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September 04, 2015 1:50 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: 54
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 2015.

Assurant Solutions Inc. Key Developments

eBay Motors Partners with Assurant Solutions to Extend Warranties on Purchases

eBay Motors in partnership with Assurant Solutions announced that eBay will be offering all US buyers access to participate in the Assurant Protection Plan. Through the plan, eBay Motors shoppers can purchase extended service contracts on new, used, and refurbished automotive parts and accessories. The Assurant Protection Plan on eBay Motors will offer the following: Extended service contracts for new and used parts and accessories, such as stereos, GPS systems and tools; Protection for one-to-two years for new auto parts, tools and electronic components against mechanical and electrical failures; Protection for six months to one-year for used and refurbished auto parts, tools and electronic components against mechanical and electrical failures; No deductibles or hidden fees; An on-demand online claims submission; and Anytime cancellation - including a full refund within the first 30 days.

Assurant Solutions Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Assurant Solutions reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net operating income of USD 60.8 million compared to USD 59.5 million reported a year ago. Net earned premiums, fees and other was USD 931.2 million compared to USD 933.4 million reported a year ago. Net operating income increased due to an USD 8.4 million net tax benefit primarily from international operations. Premiums decreased in the quarter due to foreign exchange volatility and the loss of a mobile tablet program. For the six months, the company reported net operating income of USD 115.2 million compared to USD 109.0 million reported a year ago. Net earned premiums, fees and other was USD 1,858.7 million compared to USD 1,827.4 million reported a year ago. For the year 2015, the company’s 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 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.

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