Assurant 2010 Annual Report Download - page 74

Download and view the complete annual report

Please find page 74 of the 2010 Assurant annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 138

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138

F-4 ASSURANT, INC.2010 Form 10K
Consolidated Statements of Changes in Stockholders’ Equity
AT DECEMBER 31, 2010, 2009 AND 2008
(in thousands except number of shares)
Common
Stock
Additional
Paid-in
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income (loss) Treasury Stock Total
Balance, January 1, 2008 $ 1,438 $ 2,904,970 $ 2,269,107 $ 53,911 $ (1,140,523) $ 4,088,903
Stock plan exercises 5 (6,621) — — — (6,616)
Stock plan compensation expense — 24,129 — — — 24,129
Change in tax benefi t from share-based payment
arrangements — 5,682 — — — 5,682
Dividends — — (63,672) — — (63,672)
Acquisition of common stock — — — — (59,000) (59,000)
Cumulative eff ect of change in accounting principles
(Note 2) — — (2,860) — — (2,860)
Comprehensive loss:
Net income — — 447,796 — — 447,796
Other comprehensive loss:
Net change in unrealized gains on securities,
net of taxes of $269,502 — — — (501,784) — (501,784)
Net change in foreign currency translation,
net of taxes of 24,961 — — — (130,379) — (130,379)
Amortization of pension and postretirement
unrecognized net periodic benefi t cost and change
in funded status, net of taxes of $49,914 — — — (92,694) — (92,694)
Total other comprehensive loss (724,857)
Total comprehensive loss: (277,061)
Balance, December 31, 2008 $ 1,443 $ 2,928,160 $ 2,650,371 $ (670,946) $ (1,199,523) $ 3,709,505
Stock plan exercises 4 6,225 — — — 6,229
Stock plan compensation expense — 30,288 — — — 30,288
Change in tax benefi t from share-based payment
arrangements — (1,790) — — — (1,790)
Dividends — — (69,596) — — (69,596)
Acquisition of common stock — — — — (31,949) (31,949)
Cumulative eff ect of change in accounting principles
(Note 2) — — 43,117 (43,117) — —
Comprehensive income:
Net income — — 430,574 — — 430,574
Other comprehensive income:
Net change in unrealized losses on securities,
net of taxes of $(353,445) — — — 708,309 — 708,309
Net change in other-than-temporary impairment
gains recognized in other comprehensive income,
net of taxes of $(7,556) 14,033 — 14,033
Net change in foreign currency translation,
net of taxes of $(17,551) — — — 69,856 — 69,856
Amortization of pension and postretirement
unrecognized net periodic benefi t cost and change
in funded status, net of taxes of $6,579 — — — (12,210) — (12,210)
Total other comprehensive income 779,988
Total comprehensive income: 1,210,562
Balance, December 31, 2009 $ 1,447 $ 2,962,883 $ 3,054,466 $ 65,925 $ (1,231,472) $ 4,853,249
Stock plan exercises 6 3,195 — — — 3,201
Stock plan compensation expense — 34,591 — — — 34,591
Change in tax benefi t from share-based payment
arrangements — (6,712) — — — (6,712)
Dividends — — (69,618) — — (69,618)
Acquisition of common stock — — — — (532,950) (532,950)