Assurant 2014 Annual Report Download - page 3

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1 ▪ 2014 ASSURANT ANNUAL REPORT
Alan B. Colberg
President and CEO
Assurant
A Message to Our
Shareholders
We accelerated change within our company as we adapted to the evolving markets we
serve through our strategy to “Adapt, Strengthen and Grow.” I am proud of and
inspired by our employees worldwide who are steadfast in living our purpose to help
people protect what matters most to them.
As 2015 began, I was honored to be appointed President and CEO and grateful for the
outstanding leadership Rob Pollock provided in that role during our formative years as
a public company. Rob, along with executive colleagues Mike Peninger, John Roberts
and Sylvia Wagner, retired in 2014 and left an enduring imprint on our company and
with so many of our employees. We thank them for their service and know that many
of our accomplishments refl ect their contributions as well.
With extensive industry expertise and deep knowledge of our specialty strategy, our
new Management Committee is energized by the many opportunities ahead for
Assurant. Together, and with the commitment of our 17,600 employees, we are focused
on generating sustained outperformance for our customers, shareholders and employees
as we build an even stronger company for the future.
2014 RESULTS: EXECUTING OUR ADAPT, STRENGTHEN AND GROW STRATEGY
Assurant’s net earned premiums, fees and other income totaled $9.7 billion, a 15.8
percent increase that refl ected both organic growth and contributions from
acquisitions. We generated $1.0 billion of fee income , a 76.2 percent year-over-year
increase as we broadened our specialty insurance products with additional adjacent,
fee-based services related to a variety of risk events.
“ 2014 was a year of signifi cant progress at Assurant
as we built and strengthened capabilities to drive
long-term, profi table growth.”