Assurant Provides Historical Statements of Operations for Solutions and Specialty Property Businesses; Condensed Balance Sheets
July 19 2006 - 5:58PM
PR Newswire (US)
NEW YORK, July 19 /PRNewswire-FirstCall/ -- Assurant, Inc.
("Assurant") (NYSE:AIZ), a premier provider of specialty insurance
and insurance-related products and services, announced today that
it has completed the re-alignment of its financial reporting
segments and is providing additional historical financial
information relating to the company's business segmentation. The
company is filing a Form 8-K with the Securities and Exchange
Commission that provides this information. Access to this
information is also available through Assurant's Web site at
http://www.assurant.com/. After connecting to the home page, click
on Investor Relations, then SEC Filings, to access the 8-K filing.
In July 2005, Assurant announced that it would separate its
Assurant Solutions business into two separate businesses, Assurant
Solutions and Assurant Specialty Property, in a strategic move
intended to enhance each unit's ability to leverage the resources
necessary to be innovative and focused in serving their respective
markets. In addition, upon the sale of its U.S. independent preneed
franchise in November of 2005, Assurant announced that it would
re-align its remaining preneed operations into its Assurant
Solutions business. Statement of Operations for the new Assurant
Reporting Segments The additional historical financial information
contains condensed segment statements of operations for Assurant
Solutions (including the former Assurant Preneed business),
Assurant Specialty Property, Assurant Health, Assurant Employee
Benefits and Assurant Corporate & Other for the five quarters
ended March 31, 2006 and fiscal years 2005 and 2004. As part of the
re-alignment process, certain run-off products have been
reclassified to the Assurant Corporate & Other segment.
Condensed Balance Sheets The additional historical financial
information also includes a condensed balance sheet for each of
Assurant's reporting segments -- Assurant Solutions, Assurant
Specialty Property, Assurant Health, Assurant Employee Benefits,
and Assurant Corporate & Other -- at December 31, 2005.
Assurant is a premier provider of specialized insurance products
and related services in North America and selected international
markets. Its four key businesses -- Assurant Employee Benefits,
Assurant Health, Assurant Solutions and Assurant Specialty Property
-- have partnered with clients who are leaders in their industries
and have built leadership positions in a number of specialty
insurance market segments worldwide. Assurant, a Fortune 500
company, is traded on the New York Stock Exchange under the symbol
AIZ. Assurant has over $20 billion in assets and $7 billion in
annual revenue. http://www.assurant.com/ DATASOURCE: Assurant, Inc.
CONTACT: Press - Drew Guthrie, Manager, Communications and Media
Relations, +1-212-859-7002, Fax - +1-212-859-5893, , or Investor
Relations - Melissa Kivett, Senior Vice President, +1-212-859-7029,
Fax - +1-212-859-5893, , or Larry Cains, Senior Vice President,
+1-212-859-7045, Fax - +1-212-859-5893, , all of Assurant, Inc. Web
site: http://www.assurant.com/
Copyright
Assurant (NYSE:AIZ)
Historical Stock Chart
From Jun 2024 to Jul 2024
Assurant (NYSE:AIZ)
Historical Stock Chart
From Jul 2023 to Jul 2024