Exhibit 99.1

 

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Assurant Reports Fourth Quarter and Full-Year 2015 Financial Results

4Q 2015 Net Operating Income of $65.3 million, $0.97 per diluted share

Full-Year 2015 Net Operating Income of $454.4 million, $6.58 per diluted share

4Q 2015 Net Income of $65.7 million, $0.97 per diluted share

Full-Year 2015 Net Income of $141.6 million, $2.05 per diluted share

 

    11.3 percent annual operating ROE, excluding AOCI1

 

    $379 million returned to shareholders through dividends and share repurchases in 2015

 

    $460 million in corporate capital at year-end

NEW YORK, Feb. 9, 2016Assurant, Inc. (NYSE: AIZ), a premier provider of specialty protection products and related services, today reported results for fourth quarter and full-year ended Dec. 31, 2015.

“Assurant made significant strides in 2015 as we realigned our business portfolio and evolved our organizational framework to support sustainable long-term, profitable growth,” said Assurant President and CEO Alan B. Colberg.

“While fourth quarter results were disappointing and fell short of our expectations, we believe our transformation strategy will improve results and drive shareholder value. We are focusing resources and investments in targeted markets and increasing operating efficiency across the company as we continue to return capital to shareholders,” Colberg added.

Reconciliation of Net Operating Income to Net Income

Beginning in second quarter 2015, Assurant revised its presentation of results to reflect the company’s previously announced strategic realignment to focus on specialty housing and lifestyle protection products and services. As the company continues to wind down its health insurance business, Assurant Health results have been removed from net operating income and now are reflected in net income as runoff operations. Prior period amounts have been revised to conform to the updated presentation. In the third quarter, the company announced the sale of Assurant Employee Benefits. Assurant will continue to report this business under operating results until the sale of the business is closed, which is expected to occur by the end of first quarter 2016.


The following information was filed by Assurant Inc (AIZ) on Tuesday, February 9, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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