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ASSURANT, INC. – 2014 Form 10-K F-37
13 Reserves
Other intangible assets that have fi nite lives, including customer relationships, customer contracts and other intangible
assets, are amortized over their useful lives. The estimated amortization of other intangible assets and the amount of
indefi nite lived intangible assets, which mainly include state licenses, are as follows:
Year Amount
2015 $ 73,182
2016 69,198
2017 63,530
2018 51,288
2019 34,458
Thereafter 87,579
TOTAL OTHER INTANGIBLE ASSETS WITH FINITE LIVES 379,235
TOTAL OTHER INTANGIBLE ASSETS WITH INDEFINITE LIVES 2,725
TOTAL OTHER INTANGIBLE ASSETS $ 381,960
13. Reserves
The following table provides reserve information of the Company’s major product lines at the dates shown:
December 31, 2014 December 31, 2013
Future
Policy
Benefi ts and
Expenses
Unearned
Premiums
Claims and Benefi ts
Payable
Future
Policy
Benefi ts and
Expenses
Unearned
Premiums
Claims and Benefi ts
Payable
Case
Reserves
Incurred
But Not
Reported
Reserves
Case
Reserves
Incurred
But Not
Reported
Reserves
Long Duration
Contracts:
Preneed funeral life
insurance policies
and investment-type
annuity contracts $ 4,618,505 $ 4,872 $ 14,696 $ 6,456 $ 4,453,154 $ 185,863 $ 14,236 $ 5,901
Life insurance no
longer offered 418,672 570 2,272 1,301 432,075 565 2,200 2,690
Universal life and
other products no
longer offered 168,808 136 704 1,959 189,319 125 735 3,110
FFG, LTC and other
disposed businesses 4,153,741 46,585 881,514 97,524 3,440,947 34,158 740,704 75,195
Medical 87,563 7,254 1,959 7,886 94,436 10,454 3,840 9,799
All other 36,383 382 13,863 9,803 36,641 475 14,943 8,422
Short Duration
Contracts:
Group term life — 2,905 169,006 28,786 — 4,135 169,972 29,799
Group disability — 1,564 1,127,068 107,961 — 2,537 1,156,693 115,158
Medical — 130,185 137,370 240,830 — 125,817 68,869 153,313
Dental — 4,013 2,251 17,037 — 5,140 2,402 17,461
Property and warranty — 2,386,719 130,517 546,979 — 2,514,356 201,336 437,888
Credit life and
disability — 241,092 34,581 43,298 — 314,420 39,419 52,096
Extended service
contracts — 3,568,352 6,780 42,054 — 3,331,936 6,622 36,790
All other — 135,046 5,375 18,776 — 132,691 3,203 16,575
TOTAL
$ 9,483,672 $ 6,529,675 $ 2,527,956 $ 1,170,650 $ 8,646,572 $ 6,662,672 $ 2,425,174 $ 964,197