UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

þ	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2005
	OR

o	TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from           to

Commission file number 033-71690

FIRST FORTIS LIFE INSURANCE COMPANY

(Exact name of registrant as specified in its charter)

NEW YORK
(State or Other Jurisdiction
of Incorporation or Organization) 13-2699219
(I.R.S. Employer
Identification No.)

308 MALTBIE STREET, SUITE 200 SYRACUSE, NEW YORK	13204
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (315) 451-0066

NOT APPLICABLE
(Former name, former address and former fiscal year, if changed since last report)

     Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes þ No o

     Indicate by check mark whether the registrant is an accelerated filer (as defined in Exchange Act Rule 12b-2).

Yes o þ

     As of August 1, 2005, there were 100,000 shares of common stock of the registrant outstanding, all of which are owned by Assurant, Inc.

     THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS H(1)(a) AND (b) OF FORM 10-Q AND IS FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT.

FIRST FORTIS LIFE INSURANCE COMPANY

QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2005

TABLE OF CONTENTS

Item		Page
Number		Number
	PART I
	FINANCIAL INFORMATION
1.	FINANCIAL STATEMENTS		2
	First Fortis Life Insurance Company Balance Sheets of at June 30, 2005 (Unaudited) and December 31, 2004		2
	First Fortis Life Insurance Company Statements of Operations (Unaudited) for the three and six months ended June 30, 2005 and 2004		4
	First Fortis Life Insurance Company Statements of Changes in Stockholder’s Equity from December 31, 2004 to June 30, 2005 (Unaudited)		5
	First Fortis Life Insurance Company Statement of Cash Flows (Unaudited) for the six months ended June 30, 2005 and 2004		6
	First Fortis Life Insurance Company Notes to the Financial Statement for the six months ended June 30, 2005 and 2004 (Unaudited)		7
2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS		10
3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK *		12
4.	CONTROLS AND PROCEDURES		12
	PART II
	OTHER INFORMATION
2.	UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS*		13
3.	DEFAULTS UPON SENIOR SECURITIES *		13
4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS *		13
5.	OTHER INFORMATION		13
6.	EXHIBITS		13
SIGNATURES			14
EX-31.1: CERTIFICATION
EX-31.2: CERTIFICATION
EX-32.1: CERTIFICATION
EX-32.2: CERTIFICATION

* Not required under reduced disclosure pursuant to General Instruction H(1) (a) and (b) of Form 10-Q

First Fortis Life Insurance Company

Balance Sheets
At June 30, 2005 (Unaudited) and December 31, 2004

	June 30,		December 31,
	2005		2004
	(in thousands except number of shares)
Assets
Investments:
Fixed maturities available for sale, at fair value (amortized cost — $116,205 in 2005 and $116,275 in 2004)	$	125,521	$	125,201
Equity securities available for sale, at fair value (cost — $8,832 in 2005 and $8,514 in 2004)		8,789		8,571
Commercial mortgage loans on real estate at amortized cost		11,734		9,125
Policy loans		90		80
Short-term investments		468		4,575
Other investments		3,309		3,565
Total investments		149,911		151,117
Cash and cash equivalents		4,384		5,360
Premiums and accounts receivable, net		5,562		4,858
Reinsurance recoverables		96,934		93,607
Due from affiliates		330		582
Accrued investment income		1,623		1,701
Tax receivable		359		1,250
Deferred acquisition costs		1,137		1,123
Deferred income taxes, net		903		1,481
Goodwill		2,038		2,038
Other assets		87		95
Assets held in separate accounts		29,496		32,446
Total assets	$	292,764	$	295,658

See the accompanying notes to the financial statements.

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First Fortis Life Insurance Company

Balance Sheets
At June 30, 2005 (Unaudited) and December 31, 2004

	June 30,		December 31,
	2005		2004
	(in thousands except number of shares)
Liabilities
Future policy benefits and expenses	$	32,431	$	29,168
Unearned premiums		18,184		20,902
Claims and benefits payable		137,863		139,270
Commissions payable		5,346		5,001
Reinsurance balances payable		2,640		2,509
Funds held under reinsurance		90		89
Deferred gain on disposal of businesses		5,858		6,492
Accounts payable and other liabilities		4,158		8,292
Liabilities related to separate accounts		29,496		32,446
Total liabilities		236,066		244,169
Stockholder’s equity
Common stock, par value $20 per share, 100,000 shares authorized, issued, and outstanding		2,000		2,000
Additional paid-in capital		43,006		43,006
Retained earnings		5,665		644
Accumulated other comprehensive income		6,027		5,839
Total stockholder’s equity		56,698		51,489
Total liabilities and stockholder’s equity	$	292,764	$	295,658

See the accompanying notes to the financial statements.

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First Fortis Life Insurance Company

Statements of Operations (Unaudited)
Three and Six Months Ended June 30, 2005 and 2004

	Three Months Ended June 30,					Six Months Ended June 30,
	2005		2004			2005		2004
			(in thousands)
Revenues
Net earned premiums and other considerations	$	15,159	$	16,409		$	30,628	$	32,101
Net investment income		2,204		2,612			4,362		5,289
Net realized gain (loss) on investments		115		(13	)		131		202
Amortization of deferred gain on disposal of businesses		316		388			634		787
Fees and other income		—		52			22		119
Total revenues		17,794		19,448			35,777		38,498
Benefits, losses and expenses
Policyholder benefits		9,339		11,752			19,025		19,821
Amortization of deferred acquisition costs and value of business acquired		435		63			640		137
Underwriting, general and administrative expenses		4,355		5,068			8,454		9,692
Total benefits, losses and expenses		14,129		16,883			28,119		29,650
Income before income taxes		3,665		2,565			7,658		8,848
Income taxes		1,232		891			2,637		3,098
Net income	$	2,433	$	1,674		$	5,021	$	5,750

See the accompanying notes to the financial statements.

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First Fortis Life Insurance Company

Statements of Changes in Stockholder’s Equity
From December 31, 2004 to June 30, 2005 (Unaudited)

							Accumulated
			Additional				Other
	Common		Paid-in		Retained		Comprehensive
	Stock		Capital		Earnings		Income		Total
	(in thousands)
Balance, December 31, 2004	$	2,000	$	43,006	$	644	$	5,839	$	51,489
Comprehensive income:
Net income		—		—		5,021		—		5,021
Other comprehensive income:
Net change in unrealized gains on securities		—		—		—		188		188
Total other comprehensive income										188
Total comprehensive income										5,209
Balance, June 30, 2005	$	2,000	$	43,006	$	5,665	$	6,027	$	56,698

See the accompanying notes to the financial statements.

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First Fortis Life Insurance Company

Statements of Cash Flows (Unaudited)
Six Months Ended June 30, 2005 and 2004

	Six Months Ended June 30,
	2005			2004
	(in thousands)
Net cash (used in) operating activities	$	(2,579	)	$	(7,298	)
Investing activities
Sales of:
Fixed maturities available for sale		5,156			12,566
Equity securities available for sale		504			562
Other invested assets		256			275
Maturities, prepayments, and scheduled redemption of:
Fixed maturities available for sale		8,540			6,643
Purchase of:
Fixed maturities available for sale		(13,505	)		(12,412	)
Equity securities available for sale		(836	)		(2,437	)
Change in commercial mortgage loans on real estate		(2,609	)		(1,859	)
Change in short term investments		4,107			3,300
Change in policy loans		(10	)		(28	)
Net cash provided by investing activities	$	1,603		$	6,610
Change in cash and cash equivalents		(976	)		(688	)
Cash and cash equivalents at beginning of period		5,360			1,060
Cash and cash equivalents at end of period	$	4,384		$	372

See the accompanying notes to the financial statements.

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First Fortis Life Insurance Company

Notes to the Financial Statements
Six Months Ended June 30, 2005 and 2004 (Unaudited)

1. Nature of Operations

First Fortis Life Insurance Company (the “Company”) is a provider of life and health insurance products. The Company is an wholly owned subsidiary of Assurant, Inc. (the “Parent”). Assurant, Inc. is traded on the New York Stock Exchange under the symbol AIZ.

The Company is domiciled in New York and is qualified to sell life, health and annuity insurance in the state of New York. The Company’s revenues are derived principally from group employee benefits and credit products. The Company offers insurance products, including life insurance policies, annuity contracts, and group life, accident and health insurance policies.

2. Basis of Presentation

The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements in conformity with GAAP requires management to make estimates when recording transactions resulting from business operations based on information currently available. The most significant items on the Company’s balance sheet that involve accounting estimates and actuarial determinations are goodwill, reinsurance recoverables, valuation of investments, deferred acquisition costs (“DAC”), liabilities for future policy benefits and expenses, claims and benefits payable and taxes. The accounting estimates and actuarial determinations are sensitive to market conditions, investment yields, mortality, morbidity, commissions and other acquisition expenses, and terminations by policyholders. As additional information becomes available or actual amounts are determinable, the recorded estimates will be revised and reflected in operating results. Although some variability is inherent in these estimates, the Company believes the amounts provided are reasonable and adequate.

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Dollar amounts are presented in U.S. dollars and all amounts are in thousands except for number of shares.

3. Recently Adopted Accounting Pronouncements

In June 2005, the FASB issued Statement of Financial Accounting Standards No. 154, Accounting Changes and Error Corrections, a replacement of APB Opinion No. 20, Accounting Changes, and Statement No. 3, Reporting Accounting Changes in Interim Financial Statements” (“FAS 154’’). FAS 154 changes the accounting and reporting of a change in accounting principle. Prior to FAS 154, the majority of voluntary changes in accounting principles were required to be recognized as a cumulative effect adjustment within net income during the period of the change. FAS 154 requires retrospective application to prior period financial statements unless it is impracticable to determine either the period-specific effects or the cumulative effect of the change. FAS 154 is effective for accounting changes made in fiscal years beginning after December 15, 2005 but does not change the transition provisions of any existing accounting pronouncements. The Company does not believe the adoption of FAS 154 will have a material effect on our consolidated financial position or results of operations.

4. Retirement and Other Employee Benefits

The Company is an indirect wholly-owned subsidiary of Assurant, Inc., which sponsors a defined benefit pension plan and certain other post retirement benefits covering employees and certain agents who meet eligibility requirements as to age and length of service. Plan assets of the defined benefit plans are not specifically identified by each participating subsidiary. Therefore, a breakdown of plan assets is not reflected in these financial statements. The Company has no legal obligation for benefits under these plans. The benefits are based on years of service and career compensation. Assurant’s pension plan funding policy is to contribute amounts to the plan

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sufficient to meet the minimum funding requirements set forth in the Employee Retirement Income Security Act of 1974, plus additional amounts as Assurant may determine to be appropriate from time to time up to the maximum permitted, and to charge each subsidiary an allocable amount based on its employee census. Pension cost allocated to the Company amounted to approximately $62 and $57 for the six months ended June 30, 2005 and 2004, respectively.

The Company participates in a contributory profit sharing plan, sponsored by Assurant, covering employees and certain agents who meet eligibility requirements as to age and length of service. Benefits are payable to participants on retirement or disability and to the beneficiaries of participants in the event of death. For employees hired on or before December 31, 2000, the first 3% of an employee’s contribution is matched 200% by the Company. The second 2% is matched 50% by the Company. For employees hired after December 31, 2000, the first 3% of an employee’s contribution is matched 100% by the Company. The second 2% is matched 50% by the Company. The amount expensed was approximately $12 and $(2) for the six months ended June 30, 2005 and 2004, respectively.

With respect to retirement benefits, the Company participates in other health care and life insurance benefit plans (postretirement benefits) for retired employees, sponsored by Assurant. Health care benefits, either through a Assurant sponsored retiree plan for retirees under age 65 or through a cost offset for individually purchased Medigap policies for retirees over age 65, are available to employees who retire on or after January 1, 1993, at age 55 or older, with 10 years or more service. Life insurance, on a retiree pay all basis, is available to those who retire on or after January 1, 1993.

5. Commitments and Contingencies

The Company is regularly involved in litigation in the ordinary course of business, both as a defendant and as a plaintiff. The Company may from time to time be subject to a variety of legal and regulatory actions relating to the Company’s current and past business operations. While the Company cannot predict the outcome of any pending or future litigation, examination or investigation, the Company does not believe that any pending matter will have a material adverse effect on the Company’s financial condition or results of operations.

The Company’s Parent has been part of industry-wide investigations into certain loss mitigation products and finite risk insurance. The Parent has previously received subpoenas for information from the United States Securities and Exchange Commission and the United States Attorney for the Southern District of New York. A disclosure of these investigations is provided in the Parent’s Quarterly report on Form 10Q for the fiscal quarter ended June 30, 2005.

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PART I

FINANCIAL INFORMATION

Item 2. Management’s Discussion And Analysis Of Financial Condition And Results Of Operations.

(Dollar amounts in thousands except share data.)

     Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) addresses the financial condition of First Fortis Life Insurance Company (FFLIC) as of June 30, 2005, compared with December 31, 2004, and its results of operations for the three and six months ended June 30, 2005, compared with the equivalent 2004 period. This discussion should be read in conjunction with FFLIC’s MD&A and annual audited financial statements as of December 31, 2004 filed with the Company’s Form 10-K for the year ended December 31, 2004 filed with the U.S. Securities and Exchange Commission (hereafter referred to as the Company’s 2004 Form 10-K) and unaudited consolidated financial statements and related notes included elsewhere in this Form 10-Q.

     Some of the statements in this MD&A and elsewhere in this report may contain forward-looking statements that reflect our current views with respect to, among other things, future events and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of those words or other comparable words. Any forward-looking statements contained in this report are based upon our historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us will be achieved. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in this report. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements you read in this report reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, financial condition, growth strategy and liquidity.

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     The table below presents information regarding our consolidated results of operations:

	For the Three Months Ended					For the Six Months Ended
	June 30,					June 30,
	2005		2004			2005		2004
	(in thousands)					(in thousands)
Revenues:
Net earned premiums and other considerations	$	15,159	$	16,409		$	30,628	$	32,101
Net investment income		2,204		2,612			4,362		5,289
Net realized gains (losses) on investments		115		(13	)		131		202
Amortization of deferred gains on disposal of businesses		316		388			634		787
Fees and other income		—		52			22		119
Total revenues		17,794		19,448			35,777		38,498
Benefits, losses and expenses:
Policyholder benefits		9,339		11,752			19,025		19,821
Selling, underwriting and general expenses(1)		4,790		5,131			9,094		9,829
Total benefits, losses and expenses		14,129		16,883			28,119		29,650
Income before income taxes		3,665		2,565			7,658		8,848
Income taxes		1,232		891			2,637		3,098
Net income	$	2,433	$	1,674		$	5,021	$	5,750

(1) Includes amortization of deferred acquisition costs and value of business acquired and underwriting, general and administrative expenses.

For The Three Months Ended June 30, 2005 Compared to The Three Months Ended June 30, 2004.

Net Income

     Net income increased by $759, or 45%, to $2,433 for the three months ended June 30, 2005 from $1,674 for the three months ended June 30, 2004. The increase in net income was due to a decrease in policyholder benefits of $2,413, partially offset by a decrease in net earned premiums and other considerations of $1,250 and a decrease in net investment income of $408.

Total Revenues

     Total revenues decreased by $1,654, or 9%, to $17,794 for the three months ended June 30, 2005 from $19,948 for the three months ended June 30, 2004. Net earned premiums and other considerations decreased by $1,250 primarily due to lower premiums in disability business written through alternate distribution sources, partially offset by smaller increases in other product lines. Amortization of deferred gains on disposal of businesses also decreased by $72 consistent with the anticipated run-off of business ceded to The Hartford in 2001 and John Hancock in 2000.

Total Expenses

     Total expenses decreased by $2,754, or 16%, to $14,129 for the three months ended June 30, 2005 from $16,883 for the three months ended June 30, 2004. The decrease in expenses was primarily due to a decrease in policyholder benefits of $2,413 driven by a reduction in disability business written through alternate distribution sources. Partially offsetting this decrease was an increase in amortization of deferred acquisition costs due to higher deferred costs being amortized in the current period as a result of a change in the mix of business.

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For The Six Months Ended June 30, 2005 Compared to The Six Months Ended June 30, 2004.

Net Income

     Net income decreased by $729, or 13%, to $5,021 for the six months ended June 30, 2005 from $5,750 for the six months ended June 30, 2004. The decrease in net income was due to a decrease in net earned premiums and other considerations of $1,473 and a decrease in net investment income of $927, partially offset by a decrease in policyholder benefits of $796 and a decrease in selling, underwriting and general expenses of $735.

Total Revenues

     Total revenues decreased by $2,721, or 7%, to $35,777 for the six months ended June 30, 2005 from $38,498 for the six months ended June 30, 2004. Net earned premiums and other considerations decreased by $1,473 primarily due to lower premiums in disability business written through alternate distribution sources, partially offset by smaller increases in other product lines. Amortization of deferred gains on disposal of businesses also decreased by $153 consistent with the anticipated run-off of business ceded to The Hartford in 2001 and John Hancock in 2000.

Total Expenses

     Total expenses decreased by $1,531, or 5%, to $28,119 for the six months ended June 30, 2005 from $29,650 for the six months ended June 30, 2004. The decrease in expenses was primarily due to a decrease in policyholder benefits of $796 driven by a reduction in disability business written through alternate distribution sources. Partially offsetting this decrease was an increase in amortization of deferred acquisition costs due to higher deferred costs being amortized in the current period as a result of a change in the mix of business.

Item 3. Quantitative And Qualitative Disclosures About Market Risk.

     Not required under the reduced disclosure format.

Item 4. Controls And Procedures.

     Under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as of June 30, 2005. Based on this evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures were effective as of that date in providing a reasonable level of assurance that information we are required to disclose in reports we file or furnish under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods in SEC rules and forms. Further, our disclosure controls and procedures were effective in providing a reasonable level of assurance that information required to be disclosed by us in such reports is accumulated and communicated to our management, including our Chief Executive Officer and our Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

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PART II
OTHER INFORMATION

Item 2. Unregistered Sale of Equity Securities and Use of Proceeds.

     Not required under the reduced disclosure format.

Item 3. Defaults Upon Senior Securities.

     Not required under the reduced disclosure format.

Item 4. Submission of Matters to a Vote of Security Holders.

     Not required under the reduced disclosure format.

Item 5. Other Information.

(a)	None.
(b)	Because all of the Company’s outstanding common stock is held indirectly by Assurant, Inc., the Company does not file a Schedule 14A and has not adopted any procedures by which security holders may recommend nominees to the registrant’s board of directors.

Item 6. Exhibits

     The following exhibits either (a) are filed with this report or (b) have previously been filed with the SEC and are incorporated herein by reference to those prior filings. Exhibits are available upon request at the investor relations section of our website, located at www.assurant.com.

31.1	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer.
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer.
32.1	Certification of Chief Executive Officer of First Fortis Life Insurance Company pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer of First Fortis Life Insurance Company pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on August 12, 2005.

 FIRST FORTIS LIFE INSURANCE COMPANY

 By: /s/ Lance R. Wilson

Name: Lance R. Wilson

Title: President and Chief Executive

        Officer (Principal Executive

        Officer)

 By: /s/ Ranell M. Jacobson

Name: Ranell Jacobson

Title: Treasurer

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