2015 Q4 Form 10-Q Financial Statement

#000162828015008178 Filed on November 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $2.548B $2.534B $2.702B
YoY Change -2.85% -6.23% 19.65%
Cost Of Revenue $1.254B $1.124B
YoY Change 11.61% 20.33%
Gross Profit $1.280B $1.579B
YoY Change -18.93% 19.17%
Gross Profit Margin 50.51% 58.42%
Selling, General & Admin $1.076B $957.0M $953.6M
YoY Change 6.81% 0.36% 29.33%
% of Gross Profit 74.77% 60.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.424B $957.0M $953.6M
YoY Change -3.76% 0.36% 29.33%
Operating Profit $323.0M $625.2M
YoY Change -48.34% 6.42%
Interest Expense -$13.80M $13.78M $13.78M
YoY Change 0.0% 0.02% -33.68%
% of Operating Profit 4.27% 2.2%
Other Income/Expense, Net
YoY Change
Pretax Income $110.2M -$32.25M $224.8M
YoY Change 21.99% -114.35% 15.87%
Income Tax $44.50M -$25.23M $84.45M
% Of Pretax Income 40.38% 37.58%
Net Earnings $65.74M -$7.022M $140.3M
YoY Change 32.14% -105.01% 8.94%
Net Earnings / Revenue 2.58% -0.28% 5.19%
Basic Earnings Per Share $0.99 -$0.10 $1.94
Diluted Earnings Per Share $0.97 -$0.10 $1.92
COMMON SHARES
Basic Shares Outstanding 65.84M shares 67.63M shares 72.18M shares
Diluted Shares Outstanding 67.63M shares 73.05M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.288B $1.544B $1.411B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $298.4M $286.8M $274.4M
YoY Change 7.48% 4.49% 8.04%
Goodwill $833.5M $841.2M $816.8M
YoY Change -0.92% 2.98%
Intangibles $277.2M $300.8M $369.0M
YoY Change -27.44% -18.49%
Long-Term Investments $12.95B $13.46B $14.56B
YoY Change -8.04% -7.59% -1.77%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $30.04B $30.59B $30.67B
YoY Change -4.84% -0.28% 4.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.050B $2.189B $1.794B
YoY Change -23.39% 22.02% 2.34%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.340B $6.705B $5.994B
YoY Change -7.61% 11.86% 7.71%
LONG-TERM LIABILITIES
Long-Term Debt $1.165B $1.171B $1.171B
YoY Change -0.51% 0.0% -28.51%
Other Long-Term Liabilities $92.00M $142.0M $184.0M
YoY Change -53.3% -22.83% -7.54%
Total Long-Term Liabilities $1.257B $1.313B $1.355B
YoY Change -8.11% -3.1% -26.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.340B $6.705B $5.994B
Total Long-Term Liabilities $1.257B $1.313B $1.355B
Total Liabilities $25.51B $25.90B $25.33B
YoY Change -3.29% 2.26% 3.11%
SHAREHOLDERS EQUITY
Retained Earnings $4.857B $4.824B $4.779B
YoY Change 0.99% 0.95%
Common Stock $3.150B $3.140B $3.119B
YoY Change 0.55% 0.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $3.601B $3.527B $3.215B
YoY Change 8.58% 9.7%
Treasury Stock Shares 83.52M shares 82.60M shares 77.80M shares
Shareholders Equity $4.524B $4.684B $5.343B
YoY Change
Total Liabilities & Shareholders Equity $30.04B $30.59B $30.67B
YoY Change -4.84% -0.28% 4.51%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $65.74M -$7.022M $140.3M
YoY Change 32.14% -105.01% 8.94%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$291.7M $346.8M $252.9M
YoY Change 68.81% 37.13% -43.84%
INVESTING ACTIVITIES
Capital Expenditures -$25.50M -$27.10M -$28.00M
YoY Change 3.24% -3.21% 141.38%
Acquisitions
YoY Change
Other Investing Activities $219.4M $41.80M -$150.1M
YoY Change -5.47% -127.85% -47.59%
Cash From Investing Activities $193.9M $14.60M -$178.1M
YoY Change -6.51% -108.2% -40.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -137.1M -94.90M -52.50M
YoY Change 16.28% 80.76% -60.76%
NET CHANGE
Cash From Operating Activities -291.7M 346.8M 252.9M
Cash From Investing Activities 193.9M 14.60M -178.1M
Cash From Financing Activities -137.1M -94.90M -52.50M
Net Change In Cash -234.9M 266.5M 22.30M
YoY Change 181.99% 1095.07% 20.54%
FREE CASH FLOW
Cash From Operating Activities -$291.7M $346.8M $252.9M
Capital Expenditures -$25.50M -$27.10M -$28.00M
Free Cash Flow -$266.2M $373.9M $280.9M
YoY Change 79.74% 33.11% -39.19%

Facts In Submission

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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
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CY2015Q3 us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
0.30
us-gaap Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
0.89
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EarningsPerShareBasicUndistributed
1.67
us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
5.01
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EarningsPerShareBasicUndistributed
-0.40
us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
0.21
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1.92
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EarningsPerShareDiluted
5.74
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EarningsPerShareDiluted
-0.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
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EarningsPerShareDilutedDistributed
0.27
us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.79
CY2015Q3 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.30
us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.88
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EarningsPerShareDilutedUndistributed
1.65
us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
4.95
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EarningsPerShareDilutedUndistributed
-0.40
us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.21
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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0 USD
CY2015Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2014Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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0 USD
CY2015Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
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0 USD
CY2014Q4 us-gaap Funds Held Under Reinsurance Agreements Liability
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75161000 USD
CY2015Q3 us-gaap Funds Held Under Reinsurance Agreements Liability
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17744000 USD
us-gaap Gain Loss On Investments
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43582000 USD
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6203000 USD
us-gaap Gain Loss On Investments
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22157000 USD
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17744000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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43612000 USD
CY2015Q3 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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6910000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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25434000 USD
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17744000 USD
us-gaap Gain Loss On Sale Of Investments
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43582000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Investments
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6203000 USD
us-gaap Gain Loss On Sale Of Investments
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22157000 USD
CY2014Q4 us-gaap Goodwill
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CY2015Q3 us-gaap Goodwill
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841183000 USD
CY2014Q3 us-gaap Impairment Of Investments
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0 USD
us-gaap Impairment Of Investments
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69000 USD
CY2015Q3 us-gaap Impairment Of Investments
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1696000 USD
us-gaap Impairment Of Investments
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4904000 USD
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224751000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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653791000 USD
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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90967000 USD
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us-gaap Income Tax Expense Benefit
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232639000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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15156000 USD
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29335000 USD
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768000 USD
us-gaap Increase Decrease In Cash Collateral For Loaned Securities
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768000 USD
us-gaap Increase Decrease In Collateral Held Under Securities Lending
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300781000 USD
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13776000 USD
us-gaap Interest Expense
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44617000 USD
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us-gaap Interest Expense
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41335000 USD
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13499602000 USD
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17871000 USD
CY2015Q3 us-gaap Letters Of Credit Outstanding Amount
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20100000 USD
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26381159000 USD
CY2015Q3 us-gaap Liabilities
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25902492000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
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31562466000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
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30586091000 USD
CY2014Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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1938853000 USD
CY2015Q3 us-gaap Liabilities Fair Value Disclosure Recurring
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1793917000 USD
CY2015Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
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24104000 USD
CY2014Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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3698606000 USD
CY2015Q3 us-gaap Liability For Claims And Claims Adjustment Expense
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4080309000 USD
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3399000 USD
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3399000 USD
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1236629000 USD
CY2014Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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1272616000 USD
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1233230000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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514664000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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529474000 USD
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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162009000 USD
us-gaap Net Investment Income
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497575000 USD
CY2015Q3 us-gaap Net Investment Income
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148766000 USD
us-gaap Net Investment Income
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468825000 USD
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CY2015Q3 us-gaap Obligation To Return Securities Received As Collateral
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51034000 USD
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CY2015Q3 us-gaap Other Assets
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10957000 USD
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us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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-1396000 USD
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OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-2543000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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-4486000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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259350000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-34719000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-200324000 USD
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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129418000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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-15262000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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202717000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
232916000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2014Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-885000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-3073000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1481000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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261281000 USD
us-gaap Other Income
OtherIncome
716850000 USD
CY2015Q3 us-gaap Other Income
OtherIncome
317523000 USD
us-gaap Other Income
OtherIncome
920694000 USD
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OtherInvestments
606752000 USD
CY2015Q3 us-gaap Other Investments
OtherInvestments
585799000 USD
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OtherShortTermInvestments
345246000 USD
CY2015Q3 us-gaap Other Short Term Investments
OtherShortTermInvestments
747965000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
30000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
0 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
51000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
2621000 USD
CY2013Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
45278000 USD
CY2014Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
39248000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
37080000 USD
CY2014Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
35424000 USD
CY2015Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
34308000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
33613000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
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506000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
3151000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
656000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsReductionsCashFlows
1731000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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39000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
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989000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
1627000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
39000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
989000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParentAvailableforsaleSecurities
1627000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
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89000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
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CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
1914000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAvailableforsaleSecurities
3089000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
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48000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
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CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
707000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
3277000 USD
CY2014Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
30000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
707000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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3277000 USD
us-gaap Payments For Proceeds From Policy Loans
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us-gaap Payments For Proceeds From Policy Loans
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us-gaap Payments For Proceeds From Short Term Investments
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432406000 USD
us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Restructuring
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CY2015Q1 us-gaap Treasury Stock Shares Acquired
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CY2015Q1 us-gaap Treasury Stock Shares Acquired
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CY2015Q2 us-gaap Treasury Stock Shares Acquired
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CY2015Q3 us-gaap Treasury Stock Shares Acquired
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us-gaap Treasury Stock Shares Acquired
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us-gaap Basis Of Accounting
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for interim financial information. Accordingly, these statements do not include all of the information and footnotes required by GAAP for complete financial statements.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The interim financial data as of September 30, 2015 and December&#160;31, 2014 and for the three and nine months ended September 30, 2015 and 2014 is unaudited; in the opinion of management, the interim data includes all adjustments, consisting only of normal recurring adjustments, necessary for a fair statement of the results for the interim periods. The unaudited interim consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. All inter-company transactions and balances are eliminated in consolidation.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, and the rules and regulations thereunder (together, the &#8220;Affordable Care Act&#8221;) introduced new and significant premium stabilization programs in 2014. These programs require the Company to record amounts to our consolidated financial statements based on assumptions and estimates that could materially change as experience develops.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending December&#160;31, 2015. The accompanying unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in the Company&#8217;s Annual Report on Form 10-K for the year ended December&#160;31, 2014.</font></div></div>
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Not Yet Adopted</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In April 2015, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued amended guidance on presentation of debt issuance costs. This amended guidance requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums. The recognition and measurement guidance for debt issuance costs is not affected by the amendments. The amended guidance is effective for interim and annual periods beginning after December 15, 2015. Therefore, the Company is required to adopt the guidance on January 1, 2016. Early adoption of the amended guidance is permitted for financial statements that have not been previously issued. An entity should apply the amended guidance on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. The Company does not expect the adoption of this presentation guidance to impact the Company&#8217;s financial position or results of operations.</font></div><div style="line-height:120%;padding-bottom:6px;text-align:left;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2015, the FASB issued new consolidation guidance that affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. All legal entities are subject to reevaluation under the revised consolidation model. The new guidance eliminates specialized guidance for limited partnerships and similar legal entities, and removes the indefinite deferral for certain investment funds. The new guidance is effective for interim and annual periods beginning after December 15, 2015. Therefore, the Company is required to adopt the guidance on January 1, 2016. Early adoption is permitted, including adoption in an interim period. The new guidance may be applied retrospectively or through a cumulative effect adjustment to retained earnings as of the beginning of the year of adoption. The Company is evaluating the requirements of this new consolidation guidance and the potential impact on the Company&#8217;s financial position and results of operations.</font></div><div style="line-height:120%;padding-bottom:16px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued amended guidance on revenue recognition. The amended guidance affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. Insurance contracts are within the scope of other standards and therefore are specifically excluded from the scope of the amended revenue recognition guidance. The core principle of the amended guidance is that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve the core principle, the entity applies a five step process outlined in the amended guidance. The amended guidance also includes a cohesive set of disclosure requirements. In August 2015, the FASB issued guidance to defer the effective date of the revenue recognition guidance. The amended guidance is effective for interim and annual periods beginning after December&#160;15, 2017 and earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. Therefore, the Company is required to adopt the guidance on January&#160;1, 2018. An entity can choose to apply the amended guidance using either the full retrospective approach or a modified retrospective approach. The Company is evaluating the requirements of the revenue recognition guidance as it relates to its non-insurance contract revenue and the potential impact on the Company&#8217;s financial position and results of operations.</font></div></div>
us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Operations</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:6px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assurant, Inc. (the &#8220;Company&#8221;) is a holding company whose subsidiaries provide specialty protection products and related services in North America, Latin America, Europe and other select worldwide markets.</font></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is traded on the New York Stock Exchange under the symbol "AIZ."</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Through its operating subsidiaries, the Company provides mobile device protection products and services; extended service products and related services for consumer electronics, appliances and vehicles; pre-funded funeral insurance; lender-placed homeowners insurance; property preservation and valuation services; flood insurance; renters insurance and related products; debt protection administration; credit insurance; manufactured housing homeowners insurance; group dental insurance; group disability insurance; and group life insurance.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As previously announced, the Company concluded a comprehensive review of its portfolio and decided to sharpen its focus on specialty housing and lifestyle protection products and services. As a result, the Company will exit the health insurance market and has signed a definitive agreement to sell its Assurant Employee Benefits segment. See Note 4 and Note 5, respectively, for more information.</font></div></div>

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