Assurant 2011 Annual Report Download - page 21

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ASSURANT, INC.2011 Form10-K 13
PARTI
ITEM 1A Risk Factors
Other Information
Customer Concentration
No one customer or group of a liated customers accounts for 10%
or more of the Company’s consolidated revenues.
Employees
We had approximately 14,100 employees as of February15,2012.
Assurant Solutions has employees in Argentina, Brazil, Italy, Spain and
Mexico that are represented by labor unions and trade organizations.
We believe that employee relations are satisfactory.
Sources of Liquidity
For a discussion of the Company’s sources and uses of funds, see “Item7—
Management’s Discussion and Analysis of Financial Condition and Results
of Operations—Liquidity and Capital Resources,” and Note14 to the
Consolidated Financial Statements contained elsewhere in this report.
Taxation
For a discussion of tax matters a ecting the Company and its operations,
see Note7 to the Consolidated Financial Statements contained elsewhere
in this report.
Financial Information about Reportable Business
Segments
For  nancial information regarding reportable business segments of
the Company, see “Item7—Management’s Discussion and Analysis of
Financial Condition and Results of Operations,” and Note22 to the
Consolidated Financial Statements contained elsewhere in this report.
Available Information
Our annual reports on Form10-K, quarterly reports on Form10-Q,
current reports on Form8-K, the Statements of Bene cial Ownership
of Securities on Forms 3, 4 and 5 for our Directors and O cers and all
amendments to such reports,  led or furnished pursuant to Section13(a)
or 15(d) of the Securities Exchange Act of 1934, as amended, are available
free of charge through the SEC website at www.sec.gov. ese documents
are also available free of charge through the Investor Relations page of
our website (www.assurant.com) as soon as reasonably practicable after
ling. Other information found on our website is not part of this or
any other report  led with or furnished to the SEC.
ITEM 1A Risk Factors
Certain factors may have a material adverse e ect on our business,  nancial condition and results of operations and you should carefully consider
them. It is not possible to predict or identify all such factors.
Risks Related to Our Company
Our revenues and profi ts may decline if we were unable
to maintain relationships with signifi cant clients,
distributors and other parties important to the success
of our business.
Our relationships and contractual arrangements with signi cant clients,
distributors, original equipment manufacturers and other parties with
whom we do business are important to the success of our segments.
Many of these arrangements are exclusive. For example, in Assurant
Solutions, we have exclusive relationships with retailers and  nancial
and other institutions through which we distribute our products,
including an exclusive distribution relationship with SCI relating to
the distribution of our preneed insurance policies. In Assurant Specialty
Property, we have exclusive relationships with mortgage lenders and
manufactured housing lenders, manufacturers and property managers.
In Assurant Health, we have exclusive distribution relationships for our
individual health insurance products with a major mutual insurance
company as well as a relationship with a well-known association through
which we provide many of our individual health insurance products.
We also have a new provider network arrangement with a national
PPO network. We also maintain contractual relationships with several
separate networks of health and dental care providers, each referred to
as a PPO, through which we obtain discounts. In Assurant Employee
Bene ts, we have relationships through DRMS with group insurance
carriers to reinsure their disability and life insurance product o erings.
Typically, these relationships and contractual arrangements have terms
ranging from one to  ve years.
Although we believe we have generally been successful in maintaining
our clients, distribution and associated relationships, if these parties
decline to renew or seek to terminate these arrangements or seek to renew
these contracts on terms less favorable to us, our results of operations