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ASSURANT, INC. – 2013 Form 10-KF-36
12 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
2014 $ 57,724
2015 55,337
2016 53,528
2017 50,492
2018 41,783
Thereafter 93,047
TOTAL OTHER INTANGIBLE ASSETS WITH FINITE LIVES 351,911
TOTAL OTHER INTANGIBLE ASSETS WITH INDEFINITE LIVES 2,725
TOTAL OTHER INTANGIBLE ASSETS $ 354,636
12. Reserves
The following table provides reserve information of the Company’s major product lines at the dates shown:
December 31, 2013 December 31, 2012
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 $ 4,453,154 $ 185,863 $ 14,236 $ 5,901 $ 4,306,947 $ 154,998 $ 13,139 $ 7,297
Life insurance no
longer offered 432,075 565 2,200 2,690 445,347 574 3,110 4,437
Universal life and
other products no
longer offered 189,319 125 735 3,110 210,037 127 825 5,133
FFG, LTC and other
disposed businesses 3,440,947 34,158 740,704 75,195 3,424,511 35,862 713,258 55,661
Medical 94,436 10,454 3,840 9,799 89,540 10,293 6,831 10,016
All other 36,641 475 14,943 8,422 37,123 455 15,786 8,904
Short Duration
Contracts:
Group term life 0 4,135 169,972 29,799 0 3,681 172,804 30,953
Group disability 0 2,537 1,156,693 115,158 0 2,143 1,189,656 119,431
Medical 0 125,817 68,869 153,313 0 111,351 99,549 148,209
Dental 0 5,140 2,402 17,461 0 4,648 2,442 15,896
Property and warranty 0 2,514,356 201,336 437,888 0 2,368,372 459,586 707,472
Credit life and
disability 0 314,420 39,419 52,096 0 323,510 46,406 57,794
Extended service
contracts 0 3,331,936 6,622 36,790 0 3,068,652 7,654 38,596
All other 0 132,691 3,203 16,575 0 107,594 2,246 17,499
TOTAL
$ 8,646,572 $ 6,662,672 $ 2,425,174 $ 964,197 $ 8,513,505 $ 6,192,260 $ 2,733,292 $ 1,227,298