NEW YORK, November 14, 2006—Assurant, Inc. ("Assurant" or "company") (NYSE: AIZ), today announced that it has filed its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2006.
The company's management delayed filing its third quarter 2006 Form 10-Q because it found that certain amounts were incorrectly classified in the company's unaudited Consolidated Statement of Cash Flows for the periods ended March 31, 2006 and 2005 and June 30, 2006 and 2005. As a result, the company has restated its Cash Flow Statements included in the Quarterly Reports for 2006. Correct classifications for September 30, 2006 and September 30, 2005 are included in the Quarterly Report for the period ended September 30, 2006.
The restatements will have no impact on the company's Consolidated Balance Sheets, Consolidated Statements of Operations or the related earnings per share amounts for any of the reported periods.
The reclassifications will affect subtotals of the Cash Flow Statements. Investment purchases and sales and acquisition of treasury shares that had not yet settled as of the end of the reporting periods have been reclassified from operating cash flows to investing and financing cash flows, respectively.
Assurant, which is traded on the New York Stock Exchange under the symbol AIZ, has more than $20 billion in assets and $7 billion in annual revenue. The Assurant Web site is www.assurant.com.
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