Annual Report and Form 10-K Annual Report
2015 Annual Report and Form 10-K Annual Report 2015 ANNUAL REPORT AND FORM 10-K Financial Highlights 2015 2014 2013 2012 2011 Total Revenue $10,325 $10,382 $9,048 $8,508 $8,273 Net Earned Premiums, Fees & Other 9,654 9,666 8,347 7,712 7,530 Net Investment Income 626 656 650 713 690 Net Operating Income1, 2 454 503 461 397 397 Shareholders’ Equity3 4,405 4,625 4,407 4,355 4,316 (U.S. dollars in millions) 1 Please see footnote 1 on page 7 of this report for more information that Assurant sold to National General Holdings Corp. on on this non-GAAP financial measure and a reconciliation of net Oct. 1, 2015. Prior year amounts have been revised to conform to operating income to its most comparable GAAP measure. the 2015 presentation. 2 Excluding Assurant Health runoff operations. Assurant Health 3 Excluding accumulated other comprehensive income (AOCI). Please runoff operations include results for the total segment, see footnote 3 on page 8 of this report for a reconciliation of this including major medical operations and portions of the business non-GAAP measure to its most comparable GAAP measure. Cash Flow Generation Dividend & Share Repurchases 2011–2015 (in millions) 2011-2015 (in millions) $600 $472 $472 $623 $582 $563 $379 $454 $296 $175 2015 2014 2013 2012 2011 2015 2014 2013 2012 2011 Share Repurchases Dividends Note: Consists of dividends from operating subsidiaries to the holding company, net of infusions, and excluding acquisitions and divestitures. VII | 2015 Assurant Annual Report A Message to Our Shareholders During 2015 we accelerated the transformation of Assurant and made Alan B.
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