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August 04, 2015 7:20 PM ET

Insurance

Company Overview of Union Security Insurance Company, Inc.

Company Overview

Union Security Insurance Company, Inc., doing business as Assurant Employee Benefits, operates as a marketer and underwriter of employee benefits to small and mid-size employer groups in the United States. The company specializes in providing employee benefits and services, including long-term and short-term disability, term life, accidental death and dismemberment, vision insurance, dental coverage, and disability reinsurance management services, as well as voluntary benefits for cancer, critical illness, and accident. It also provides employee-paid (voluntary) benefits, such as hospital confinement indemnity, individual and family prepaid dental products, self-funded disability plans, dent...

2323 Grand Boulevard

Kansas City, MO 64108

United States

Founded in 1910

1,335 Employees

Phone:

816-474-2345

Fax:

816-881-8993

Key Executives for Union Security Insurance Company, Inc.

President
Age: 47
Chairman, Chief Financial Officer and Senior Vice President
Age: 47
Director, Chief Executive Officer of Assurant Solutions and President of Assurant Solutions
Age: 54
President of Disability RMS
Age: 62
Chief Information Officer and Senior Vice President
Age: 55
Compensation as of Fiscal Year 2015.

Union Security Insurance Company, Inc. Key Developments

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

Assurant Employee Benefits 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 11.3 million compared to USD 14.4 million reported a year ago. Net earned premiums, fees and other was USD 275.6 million compared to USD 268.8 million reported a year ago. Net operating income decreased in the quarter, primarily due to less favorable life and disability loss experience. Net earned premiums, fees and other income increased in second quarter 2015 due to continued growth in voluntary products. Sales increased slightly in the quarter. The increase reflects higher voluntary product sales, partially offset by a decline in employer-paid products. For the six months, the company reported net operating income of USD 21.4 million compared to USD 28.3 million reported a year ago. Net earned premiums, fees and other was USD 548.8 million compared to USD 536.5 million reported a year ago. For the year 2015, the company’s net earned premiums and fees to increase compared to 2014 due to growth in voluntary products.

Union Security Insurance Company, Inc. expected to report Q2 2015 results on August 4, 2015. This event was calculated by Capital IQ (Created on May 27, 2015).

Union Security Insurance Company, Inc. expected to report Q2 2015 results on August 4, 2015. This event was calculated by Capital IQ (Created on May 27, 2015).

Assurant Employee Benefits Appoints Marc Warrington as President

Assurant announced the appointment of Marc Warrington as president of Assurant Employee Benefits. Warrington succeed Adam D. Lamnin, who is stepping down from his role as president and CEO of Assurant Employee Benefits. Lamnin will remain with Assurant through the end of May 2015 to support Warrington as he move into their new role. J. Marc Warrington is the incoming president of Assurant Employee Benefits, effective June 1, 2015. Currently, Mr. Warrington serves as senior vice president of sales. Mr. Warrington joined Assurant Employee Benefits in 1996 as district sales director in the Orange County, California sales office. He was named regional sales director of the Houston sales office in 1999 and regional sales manager later that year. In 2001, Mr. Warrington was appointed regional vice president and, in 2003, he was named vice president of sales. He was named senior vice president of sales in 2005.

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