Assurant 2011 Annual Report Download - page 131

Download and view the complete annual report

Please find page 131 of the 2011 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 144

  • 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
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

ASSURANT, INC.2011 Form10-K F-55
22 Segment Information
Year Ended December31, 2009
Solutions
Specialty
Property Health
Employee
Bene ts
Corporate
& Other Consolidated
Revenues
Net earned premiums and other considerations $ 2,671,041 $ 1,947,529 $ 1,879,628 $ 1,052,137 $ — $ 7,550,335
Net investment income 391,229 110,337 47,658 133,365 16,249 698,838
Net realized losses on investments — — — — (53,597) (53,597)
Amortization of deferred gain
ondisposalofbusinesses — — — — 22,461 22,461
Fees and other income 216,550 56,890 39,879 28,343 140,802 482,464
Total revenues 3,278,820 2,114,756 1,967,165 1,213,845 125,915 8,700,501
Bene ts, losses and expenses
Policyholder bene ts 1,029,151 664,182 1,410,171 757,070 7,408 3,867,982
Amortization of deferred acquisition costs and value
of business acquired 1,187,106 367,663 8,526 38,585 — 1,601,880
Underwriting, general and administrative expenses 868,242 464,865 596,172 354,316 93,769 2,377,364
Interest expense — — — — 60,669 60,669
Total bene ts, losses and expenses 3,084,499 1,496,710 2,014,869 1,149,971 161,846 7,907,895
Segment income (loss) before provision (bene t)
for income taxes and goodwill impairment 194,321 618,046 (47,704) 63,874 (35,931) 792,606
Provision (bene t) for income taxes 74,269 212,049 (17,484) 21,718 (11,520) 279,032
Segment income (loss) before goodwill impairment 120,052 405,997 (30,220) 42,156 (24,411) 513,574
Goodwill impairment — — — — 83,000 83,000
Net income $ 120,052 $ 405,997 $ (30,220) $ 42,156 $ (107,411) $ 430,574
Segment assets:
Segment assets, excluding goodwill $ 11,106,794 $ 3,190,617 $ 1,078,567 $ 2,521,667 $ 7,036,624 $ 24,934,269
Goodwill 926,398
Total assets $ 25,860,667
e Company operates primarily in the United States and Canada, but also in select international markets.
e following table summarizes selected  nancial information by geographic location for the years ended or as of December31:
Location Revenues Long- lived assets
2011
United States $ 7,233,475 $ 235,031
Foreign countries 1,039,329 7,877
TOTAL $ 8,272,804 $ 242,908
2010
United States $ 7,537,077 $ 258,777
Foreign countries 990,645 8,392
TOTAL $ 8,527,722 $ 267,169
2009
United States $ 7,837,792 $ 266,141
Foreign countries 862,709 9,279
TOTAL $ 8,700,501 $ 275,420
Revenue is based in the country where the product was sold and long-lived assets, which are primarily property and equipment, are based on the
physical location of those assets.  e Company has no reportable major customers.