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May 25, 2015 8:54 PM ET

Insurance

Company Overview of Assurant Solutions Inc.

Company Overview

Assurant Solutions Inc. develops, underwrites, markets, and administers specialty insurance, extended service contracts, and other risk management solutions in collaborative relationships with mobile carriers, electronic goods and household appliance manufacturers, retailers, leading financial institutions, automobile dealers, funeral homes, and other entities. The company provides vehicle protection, mobile protection, pre-funded funeral insurance, and payment protection, as well as electronics, appliance, and jewelry protection insurance programs for individuals; and extended protection, mobile protection, financial protection, and pre-funded funeral insurance products for businesses. It s...

260 Interstate North Circle S.E.

Atlanta, GA 30339

United States

Phone:

770-763-1000

Fax:

770-859-4403

Key Executives for Assurant Solutions Inc.

Chief Executive Officer and President
Age: 53
Chief Financial Officer and Senior Vice President
Chief Operating Officer
Chief Executive Officer of European Businesses and President of European Businesses
Chief Executive Officer of Assurant Solutions - Brazil and President of Assurant Solutions - Brazil
Compensation as of Fiscal Year 2014.

Assurant Solutions Inc. Key Developments

Assurant Solutions Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

Assurant Solutions Inc. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, net operating income was $54.4 million compared with $49.5 million for the same period last year. Net earned premiums, fees and other was $927.5 million compared with $894.0 million for the same period last year. Net operating income increased in first quarter 2015, primarily due to growth in mobile covered devices and related-service offerings, partially offset by foreign exchange volatility. For full year 2015, the company continues to expect net earned premiums and fees and net operating income to approximate 2014 levels driven by continued growth from mobile and vehicle service contracts globally. Results to be affected by the previously disclosed loss of a domestic mobile tablet program, carrier marketing programs, declining volumes at certain retailers and foreign exchange volatility.

Assurant Solutions Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides earnings guidance for the year 2015

Assurant Solutions Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net operating income of $58.1 million against $22.3 million a year ago. For the year, the company reported net operating income of $218.9 million against $125.2 million a year ago. For the year 2015; the company expects net earned premiums and fees and net operating income to approximate 2014 levels driven by continued growth from mobile and vehicle service contracts globally.

Assurant Solutions Launches Division to Offer Protection for People Living in Connected Homes

Assurant Solutions has launched a division to offer protection for people living in connected homes. A connected, or networked, home is where healthcare, entertainment and security systems are delivered over broadband and can be controlled by a smartphone. Assurant Solutions has combined its mobile and extended warranty programmes divisions. Products and services in the new division include mobile device insurance, extended protection programmes for home appliances and consumer electronics, technical support, repair and logistics, and identity theft and data security solutions.

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