Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company has five reportable segments, which are defined based on the nature of the products and services offered: Assurant Solutions, Assurant Specialty Property, Assurant Health, Assurant Employee Benefits, and Corporate & Other. Assurant Solutions provides mobile device protection, debt protection administration, credit-related insurance, warranties and service contracts and pre-funded funeral insurance. Assurant Specialty Property provides lender-placed homeowners insurance, property, appraisal, preservation and valuation services, renters insurance and related products and manufactured housing homeowners insurance. Assurant Health provides individual health and small employer group health insurance. Assurant Employee Benefits primarily provides group dental insurance, group disability insurance and group life insurance. Corporate & Other includes activities of the holding company, financing and interest expenses, net realized gains (losses) on investments and interest income earned from short-term investments held. Corporate & Other also includes the amortization of deferred gains associated with the sales of Fortis Financial Group and Long-Term Care through reinsurance agreements.

The Company evaluates performance of the operating segments based on segment income (loss) after-tax excluding realized gains (losses) on investments. The Company determines reportable segments in a manner consistent with the way the Chief Operating Decision Maker makes operating decisions and assesses performance.

The following tables summarize selected financial information by segment:

	Three Months Ended September 30, 2014
	Solutions		Specialty Property		Health			Employee Benefits		Corporate & Other			Consolidated
Revenues
Net earned premiums	$	812,512	$	654,889	$	526,705		$	263,703	$	—		$	2,257,809
Net investment income	95,898		24,574		8,312			28,594		4,631			162,009
Net realized gains on investments	—		—		—			—		17,744			17,744
Amortization of deferred gain on disposal of businesses	—		—		—			—		3,645			3,645
Fees and other income	156,807		87,271		10,593			6,305		305			261,281
Total revenues	1,065,217		766,734		545,610			298,602		26,325			2,702,488
Benefits, losses and expenses
Policyholder benefits	257,000		258,344		430,499			177,850		—			1,123,693
Amortization of deferred acquisition   costs and value of business acquired	287,110		90,356		1,511			7,732		—			386,709
Underwriting, general and   administrative expenses	442,087		258,589		123,176			92,586		37,121			953,559
Interest expense	—		—		—			—		13,776			13,776
Total benefits, losses and   expenses	986,197		607,289		555,186			278,168		50,897			2,477,737
Segment income (loss) before   provision (benefit) for income tax	79,020		159,445		(9,576		)	20,434		(24,572		)	224,751
Provision (benefit) for income taxes	27,171		54,716		7,813			7,333		(12,579		)	84,454
Segment income (loss) after tax	$	51,849	$	104,729	$	(17,389	)	$	13,101	$	(11,993	)
Net income													$	140,297

	Three Months Ended September 30, 2013
	Solutions		Specialty Property		Health		Employee Benefits		Corporate & Other			Consolidated
Revenues
Net earned premiums	$	684,973	$	612,165	$	398,000	$	252,293	$	—		$	1,947,431
Net investment income	92,845		23,819		9,168		28,516		4,861			159,209
Net realized losses on investments	—		—		—		—		(3,631		)	(3,631		)
Amortization of deferred gain on   disposal of businesses	—		—		—		—		4,074			4,074
Fees and other income	107,908		29,786		7,630		6,032		211			151,567
Total revenues	885,726		665,770		414,798		286,841		5,515			2,258,650
Benefits, losses and expenses
Policyholder benefits	226,263		228,508		295,534		183,527		—			933,832
Amortization of deferred acquisition   costs and value of business acquired	286,343		79,361		266		6,780		—			372,750
Underwriting, general and   administrative expenses	325,537		181,172		107,086		87,329		36,202			737,326
Interest expense	—		—		—		—		20,771			20,771
Total benefits, losses and   expenses	838,143		489,041		402,886		277,636		56,973			2,064,679
Segment income (loss) before   provision (benefit) for income tax	47,583		176,729		11,912		9,205		(51,458		)	193,971
Provision (benefit) for income taxes	11,374		61,679		5,351		3,056		(16,277		)	65,183
Segment income (loss) after tax	$	36,209	$	115,050	$	6,561	$	6,149	$	(35,181	)
Net income												$	128,788

	Nine Months Ended September 30, 2014
	Solutions		Specialty Property		Health			Employee Benefits		Corporate & Other			Consolidated
Revenues
Net earned premiums	$	2,335,498	$	1,911,589	$	1,454,726		$	788,192	$	—		$	6,490,005
Net investment income	288,146		77,750		27,538			89,649		14,492			497,575
Net realized gains on investments	—		—		—			—		43,582			43,582
Amortization of deferred gain on   disposal of businesses	—		—		—			—		10,949			10,949
Fees and other income	461,268		209,035		27,787			18,332		428			716,850
Total revenues	3,084,912		2,198,374		1,510,051			896,173		69,451			7,758,961
Benefits, losses and expenses
Policyholder benefits	781,908		830,073		1,136,113			533,244		—			3,281,338
Amortization of deferred acquisition   costs and value of business acquired	824,023		249,189		1,759			23,109		—			1,098,080
Underwriting, general and   administrative expenses	1,238,830		708,837		366,585			274,534		92,349			2,681,135
Interest expense	—		—		—			—		44,617			44,617
Total benefits, losses and   expenses	2,844,761		1,788,099		1,504,457			830,887		136,966			7,105,170
Segment income (loss) before   provision (benefit) for income tax	240,151		410,275		5,594			65,286		(67,515		)	653,791
Provision (benefit) for income taxes	79,300		139,495		32,554			23,838		(42,548		)	232,639
Segment income (loss) after tax	$	160,851	$	270,780	$	(26,960	)	$	41,448	$	(24,967	)
Net income													$	421,152
	As of September 30, 2014
Segment Assets:
Segment assets, excluding goodwill	$	14,133,609	$	4,060,535	$	1,053,512		$	2,272,749	$	8,335,906		$	29,856,311
Goodwill													816,818
Total assets													$	30,673,129

	Nine Months Ended September 30, 2013
	Solutions		Specialty Property		Health		Employee Benefits		Corporate & Other			Consolidated
Revenues
Net earned premiums	$	2,056,300	$	1,727,724	$	1,172,775	$	757,494	$	—		$	5,714,293
Net investment income	282,502		74,723		27,861		88,856		15,176			489,118
Net realized gains on investments	—		—		—		—		30,264			30,264
Amortization of deferred gain on   disposal of businesses	—		—		—		—		12,238			12,238
Fees and other income	279,758		82,202		21,061		17,605		500			401,126
Total revenues	2,618,560		1,884,649		1,221,697		863,955		58,178			6,647,039
Benefits, losses and expenses
Policyholder benefits	647,713		649,554		868,307		541,107		1,462			2,708,143
Amortization of deferred acquisition   costs and value of business acquired	851,326		229,686		532		20,454		—			1,101,998
Underwriting, general and   administrative expenses	969,112		520,307		314,085		266,628		98,235			2,168,367
Interest expense	—		—		—		—		57,369			57,369
Total benefits, losses and   expenses	2,468,151		1,399,547		1,182,924		828,189		157,066			6,035,877
Segment income (loss) before   provision (benefit) for income tax	150,409		485,102		38,773		35,766		(98,888		)	611,162
Provision (benefit) for income taxes	47,902		169,288		33,472		12,060		(31,651		)	231,071
Segment income (loss) after tax	$	102,507	$	315,814	$	5,301	$	23,706	$	(67,237	)
Net income												$	380,091
	As of December 31, 2013
Segment Assets:
Segment assets, excluding goodwill	$	13,321,648	$	3,858,314	$	884,077	$	2,298,698	$	8,567,391		$	28,930,128
Goodwill												784,561
Total assets												$	29,714,689