2019 Q2 Form 10-Q Financial Statement

#000162828019010450 Filed on August 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $2.546B $1.832B
YoY Change 38.97% 14.45%
Cost Of Revenue $687.0M $490.6M
YoY Change 40.03% 17.82%
Gross Profit $1.859B $1.341B
YoY Change 38.58% 13.26%
Gross Profit Margin 73.01% 73.22%
Selling, General & Admin $823.7M $773.6M
YoY Change 6.48% 19.7%
% of Gross Profit 44.32% 57.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $30.40M
YoY Change
% of Gross Profit 1.64%
Operating Expenses $823.7M $773.6M
YoY Change 6.48% 19.7%
Operating Profit $1.035B $567.5M
YoY Change 82.34% 5.52%
Interest Expense $26.50M $26.00M
YoY Change 1.92% 109.68%
% of Operating Profit 2.56% 4.58%
Other Income/Expense, Net
YoY Change
Pretax Income $183.3M $78.30M
YoY Change 134.1% -56.18%
Income Tax $40.70M $11.30M
% Of Pretax Income 22.2% 14.43%
Net Earnings $144.1M $67.00M
YoY Change 115.07% -44.26%
Net Earnings / Revenue 5.66% 3.66%
Basic Earnings Per Share $2.24 $1.09
Diluted Earnings Per Share $2.21 $1.09
COMMON SHARES
Basic Shares Outstanding 62.22M shares 57.06M shares
Diluted Shares Outstanding 65.29M shares 57.26M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.490B $1.254B
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 $419.2M $370.6M
YoY Change 13.11% 4.25%
Goodwill $2.338B $2.369B
YoY Change -1.32% 161.65%
Intangibles $564.1M $664.8M
YoY Change -15.15% 110.05%
Long-Term Investments $16.52B $14.69B
YoY Change 12.4% 26.64%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $43.14B $42.36B
YoY Change 1.84% 40.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.514B $2.611B
YoY Change -3.72% 29.77%
Accrued Expenses $85.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.769B $6.422B
YoY Change -10.17% 17.19%
LONG-TERM LIABILITIES
Long-Term Debt $2.007B $2.005B
YoY Change 0.1% 76.34%
Other Long-Term Liabilities $1.762B $1.181B
YoY Change 49.2% 594.71%
Total Long-Term Liabilities $3.769B $3.186B
YoY Change 18.3% 143.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.769B $6.422B
Total Long-Term Liabilities $3.769B $3.186B
Total Liabilities $37.38B $37.03B
YoY Change 0.95% 43.33%
SHAREHOLDERS EQUITY
Retained Earnings $5.981B $5.846B
YoY Change 2.3% 6.28%
Common Stock $4.511B $4.461B
YoY Change 1.11% 40.56%
Preferred Stock
YoY Change
Treasury Stock (at cost) $5.093B $4.860B
YoY Change 4.79% 3.7%
Treasury Stock Shares 100.3M shares 97.97M shares
Shareholders Equity $5.730B $5.313B
YoY Change
Total Liabilities & Shareholders Equity $43.14B $42.36B
YoY Change 1.84% 40.93%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $144.1M $67.00M
YoY Change 115.07% -44.26%
Depreciation, Depletion And Amortization $30.40M
YoY Change
Cash From Operating Activities $479.0M $225.7M
YoY Change 112.23% -1021.22%
INVESTING ACTIVITIES
Capital Expenditures -$25.40M -$21.60M
YoY Change 17.59% 32.52%
Acquisitions
YoY Change
Other Investing Activities -$137.0M -$1.572B
YoY Change -91.29% -2095.3%
Cash From Investing Activities -$162.4M -$1.594B
YoY Change -89.81% -2650.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -102.3M 300.5M
YoY Change -134.04% -565.17%
NET CHANGE
Cash From Operating Activities 479.0M 225.7M
Cash From Investing Activities -162.4M -1.594B
Cash From Financing Activities -102.3M 300.5M
Net Change In Cash 214.3M -1.068B
YoY Change -120.07% 3913.91%
FREE CASH FLOW
Cash From Operating Activities $479.0M $225.7M
Capital Expenditures -$25.40M -$21.60M
Free Cash Flow $504.4M $247.3M
YoY Change 103.96% -3115.85%

Facts In Submission

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us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
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us-gaap Other Than Temporary Impairment Loss Debt Securities Portion Recognized In Earnings
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CY2019Q2 aiz Amortizationof Deferred Gainsand Gainson Disposalof Businesses
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4700000 USD
CY2018Q2 aiz Amortizationof Deferred Gainsand Gainson Disposalof Businesses
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15000000.0 USD
aiz Amortizationof Deferred Gainsand Gainson Disposalof Businesses
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12500000 USD
aiz Amortizationof Deferred Gainsand Gainson Disposalof Businesses
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33500000 USD
CY2019Q2 us-gaap Revenues
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CY2018Q2 us-gaap Revenues
Revenues
1831700000 USD
us-gaap Revenues
Revenues
4981100000 USD
us-gaap Revenues
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CY2019Q2 us-gaap Policyholder Benefits And Claims Incurred Net
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us-gaap Policyholder Benefits And Claims Incurred Net
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1301700000 USD
us-gaap Policyholder Benefits And Claims Incurred Net
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815800000 USD
CY2018Q2 us-gaap Deferred Policy Acquisition Costs And Present Value Of Future Profits Amortization1
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463200000 USD
us-gaap Deferred Policy Acquisition Costs And Present Value Of Future Profits Amortization1
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1593100000 USD
us-gaap Deferred Policy Acquisition Costs And Present Value Of Future Profits Amortization1
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809600000 USD
CY2019Q2 us-gaap Selling General And Administrative Expense
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CY2018Q2 us-gaap Selling General And Administrative Expense
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773600000 USD
us-gaap Selling General And Administrative Expense
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1633000000.0 USD
us-gaap Selling General And Administrative Expense
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CY2019Q2 us-gaap Interest Expense
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CY2018Q2 us-gaap Interest Expense
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26000000.0 USD
us-gaap Interest Expense
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us-gaap Interest Expense
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47500000 USD
CY2019Q2 us-gaap Benefits Losses And Expenses
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CY2018Q2 us-gaap Benefits Losses And Expenses
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1753400000 USD
us-gaap Benefits Losses And Expenses
BenefitsLossesAndExpenses
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us-gaap Benefits Losses And Expenses
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3255500000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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183300000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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78300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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400300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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214800000 USD
CY2019Q2 us-gaap Income Tax Expense Benefit
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CY2018Q2 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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89100000 USD
us-gaap Income Tax Expense Benefit
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41800000 USD
CY2019Q2 us-gaap Profit Loss
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CY2018Q2 us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1400000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Net Income Loss
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67000000.0 USD
us-gaap Net Income Loss
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us-gaap Net Income Loss
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4600000 USD
CY2018Q2 us-gaap Preferred Stock Dividends And Other Adjustments
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4800000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
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9300000 USD
us-gaap Preferred Stock Dividends And Other Adjustments
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4800000 USD
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139500000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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62200000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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300500000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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168200000 USD
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us-gaap Earnings Per Share Basic
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3.05
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1.09
us-gaap Earnings Per Share Diluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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62407429 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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3066357 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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204095 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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3153501 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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2147844 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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65560930 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Profit Loss
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us-gaap Profit Loss
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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
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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20900000 USD
CY2019Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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CY2018Q2 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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1400000 USD
us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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4900000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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9000000.0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2019Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2018Q2 us-gaap Dividends Common Stock
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21700000 USD
us-gaap Dividends Common Stock
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us-gaap Net Income Loss
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us-gaap Deferred Income Taxes And Tax Credits
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24700000 USD
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12500000 USD
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33500000 USD
us-gaap Depreciation Amortization And Accretion Net
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60100000 USD
us-gaap Depreciation Amortization And Accretion Net
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Reinsurance Recoverable
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31200000 USD
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us-gaap Proceeds From Sale Of Other Investments
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35600000 USD
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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377100000 USD
us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
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us-gaap Proceeds From Sale And Collection Of Mortgage Notes Receivable
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us-gaap Payments To Acquire Available For Sale Securities Debt
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aiz Payments To Acquire Equity Securities
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aiz Payments To Acquire Equity Securities
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us-gaap Payments To Acquire Mortgage Notes Receivable
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us-gaap Payments To Acquire Mortgage Notes Receivable
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us-gaap Payments To Acquire Other Investments
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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aiz Purchasesof Investmentsby Special Purpose Entities
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aiz Purchasesof Investmentsby Special Purpose Entities
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us-gaap Payments For Proceeds From Short Term Investments
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us-gaap Payments For Proceeds From Short Term Investments
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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us-gaap Proceeds From Issuance Of Convertible Preferred Stock
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Repayments Of Debt
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us-gaap Repayments Of Debt
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us-gaap Proceeds From Issuance Of Other Long Term Debt
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us-gaap Proceeds From Issuance Of Other Long Term Debt
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aiz Special Purpose Entity Proceeds From Issuance Of Long Term Debt
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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us-gaap Proceeds And Excess Tax Benefit From Sharebased Compensation
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us-gaap Proceeds From Minority Shareholders
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us-gaap Proceeds From Minority Shareholders
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other 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 Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Nature Of Operations
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Nature of Operations<div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Assurant, Inc. (the “Company”) is a global provider of risk management solutions in the housing and lifestyle markets, protecting where people live and the goods they buy. The Company operates in North America, Latin America, Europe and Asia Pacific through </span><span style="font-family:inherit;font-size:10pt;"><span>three</span></span><span style="font-family:inherit;font-size:10pt;"> operating segments: Global Housing, Global Lifestyle and Global Preneed. The Company partners with clients who are leaders in their industries to provide consumers a diverse range of protection products and services. Through its Global Housing segment, the Company provides lender-placed homeowners insurance (referred to as “Lender-placed Insurance”); renters insurance and related products (referred to as “Multifamily Housing”); manufactured housing and flood insurance and other specialty products (referred to as “Specialty and Other”). Through its Global Lifestyle segment, the Company provides mobile device protection products and related services and extended service products and related services for consumer electronics and appliances (referred to as “Connected Living”); vehicle protection and related services (referred to as “Global Automotive”); and credit and other insurance (referred to as “Global Financial Services and Other”). Through its Global Preneed segment, the Company provides pre-funded funeral insurance and annuity products. </span></div>The Company’s common stock is traded on the New York Stock Exchange under the symbol “AIZ.”
us-gaap Number Of Operating Segments
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3 segment
us-gaap Basis Of Accounting
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Basis of Presentation<div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><span 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 (“GAAP”) for interim financial information. Accordingly, these statements do not include all of the information and notes required by GAAP for complete financial statements. </span></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The interim financial data as of June 30, 2019 and for the three and six months ended June 30, 2019 and 2018 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. </span></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Operating results for the three and six months ended June 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. 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’s Annual Report on Form 10-K for the year ended December 31, 2018.</span></div>
CY2019Q2 us-gaap Operating Lease Liability
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us-gaap Operating Lease Cost
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CY2019Q2 us-gaap Operating Lease Payments
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us-gaap Operating Lease Payments
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CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.045
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019Q2 us-gaap Business Combination Acquisition Related Costs
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us-gaap Number Of Reportable Segments
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CY2019Q2 us-gaap Premiums Earned Net
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CY2019Q2 us-gaap Net Investment Income
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CY2019Q2 aiz Amortizationof Deferred Gainon Disposalof Businesses
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CY2019Q2 us-gaap Revenues
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CY2019Q2 us-gaap Profit Loss
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CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2019Q2 us-gaap Net Income Loss
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CY2019Q2 us-gaap Assets
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CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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78300000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
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CY2018Q2 us-gaap Net Income Loss
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us-gaap Revenues
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us-gaap Net Income Loss
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us-gaap Policyholder Benefits And Claims Incurred Net
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214800000 USD
us-gaap Income Tax Expense Benefit
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us-gaap Net Income Loss
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4800000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q2 aiz Numberof Individual States With Exposure Exceeding Overall Portfolio Threshold
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0 state
CY2019Q2 aiz Maximum Individual State Exposure
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0.003
CY2018Q4 aiz Maximum Individual State Exposure
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CY2019Q2 aiz Advance Refunded Or Escrowed To Maturity Securities
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59200000 USD
CY2018Q4 aiz Advance Refunded Or Escrowed To Maturity Securities
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CY2019Q2 aiz Percentage Of Revenue Securities
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CY2019Q2 us-gaap Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost
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CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
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CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost
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CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
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CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Amortized Cost
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CY2019Q2 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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4573300000 USD
CY2019Q2 aiz Available For Sale Securities Debt Maturities Contractual Maturity Total
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9155300000 USD
CY2019Q2 aiz Available For Sale Securities Debt Maturities Contractual Maturity Fair Value Total
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CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2019Q2 us-gaap Available For Sale Securities Debt Securities
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CY2019Q2 us-gaap Debt Securities Gain Loss Excluding Otti
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CY2018Q2 us-gaap Debt Securities Gain Loss Excluding Otti
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us-gaap Debt Securities Gain Loss Excluding Otti
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47500000 USD
us-gaap Debt Securities Gain Loss Excluding Otti
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CY2019Q2 us-gaap Gain Loss On Investments
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CY2018Q2 us-gaap Gain Loss On Investments
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us-gaap Gain Loss On Investments
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46600000 USD
us-gaap Gain Loss On Investments
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aiz Equity Securities Without Readily Determinable Fair Value Realized Gain Loss On Sale
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aiz Equity Securities Without Readily Determinable Fair Value Realized Gain Loss On Sale
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7800000 USD
CY2019Q2 aiz Equity Securities Without Readily Determinable Fair Value Realized Gain Loss On Sale
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0 USD
CY2019Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2018Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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us-gaap Equity Securities Fv Ni Unrealized Gain Loss
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CY2019Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
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CY2018Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
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us-gaap Equity Securities Fv Ni Realized Gain Loss
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900000 USD
us-gaap Equity Securities Fv Ni Realized Gain Loss
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CY2019Q2 us-gaap Equity Securities Fv Ni Gain Loss
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us-gaap Equity Securities Fv Ni Gain Loss
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37800000 USD
us-gaap Equity Securities Fv Ni Gain Loss
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CY2019Q2 aiz Available For Sale Securities Gross Unrealized Losses Percentage
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0.01
CY2018Q4 aiz Available For Sale Securities Gross Unrealized Losses Percentage
AvailableForSaleSecuritiesGrossUnrealizedLossesPercentage
0.03
CY2019Q2 aiz Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Percentage
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesPercentage
0.43
CY2018Q4 aiz Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Aggregate Losses Percentage
AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAggregateLossesPercentage
0.73
CY2019Q2 aiz Number Of Available For Sale Securities Comprising Gross Unrealized Loss
NumberOfAvailableForSaleSecuritiesComprisingGrossUnrealizedLoss
332 investment
CY2018Q4 aiz Number Of Available For Sale Securities Comprising Gross Unrealized Loss
NumberOfAvailableForSaleSecuritiesComprisingGrossUnrealizedLoss
2642 investment
aiz Approximate Percentage Outstanding Principal Balance Of Commercial Mortgage Loans
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0.35
CY2019Q2 us-gaap Reinsurance Recoverables Allowance
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300000 USD
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The following table provides a roll forward of the Company’s beginning and ending claims and benefits payable balances. Claims and benefits payable is the liability for unpaid loss and loss adjustment expenses and is comprised of case and incurred but not reported (“IBNR”) reserves.</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Since unpaid loss and loss adjustment expenses are estimates, the Company’s actual losses incurred may be more or less than the Company’s previously developed estimates, which is referred to as either unfavorable or favorable development, respectively.</span></div><div style="line-height:120%;padding-bottom:6px;padding-top:12px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The best estimate of ultimate loss and loss adjustment expense is generally selected from a blend of methods that are applied consistently each period. There have been no significant changes in the methodologies and assumptions utilized in estimating the liability for unpaid loss and loss adjustment expenses for any of the periods presented.</span></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8"/></tr><tr><td style="width:69%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:13%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">For the Six Months Ended June 30,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Claims and benefits payable, at beginning of period</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,813.7</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,782.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Less: Reinsurance ceded and other</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(2,053.7</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(3,193.3</span></span></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net claims and benefits payable, at beginning of period</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>760.0</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>588.9</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Acquired reserves as of Acquisition Date (1)</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>140.7</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Incurred losses and loss adjustment expenses related to:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current year</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,339.4</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>940.3</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prior years</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(37.7</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>(30.6</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">)</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total incurred losses and loss adjustment expenses</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,301.7</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>909.7</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Paid losses and loss adjustment expenses related to:</span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Current year</span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>882.9</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>624.6</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prior years</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>409.2</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>336.4</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Total paid losses and loss adjustment expenses</span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,292.1</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>961.0</span></span></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Net claims and benefits payable, at end of period</span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>769.6</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>678.3</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Plus: Reinsurance ceded and other (2) </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>1,952.6</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,824.8</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Claims and benefits payable, at end of period (2) (3)</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>2,722.2</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">$</span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><span>3,503.1</span></span></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div><span style="font-family:inherit;font-size:10pt;"><br/></span></div><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><span style="font-family:inherit;font-size:8pt;">(1)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;">Acquired reserves from TWG on the Acquisition Date include </span><span style="font-family:inherit;font-size:8pt;"><span>$419.9 million</span></span><span style="font-family:inherit;font-size:8pt;"> of gross claims and benefits payable, and </span><span style="font-family:inherit;font-size:8pt;"><span>$279.2 million</span></span><span style="font-family:inherit;font-size:8pt;"> of ceded claims and benefits payable. The reserve roll forward includes the activity of TWG from June 1, 2018 to June 30, 2018. </span></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-top:4px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:30px;"/><td/></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:0px;"><span style="font-family:inherit;font-size:8pt;">(2)</span></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;">Includes reinsurance recoverables and claims and benefits payable of </span><span style="font-family:inherit;font-size:8pt;"><span>$83.2 million</span></span><span style="font-family:inherit;font-size:8pt;"> and </span><span style="font-family:inherit;font-size:8pt;"><span>$89.6 million</span></span><span style="font-family:inherit;font-size:8pt;"> as of June 30, 2019 and 2018, respectively, which was ceded to the U.S. government. The Company acts as an administrator for the U.S. government under the voluntary National Flood Insurance Program. </span></div></td></tr></table><div style="line-height:120%;font-size:8pt;padding-left:0px;"><span style="font-family:inherit;font-size:8pt;">(3)</span></div><div style="line-height:120%;text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;">Claims and benefits payable and related reinsurance ceded were reduced by </span><span style="font-family:inherit;font-size:8pt;"><span>$730.0 million</span></span><span style="font-family:inherit;font-size:8pt;"> in December 2018 as result of the sale of Time Insurance Company, a legal entity associated with the previously exited Assurant Health business. </span></div>
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CY2017Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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CY2018Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
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CY2017Q4 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
3193300000 USD
CY2018Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
760000000.0 USD
CY2017Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
588900000 USD
CY2019Q2 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
0 USD
CY2018Q2 us-gaap Liability For Future Policy Benefits And Unpaid Claims And Claims Adjustment Expense
LiabilityForFuturePolicyBenefitsAndUnpaidClaimsAndClaimsAdjustmentExpense
140700000 USD
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
1339400000 USD
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Current Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersCurrentYearClaimsAndClaimsAdjustmentExpense
940300000 USD
us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
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us-gaap Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
-30600000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
1301700000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Incurred Claims1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1
909700000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
882900000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Current Year1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidCurrentYear1
624600000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
409200000 USD
us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Claims Paid Prior Years1
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseClaimsPaidPriorYears1
336400000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
1292100000 USD
us-gaap Payments For Losses And Loss Adjustment Expense
PaymentsForLossesAndLossAdjustmentExpense
961000000.0 USD
CY2019Q2 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
769600000 USD
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LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
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CY2019Q2 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
1952600000 USD
CY2018Q2 us-gaap Reinsurance Recoverable For Unpaid Claims And Claims Adjustments
ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments
2824800000 USD
CY2019Q2 us-gaap Liability For Claims And Claims Adjustment Expense
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2722200000 USD
CY2018Q2 us-gaap Liability For Claims And Claims Adjustment Expense
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3503100000 USD
CY2018Q4 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Period Increase Decrease
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CY2019Q2 us-gaap Long Term Debt
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2007300000 USD
CY2018Q4 us-gaap Long Term Debt
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CY2019Q2 us-gaap Amortization Of Deferred Hedge Gains
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800000 USD
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
1500000 USD
CY2018Q2 us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
900000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
230300000 USD
CY2019Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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5000000.0 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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225300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
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CY2018Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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3800000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-7700000 USD
us-gaap Treasury Stock Shares Acquired
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1037262 shares
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
100700000 USD
CY2019Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
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us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2019Q2 us-gaap Dividends Preferred Stock Cash
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us-gaap Dividends Preferred Stock Cash
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9300000 USD
CY2018Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
4800000 USD
CY2019Q2 us-gaap Net Income Loss
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144100000 USD
CY2018Q2 us-gaap Net Income Loss
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67000000.0 USD
us-gaap Net Income Loss
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309800000 USD
us-gaap Net Income Loss
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173000000.0 USD
CY2019Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4600000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4800000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
9300000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4800000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019Q2 us-gaap Dividends
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CY2018Q2 us-gaap Dividends
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us-gaap Dividends
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us-gaap Dividends
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60600000 USD
CY2019Q2 us-gaap Undistributed Earnings
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101200000 USD
CY2018Q2 us-gaap Undistributed Earnings
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31300000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
224800000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
107600000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Earnings Per Share Basic Distributed
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us-gaap Earnings Per Share Basic Distributed
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1.10
CY2019Q2 us-gaap Earnings Per Share Basic Undistributed
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CY2018Q2 us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
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us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
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us-gaap Earnings Per Share Basic Undistributed
EarningsPerShareBasicUndistributed
1.95
CY2019Q2 us-gaap Earnings Per Share Basic
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2.24
CY2018Q2 us-gaap Earnings Per Share Basic
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1.09
us-gaap Earnings Per Share Basic
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us-gaap Earnings Per Share Basic
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CY2019Q2 us-gaap Earnings Per Share Diluted Distributed
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CY2018Q2 us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
0.54
us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
1.16
us-gaap Earnings Per Share Diluted Distributed
EarningsPerShareDilutedDistributed
1.06
CY2019Q2 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
1.62
CY2018Q2 us-gaap Earnings Per Share Diluted Undistributed
EarningsPerShareDilutedUndistributed
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us-gaap Earnings Per Share Diluted Undistributed
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3.57
us-gaap Earnings Per Share Diluted Undistributed
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1.96
CY2019Q2 us-gaap Earnings Per Share Diluted
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2.21
CY2018Q2 us-gaap Earnings Per Share Diluted
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1.09
us-gaap Earnings Per Share Diluted
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4.73
us-gaap Earnings Per Share Diluted
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3.02
CY2019Q2 us-gaap Defined Benefit Plan Funded Status Of Plan
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63500000 USD
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
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CY2019Q2 us-gaap Defined Benefit Plan Funded Percentage
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1.09
CY2018Q4 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
1.10
us-gaap Pension Contributions
PensionContributions
0 USD
CY2019Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
0 USD
CY2019Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
12100000 USD
CY2018Q4 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
13200000 USD

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