2016 Q4 Form 10-Q Financial Statement

#000162828016020550 Filed on November 01, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $1.752B $1.834B $2.534B
YoY Change -31.22% -27.62% -6.23%
Cost Of Revenue $435.2M $1.254B
YoY Change -65.3% 11.61%
Gross Profit $1.399B $1.280B
YoY Change 9.29% -18.93%
Gross Profit Margin 76.27% 50.51%
Selling, General & Admin $888.0M $833.7M $957.0M
YoY Change -17.45% -12.88% 0.36%
% of Gross Profit 59.6% 74.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $1.661B $833.7M $957.0M
YoY Change -31.49% -12.88% 0.36%
Operating Profit $565.2M $323.0M
YoY Change 75.0% -48.34%
Interest Expense -$13.90M $14.00M $13.78M
YoY Change 0.72% 1.6% 0.02%
% of Operating Profit 2.48% 4.27%
Other Income/Expense, Net
YoY Change
Pretax Income $54.60M $220.9M -$32.25M
YoY Change -50.46% -784.94% -114.35%
Income Tax $23.40M $76.50M -$25.23M
% Of Pretax Income 42.86% 34.63%
Net Earnings $31.30M $144.4M -$7.022M
YoY Change -52.39% -2156.39% -105.01%
Net Earnings / Revenue 1.79% 7.87% -0.28%
Basic Earnings Per Share $0.54 $2.40 -$0.10
Diluted Earnings Per Share $0.54 $2.37 -$0.10
COMMON SHARES
Basic Shares Outstanding 57.01M shares 60.26M shares 67.63M shares
Diluted Shares Outstanding 60.83M shares 67.63M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.032B $1.117B $1.544B
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 $343.6M $337.1M $286.8M
YoY Change 15.14% 17.56% 4.49%
Goodwill $830.9M $839.7M $841.2M
YoY Change -0.31% -0.18% 2.98%
Intangibles $240.3M $263.3M $300.8M
YoY Change -13.3% -12.47% -18.49%
Long-Term Investments $11.44B $11.99B $13.46B
YoY Change -11.66% -10.87% -7.59%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $29.71B $30.28B $30.59B
YoY Change -1.09% -0.99% -0.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.986B $2.009B $2.189B
YoY Change -3.12% -8.22% 22.02%
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 $5.674B $5.846B $6.705B
YoY Change -10.5% -12.81% 11.86%
LONG-TERM LIABILITIES
Long-Term Debt $1.067B $1.166B $1.171B
YoY Change -8.41% -0.43% 0.0%
Other Long-Term Liabilities $232.0M $318.0M $142.0M
YoY Change 152.17% 123.94% -22.83%
Total Long-Term Liabilities $1.299B $1.484B $1.313B
YoY Change 3.34% 13.02% -3.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.674B $5.846B $6.705B
Total Long-Term Liabilities $1.299B $1.484B $1.313B
Total Liabilities $25.61B $25.78B $25.90B
YoY Change 0.39% -0.48% 2.26%
SHAREHOLDERS EQUITY
Retained Earnings $5.297B $5.296B $4.824B
YoY Change 9.06% 9.77% 0.95%
Common Stock $3.177B $3.170B $3.140B
YoY Change 0.87% 0.94% 0.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.471B $4.289B $3.527B
YoY Change 24.14% 21.6% 9.7%
Treasury Stock Shares 94.04M shares 91.95M shares 82.60M shares
Shareholders Equity $4.098B $4.505B $4.684B
YoY Change
Total Liabilities & Shareholders Equity $29.71B $30.28B $30.59B
YoY Change -1.09% -0.99% -0.28%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $31.30M $144.4M -$7.022M
YoY Change -52.39% -2156.39% -105.01%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $151.7M $258.6M $346.8M
YoY Change -152.01% -25.43% 37.13%
INVESTING ACTIVITIES
Capital Expenditures -$18.40M -$19.10M -$27.10M
YoY Change -27.84% -29.52% -3.21%
Acquisitions
YoY Change
Other Investing Activities $112.7M -$95.30M $41.80M
YoY Change -48.63% -327.99% -127.85%
Cash From Investing Activities $94.30M -$114.3M $14.60M
YoY Change -51.37% -882.88% -108.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -320.0M -257.3M -94.90M
YoY Change 133.41% 171.13% 80.76%
NET CHANGE
Cash From Operating Activities 151.7M 258.6M 346.8M
Cash From Investing Activities 94.30M -114.3M 14.60M
Cash From Financing Activities -320.0M -257.3M -94.90M
Net Change In Cash -74.00M -113.0M 266.5M
YoY Change -68.5% -142.4% 1095.07%
FREE CASH FLOW
Cash From Operating Activities $151.7M $258.6M $346.8M
Capital Expenditures -$18.40M -$19.10M -$27.10M
Free Cash Flow $170.1M $277.7M $373.9M
YoY Change -163.9% -25.73% 33.11%

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EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.09
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.46
CY2015Q3 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.30
us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.88
CY2016Q3 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.49
us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
1.50
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EarningsPerShareDilutedUndistributed
-0.40
us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
0.21
CY2016Q3 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
1.88
us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
6.96
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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9362000 USD
CY2015Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
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0 USD
CY2016Q3 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0 USD
CY2015Q4 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
CY2016Q3 us-gaap Fair Value Assets Level2 To Level1 Transfers Amount
FairValueAssetsLevel2ToLevel1TransfersAmount
0 USD
CY2016Q3 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
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67438000 USD
CY2015Q4 us-gaap Funds Held Under Reinsurance Agreements Liability
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94417000 USD
CY2016Q3 us-gaap Funds Held Under Reinsurance Agreements Liability
FundsHeldUnderReinsuranceAgreementsLiability
106924000 USD
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6203000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
22157000 USD
CY2016Q3 us-gaap Gain Loss On Investments
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10704000 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
194048000 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
CY2016Q3 us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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10704000 USD
us-gaap Gain Loss On Investments Excluding Other Than Temporary Impairments
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194749000 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
CY2016Q3 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
10704000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
194048000 USD
CY2016Q2 us-gaap Gain Loss On Securitization Of Financial Assets
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9092000 USD
CY2015Q4 us-gaap Goodwill
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CY2016Q3 us-gaap Goodwill
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839681000 USD
CY2015Q3 us-gaap Impairment Of Investments
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1696000 USD
us-gaap Impairment Of Investments
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4904000 USD
CY2016Q3 us-gaap Impairment Of Investments
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0 USD
CY2016Q3 us-gaap Impairment Of Investments
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0 USD
us-gaap Impairment Of Investments
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364000 USD
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-32251000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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90967000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
220858000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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793877000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15156000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76491000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
259843000 USD
CY2015Q4 us-gaap Income Tax Receivable
IncomeTaxReceivable
24176000 USD
CY2016Q3 us-gaap Income Tax Receivable
IncomeTaxReceivable
0 USD
us-gaap Increase Decrease In Cash Collateral For Loaned Securities
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-44952000 USD
us-gaap Increase Decrease In Cash Collateral For Loaned Securities
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0 USD
us-gaap Increase Decrease In Collateral Held Under Securities Lending
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-44952000 USD
us-gaap Increase Decrease In Collateral Held Under Securities Lending
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0 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
695843 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
566268 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
570340 shares
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277163000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
263284000 USD
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13779000 USD
us-gaap Interest Expense
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41335000 USD
CY2016Q3 us-gaap Interest Expense
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14006000 USD
us-gaap Interest Expense
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43741000 USD
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12994772000 USD
CY2016Q3 us-gaap Investments
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12033090000 USD
CY2015Q4 us-gaap Letters Of Credit Outstanding Amount
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19809000 USD
CY2016Q3 us-gaap Letters Of Credit Outstanding Amount
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12372000 USD
CY2015Q4 us-gaap Liabilities
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25512435000 USD
CY2016Q3 us-gaap Liabilities
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25778922000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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30036402000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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30283836000 USD
CY2015Q4 us-gaap Liabilities Fair Value Disclosure Recurring
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1840321000 USD
CY2016Q3 us-gaap Liabilities Fair Value Disclosure Recurring
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1783997000 USD
CY2015Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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3896719000 USD
CY2016Q3 us-gaap Liability For Claims And Claims Adjustment Expense
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3397455000 USD
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9466694000 USD
CY2016Q3 us-gaap Liability For Future Policy Benefits
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10042896000 USD
CY2015Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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1151256000 USD
CY2016Q3 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
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595067000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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70374000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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631265000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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529474000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2015Q3 us-gaap Net Income Loss
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-7022000 USD
us-gaap Net Income Loss
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75811000 USD
CY2016Q3 us-gaap Net Income Loss
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144367000 USD
us-gaap Net Income Loss
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534034000 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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124798000 USD
us-gaap Net Investment Income
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us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-4486000 USD
CY2016Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-498000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
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1157000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-200324000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
16334000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
162146000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-15262000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-103490000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
8362000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
85700000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-68499000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-15966000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-18630000 USD
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OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-309729000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
852000 USD
CY2016Q3 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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-165000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Portion Attributable To Parent Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxPortionAttributableToParentAvailableforsaleSecurities
405000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
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209557000 USD
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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CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-178000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-66794000 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
-4299000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-96000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
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us-gaap Other Income
OtherIncome
920694000 USD
CY2016Q3 us-gaap Other Income
OtherIncome
347693000 USD
us-gaap Other Income
OtherIncome
1033688000 USD
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OtherInvestments
575323000 USD
CY2016Q3 us-gaap Other Investments
OtherInvestments
631104000 USD
CY2015Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
508950000 USD
CY2016Q3 us-gaap Other Short Term Investments
OtherShortTermInvestments
396598000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
0 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions Additional Credit Losses
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsAdditionalCreditLosses
554000 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
CY2016Q3 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
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
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CY2015Q4 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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32377000 USD
CY2016Q2 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
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29104000 USD
CY2016Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Credit Losses On Debt Securities Held
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsCreditLossesOnDebtSecuritiesHeld
27656000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
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656000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
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1731000 USD
CY2016Q3 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
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851000 USD
us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Cash Flows
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2169000 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
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1627000 USD
CY2016Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
0 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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CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
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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 Availableforsale Securities
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1627000 USD
CY2016Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Portion Attributable To Parent Availableforsale Securities
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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
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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
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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
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3089000 USD
CY2016Q3 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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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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753000 USD
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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1031000 USD
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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3277000 USD
CY2016Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
701000 USD
CY2015Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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707000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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CY2016Q3 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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0 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net Availableforsale Securities
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701000 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
PaymentsForProceedsFromShortTermInvestments
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us-gaap Payments For Repurchase Of Common Stock
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218673000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
674251000 USD
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0 USD
CY2015Q2 us-gaap Payments For Restructuring
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0 USD
CY2015Q3 us-gaap Payments For Restructuring
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CY2015Q4 us-gaap Payments For Restructuring
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CY2016Q1 us-gaap Payments For Restructuring
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8735000 USD
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60906000 USD
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95037000 USD
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1924070000 USD
us-gaap Payments To Acquire Available For Sale Securities Debt
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2832399000 USD
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:6px;padding-top:12px;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 notes 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, 2016 and for the three and nine months ended September 30, 2016 and 2015 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. Certain prior period amounts have been reclassified to conform to the 2016 presentation.</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 have materially changed in prior periods as experience develops until the Company exits the Health business and settles related receivables. However, given the significant reduction in recoverables under the programs and remaining reserves as of September 30, 2016, the Company believes that such changes will no longer be material to the consolidated financial statements.</font></div><div style="line-height:120%;padding-bottom:12px;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, 2016 are not necessarily indicative of the results that may be expected for the year ending December&#160;31, 2016. 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, 2015.</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 globally provide risk management solutions, protecting where consumers live and the goods they buy.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;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:8px;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 and related services; extended service contracts; vehicle protection; pre-funded funeral insurance; credit insurance; renters insurance; lender-placed homeowners insurance; mortgage valuation and field services and manufactured housing insurance. </font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As previously announced, the Company will substantially exit the health insurance market by the end of 2016 and sold its Assurant Employee Benefits segment on March 1, 2016 mainly through a series of reinsurance transactions with Sun Life Assurance Company of Canada, a subsidiary of Sun Life Financial Inc. (&#8220;Sun Life&#8221;). See Notes 4 and 5, respectively, for more information.</font></div></div>

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