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Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Financial Information by Segment
The following tables summarize selected financial information by segment: 
 
Three Months Ended September 30, 2016
 
Solutions
 
Specialty
Property
 
Health
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
Net earned premiums
$
757,201

 
$
457,446

 
$
486

 
$

 
$
1,215,133

Fees and other income
213,784

 
121,624

 
4,943

 
7,342

 
347,693

Net investment income
95,349

 
16,991

 
1,551

 
10,907

 
124,798

Net realized gains on investments

 

 

 
10,704

 
10,704

Amortization of deferred gains and gains on disposal
  of businesses (1)

 

 

 
135,840

 
135,840

Total revenues
1,066,334

 
596,061

 
6,980

 
164,793

 
1,834,168

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
Policyholder benefits (2)
240,963

 
218,663

 
(24,453
)
 

 
435,173

Amortization of deferred acquisition costs and value
  of business acquired
278,266

 
52,087

 

 

 
330,353

Underwriting, general and
  administrative expenses (3)
484,321

 
260,725

 
31,467

 
57,265

 
833,778

Interest expense

 

 

 
14,006

 
14,006

Total benefits, losses and expenses
1,003,550

 
531,475

 
7,014

 
71,271

 
1,613,310

Segment income (loss) before provision for
  income tax
62,784

 
64,586

 
(34
)
 
93,522

 
220,858

Provision for income taxes
20,082

 
20,035

 
1,712

 
34,662

 
76,491

Segment income (loss) after tax
$
42,702

 
$
44,551

 
$
(1,746
)
 
$
58,860

 
 
Net income
 
 
 
 
 
 
 
 
$
144,367


(1)
Includes $132,856 related to the additional deferred gains and gains related to the Assurant Employee Benefits sale on March 1, 2016, as referenced in Note 4.
(2)
The presentation of Assurant Health policyholder benefits includes the impact of the total current period utilization of the premium deficiency reserve of $21,562 for claim costs and claim adjustment expenses included in policyholder benefits, as well as maintenance costs, which are included within underwriting, general and administrative expenses.
(3)
Corporate & Other includes an $18,000 expense related to a post-close adjustment pertaining to an estimated indemnification that will be due on a previous disposition.

 
Three Months Ended September 30, 2015
 
Solutions
 
Specialty
Property
 
Health
 
Employee
Benefits
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
Net earned premiums
$
749,494

 
$
491,836

 
$
551,201

 
$
265,890

 
$

 
$
2,058,421

Fees and other income
190,071

 
105,884

 
15,113

 
6,213

 
242

 
317,523

Net investment income
91,211

 
19,663

 
5,867

 
26,440

 
5,585

 
148,766

Net realized gains on investments

 

 

 

 
6,203

 
6,203

Amortization of deferred gains and
  gains on disposal of businesses

 

 

 

 
3,243

 
3,243

Total revenues
1,030,776

 
617,383

 
572,181

 
298,543

 
15,273

 
2,534,156

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits
235,299

 
172,444

 
663,963

 
182,499

 

 
1,254,205

Amortization of deferred acquisition
  costs and value of business acquired
267,146

 
62,380

 
3,504

 
8,409

 

 
341,439

Underwriting, general and
  administrative expenses
454,399

 
249,411

 
124,892

 
90,801

 
37,481

 
956,984

Interest expense

 

 

 

 
13,779

 
13,779

Total benefits, losses and
  expenses
956,844

 
484,235

 
792,359

 
281,709

 
51,260

 
2,566,407

Segment income (loss) before
  provision (benefit) for income tax
73,932

 
133,148

 
(220,178
)
 
16,834

 
(35,987
)
 
(32,251
)
Provision (benefit) for income taxes
21,487

 
45,891

 
(75,781
)
 
6,396

 
(23,222
)
 
(25,229
)
Segment income (loss) after tax
$
52,445

 
$
87,257

 
$
(144,397
)
 
$
10,438

 
$
(12,765
)
 
 
Net income
 
 
 
 
 
 
 
 
 
 
$
(7,022
)
 
Nine Months Ended September 30, 2016
 
Solutions
 
Specialty
Property
 
Health
 
Employee
Benefits (1)
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
Net earned premiums
$
2,251,377

 
$
1,378,373

 
$
24,874

 
$
177,971

 
$

 
$
3,832,595

Fees and other income
654,801

 
339,232

 
18,345

 
4,244

 
17,066

 
1,033,688

Net investment income
272,634

 
53,158

 
7,472

 
17,340

 
29,721

 
380,325

Net realized gains on investments (2)

 

 

 

 
194,048

 
194,048

Amortization of deferred gains and
  gains on disposal of businesses (3)

 

 

 

 
309,254

 
309,254

Gain on pension plan curtailment

 

 

 

 
29,578

 
29,578

Total revenues
3,178,812

 
1,770,763

 
50,691

 
199,555

 
579,667

 
5,779,488

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits (4)
689,944

 
600,794

 
(29,416
)
 
118,481

 

 
1,379,803

Amortization of deferred acquisition
  costs and value of business acquired
830,308

 
171,169

 

 
5,858

 

 
1,007,335

Underwriting, general and
  administrative expenses (5)
1,461,466

 
734,079

 
122,185

 
58,469

 
178,533

 
2,554,732

Interest expense

 

 

 

 
43,741

 
43,741

Total benefits, losses and
  expenses
2,981,718

 
1,506,042

 
92,769

 
182,808

 
222,274

 
4,985,611

Segment income (loss) before
  provision (benefit) for income tax
197,094

 
264,721

 
(42,078
)
 
16,747

 
357,393

 
793,877

Provision (benefit) for income taxes
45,858

 
86,878

 
(7,733
)
 
6,277

 
128,563

 
259,843

Segment income (loss) after tax
$
151,236

 
$
177,843

 
$
(34,345
)
 
$
10,470

 
$
228,830

 
 
Net income
 
 
 
 
 
 
 
 
 
 
$
534,034

 
As of September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Segment assets:
$
15,095,957

 
$
3,878,559

 
$
412,311

 
$

 
$
10,897,009

 
$
30,283,836

 
(1)
Assurant Employee Benefits amounts represent the results of operations prior to the sale on March 1, 2016.
(2)
Includes $146,727 related to assets transferred to Sun Life as part of the Assurant Employee Benefits sale on March 1, 2016.
(3)
Includes $300,284 related to the additional deferred gains and gains related to the Assurant Employee Benefits sale on March 1, 2016.
(4)
The presentation of Assurant Health policyholder benefits includes the impact of the total current period net utilization of the premium deficiency reserve of $20,187 for claim costs and claim adjustment expenses included in policyholder benefits, as well as maintenance costs, which are included within underwriting, general and administrative expenses (the net year to date utilization includes a partially offsetting additional premium deficiency charge incurred in first six months of 2016).
(5)
Corporate & Other includes $16,672 intangible asset impairment charge related to trade names that will no longer be used or defended by the Company, and an $18,000 expense related to a post-close adjustment pertaining to an estimated indemnification that will be due on a previous disposition.
 
Nine Months Ended September 30, 2015
 
Solutions
 
Specialty
Property
 
Health
 
Employee
Benefits
 
Corporate &
Other
 
Consolidated
Revenues
 
 
 
 
 
 
 
 
 
 
 
Net earned premiums
$
2,256,575

 
$
1,552,304

 
$
1,745,386

 
$
801,976

 
$

 
$
6,356,241

Fees and other income
541,717

 
296,248

 
48,136

 
18,947

 
15,646

 
920,694

Net investment income
283,378

 
65,621

 
19,888

 
84,281

 
15,657

 
468,825

Net realized gains on investments

 

 

 

 
22,157

 
22,157

Amortization of deferred gains and gains on disposal of businesses

 

 

 

 
9,743

 
9,743

Total revenues
3,081,670

 
1,914,173

 
1,813,410

 
905,204

 
63,203

 
7,777,660

Benefits, losses and expenses
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits
685,946

 
591,652

 
1,894,049

 
560,999

 

 
3,732,646

Amortization of deferred acquisition
  costs and value of business acquired
809,001

 
220,560

 
10,694

 
24,070

 

 
1,064,325

Underwriting, general and
  administrative expenses
1,351,600

 
725,518

 
412,678

 
270,381

 
88,210

 
2,848,387

Interest expense

 

 

 

 
41,335

 
41,335

Total benefits, losses and
  expenses
2,846,547

 
1,537,730

 
2,317,421

 
855,450

 
129,545

 
7,686,693

Segment income (loss) before
  provision (benefit) for income tax
235,123

 
376,443

 
(504,011
)
 
49,754

 
(66,342
)
 
90,967

Provision (benefit) for income taxes
67,504

 
126,565

 
(151,870
)
 
17,900

 
(44,943
)
 
15,156

Segment income (loss) after tax
$
167,619

 
$
249,878

 
$
(352,141
)
 
$
31,854

 
$
(21,399
)
 
 
Net income
 
 
 
 
 
 
 
 
 
 
$
75,811

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

 
$
3,648,738

 
$
1,437,032

 
$
2,190,808

 
$
8,403,340

 
$
30,036,402