Assurant 2013 Annual Report Download - page 133

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ASSURANT, INC. – 2013 Form 10-K F-47
18 Accumulated Other Comprehensive Income
17. Stock Repurchase
The following table shows the shares repurchased during the periods indicated:
Period in 2013
Number of
Shares Purchased
Average
Price Paid
Per Share
Total Number of Shares
Purchased as Part of
Publicly Announced Programs
January 0 $ 0.00 0
February 0 0.00 0
March 600,000 44.28 600,000
April 1,803,621 46.29 1,803,621
May 1,383,080 48.92 1,383,080
June 459,412 50.08 459,412
July 376,300 52.68 376,300
August 814,900 55.01 814,900
September 735,525 54.77 735,525
October 786,676 57.13 786,676
November 270,000 60.79 270,000
December 477,500 65.27 477,500
TOTAL 7,707,014 $ 51.66 7,707,014
On May 14, 2012, the Company’s Board of Directors authorized
the Company to repurchase up to $600,000 of its outstanding
common stock. On November 18, 2013, the Company’s Board
of Directors authorized the Company to repurchase up to
an additional $600,000 of its outstanding common stock,
making the total remaining under the authorization $752,436
as of that date.
During the year ended December 31, 2013, the Company
repurchased 7,707,014 shares of the Company’s outstanding
common stock at a cost of $398,026, exclusive of commissions,
leaving $704,874 remaining under the total repurchase
authorization at December 31, 2013.
18. Accumulated Other Comprehensive Income
Certain amounts included in the consolidated statements of comprehensive income are net of reclassifi cation adjustments.
The following table summarizes those reclassifi cation adjustments (net of taxes):
Year Ended December 31, 2013
Foreign
currency
translation
adjustment
Unrealized
gains on
securities
OTTI
Pension
under-
funding
Accumulated
other
comprehensive
income
Balance at December 31, 2012 $ 6,882 $ 981,879 $ 23,861 $ (182,219) $ 830,403
Other comprehensive (loss) income before
reclassifi cations (45,649) (478,853) (2,237) 77,938 (448,801)
Amounts reclassifi ed from accumulated other
comprehensive income 0 23,045 4,803 17,380 45,228
Net current-period other comprehensive (loss)
income (45,649) (455,808) 2,566 95,318 (403,573)
Balance at December 31, 2013 $ (38,767) $ 526,071 $ 26,427 $ (86,901) $ 426,830