Assurant 2011 Annual Report Download - page 130

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ASSURANT, INC.2011 Form10-KF-54
22 Segment Information
e following tables summarize selected  nancial information by segment for the years ended December31, 2011, 2010 and 2009:
Year Ended December31, 2011
Solutions
Specialty
Property Health
Employee
Bene ts
Corporate
& Other Consolidated
Revenues
Net earned premiums and other considerations $ 2,438,407 $ 1,904,638 $ 1,718,300 $ 1,064,023 $ — $ 7,125,368
Net investment income 393,575 103,259 45,911 129,640 17,147 689,532
Net realized gains on investments — — — — 32,580 32,580
Amortization of deferred gain on disposal of businesses — — — — 20,461 20,461
Fees and other income 265,204 79,337 34,635 25,382 305 404,863
Total revenues 3,097,186 2,087,234 1,798,846 1,219,045 70,493 8,272,804
Bene ts, losses and expenses
Policyholder bene ts 852,729 857,223 1,271,060 767,723 6,474 3,755,209
Amortization of deferred acquisition costs and value
ofbusiness acquired 1,055,787 355,573 605 36,610 — 1,448,575
Underwriting, general and administrative expenses 969,714 412,188 460,041 349,403 102,359 2,293,705
Interest expense — — — — 60,360 60,360
Total bene ts, losses and expenses 2,878,230 1,624,984 1,731,706 1,153,736 169,193 7,557,849
Segment income (loss) before provision (bene t)
forincome taxes 218,956 462,250 67,140 65,309 (98,700) 714,955
Provision (bene t) for income taxes 77,403 157,185 26,254 22,196 (113,922) 169,116
Net income $ 141,553 $ 305,065 $ 40,886 $ 43,113 $ 15,222 $ 545,839
Segment assets:
Segment assets, excluding goodwill $ 11,555,222 $ 3,387,685 $ 1,043,956 $ 2,510,979 $ 7,978,506 $ 26,476,348
Goodwill 639,097
Total assets $ 27,115,445
Year Ended December31, 2010
Solutions
Specialty
Property Health
Employee
Bene ts
Corporate
& Other Consolidated
Revenues
Net earned premiums and other considerations $ 2,484,299 $ 1,953,223 $ 1,864,122 $ 1,101,395 $ — $ 7,403,039
Net investment income 397,297 107,092 48,540 132,388 17,873 703,190
Net realized gains on investments — — — — 48,403 48,403
Amortization of deferred gain on disposal of businesses — — — — 10,406 10,406
Fees and other income 228,052 69,147 40,133 25,152 200 362,684
Total revenues 3,109,648 2,129,462 1,952,795 1,258,935 76,882 8,527,722
Bene ts, losses and expenses
Policyholder bene ts 889,387 684,652 1,302,928 766,049 (2,038) 3,640,978
Amortization of deferred acquisition costs and value of
business acquired 1,104,925 374,029 6,877 35,407 — 1,521,238
Underwriting, general and administrative expenses 947,703 423,967 558,183 360,352 101,830 2,392,035
Interest expense — — — — 60,646 60,646
Total bene ts, losses and expenses 2,942,015 1,482,648 1,867,988 1,161,808 160,438 7,614,897
Segment income (loss) before provision (bene t) for
income taxes and goodwill impairment 167,633 646,814 84,807 97,127 (83,556) 912,825
Provision (bene t) for income taxes 64,427 222,527 30,778 33,589 (24,054) 327,267
Segment income (loss) before goodwill impairment 103,206 424,287 54,029 63,538 (59,502) 585,558
Goodwill impairment — — — — 306,381 306,381
Net income $ 103,206 $ 424,287 $ 54,029 $ 63,538 $ (365,883) $ 279,177
Segment assets:
Segment assets, excluding goodwill $ 10,916,959 $ 3,164,604 $ 1,046,662 $ 2,487,966 $ 8,161,048 $ 25,777,239
Goodwill 619,779
Total assets $ 26,397,018