurant Specialty Property		106.7			103.2			328.8			299.1
Assurant Health		5.3			(4.8	)		39.0			(0.5	)
Assurant Employee Benefits		16.9			11.5			45.8			30.6
Corporate and other		(17.5	)		(9.8	)		(43.0	)		(39.3	)
Amortization of deferred gain on disposal of businesses		3.9			4.4			11.8			13.2
Interest expense		(9.9	)		(9.9	)		(29.6	)		(29.6	)
Net operating income		137.7			126.2			444.3			363.3
Adjustments:
Net realized gains (losses) on investments		4.0			12.9			19.3			(27.3	)
Change in tax valuation allowance		—			7.0			—			(0.9	)
Legal settlement and related expenses		—			(1.4	)		—			83.5
Net income	$	141.7		$	144.7		$	463.6		$	418.6

A schedule of disclosed items that affected Assurant’s results by business for the last seven quarters is available on page 19 of the Company’s Financial Supplement, which is available at www.assurant.com.

Assurant Solutions

($ in millions)	3Q10		3Q09		% Change		9M10		9M09		% Change
Net Operating Income	$	32.3	$	31.6		2.2	$	91.5	$	89.8		1.9
Net Earned Premiums	$	611.3	$	669.3		-8.7	$	1,886.3	$	1,980.9		-4.8

Net operating income was up for the quarter and first nine months of 2010. The international combined ratio declined for the quarter and year to date, reflecting continued improved loss experience. Results also benefited from the favorable impact of foreign exchange rates. Effective tax rates continue to run higher than in 2009, but decreased from second quarter 2010. The domestic combined ratio increased in the third quarter 2010 due to less favorable loss experience in extended service contracts.

Net earned premiums decreased for the quarter and first nine months of 2010, primarily due to the discontinuation of domestic service contract sales in 2009 from former clients that are no longer in business and continued run-off of domestic credit business. Partially offsetting the decline, international net earned premiums increased for the quarter and first nine months due to new and existing client growth as well as the favorable impact of foreign exchange rates. Preneed fee income increased, reflecting increased sales primarily in Canada.

Assurant Specialty Property

($ in millions)	3Q10		3Q09		% Change		9M10		9M09		% Change
Net Operating Income	$	106.7	$	103.2		3.4	$	328.8	$	299.1		10.0
Net Earned Premiums	$	481.1	$	478.7		0.5	$	1,467.1	$	1,450.3		1.2

Net operating income increased for the quarter and first nine months of 2010 reflecting an improved combined ratio. Third quarter 2010 results include no reportable catastrophes. Results for the first nine months of 2010 include a $7.6 million after-tax favorable unearned premium reserve adjustment and $5.0 million after-tax of reportable catastrophe losses compared to no reportable catastrophes during 2009. Third quarter 2009 results included a $5.9 million favorable after-tax subrogation reimbursement.

Net earned premiums increased slightly for the quarter and first nine months of 2010. The growth in creditor-placed homeowners and other premiums, including creditor-placed flood and renters, was offset by increased ceded premiums and lower real estate-owned premiums. Year-to-date 2010 results include a $13.6 million favorable adjustment from an unearned premium reserve review.

Assurant Health

($ in millions)	3Q10		3Q09			% Change		9M10		9M09			% Change
Net Operating Income (Loss)	$	5.3	$	(4.8	)		NM	$	39.0	$	(0.5	)		NM
Net Earned Premiums	$	467.7	$	470.4			-0.6	$	1,402.9	$	1,411.6			-0.6

NM = Not Meaningful

Net operating income for the third quarter and first nine months of 2010 increased due to improved loss ratios, reflecting pricing and plan design changes implemented to address higher medical utilization trends. Third quarter 2010 results include a $5.0 million after-tax restructuring charge. Third quarter 2009 results included an $8.1 million after-tax legal charge. Results for the first nine months of 2010 benefited from a $17.4 million after-tax reserve decrease due to a legal settlement.

Net earned premiums decreased slightly for the third quarter and first nine months of 2010 due to a decline in small group and short-term medical premiums. Individual medical premiums increased slightly for the third quarter and first nine months of 2010.

Assurant Employee Benefits

($ in millions)	3Q10		3Q09		% Change		9M10		9M09		% Change
Net Operating Income	$	16.9	$	11.5		47.9	$	45.8	$	30.6		49.6
Net Earned Premiums	$	272.4	$	256.0		6.4	$	832.8	$	782.0		6.5

Net operating income for the quarter and first nine months of 2010 increased due to favorable loss experience. Results for the quarter and nine months benefited from very low disability incidence and favorable life mortality rates. Year–to-date results include a $4.4 million after-tax restructuring charge compared to a $1.5 million restructuring charge in 2009.

Net earned premiums increased for the quarter and first nine months of 2010, reflecting both the acquisition of a block of business and reinsurance clients added in the fourth quarter of 2009.

Corporate & Other

($ in millions)	3Q10			3Q09			% Change		9M10			9M09			% Change
Net Operating (Loss)	$	(17.5	)	$	(9.8	)		-80.4	$	(43.0	)	$	(39.3	)		-9.6

Net operating loss in the third quarter and first nine months of 2010 increased primarily due to increases in tax, compensation and pension-related costs.

Capital Position

The Company repurchased 1.2 million of its outstanding common shares for an aggregate purchase price of $44.9 million in the third quarter 2010. Year to date, through Sept. 30, 2010, the company repurchased 10.7 million shares for $369.2 million, with $400.9 million remaining in the repurchase authorization. During the third quarter 2010, corporate capital increased to approximately $710 million from about $575 million at June 30, 2010.

Financial Position

Stockholders’ equity, excluding accumulated other comprehensive income (“AOCI”), increased to $4.9 billion at Sept. 30, 2010, from $4.8 billion at Dec. 31, 2009. The book value per diluted share², excluding AOCI, increased 10.4 percent to $44.67, from $40.47 at Dec. 31, 2009. AOCI of $514.7 million improved by $449 million from Dec. 31, 2009. The annualized operating return on equity (“ROE”) ³ was 11.5 percent for the quarter. As of Sept. 30, 2010, total assets were approximately $27 billion. The ratio of debt to total capital, excluding AOCI, improved to 16.8 percent at Sept. 30, 2010, versus 17 percent at Dec. 31, 2009, while the asset leverage ratio was 2.6 to 1.

Earnings Conference Call

Assurant will host a conference call on Thursday, Oct. 28, 2010 at 8:00 a.m. ET with access available via the Internet and telephone. Investors and analysts may participate in the live conference call by dialing 888-417-8465 (toll-free domestic), or 719-325-2264 (international); pass code: 4724923. Please call to register at least 10 minutes before the conference call begins. A replay of the call will be available for one week via telephone starting at approximately 11:00 a.m. ET on Thursday, Oct. 28, 2010 and can be accessed at 888-203-1112 (toll-free domestic), or 719-457-0820 (international); pass code: 4724923. The webcast will be archived on Assurant’s website at www.assurant.com.

About Assurant

Assurant is a premier provider of specialized insurance products and related services in North America and select worldwide markets. The four key businesses — Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits — partner with clients who are leaders in their industries and build leadership positions in a number of specialty insurance market segments in the U.S. and select worldwide markets. The Assurant business units provide debt protection administration; credit-related insurance; warranties and service contracts; pre-funded funeral insurance; creditor-placed homeowners insurance; manufactured housing homeowners insurance; individual health and small employer group health insurance; group dental insurance; group disability insurance; and group life insurance.

Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $27 billion in assets and $8 billion in annual revenue. Assurant has approximately 14,500 employees worldwide and is headquartered in New York’s financial district. www.assurant.com.

Media Contact:	Investor Relations Contacts:
Vera Carley	Melissa Kivett	Brian D. Koppy
Director, Media Relations and	Senior Vice President	Vice President
Financial Communications	Investor Relations	Investor Relations
Phone: 212-859-7002	Phone: 212-859-7029	Phone: 212-859-7197
Fax: 212-859-5893	Fax: 212-859-5893	Fax: 212-859-5893
vera.carley@assurant.com	melissa.kivett@assurant.com	brian.koppy@assurant.com

Safe Harbor Statement

Some of the statements included in this press release and its exhibits, particularly those anticipating future financial performance, business prospects, growth and operating strategies and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they may use words such as “will,” “anticipate,” “expect,” “estimate,” “project,” “intend,” “plan,” “believe,” “target,” “forecast,” or the negative versions of those words and terms with a similar meaning. Our actual results may differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update any forward-looking statements in this earnings release or the exhibits as a result of new information or future events or developments.

The following risk factors could cause our actual results to differ materially from those currently estimated by management: (i) the effects of the Patient Protection and Affordable Care Act and the rules and regulations thereunder on our health and employee benefits businesses; (ii) factors, including the effects of health care reform and the relationship between the Company’s market capitalization and its book value, that could result in a material impairment of goodwill on the company’s balance sheet; (iii) loss of significant client relationships, distribution sources and contracts; (iv) failure to attract and retain sales representatives; (v) losses due to natural and man-made catastrophes; (vi) a decline in our credit or financial strength ratings (including the risk of ratings downgrades in the insurance industry); (vii) unfavorable outcomes in litigation and/or regulatory investigations that could negatively affect our business and reputation; (viii) current or new laws and regulations that could increase our costs and/or decrease our revenues; (ix) general global economic, financial market and political conditions (including difficult conditions in financial, capital and credit markets, the global economic slowdown, fluctuations in interest rates, mortgage rates, monetary policies, unemployment and inflationary pressure); (x) inadequacy of reserves established for future claims losses; (xi) failure to predict or manage benefits, claims and other costs; (xii) increases or decreases in tax valuation allowances; (xiii) fluctuations in exchange rates and other risks related to our international operations; (xiv) unavailability, inadequacy and unaffordable pricing of reinsurance coverage; (xv) diminished value of invested assets in our investment portfolio (due to, among other things, volatility in financial markets, the global economic slowdown, credit and liquidity risk, other than temporary impairments and inability to target an appropriate overall risk level); (xvi) insolvency of third parties to whom we have sold or may sell businesses through reinsurance or modified co-insurance; (xvii) inability of reinsurers to meet their obligations; (xviii) credit risk of some of our agents in Assurant Specialty Property and Assurant Solutions; (xix) failure to effectively maintain and modernize our information systems; (xx) failure to protect client information and privacy; (xxi) failure to find and integrate suitable acquisitions and new insurance ventures; (xxii) inability of our subsidiaries to pay sufficient dividends; (xxiii) failure to provide for succession of senior management and key executives; and (xxiv) significant competitive pressures in our businesses and cyclicality of the insurance industry. For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to, our 2009 Annual Report on Form 10-K, Second Quarter 2010 Form 10-Q and upcoming Third Quarter 2010 Form 10-Q, as filed with the SEC.

Non-GAAP Financial Measures

Assurant uses the following non-GAAP financial measures to analyze the Company’s operating performance for the periods presented in this press release. Because Assurant’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing Assurant’s non-GAAP financial measures to those of other companies.

(1) Assurant uses net operating income as an important measure of the Company’s operating performance. As shown in the Reconciliation of Net Operating Income to Net Income for Assurant chart , net operating income equals net income excluding net realized gains (losses) on investments and other unusual and/or infrequent items. The Company believes net operating income provides investors a valuable measure of the performance of the Company’s ongoing business, because it excludes both the effect of net realized gains (losses) on investments that tend to be highly variable from period to period, and those events that are unusual and/or unlikely to recur.

(2) Assurant uses book value per diluted share excluding AOCI, as an important measure of the Company’s stockholder value. Book value per diluted share excluding AOCI equals total stockholders’ equity excluding AOCI divided by diluted shares outstanding. The company believes book value per diluted share excluding AOCI provides investors a valuable measure of stockholder value because it excludes the effect of unrealized gains (losses) on investments, which tend to be highly variable from period to period and other accumulated comprehensive income items. The comparable GAAP measure for this included measure would be book value per diluted share, defined as total stockholders’ equity divided by diluted shares outstanding. Book value per diluted share was $49.41 as of Sept. 30, 2010, as shown in the reconciliation table below.

	3Q 2010
Book value per diluted share (excluding AOCI)	$	44.67
Change due to effect of including AOCI	$	4.74
Book value per diluted share	$	49.41

(3) Assurant uses annualized operating return on equity (“ROE”) as an important measure of the Company’s operating performance. Annualized operating ROE equals net operating income for the periods presented divided by average stockholders’ equity for the year-to-date period, excluding accumulated other comprehensive income (“AOCI”), and then the return is annualized, if necessary. The Company believes annualized operating ROE provides investors a valuable measure of the performance of the Company’s ongoing business, because it excludes the effect of net realized gains (losses) on investments that tend to be highly variable and those events that are unusual and/or unlikely to recur. The comparable GAAP measure for this included measure would be annualized GAAP return on equity, defined as the annualized return of net income divided by average stockholders’ equity for the period. Consolidated annualized GAAP ROE for the three months and nine months ended Sept.30, 2010 was 10.9 percent and 12.1 percent, respectively, as shown in the following reconciliation table.

	3Q 2010			Nine Months 2010
Annualized operating return on average equity (excluding AOCI)		11.5	%		12.3	%
Net realized gains on investments		0.3	%		0.5	%
Change due to effect of including AOCI		-0.9	%		-0.7	%
Annualized GAAP return on average equity		10.9	%		12.1	%

A summary of net operating income disclosed items is included on page 19 of the Company’s Financial Supplement, which is available at www.assurant.com.

Assurant, Inc. and Subsidiaries

Consolidated Statement of Operations (unaudited)

Three and Nine Months Ended Sept. 30, 2010 and 2009

	3Q		3Q		Nine Months
	2010		2009		2010		2009
	(in thousands except number of shares and per share amounts)
Revenues
Net earned premiums and other considerations	$	1,832,514	$	1,874,398	$	5,589,052	$	5,624,843
Net investment income		176,170		172,924		525,380		526,335
Net realized gains (losses) on investments		6,043		19,866		29,668		(41,965	)
Amortization of deferred gain on disposal of businesses		6,024		6,802		18,129		20,354
Fees and other income		93,220		82,883		259,892		388,792
Total revenues		2,113,971		2,156,873		6,422,121		6,518,359
Benefits, losses and expenses
Policyholder benefits		913,253		941,145		2,746,565		2,890,889
Selling, underwriting, general and administrative expenses		958,824		991,502		2,901,518		2,933,510
Interest expense		15,162		15,160		45,484		45,509
Total benefits, losses and expenses		1,887,239		1,947,807		5,693,567		5,869,908
Income before provision for income taxes		226,732		209,066		728,554		648,451
Provision for income taxes		85,062		64,336		264,986		229,818
Net income	$	141,670	$	144,730	$	463,568	$	418,633
Net income per share:
Basic	$	1.31	$	1.22	$	4.13	$	3.54
Diluted	$	1.30	$	1.22	$	4.11	$	3.54
Dividends per share	$	0.16	$	0.15	$	0.47	$	0.44
Share data:
Basic weighted average shares outstanding		107,806,207		118,184,367		112,137,558		118,187,358
Diluted weighted average shares outstanding		108,584,282		118,291,841		112,791,123		118,261,464

Assurant, Inc. and Subsidiaries

Consolidated Condensed Balance Sheets (unaudited)

At Sept. 30, 2010 (unaudited) and Dec. 31, 2009

	September 30, 2010		December 31, 2009
	(in thousands)
Assets
Investments and cash and cash equivalents	$	15,068,433	$	14,476,384
Reinsurance recoverables		4,931,151		4,231,734
Deferred acquisition costs		2,432,990		2,504,654
Goodwill		926,195		926,398
Assets held in separate accounts		1,890,221		1,972,332
Other assets		1,596,344		1,749,165
Total assets		26,845,334		25,860,667
Liabilities
Policyholder benefits and claims payable		11,445,170		10,715,960
Unearned premiums		4,964,668		5,153,564
Debt		972,137		972,058
Mandatorily redeemable preferred stock		8,160		8,160
Liabilities related to separate accounts		1,890,221		1,972,332
Deferred gain on disposal of businesses		146,770		164,899
Accounts payable and other liabilities		2,051,667		2,020,445
Total liabilities		21,478,793		21,007,418
Stockholders’ equity
Equity, excluding accumulated other comprehensive income		4,851,870		4,787,324
Accumulated other comprehensive income		514,671		65,925
Total stockholders’ equity		5,366,541		4,853,249
Total liabilities and stockholders’ equity	$	26,845,334	$	25,860,667

EX-99.2

Exhibit 99.2

Assurant, Inc. (AIZ)

Financial Supplement as of September 30, 2010

ASSURANT, INC.

FINANCIAL SUPPLEMENT

(UNAUDITED)

AS OF SEPTEMBER 30, 2010

	Page:
INDEX TO SUPPLEMENT
SAFE HARBOR STATEMENT		1
REGULATION G - NON GAAP FINANCIAL MEASURES		1
SUMMARY FINANCIAL HIGHLIGHTS		2
SEGMENTED CONDENSED BALANCE SHEETS		4
RECONCILIATION OF NET OPERATING INCOME TO NET INCOME		5
CONSOLIDATED CONDENSED STATEMENT OF OPERATIONS AND SELECTED DATA		6
CONDENSED SEGMENT STATEMENTS OF OPERATIONS AND SELECTED DATA		8
INVESTMENTS		16
INVESTMENT RESULTS BY ASSET CATEGORY & ANNUALIZED YIELDS		18
SUMMARY OF NET OPERATING INCOME DISCLOSED ITEMS		19
RATINGS SUMMARY		20
EXHIBIT I - COMMERCIAL MORTGAGE LOANS SUMMARY		21
EXHIBIT II - TOP 10 FOREIGN GOVERNMENT EXPOSURES		22

CONTACT INFORMATION
Corporate Headquarters Address:	Investor Inquiries:
One Chase Manhattan Plaza	Melissa Kivett	Brian Koppy
New York, New York 10005	Senior Vice President	Vice President
212-859-7000	Investor Relations	Investor Relations
	212-859-7029	212-859-7197
Website Address:	melissa.kivett@assurant.com	brian.koppy@assurant.com
www.assurant.com

About Assurant:

Assurant is a premier provider of specialized insurance products and related services in North America and select worldwide markets. The four key businesses – Assurant Solutions; Assurant Specialty Property; Assurant Health; and Assurant Employee Benefits – have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments in the U.S. and selected international markets. The Assurant business units provide debt protection administration; credit-related insurance; warranties and service contracts; pre-funded funeral insurance; creditor-placed homeowners insurance; manufactured housing homeowners insurance; individual health and small employer group health insurance; group dental insurance; group disability insurance; and group life insurance.

Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $27 billion in assets and $8 billion in annual revenue. Assurant has approximately 14,500 employees worldwide and is headquartered in New York’s financial district. www.assurant.com.

Safe Harbor Statement:

Some of the statements included in this financial supplement and its exhibits, particularly those anticipating future financial performance, business prospects, growth and operating strategies and similar matters, are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they may use words such as “will,” “anticipate,” “expect,” “estimate,” “project,” “intend,” “plan,” “believe,” “target,” “forecast,” or the negative versions of those words and terms with a similar meaning. Our actual results may differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update any forward-looking statements in this financial supplement or its exhibits as a result of new information or future events or developments.

The following risk factors could cause our actual results to differ materially from those currently estimated by management: (i) the effects of the Patient Protection and Affordable Care Act and the rules and regulations thereunder on our health and employee benefits businesses; (ii) factors, including the effects of health care reform and the relationship between the Company’s market capitalization and its book value, that could result in a material impairment of goodwill on the company’s balance sheet; (iii) loss of significant client relationships, distribution sources and contracts; (iv) failure to attract and retain sales representatives; (v) losses due to natural and man-made catastrophes; (vi) a decline in our credit or financial strength ratings (including the risk of ratings downgrades in the insurance industry); (vii) unfavorable outcomes in litigation and/or regulatory investigations that could negatively affect our business and reputation; (viii) current or new laws and regulations that could increase our costs and/or decrease our revenues; (ix) general global economic, financial market and political conditions (including difficult conditions in financial, capital and credit markets, the global economic slowdown, fluctuations in interest rates, mortgage rates, monetary policies, unemployment and inflationary pressure); (x) inadequacy of reserves established for future claims losses; (xi) failure to predict or manage benefits, claims and other costs; (xii) increases or decreases in tax valuation allowances; (xiii) fluctuations in exchange rates and other risks related to our international operations; (xiv) unavailability, inadequacy and unaffordable pricing of reinsurance coverage; (xv) diminished value of invested assets in our investment portfolio (due to, among other things, volatility in financial markets, the global economic slowdown, credit and liquidity risk, other than temporary impairments and inability to target an appropriate overall risk level); (xvi) insolvency of third parties to whom we have sold or may sell businesses through reinsurance or modified co-insurance; (xvii) inability of reinsurers to meet their obligations; (xviii) credit risk of some of our agents in Assurant Specialty Property and Assurant Solutions; (xix) failure to effectively maintain and modernize our information systems; (xx) failure to protect client information and privacy; (xxi) failure to find and integrate suitable acquisitions and new insurance ventures; (xxii) inability of our subsidiaries to pay sufficient dividends; (xxiii) failure to provide for succession of senior management and key executives; and (xxiv) significant competitive pressures in our businesses and cyclicality of the insurance industry. For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to, our 2009 Annual Report on Form 10-K and upcoming September 30, 2010 Form 10-Q, as filed with the SEC.

Regulation G – Non GAAP Financial Measures

Assurant uses the following non-GAAP financial measures to analyze the Company’s operating performance for the periods presented in this financial supplement. Because Assurant’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing Assurant’s non-GAAP financial measures to those of other companies.

(1) Assurant uses net operating income as an important measure of the Company’s operating performance. Net operating income equals net income, excluding net realized gains (losses) on investments and unusual and/or infrequent items. The Company believes net operating income provides investors a valuable measure of the performance of the Company’s ongoing business, because it excludes both the effect of net realized gains (losses) on investments that tend to be highly variable from period to period, and those events that are unusual and/or unlikely to recur. Please refer to page 5 for a reconciliation of net operating income to net income.

(2) Assurant uses annualized operating ROE as an important measure of the Company’s operating performance. Annualized operating ROE equals net operating income for the periods presented divided by average stockholders’ equity for the year to date period, excluding accumulated other comprehensive income ("AOCI"), and then the return is annualized, if necessary. The Company believes annualized operating ROE provides investors a valuable measure of the performance of the Company’s ongoing business, because it excludes the effect of net realized gains (losses) on investments that tend to be highly variable and those events that are unusual and/or unlikely to recur. The comparable GAAP measure would be annualized GAAP return on equity, defined as the annualized return of net income divided by average stockholders’ equity for the period. Consolidated GAAP ROE for the three months ended September 30, 2010 and 2009 was 10.9% and 12.5%, respectively, and for the nine months ended September 30, 2010 and 2009 was 12.1% and 13.0%, respectively. Segment ROEs are measured consistently with GAAP. Please refer to page 6 for the reconciliation of annualized operating ROE to annualized GAAP return on average equity.

(3) Assurant uses book value per diluted share excluding AOCI as an important measure of the Company’s stockholder value. Book value per diluted share excluding AOCI equals total stockholders’ equity excluding AOCI divided by diluted shares outstanding. The company believes book value per diluted share excluding AOCI provides investors a valuable measure of stockholder value because it excludes the effect of unrealized gains (losses) on investments which tend to be highly variable from period to period and other comprehensive income items. The comparable GAAP measure would be book value per diluted share defined as total stockholders’ equity divided by diluted shares outstanding. Book value per diluted share was $49.41 as of September 30, 2010, as shown in the reconciliation below.

	As of September 30, 2010
Book value per diluted share (excluding AOCI)	$	44.67
Change due to effect of including AOCI		4.74
Book value per diluted share	$	49.41

1

Assurant, Inc.

Summary Financial Highlights

(Unaudited)

	2010		2009			Nine Months
($ in thousands, except number of shares and per share amounts)	3Q		3Q			2010		2009
Net operating income (1)	$	137,742	$	126,228		$	444,284	$	363,304
Net realized gains (losses) on investments		3,928		12,913			19,284		(27,277	)
Change in tax valuation allowance		—		7,043			—		(936	)
Legal settlement and related expenses		—		(1,454	)		—		83,542
Net income	$	141,670	$	144,730		$	463,568	$	418,633
Total revenues	$	2,113,971	$	2,156,873		$	6,422,121	$	6,518,359
PER SHARE AND SHARE DATA:
Basic earnings per common share
Net operating income	$	1.28	$	1.07		$	3.96	$	3.07
Net income	$	1.31	$	1.22		$	4.13	$	3.54
Weighted average common shares outstanding - basic		107,806,207		118,184,367			112,137,558		118,187,358
Diluted earnings per common share
Net operating income	$	1.27	$	1.07		$	3.94	$	3.07
Net income	$	1.30	$	1.22		$	4.11	$	3.54
Weighted average common shares outstanding - diluted		108,584,282		118,291,841			112,791,123		118,261,464

(1) See Footnote (1) in Regulation G - Non GAAP Financial Measures on page 1.

2

Assurant, Inc.

Summary Financial Highlights (continued)

(Unaudited)

($ in thousands, except number of shares and per share amounts)	2010									2009
	3Q			2Q			1Q			4Q			3Q			2Q			1Q
Total assets	$	26,845,334		$	26,115,330		$	26,238,814		$	25,860,667		$	25,665,578		$	24,822,474		$	23,820,644
Total stockholders’ equity	$	5,366,541		$	5,038,168		$	4,973,585		$	4,853,249		$	4,903,449		$	4,364,577		$	3,670,322
Total stockholders’ equity (excluding AOCI)	$	4,851,870		$	4,760,017		$	4,819,547		$	4,787,324		$	4,781,088		$	4,676,177		$	4,452,650
Basic book value per share	$	49.87		$	46.35		$	43.36		$	41.27		$	41.71		$	36.83		$	30.99
Basic book value per share (excluding AOCI)	$	45.08		$	43.79		$	42.02		$	40.71		$	40.66		$	39.46		$	37.60
Shares outstanding for basic book value per share calculation		107,617,921			108,703,559			114,705,703			117,591,250			117,572,997			118,494,717			118,432,367
Diluted book value per share	$	49.41		$	45.95		$	43.16		$	41.03		$	41.61		$	36.76		$	30.98
Diluted book value per share (excluding AOCI) (1)	$	44.67		$	43.42		$	41.82		$	40.47		$	40.57		$	39.38		$	37.58
Shares outstanding for diluted book value per share calculation		108,612,511			109,635,918			115,243,238			118,293,293			117,854,377			118,736,239			118,477,818
Debt to total capital ratio (excluding AOCI)		16.8	%		17.1	%		16.9	%		17.0	%		17.0	%		17.3	%		18.0	%

(1) See Footnote (3) in Regulation G - Non GAAP Financial Measures on page 1.

3

Assurant, Inc.

Segmented Condensed Balance Sheets

(Unaudited)

		At September 30, 2010
	Solutions		Specialty Property		Health		Employee Benefits		Corporate & Other(1)		Consolidated
	($ in thousands)
Assets
Investments and cash and cash equivalents	$	7,292,988	$	2,303,560	$	992,666	$	2,311,412	$	2,167,807	$	15,068,433
Reinsurance recoverables		629,700		439,739		7,610		13,414		3,840,688		4,931,151
Deferred acquisition costs		2,199,340		204,820		5,017		23,813				2,432,990
Goodwill		—		—		—		—		926,195		926,195
Assets held in separate accounts		220,140		—		—		—		1,670,081		1,890,221
Other assets		736,964		401,399		59,291		191,291		207,399		1,596,344
Total assets	$	11,079,132	$	3,349,518	$	1,064,584	$	2,539,930	$	8,812,170	$	26,845,334
Liabilities
Policyholder benefits and claims payable	$	4,877,989	$	375,668	$	451,839	$	1,697,677	$	4,041,997	$	11,445,170
Unearned premiums		3,447,463		1,337,699		125,321		10,876		43,309		4,964,668
Debt		—		—		—				972,137		972,137
Mandatorily redeemable preferred stock		—		—		—		—		8,160		8,160
Liabilities related to separate accounts		220,140		—		—		—		1,670,081		1,890,221
Deferred gain on disposal of businesses		—		—		—		—		146,770		146,770
Accounts payable and other liabilities		1,032,050		382,914		116,185		234,929		285,589		2,051,667
Total liabilities		9,577,642		2,096,281		693,345		1,943,482		7,168,043		21,478,793
Stockholders’ equity
Equity, excluding accumulated other comprehensive income		1,501,490		1,253,237		371,239		596,448		1,129,456		4,851,870
Accumulated other comprehensive income		—		—		—		—		514,671		514,671
Total stockholders’ equity		1,501,490		1,253,237		371,239		596,448		1,644,127		5,366,541
Total liabilities and stockholders’ equity	$	11,079,132	$	3,349,518	$	1,064,584	$	2,539,930	$	8,812,170	$	26,845,334
	At December 31, 2009
	Solutions		Specialty Property		Health		Employee Benefits		Corporate & Other(1)		Consolidated
	($ in thousands)
Assets
Investments and cash and cash equivalents	$	7,393,989	$	2,287,688	$	954,132	$	2,343,922	$	1,496,653	$	14,476,384
Reinsurance recoverables		689,800		333,389		7,251		21,589		3,179,705		4,231,734
Deferred acquisition costs		2,257,568		214,300		8,338		24,448		—		2,504,654
Goodwill		—		—		—		—		926,398		926,398
Assets held in separate accounts		219,166		—		—		—		1,753,166		1,972,332
Other assets		546,271		355,240		108,846		131,708		607,100		1,749,165
Total assets	$	11,106,794	$	3,190,617	$	1,078,567	$	2,521,667	$	7,963,022	$	25,860,667
Liabilities
Policyholder benefits and claims payable	$	4,772,514	$	345,109	$	491,899	$	1,718,623	$	3,387,815	$	10,715,960
Unearned premiums		3,655,942		1,315,881		124,515		15,721		41,505		5,153,564
Debt		—		—		—		—		972,058		972,058
Mandatorily redeemable preferred stock		—		—		—		—		8,160		8,160
Liabilities related to separate accounts		219,166		—		—		—		1,753,166		1,972,332
Deferred gain on disposal of businesses		—		—		—		—		164,899		164,899
Accounts payable and other liabilities		805,355		344,829		152,947		250,282		467,032		2,020,445
Total liabilities		9,452,977		2,005,819		769,361		1,984,626		6,794,635		21,007,418
Stockholders’ equity
Equity, excluding accumulated other comprehensive income		1,653,817		1,184,798		309,206		537,041		1,102,462		4,787,324
Accumulated other comprehensive income		—		—		—		—		65,925		65,925
Total stockholders’ equity		1,653,817		1,184,798		309,206		537,041		1,168,387		4,853,249
Total liabilities and stockholders’ equity	$	11,106,794	$	3,190,617	$	1,078,567	$	2,521,667	$	7,963,022	$	25,860,667

(1) Corporate & Other includes all accumulated other comprehensive income/loss and goodwill as well as reinsurance recoverables and separate accounts related to the sale of businesses by reinsurance.

4

Assurant, Inc.

Reconciliation of Net Operating Income to Net Income

(Unaudited)

	2010									2009												Nine Months
($ in thousands, net of tax)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Assurant Solutions	$	32,333		$	30,323		$	28,866		$	30,203		$	31,644		$	27,894		$	30,311		$	91,522		$	89,849
Assurant Specialty Property		106,653			103,717			118,478			106,944			103,157			91,228			104,668			328,848			299,053
Assurant Health		5,340			25,300			8,369			(29,715	)		(4,847	)		(10,330	)		14,672			39,009			(505	)
Assurant Employee Benefits		16,932			12,393			16,467			11,556			11,450			12,128			7,022			45,792			30,600
Corporate and other		(17,577	)		(13,568	)		(11,962	)		(8,938	)		(9,743	)		(16,157	)		(13,442	)		(43,107	)		(39,342	)
Amortization of deferred gains on disposal of businesses		3,916			3,916			3,953			1,370			4,421			4,388			4,421			11,785			13,230
Interest expense		(9,855	)		(9,855	)		(9,855	)		(9,854	)		(9,854	)		(9,854	)		(9,873	)		(29,565	)		(29,581	)
Net operating income		137,742			152,226			154,316			101,566			126,228			99,297			137,779			444,284			363,304
Adjustments:
Net realized gains (losses) on investments		3,928			12,449			2,907			(7,561	)		12,913			(3,992	)		(36,198	)		19,284			(27,277	)
Change in tax valuation allowance		—			—			—			936			7,043			13,021			(21,000	)		—			(936	)
Legal settlement and related expenses		—			—			—			—			(1,454	)		84,996			—			—			83,542
Goodwill impairment		—			—			—			(83,000	)		—			—			—			—			—
Net income	$	141,670		$	164,675		$	157,223		$	11,941		$	144,730		$	193,322		$	80,581		$	463,568		$	418,633

5

Assurant, Inc.

Consolidated Condensed Statements of Operations

(Unaudited)

($ in thousands, except per share data)	2010									2009												Nine Months
	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Revenues:
Net earned premiums and other considerations	$	1,832,514		$	1,849,895		$	1,906,643		$	1,925,492		$	1,874,398		$	1,875,866		$	1,874,579		$	5,589,052		$	5,624,843
Net investment income		176,170			175,196			174,014			172,503			172,924			174,932			178,479			525,380			526,335
Net realized gains (losses) on investments		6,043			19,152			4,473			(11,632	)		19,866			(6,142	)		(55,689	)		29,668			(41,965	)
Amortization of deferred gains on disposal of businesses		6,024			6,024			6,081			2,107			6,802			6,750			6,802			18,129			20,354
Fees and other income		93,220			90,027			76,645			93,672			82,883			222,203			83,706			259,892			388,792
		2,113,971			2,140,294			2,167,856			2,182,142			2,156,873			2,273,609			2,087,877			6,422,121			6,518,359
Benefits, losses and expenses:
Policyholder benefits		913,253			905,316			927,996			977,093			941,145			989,402			960,342			2,746,565			2,890,889
Selling, underwriting, general and administrative expenses		958,824			966,361			976,333			1,045,734			991,502			987,529			954,479			2,901,518			2,933,510
Goodwill impairment		—			—			—			83,000			—			—			—			—			—
Interest expense		15,162			15,161			15,161			15,160			15,160			15,160			15,189			45,484			45,509
		1,887,239			1,886,838			1,919,490			2,120,987			1,947,807			1,992,091			1,930,010			5,693,567			5,869,908
Income before provision for income taxes		226,732			253,456			248,366			61,155			209,066			281,518			157,867			728,554			648,451
Provision for income taxes		85,062			88,781			91,143			49,214			64,336			88,196			77,286			264,986			229,818
Net income	$	141,670		$	164,675		$	157,223		$	11,941		$	144,730		$	193,322		$	80,581		$	463,568		$	418,633
Diluted per share data:
Net operating income per diluted share	$	1.27		$	1.35		$	1.32		$	0.86		$	1.07		$	0.84		$	1.17		$	3.94		$	3.07
Book value per diluted share (excluding AOCI)	$	44.67		$	43.42		$	41.82		$	40.47		$	40.57		$	39.38		$	37.58		$	44.67		$	40.57
Computation of return on average equity measures:
Numerator:
Net operating income	$	137,742		$	152,226		$	154,316		$	101,566		$	126,228		$	99,297		$	137,779		$	444,284		$	363,304
Net income		141,670			164,675			157,223			11,941			144,730			193,322			80,581			463,568			418,633
Denominator:
Average equity, excluding AOCI	$	4,805,944		$	4,789,782		$	4,803,435			4,784,207			4,728,633			4,564,413			4,416,551			4,819,598			4,580,770
Add: Average AOCI		396,411			216,095			109,982			94,143			(94,620	)		(546,964	)		(726,637	)		290,298			(274,293	)
Average equity, including AOCI	$	5,202,355		$	5,005,877		$	4,913,417		$	4,878,350		$	4,634,013		$	4,017,449		$	3,689,914		$	5,109,896		$	4,306,477
Annualized operating return on average equity (excluding AOCI) (1)		11.5	%		12.7	%		12.9	%		8.5	%		10.7	%		8.7	%		12.5	%		12.3	%		10.6	%
Annualized GAAP return on average equity		10.9	%		13.2	%		12.8	%		1.0	%		12.5	%		19.2	%		8.7	%		12.1	%		13.0	%
Annualized operating return on average equity (excluding AOCI) (1)		11.5	%		12.7	%		12.9	%		8.5	%		10.7	%		8.7	%		12.5	%		12.3	%		10.6	%
Net realized gains (losses) on investments		0.3	%		1.1	%		0.2	%		-0.6	%		1.1	%		-0.3	%		-3.3	%		0.5	%		-0.8	%
Change in tax valuation allowance		—			—			—			0.1	%		0.6	%		1.1	%		-1.9	%		—			—
Legal settlement and related expenses		—			—			—			—			-0.1	%		7.4	%		—			—			2.4	%
Goodwill impairment		—			—			—			-6.8	%		—			—			—			—			—
Change due to effect of including AOCI		-0.9	%		-0.6	%		-0.3	%		-0.2	%		0.2	%		2.3	%		1.4	%		-0.7	%		0.8	%
Annualized GAAP return on average equity		10.9	%		13.2	%		12.8	%		1.0	%		12.5	%		19.2	%		8.7	%		12.1	%		13.0	%

(1) See Footnote (2) Regulation G - Non GAAP Financial Measures on page 1.

6

Assurant, Inc.

Consolidated Condensed Statements of Operations (continued)

(Unaudited)

($ in thousands, except per share data and closing stock price)	2010									2009												Nine Months
	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Share repurchases:
Shares repurchased		1,237,000			6,066,216			3,426,469			—			1,122,050			—			—			10,729,685			1,122,050
Average repurchase price per share	$	36.27		$	35.46		$	31.86		$	—		$	28.47		$	—		$	—		$	34.41		$	28.47
Total cost of share repurchase	$	44,866		$	215,110		$	109,184		$	—		$	31,948		$	—		$	—		$	369,160		$	31,948
AIZ Closing stock price (NYSE)	$	40.70		$	34.70		$	34.38		$	29.48		$	32.06		$	24.09		$	21.78		$	40.70		$	32.06
Investment yield (2)		5.05	%		5.02	%		4.98	%		4.96	%		5.08	%		5.23	%		5.32	%		5.01	%		5.19	%

(2) Investment yield excludes investment (loss) income from real estate joint venture partnerships.

7

Assurant Solutions

Condensed Statements of Operations

(Unaudited)

	2010						2009								Nine Months
($ in thousands)	3Q		2Q		1Q		4Q		3Q		2Q		1Q		2010		2009
Revenues:
Net earned premiums and other considerations	$	611,264	$	629,682	$	645,364	$	690,150	$	669,344	$	666,935	$	644,612	$	1,886,310	$	1,980,891
Net investment income		99,084		98,956		98,453		98,447		97,681		97,106		97,995		296,493		292,782
Fees and other income		59,090		54,580		45,712		62,466		50,093		51,960		52,031		159,382		154,084
		769,438		783,218		789,529		851,063		817,118		816,001		794,638		2,342,185		2,427,757
Benefits, losses and expenses:
Policyholder benefits		223,597		228,776		227,631		246,871		248,933		261,325		272,022		680,004		782,280
Selling, underwriting, general and administrative expenses		496,032		503,172		511,090		550,139		520,217		509,388		475,604		1,510,294		1,505,209
		719,629		731,948		738,721		797,010		769,150		770,713		747,626		2,190,298		2,287,489
Income before provision for income taxes		49,809		51,270		50,808		54,053		47,968		45,288		47,012		151,887		140,268
Provision for income taxes		17,476		20,947		21,942		23,850		16,324		17,394		16,701		60,365		50,419
Net operating income	$	32,333	$	30,323	$	28,866	$	30,203	$	31,644	$	27,894	$	30,311	$	91,522	$	89,849
Net earned premiums and other considerations:
Domestic:
Credit	$	46,791	$	47,343	$	50,928	$	53,050	$	59,562	$	62,740	$	65,941	$	145,062	$	188,243
Service contracts		313,861		336,043		339,096		362,404		348,258		354,783		346,508		989,000		1,049,549
Other		11,677		12,723		12,213		23,835		24,471		22,054		14,579		36,613		61,104
Total Domestic		372,329		396,109		402,237		439,289		432,291		439,577		427,028		1,170,675		1,298,896
International:
Credit		87,901		83,360		86,739		85,711		80,743		79,835		74,173		258,000		234,751
Service contracts		116,049		109,275		117,189		122,053		108,458		97,280		87,903		342,513		293,641
Other		4,217		5,261		4,106		3,939		4,025		4,107		3,660		13,584		11,792
Total International		208,167		197,896		208,034		211,703		193,226		181,222		165,736		614,097		540,184
Preneed:
Domestic and international		25,439		27,112		29,045		33,374		37,123		39,229		44,486		81,596		120,838
Domestic independent runoff		5,329		8,565		6,048		5,784		6,704		6,907		7,362		19,942		20,973
Total Preneed		30,768		35,677		35,093		39,158		43,827		46,136		51,848		101,538		141,811
Total	$	611,264	$	629,682	$	645,364	$	690,150	$	669,344	$	666,935	$	644,612	$	1,886,310	$	1,980,891
Fees and other income:
Domestic:
Debt protection	$	7,541	$	8,434	$	9,636	$	10,014	$	10,541	$	10,232	$	9,271	$	25,611	$	30,044
Service contracts		29,216		27,509		23,156		28,249		23,384		23,068		27,709		79,881		74,161
Other		2,127		2,108		2,555		4,551		4,443		5,593		3,947		6,790		13,983
Total Domestic		38,884		38,051		35,347		42,814		38,368		38,893		40,927		112,282		118,188
International		7,561		6,920		6,395		6,928		7,400		7,330		6,072		20,876		20,802
Preneed		12,645		9,609		3,970		12,724		4,325		5,737		5,032		26,224		15,094
Total	$	59,090	$	54,580	$	45,712	$	62,466	$	50,093	$	51,960	$	52,031	$	159,382	$	154,084

8

Assurant Solutions

Condensed Statements of Operations (continued)

(Unaudited)

	2010									2009												Nine Months
($ in thousands)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Gross written premiums:
Domestic:
Credit	$	109,389		$	107,259		$	103,870		$	120,139		$	134,597		$	136,450		$	135,346		$	320,518		$	406,393
Service contracts		272,044			291,426			277,729			261,165			259,316			245,306			246,883			841,199			751,505
Other		17,014			15,293			14,918			18,842			14,210			43,985			15,074			47,225			73,269
Total Domestic		398,447			413,978			396,517			400,146			408,123			425,741			397,303			1,208,942			1,231,167
International:
Credit		238,510			240,348			246,532			252,660			221,581			197,605			171,379			725,390			590,565
Service contracts		129,984			110,116			121,292			139,144			118,256			98,494			107,070			361,392			323,820
Other		5,159			6,330			5,216			6,794			7,652			6,734			5,387			16,705			19,773
Total International		373,653			356,794			373,040			398,598			347,489			302,833			283,836			1,103,487			934,158
Total	$	772,100		$	770,772		$	769,557		$	798,744		$	755,612		$	728,574		$	681,139		$	2,312,429		$	2,165,325
Foreign currency translation (FX) impact (1):
Gross written premiums:
Including FX impact		2.18	%		5.79	%		12.98	%		-5.04	%		-16.29	%		-19.05	%		-23.85	%		6.79	%		-19.72	%
FX impact		2.05	%		4.37	%		6.23	%		3.24	%		-3.12	%		-5.03	%		-6.83	%		4.15	%		-4.99	%
Excluding FX impact		0.13	%		1.42	%		6.75	%		-8.28	%		-13.17	%		-14.02	%		-17.02	%		2.64	%		-14.73	%
Net earned premiums:
Including FX impact		-8.68	%		-5.59	%		0.12	%		-4.43	%		-5.34	%		-4.81	%		-5.69	%		-4.77	%		-5.28	%
FX impact		0.90	%		2.25	%		3.32	%		1.63	%		-2.64	%		-3.76	%		-5.37	%		2.14	%		-3.91	%
Excluding FX impact		-9.58	%		-7.84	%		-3.20	%		-6.06	%		-2.70	%		-1.05	%		-0.32	%		-6.91	%		-1.37	%
Net operating income:
Including FX impact		2.17	%		8.71	%		-4.77	%		154.14	%		55.21	%		-13.79	%		-36.26	%		1.86	%		-10.42	%
FX impact		4.28	%		5.57	%		5.02	%		4.79	%		-8.34	%		3.32	%		-0.51	%		4.93	%		-0.87	%
Excluding FX impact		-2.11	%		3.14	%		-9.79	%		149.35	%		63.55	%		-17.11	%		-35.75	%		-3.07	%		-9.55	%
Combined ratios (a):
Domestic		99.8	%		97.8	%		96.2	%		94.6	%		98.2	%		97.6	%		98.3	%		97.9	%		98.1	%
International		104.1	%		107.3	%		107.8	%		114.5	%		108.8	%		111.6	%		107.3	%		106.3	%		109.3	%
Investment yield (2)		5.55	%		5.47	%		5.41	%		5.40	%		5.36	%		5.41	%		5.45	%		5.48	%		5.39	%

(a) The combined ratio is equal to total benefits, losses and expenses divided by net earned premiums and other considerations and fees and other income excluding the preneed business.

(1) Total Solutions percentage growth from year-ago period due to conversion of income statement transactions at weighted average foreign currency exchange rates.

(2) Investment yield excludes investment income (loss) from real estate joint venture partnerships.

9

Assurant Solutions - Preneed

Condensed Statements of Operations

(Unaudited)

	2010									2009												Nine Months
($ in thousands)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Revenues:
Net earned premiums and other considerations	$	30,768		$	35,678		$	35,093		$	39,158		$	43,827		$	46,136		$	51,848		$	101,539		$	141,811
Net investment income		61,585			61,103			60,873			59,553			58,655			56,923			57,299			183,561			172,877
Fees and other income:
Change in value of CPI Caps) (1)		(585	)		(916	)		(4,424	)		5,086			(656	)		(35	)		1,779			(5,925	)		1,088
Other		13,231			10,526			8,394			7,638			4,981			5,772			3,253			32,151			14,006
Total fees and other income		12,646			9,610			3,970			12,724			4,325			5,737			5,032			26,226			15,094
		104,999			106,391			99,936			111,435			106,807			108,796			114,179			311,326			329,782
Benefits, losses and expenses:
Policyholder benefits		60,450			65,132			65,199			66,532			67,055			70,929			78,392			190,781			216,376
Selling, underwriting, general and administrative expenses		24,413			22,545			21,687			23,880			21,468			22,457			24,655			68,645			68,580
		84,863			87,677			86,886			90,412			88,523			93,386			103,047			259,426			284,956
Income before provision for income taxes		20,136			18,714			13,050			21,023			18,284			15,410			11,132			51,900			44,826
Income before provision for income taxes excluding CPI Cap		20,721			19,630			17,474			15,937			18,940			15,445			9,353			57,825			43,738
Provision for income taxes		6,907			6,895			4,657			7,162			6,524			5,338			3,834			18,459			15,696
Net operating income	$	13,229		$	11,819		$	8,393		$	13,861		$	11,760		$	10,072		$	7,298		$	33,441		$	29,130
Face sales	$	211,834		$	216,681		$	151,074		$	145,678		$	137,301		$	126,263		$	103,124		$	579,589		$	366,688
CPI Cap value	$	7,030		$	7,615		$	8,531		$	12,955		$	7,869		$	8,525		$	8,560		$	7,030		$	7,869
Preneed yield (2)		5.85	%		5.85	%		5.91	%		5.87	%		5.89	%		5.83	%		5.94	%		5.86	%		5.88	%
Preneed average invested assets	$	4,207,980		$	4,178,346		$	4,118,775		$	4,055,563		$	3,996,330		$	3,907,868		$	3,861,302		$	4,173,332		$	3,928,816

(1) The Company utilizes derivative instruments, Consumer Price Index Caps ("CPI Caps"), in managing the pre-arranged funeral business exposure to inflation risk on certain policies. The CPI Caps do not qualify under GAAP as effective hedges; therefore, they are marked-to-market on a quarterly basis and the accumulated gain or loss is recognized in the statement of operations in fees and other income.

(2) Investment yield excludes investment income (loss) from real estate joint venture partnerships.

10

Assurant Specialty Property

Condensed Statements of Operations

(Unaudited)

	2010									2009												Nine Months
($ in thousands)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Revenues:
Net earned premiums and other considerations	$	481,108		$	477,122		$	508,822		$	497,200		$	478,701		$	477,838		$	493,790		$	1,467,052		$	1,450,329
Net investment income		27,064			27,022			26,921			26,031			26,550			28,320			29,436			81,007			84,306
Fees and other income		18,544			18,848			13,100			14,824			15,100			13,642			13,324			50,492			42,066
		526,716			522,992			548,843			538,055			520,351			519,800			536,550			1,598,551			1,576,701
Benefits, losses and expenses:
Policyholder benefits		165,977			175,206			162,533			162,139			156,076			178,167			167,800			503,716			502,043
Selling, underwriting, general and administrative expenses		197,992			189,846			207,017			212,203			206,992			203,416			209,917			594,855			620,325
		363,969			365,052			369,550			374,342			363,068			381,583			377,717			1,098,571			1,122,368
Income before provision for income taxes		162,747			157,940			179,293			163,713			157,283			138,217			158,833			499,980			454,333
Provision for income taxes		56,094			54,223			60,815			56,769			54,126			46,989			54,165			171,132			155,280
Net operating income	$	106,653		$	103,717		$	118,478		$	106,944		$	103,157		$	91,228		$	104,668		$	328,848		$	299,053
Net earned premiums:
Homeowners (Creditor-Placed & Voluntary)	$	330,375		$	325,735		$	354,409		$	351,178		$	333,068		$	336,338		$	348,447		$	1,010,519		$	1,017,853
Manufactured Housing (Creditor-Placed & Voluntary)		54,120			53,686			57,500			54,609			54,347			55,128			55,876			165,306			165,351
Other		96,613			97,701			96,913			91,413			91,286			86,372			89,467			291,227			267,125
Total	$	481,108		$	477,122		$	508,822		$	497,200		$	478,701		$	477,838		$	493,790		$	1,467,052		$	1,450,329
Gross earned premiums:
Homeowners (Creditor-Placed & Voluntary)	$	463,138		$	446,650		$	463,570		$	460,289		$	427,030		$	430,568		$	437,391		$	1,373,358		$	1,294,989
Manufactured Housing (Creditor-Placed & Voluntary)		76,132			76,688			79,693			76,339			76,448			77,083			77,484			232,513			231,015
Other		162,359			160,897			155,471			150,695			150,604			147,449			151,429			478,727			449,482
Total	$	701,629		$	684,235		$	698,734		$	687,323		$	654,082		$	655,100		$	666,304		$	2,084,598		$	1,975,486
Gross written premiums:
Homeowners (Creditor-Placed & Voluntary)	$	482,756		$	435,403		$	440,073		$	533,454		$	437,835		$	437,271		$	412,706		$	1,358,232		$	1,287,812
Manufactured Housing (Creditor-Placed & Voluntary)		76,008			74,219			80,040			76,441			75,935			77,969			69,852			230,267			223,756
Other		165,518			195,609			156,853			157,209			167,968			154,864			131,701			517,980			454,533
Total	$	724,282		$	705,231		$	676,966		$	767,104		$	681,738		$	670,104		$	614,259		$	2,106,479		$	1,966,101
Reconciliation of gross earned premiums to net earned premiums:
Gross earned premiums	$	701,629		$	684,235		$	698,734		$	687,323		$	654,082		$	655,100		$	666,304		$	2,084,598		$	1,975,486
Ceded catastrophe reinsurance and reinstatements		(49,905	)		(47,735	)		(45,129	)		(46,945	)		(48,794	)		(44,688	)		(42,994	)		(142,769	)		(136,476	)
Ceded to clients including U.S. Government		(170,616	)		(159,378	)		(144,783	)		(143,178	)		(126,587	)		(132,574	)		(129,520	)		(474,777	)		(388,681	)
Net earned premiums	$	481,108		$	477,122		$	508,822		$	497,200		$	478,701		$	477,838		$	493,790		$	1,467,052		$	1,450,329

11

Assurant Specialty Property (continued)

Condensed Statements of Operations

(Unaudited)

	2010									2009												Nine Months
($ in thousands)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Creditor-Placed Homeowners Insurance (1):
Loans tracked (in millions):
Prime		25.4			25.6			25.6			25.6			25.7			25.4			25.7			25.4			25.7
Sub-prime		3.5			3.6			3.6			3.9			3.8			3.6			3.8			3.5			3.8
Total		28.9			29.2			29.2			29.5			29.5			29.0			29.5			28.9			29.5
Average placement rates (2):
Prime		1.38	%		1.32	%		1.28	%		1.24	%		1.18	%		1.18	%		1.13	%		1.38	%		1.18	%
Sub-prime		9.54	%		9.54	%		9.54	%		9.51	%		9.51	%		9.39	%		9.14	%		9.54	%		9.51	%
Average insured value (AIV):
Creditor-placed	$	180		$	179		$	179		$	177		$	174		$	172		$	168		$	180		$	174
Real estate owned	$	232		$	234		$	228		$	227		$	226		$	228		$	228		$	232		$	226
Percent of creditor-placed premiums from real estate owned policies:
% of gross earned premiums		12	%		12	%		12	%		12	%		14	%		16	%		20	%		12	%		17	%
% of gross written premiums		7	%		12	%		12	%		9	%		12	%		12	%		20	%		10	%		15	%
Geographical spread of exposure (3):
U.S. Region:
Middle U.S.		15.0	%		15.1	%		15.2	%		15.9	%		16.2	%		16.3	%		16.5	%		15.0	%		16.2	%
Northeastern coastal		17.0	%		16.6	%		16.1	%		15.9	%		15.2	%		14.7	%		14.2	%		17.0	%		15.2	%
Northern inland		3.7	%		3.6	%		3.7	%		3.7	%		3.8	%		3.8	%		3.8	%		3.7	%		3.8	%
Southern inland		8.9	%		8.9	%		9.4	%		9.9	%		9.8	%		9.7	%		9.5	%		8.9	%		9.8	%
Southern and Hawaii coastal		23.9	%		24.0	%		23.3	%		22.4	%		21.9	%		21.5	%		20.8	%		23.9	%		21.9	%
West		31.5	%		31.8	%		32.3	%		32.2	%		33.1	%		34.0	%		35.2	%		31.5	%		33.1	%
Total		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%		100.0	%
Ratios:
Loss ratio (a)		34.5	%		36.7	%		31.9	%		32.6	%		32.6	%		37.3	%		34.0	%		34.3	%		34.6	%
Expense ratio (b)		39.6	%		38.3	%		39.7	%		41.4	%		41.9	%		41.4	%		41.4	%		39.2	%		41.6	%
Combined ratio (c)		72.8	%		73.6	%		70.8	%		73.1	%		73.5	%		77.6	%		74.5	%		72.4	%		75.2	%
Investment yield (4)		4.52	%		4.39	%		4.56	%		4.42	%		4.46	%		4.77	%		4.87	%		4.54	%		4.68	%

(a) The loss ratio is equal to policyholder benefits divided by net earned premiums and other considerations.

(b) The expense ratio is equal to selling, underwriting, general and administrative expenses divided by net earned premiums and other considerations and fees and other income.

(c) The combined ratio is equal to total benefits, losses and expenses divided by net earned premiums and other considerations and fees and other income.

(1) Estimates based on client information and classification.

(2) Does not include real estate owned policies.

(3) Geographical spread of exposure is based on the Company’s assessment of total insured value for all of Assurant Specialty Property.

(4) Investment yield excludes investment income (loss) from real estate joint venture partnerships.

12

Assurant Health

Condensed Statements of Operations

(Unaudited)

	2010									2009												Nine Months
($ in thousands)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Revenues:
Net earned premiums and other considerations	$	467,726		$	467,705		$	467,442		$	468,002		$	470,385		$	468,895		$	472,346		$	1,402,873		$	1,411,626
Net investment income		11,985			12,078			11,565			11,338			11,770			12,073			12,477			35,628			36,320
Fees and other income		10,027			10,248			10,408			9,978			10,140			9,847			9,914			30,683			29,901
		489,738			490,031			489,415			489,318			492,295			490,815			494,737			1,469,184			1,477,847
Benefits, losses and expenses:
Policyholder benefits		334,216			312,767			333,640			377,155			353,412			357,644			321,960			980,623			1,033,016
Selling, underwriting, general and administrative expenses		145,694			138,801			143,119			157,826			147,475			149,157			150,240			427,614			446,872
		479,910			451,568			476,759			534,981			500,887			506,801			472,200			1,408,237			1,479,888
Income (loss) before provision (benefit) for income taxes		9,828			38,463			12,656			(45,663	)		(8,592	)		(15,986	)		22,537			60,947			(2,041	)
Provision (benefit) for income taxes		4,488			13,163			4,287			(15,948	)		(3,745	)		(5,656	)		7,865			21,938			(1,536	)
Net operating income (loss)	$	5,340		$	25,300		$	8,369		$	(29,715	)	$	(4,847	)	$	(10,330	)	$	14,672		$	39,009		$	(505	)
Net earned premiums and other considerations:
Individual:
Individual medical	$	323,871		$	324,079		$	321,783		$	319,215		$	317,820		$	316,093		$	317,070		$	969,733		$	950,983
Short-term medical		22,131			21,434			22,118			24,308			27,278			26,604			26,048			65,683			79,930
Subtotal		346,002			345,513			343,901			343,523			345,098			342,697			343,118			1,035,416			1,030,913
Small employer group		121,724			122,192			123,541			124,479			125,287			126,198			129,228			367,457			380,713
Total	$	467,726		$	467,705		$	467,442		$	468,002		$	470,385		$	468,895		$	472,346		$	1,402,873		$	1,411,626
Sales (annualized issued premiums):
Individual:
Individual medical	$	59,421		$	83,696		$	94,249		$	92,068		$	91,434		$	84,707		$	88,769		$	237,366		$	264,910
Short-term medical		27,152			26,262			28,314			27,870			34,296			34,509			37,199			81,728			106,004
Subtotal		86,573			109,958			122,563			119,938			125,730			119,216			125,968			319,094			370,914
Small employer group		30,157			30,445			35,705			33,701			31,588			37,708			29,978			96,307			99,274
Total	$	116,730		$	140,403		$	158,268		$	153,639		$	157,318		$	156,924		$	155,946		$	415,401		$	470,188
Membership by product line (in thousands):
Individual:
Individual medical		538			558			564			568			568			570			572			538			568
Short-term medical		70			73			71			78			91			95			94			70			91
Subtotal		608			631			635			646			659			665			666			608			659
Small employer group		113			116			118			121			122			123			123			113			122
Total		721			747			753			767			781			788			789			721			781
Ratios:
Loss ratio (a)		71.5	%		66.9	%		71.4	%		80.6	%		75.1	%		76.3	%		68.2	%		69.9	%		73.2	%
Expense ratio (b)		30.5	%		29.0	%		30.0	%		33.0	%		30.7	%		31.2	%		31.2	%		29.8	%		31.0	%
Combined ratio (c)		100.5	%		94.5	%		99.8	%		111.9	%		104.2	%		105.9	%		97.9	%		98.2	%		102.7	%
Investment yield (1)		4.99	%		5.01	%		4.82	%		4.82	%		5.24	%		5.45	%		5.59	%		4.93	%		5.40	%

(a) The loss ratio is equal to policyholder benefits divided by net earned premiums and other considerations.

(b) The expense ratio is equal to selling, underwriting, general and administrative expenses divided by net earned premiums and other considerations and fees and other income.

(c) The combined ratio is equal to total benefits, losses and expenses divided by net earned premiums and other considerations and fees and other income.

(1) Investment yield excludes investment (loss) income from real estate joint venture partnerships.

13

Assurant Employee Benefits

Condensed Statements of Operations

(Unaudited)

	2010									2009												Nine Months
($ in thousands)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Revenues:
Net earned premiums and other considerations	$	272,416		$	275,386		$	285,015		$	270,140		$	255,968		$	262,198		$	263,831		$	832,817		$	781,997
Net investment income		33,599			32,599			32,810			32,703			33,039			33,466			34,157			99,008			100,662
Fees and other income		5,528			6,252			7,311			6,578			7,467			7,540			6,758			19,091			21,765
		311,543			314,237			325,136			309,421			296,474			303,204			304,746			950,916			904,424
Benefits, losses and expenses:
Policyholder benefits		189,463			190,555			204,242			188,940			182,632			186,770			198,728			584,260			568,130
Selling, underwriting, general and administrative expenses		96,162			104,667			95,922			103,092			96,529			97,993			95,287			296,751			289,809
		285,625			295,222			300,164			292,032			279,161			284,763			294,015			881,011			857,939
Income before provision for income taxes		25,918			19,015			24,972			17,389			17,313			18,441			10,731			69,905			46,485
Provision for income taxes		8,986			6,622			8,505			5,833			5,863			6,313			3,709			24,113			15,885
Net operating income	$	16,932		$	12,393		$	16,467		$	11,556		$	11,450		$	12,128		$	7,022		$	45,792		$	30,600
Net earned premiums and other considerations:
Group dental	$	103,786		$	104,778		$	107,581		$	108,910		$	105,507		$	105,306		$	105,565		$	316,145		$	316,378
All other group disability		120,562			121,880			129,927			112,722			103,460			108,495			109,704			372,369			321,659
Group life		48,068			48,728			47,507			48,508			47,001			48,397			48,562			144,303			143,960
Total	$	272,416		$	275,386		$	285,015		$	270,140		$	255,968		$	262,198		$	263,831		$	832,817		$	781,997
Sales (1):
Group dental	$	15,897		$	12,842		$	33,549		$	14,354		$	21,202		$	16,904		$	31,573		$	62,288		$	69,679
Group disability		7,734			7,257			13,516			6,351			10,587			8,207			14,172			28,507			32,966
Group life		6,418			5,188			8,517			4,509			6,547			5,086			9,859			20,123			21,492
Total	$	30,049		$	25,287		$	55,582		$	25,214		$	38,336		$	30,197		$	55,604		$	110,918		$	124,137
Loss ratio (a)		69.5	%		69.2	%		71.7	%		69.9	%		71.3	%		71.2	%		75.3	%		70.2	%		72.7	%
Expense ratio (b)		34.6	%		37.2	%		32.8	%		37.3	%		36.6	%		36.3	%		35.2	%		34.8	%		36.1	%
Investment yield (2)		5.83	%		5.78	%		5.77	%		5.79	%		5.88	%		5.86	%		5.98	%		5.80	%		5.92	%

(a) The loss ratio is equal to policyholder benefits divided by net earned premiums and other considerations.

(b) The expense ratio is equal to selling, underwriting, general and administrative expenses divided by net earned premiums and other considerations and fees and other income.

(1) Sales do not include any sales from assumed business, only direct.

(2) Investment yield excludes investment (loss) income from real estate joint venture partnerships.

14

Assurant Corporate and Other

Condensed Statements of Operations

(Unaudited)

	2010									2009												Nine Months
($ in thousands)	3Q			2Q			1Q			4Q			3Q			2Q			1Q			2010			2009
Revenues:
Net earned premiums and other considerations	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		4,438			4,541			4,265			3,984			3,884			3,967			4,414			13,244			12,265
Net realized gains (losses) on investments		6,043			19,152			4,473			(11,632	)		19,866			(6,142	)		(55,689	)		29,668			(41,965	)
Amortization of deferred gains on disposal of businesses		6,024			6,024			6,081			2,107			6,802			6,750			6,802			18,129			20,354
Fees and other income		31			99			114			(174	)		83			139,214			1,679			244			140,976
		16,536			29,816			14,933			(5,715	)		30,635			143,789			(42,794	)		61,285			131,630
Benefits, losses and expenses:
Policyholder benefits		—			(1,988	)		(50	)		1,988			92			5,496			(168	)		(2,038	)		5,420
Selling, underwriting, general and administrative expenses		22,944			29,875			19,185			22,474			20,289			27,575			23,431			72,004			71,295
Interest expense		15,162			15,161			15,161			15,160			15,160			15,160			15,189			45,484			45,509
		38,106			43,048			34,296			39,622			35,541			48,231			38,452			115,450			122,224
(Loss) income before (benefit) provision for income taxes		(21,570	)		(13,232	)		(19,363	)		(45,337	)		(4,906	)		95,558			(81,246	)		(54,165	)		9,406
(Benefit) provision for income taxes		(1,982	)		(6,174	)		(4,406	)		(21,290	)		(8,232	)		23,156			(5,154	)		(12,562	)		9,770
Net (loss) income	$	(19,588	)	$	(7,058	)	$	(14,957	)	$	(24,047	)	$	3,326		$	72,402		$	(76,092	)	$	(41,603	)	$	(364	)
Corporate and Other Reconciliation
Assurant Corporate and Other Segment Net (loss) income	$	(19,588	)	$	(7,058	)	$	(14,957	)	$	(24,047	)	$	3,326		$	72,402		$	(76,092	)	$	(41,603	)	$	(364	)
Adjustments, net of tax:
Amortization of deferred gains on disposal of businesses		(3,916	)		(3,916	)		(3,953	)		(1,370	)		(4,421	)		(4,388	)		(4,421	)		(11,785	)		(13,230	)
Interest expense		9,855			9,855			9,855			9,854			9,854			9,854			9,873			29,565			29,581
Net realized (gains) losses on investments		(3,928	)		(12,449	)		(2,907	)		7,561			(12,913	)		3,992			36,198			(19,284	)		27,277
Change in tax valuation allowance		—			—			—			(936	)		(7,043	)		(13,021	)		21,000			—			936
Legal settlement and related expenses		—			—			—			—			1,454			(84,996	)		—			—			(83,542	)
Corporate and other line item result (1)	$	(17,577	)	$	(13,568	)	$	(11,962	)	$	(8,938	)	$	(9,743	)	$	(16,157	)	$	(13,442	)	$	(43,107	)	$	(39,342	)

(1) Reconciles to Corporate and other result per Reconciliation of Net Operating Income to Net Income (Loss) on page 5.

15

Assurant, Inc.

Investments

(Unaudited)

($ in thousands)	At September 30, 2010				At December 31, 2009
Investments by type
Fixed maturity securities available for sale, at fair value	$	10,823,195	71.8	%	$	9,966,772	68.9	%
Equity securities available for sale, at fair value
Preferred stock		491,034	3.3	%		508,458	3.5	%
Common stock		5,068	—			4,529	—
Commercial mortgage whole loans on real estate, at amortized cost		1,355,871	9.0	%		1,428,027	9.9	%
Policy loans		56,685	0.4	%		56,407	0.4	%
Short-term investments		452,008	3.0	%		453,469	3.1	%
Collateral held under securities lending		134,348	0.9	%		218,129	1.5	%
Other investments		581,917	3.8	%		522,041	3.6	%
Total investments		13,900,126	92.2	%		13,157,832	90.9	%
Cash and cash equivalents		1,168,307	7.8	%		1,318,552	9.1	%
Total investments and cash and cash equivalents	$	15,068,433	100.0	%	$	14,476,384	100.0	%
Fixed Maturity Securities by Credit Quality (Fair Value)
Aaa / Aa / A	$	6,619,971	61.1	%	$	6,152,842	61.8	%
Baa		3,309,157	30.6	%		2,953,964	29.6	%
Ba		658,234	6.1	%		647,321	6.5	%
B and lower		235,833	2.2	%		212,645	2.1	%
Total	$	10,823,195	100.0	%	$	9,966,772	100.0	%

16

Assurant, Inc.

Investments (continued)

(Unaudited)

	At September 30, 2010									At December 31, 2009
($ in thousands)	Book Value		Fair Value		% of Fair Value			Net Unrealized Gain		Book Value		Fair Value		% of Fair Value			Net Unrealized Gain (Loss)
Fixed Maturity Securities by Issuer Type:
Government:
U.S. Government and government agencies	$	168,795	$	177,390		1.6	%	$	8,595	$	115,268	$	120,330		1.2	%	$	5,062
State, municipalities and political subdivisions		831,906		911,042		8.4	%		79,136		873,548		910,068		9.1	%	$	36,520
Foreign governments		602,062		643,028		5.9	%		40,966		545,166		558,463		5.6	%	$	13,297
Corporate (1):
Canadian Municipals		79,464		87,509		0.8	%		8,045		67,603		68,841		0.7	%		1,238
Consumer cyclical		1,046,106		1,161,538		10.7	%		115,432		975,965		1,014,735		10.2	%		38,770
Consumer non-cyclical		335,384		379,932		3.5	%		44,548		306,841		322,638		3.2	%		15,797
Energy		704,320		788,353		7.3	%		84,033		751,097		790,437		7.9	%		39,340
Financials		2,028,558		2,155,681		19.9	%		127,123		2,088,433		2,075,697		20.8	%		(12,736	)
Health care		393,341		438,869		4.1	%		45,528		416,581		431,155		4.3	%		14,574
Industrials		891,077		987,506		9.1	%		96,429		874,504		899,217		9.0	%		24,713
Materials		308,000		329,836		3.1	%		21,836		287,338		292,502		2.9	%		5,164
Technology		164,455		183,218		1.7	%		18,763		150,542		156,272		1.6	%		5,730
Telecommunications		488,207		545,592		5.1	%		57,385		474,025		502,267		5.0	%		28,242
Utilities		904,604		1,023,553		9.5	%		118,949		856,645		894,794		9.0	%		38,149
Other corporate		—		—		0.0	%		—		349		357		0.0	%		8
Asset-backed securities		43,817		46,756		0.4	%		2,939		51,834		53,963		0.5	%		2,129
Commercial mortgage-backed securities		107,215		113,373		1.0	%		6,158		159,780		159,907		1.6	%		127
Residential mortgage-backed securities (RMBS):
Agency		784,056		825,225		7.6	%		41,169		663,407		690,632		6.9	%		27,225
Alt-A		—		—		0.0	%		—		—		—		0.0	%		—
Subprime		14,198		17,601		0.2	%		3,403		17,739		17,307		0.3	%		(432	)
Other		3,778		3,836		0.1	%		58		4,227		4,064		0.1	%		(163	)
Collaterized debt obligations:
Credit backed		2,741		3,357		0.0	%		616		3,191		3,126		0.1	%		(65	)
RMBS backed		—		—		0.0	%		—		—		—		0.0	%		—
Total fixed maturity securities	$	9,902,084	$	10,823,195		100.0	%	$	921,111	$	9,684,083	$	9,966,772		100.0	%	$	282,689

(1) Industry classifications are based on a combination of published index classifications as well as Assurant's view of underlying issuer risk. These resulting classifications are then mapped to the Global Industry Classification Standard (GICS^®).

17

Assurant, Inc.

Investment Results by Asset Category and Annualized Yields

(Unaudited)

	Quarter Ended September 30 2010									Quarter Ended September 30 2009
($ in thousands)	Yield			Investment Income			Net realized gain (loss)			Yield			Investment Income			Net realized gain (loss)
Fixed maturity securities, available for sale		5.76	%	$	143,412		$	13,895			5.82	%	$	139,803		$	18,659
Equity securities, available for sale		7.01	%		8,350			2,057			7.43	%		9,683			825
Commercial mortgage whole loans on real estate		6.26	%		21,381			(9,000	)		6.30	%		22,983			—
Policy loans		6.28	%		886			—			6.09	%		860			—
Cash and short-term investments		0.82	%		3,116			4			0.86	%		3,247			94
Other investments*		3.62	%		5,254			(913	)		2.41	%		3,192			288
Total					182,399		$	6,043						179,768		$	19,866
Investment expenses					(6,229	)								(6,844	)
Net investment income				$	176,170								$	172,924
Gross realized gains							$	19,093								$	25,458
Gross realized losses								(11,813	)								(2,950	)
Other-than-temporary impairments on available for sale securities								(1,237	)								(2,642	)
Net realized gains (losses) on investments							$	6,043								$	19,866
	Nine Months Ended September 30 2010									Nine Months Ended September 30 2009
	Yield			Investment Income			Net realized gain (loss)			Yield			Investment Income			Net realized gain (loss)
Fixed maturity securities, available for sale		5.78	%	$	429,949		$	37,035			5.91	%	$	418,343		$	(80	)
Equity securities, available for sale		7.00	%		25,901			4,487			7.30	%		29,069			(35,570	)
Commercial mortgage whole loans on real estate		6.23	%		64,990			(15,772	)		6.31	%		70,085			(5,306	)
Policy loans		5.53	%		2,340			—			5.71	%		2,451			—
Cash and short-term investments		0.67	%		7,710			11			1.20	%		13,665			147
Other investments*		3.27	%		13,778			3,907			3.44	%		13,202			(1,156	)
Total					544,668		$	29,668						546,815		$	(41,965	)
Investment expenses					(19,288	)								(20,480	)
Net investment income				$	525,380								$	526,335
Gross realized gains							$	57,317								$	40,804
Gross realized losses								(23,612	)								(50,374	)
Other-than-temporary impairments on available for sale securities								(4,037	)								(32,395	)
Net realized losses on investments							$	29,668								$	(41,965	)

* Consists primarily of investments in joint venture partnerships, invested assets associated with a modified coinsurance agreement, and invested assets associated with deferred compensation plans.

18

Assurant, Inc.

Summary of Net Operating Income ⁽¹⁾ Disclosed Items

Income / (Expense) Items

(Unaudited)

			2010																		2009
($ in millions, after-tax)			3Q						2Q						1Q						4Q						3Q						2Q						1Q
			$			Diluted EPS			$			Diluted EPS			$			Diluted EPS			$			Diluted EPS			$			Diluted EPS			$			Diluted EPS			$			Diluted EPS
Assurant Solutions:
Restructuring costs	(d	)		—			—			—			—			—			—			(8.4	)		(0.07	)		—			—			(2.4	)		(0.02	)		—			—
Change in various tax liabilities/receivables	(e	)		—			—			—			—			(2.8	)		(0.02	)		—			—			—			—			—			—			—			—
Assurant Specialty Property:
Catastrophe losses, net of reinsurance	(c	)		—			—			(5.0	)		(0.04	)		—			—			—			—			—			—			—			—			—			—
Restructuring costs	(d	)		—			—			—			—			—			—			—			—			—			—			(2.5	)		(0.02	)		—			—
Subrogation reimbursement	(c	)		—			—			—			—			—			—			—			—			5.9			0.05			—			—			—			—
Unearned premium reserve review adjustment (2)	(a	)		—			—			—			—			7.6			0.06			—			—			—			—			—			—			—			—
Assurant Health:
Reserve strengthening	(c	)		—			—			—			—			—			—			—			—			—			—			(9.0	)		(0.08	)		—			—
Litigation reserve	(c	)		—			—			17.4			0.15			—			—			(24.0	)		(0.20	)		(8.1	)		(0.07	)		—			—			—			—
Restructuring costs	(d	)		(5.0	)		(0.05	)		—			—			—			—			(2.9	)		(0.02	)		—			—			—			—			—			—
H1N1 related medical expenses	(c	)		—			—			—			—			—			—			(2.5	)		(0.02	)		—			—			—			—			—			—
Assurant Employee Benefits:
Reserve adequacy study adjustment	(c	)		—			—			—			—			—			—			2.1			0.02			—			—			—			—			—			—
Restructuring costs	(d	)		—			—			(4.4	)		(0.04	)		—			—			(1.0	)		(0.01	)		—			—			(1.5	)		(0.01	)		—			—
Assurant Corporate and Other:
Expenses related to SEC investigation (3)	(d	)		—			—			—			—			—			—			(3.5	)		(0.03	)		—			—			—			—			—			—
Change in various tax liabilities/receivables	(e	)		—			—			—			—			—			—			4.5			0.04			—			—			—			—			—			—
Compensation expense	(d	)		—			—			—			—			—			—			—			—			—			—			—			—			(4.6	)		(0.04	)
Restructuring costs	(d	)		—			—			(2.9	)		(0.03	)		—			—			—			—			—			—			—			—			—			—

Statement of Operations line impact:

(a) Net earned premiums and other considerations

(b) Fees and other income

(c) Policyholder benefits

(d) Selling, underwriting, general and administrative expenses

(e) Provision for income taxes

(1) See Footnote (1) Regulation G - Non GAAP Financial Measures on page 1.

(2) In the first quarter 2010, the $7.6 million represents the net impact on net operating income. It increased net earned premiums by $13.6 million pre-tax.

(3) This item includes both SEC investigation-related expenses and reimbursements received related to SEC expenses covered under Director & Officer insurance.

19

Assurant, Inc.

Ratings Summary

(Unaudited)

	As of September 30, 2010
	A.M. Best		Moody’s		Standard & Poor’s
Outlook		Stable		Stable		Negative
Company
American Bankers Insurance Company		A		A2		A-
American Bankers Insurance Company (CAB)		A		N/A		N/A
American Bankers Life Assurance Company		A-		A3		A-
American Bankers Life Assurance Company (CAB)		A-		N/A		N/A
American Memorial Life Insurance Company		A-		N/A		A-
American Reliable Insurance Company		A		N/A		N/A
American Security Insurance Company		A		A2		A-
Assurant Life of Canada		A-		N/A		N/A
Caribbean American Life Assurance Company		A-		N/A		N/A
Caribbean American Property Insurance Company		A		N/A		N/A
John Alden Life Insurance Company		A-		A3		BBB+
Reliable Lloyds		A		N/A		N/A
Standard Guaranty Insurance Company		A		N/A		N/A
Time Insurance Company		A-		A3		BBB+
UDC Dental California		A-		N/A		N/A
Union Security Dental Care New Jersey		A-		N/A		N/A
Union Security Insurance Company		A-		A3		A-
Union Security Life Insurance Company of New York		A-		N/A		N/A
United Dental Care of Arizona		A-		N/A		N/A
United Dental Care of Colorado		A-		N/A		N/A
United Dental Care of Michigan		NR-3		N/A		N/A
United Dental Care of Missouri		A-		N/A		N/A
United Dental Care of New Mexico		A-		N/A		N/A
United Dental Care of Ohio		NR-3		N/A		N/A
United Dental Care of Texas		A-		N/A		N/A
United Dental Care of Utah		NR-3		N/A		N/A
Voyager Indemnity Insurance Company		A		N/A		N/A
Commercial Paper		AMB-2		P-2		A-2
Senior Debt		bbb		Baa2		BBB

20

Exhibit I

Assurant, Inc.

Commercial Mortgage Loans Summary ⁽¹⁾

(Unaudited)

	As of September 30, 2010
($ in thousands)	Book Value			% of Total
Summary of Commercial Mortgage Loans
Geographic Region
Pacific	$	478,472			34	%
Middle Atlantic		240,694			17	%
New England		167,600			12	%
South Atlantic		162,020			12	%
Mountain		151,499			11	%
West South Central		80,450			6	%
West North Central		42,206			3	%
East South Central		23,904			2	%
Canada		24,956			2	%
East North Central		15,971			1	%
Allowance for loan losses		(31,901	)		—
Total	$	1,355,871			100	%
Property Type
Retail	$	449,846			33	%
Office		459,648			33	%
Industrial		362,758			26	%
Other		57,492			4	%
Apartments		58,028			4	%
Allowance for loan losses		(31,901	)		—
Total	$	1,355,871			100	%
Loan Size
Under $3 million	$	559,489			40	%
$3 million but less than $6 million		439,065			32	%
$6 million but less than $9 million		226,299			16	%
$9 million but less than $12 million		69,660			5	%
$12 million and over		93,259			7	%
Allowance for loan losses		(31,901	)		—
Total	$	1,355,871			100	%

Commercial Mortgage Loan Information by Vintage

As of September 30, 2010

Loan year	Book value		Delinquent loan  balance		Number of loans (whole number)		Number of delinquent loans		Average balance per loan		Book value weighted average loan-to-value (2)
2004 and prior	$	515,205		—		260		—	$	1,982		43.89	%
2005		237,412		—		69		—		3,441		64.22	%
2006		158,176		—		60		—		2,636		62.30	%
2007		281,896		—		89		—		3,167		76.65	%
2008		151,563		—		42		—		3,609		68.68	%
2009		18,032		—		3		—		6,011		63.20	%
2010		25,488		—		8		—		3,186		46.53	%
Allowance for loan losses		(31,901)		—		N/A		—		N/A		N/A
Total	$	1,355,871		—		531		—	$	2,553		59.13	%

(1) We originate fixed rate mortgage loans on commercial real estate. We are the sole lender and generally hold these loans to maturity. We do not typically securitize or otherwise sell these loans.

(2) Based on property appraisals as of September 30, 2010.

21

Exhibit II

Assurant, Inc. and Subsidiaries

Top 10 Foreign Government Exposures

(unaudited)

	As of September 30, 2010
($ in thousands)	Fixed Maturity Securities
Issuer	Fair Value		Book Value		Unrealized Gain/Loss
Province of Ontario	$	124,706	$	112,124	$	12,582
Province of Quebec		77,171		69,636		7,535
Government of Brazil		75,889		75,822		67
Province of British Columbia		74,816		70,188		4,628
United Kingdom of Great Britain		37,696		35,745		1,951
Corp Andina de Fomento		33,538		31,042		2,496
Province of Manitoba		29,106		27,181		1,925
KFW		27,742		27,715		27
Canada Housting Trust		25,015		24,428		587
United Mexican States		22,402		17,792		4,610
Other		114,947		110,389		4,558
	$	643,028	$	602,062	$	40,966

22