Assurant 2014 Annual Report Download - page 29

ASSURANT, INC. – 2014 Form 10-K 15
PART I
ITEM 1A Risk Factors
Other Information
Customer Concentration
No one customer or group of affi liated customers accounts
for 10% or more of the Company’s consolidated revenues.
Employees
We had approximately 17,600 employees as of January 31,
2015. Assurant Solutions has employees in Argentina, Brazil,
Italy, Spain and Mexico that are represented by labor unions
and trade organizations. We believe that employee relations
are satisfactory.
Sources of Liquidity
For a discussion of the Company’s sources and uses of funds,
see “Item 7—Management’s Discussion and Analysis of Financial
Condition and Results of Operations—Liquidity and Capital
Resources,” and Note 15 to the Consolidated Financial
Statements contained elsewhere in this report.
Taxation
For a discussion of tax matters affecting the Company and
its operations, see Note 8 to the Consolidated Financial
Statements contained elsewhere in this report.
Financial Information about Reportable
Business Segments
For fi nancial information regarding reportable business
segments of the Company, see “Item 7—Management’s
Discussion and Analysis of Financial Condition and Results
of Operations,” and Note 22 to the Consolidated Financial
Statements contained elsewhere in this report.
Available Information
Our annual reports on Form 10-K, quarterly reports on Form
10-Q, current reports on Form 8-K, the Statements of Benefi cial
Ownership of Securities on Forms 3, 4 and 5 for our Directors
and Offi cers and all amendments to such reports, fi led or
furnished pursuant to Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended, are available free of charge
through the SEC website at www.sec.gov. These documents
are also available at the SEC’s Public Reference Room at 100
F Street, NE, Washington, DC 20549. Further information on
the operation of the Public Reference Room can be found by
calling the SEC at 1-800-SEC-0330. These documents are also
available free of charge through the Investor Relations page
of our website (www.assurant.com) as soon as reasonably
practicable after fi ling. Other information found on our
website is not part of this or any other report fi led with or
furnished to the SEC.
ITEM 1A Risk Factors
Certain factors may have a material adverse effect on our business, fi nancial condition and results of operations and you
should carefully consider them. It is not possible to predict or identify all such factors.
Risks Related to Our Company
Our revenues and profi ts may decline if we were
unable to maintain relationships with signifi cant
clients, distributors and other parties important
to the success of our business.
The success of our business depends largely on our relationships
and contractual arrangements with signifi cant clients—including
mortgage servicers, lenders, mobile device carriers, retailers,
OEMs and others—and with brokers, agents and other parties.
Many of these arrangements are exclusive and some rely on
preferred provider or similar relationships. For example, in
Assurant Solutions, we have important relationships with
mobile device carriers, retailers and fi nancial and other
institutions through which we distribute our products, including
an exclusive distribution relationship with SCI relating to the
distribution of our preneed insurance policies. In Assurant
Specialty Property, we have exclusive and non-exclusive
relationships with certain mortgage lenders and manufactured
housing lenders and property managers, and we are eligible
to insure properties securing loans guaranteed by or sold to
government-sponsored entities (“GSEs”) and serviced by
the mortgage loan servicers with whom we do business. In
Assurant Health, we have distribution relationships for our
individual health insurance products with a major mutual
insurance company as well as an exclusive relationship
with a well-known association through which we provide
many of our individual health insurance products. We also
have a new provider network arrangement with a national
PPO network. We also maintain contractual relationships