Industry: Finance Insurance
Fortune Rank: 268
Assurant, Inc., a holding company, provides specialized insurance products and related services worldwide. The company operates in four segments: Assurant Solutions, Assurant Health, Assurant Employee Benefits, and Assurant PreNeed. The Assurant Solutions segment develops, underwrites, and markets specialty insurance products and services through financial institutions, mortgage lenders and servicers, retailers, manufactured housing and automobile dealers, utilities, and other entities in North America, the Caribbean, South America, and Europe. The Assurant Health segment writes of individual and short-term major medical health insurance. It also provides small employer group health insurance to employer groups primarily of two to fifty employees in size, and health insurance plans to full-time college students. This segment offers individual health insurance products and small employer health insurance products. The Assurant Employee Benefits segment offers group dental benefit plans sponsored by employers and funded through payroll deductions based on the number of master contracts in force. It also provides disability and term life insurance products and related services to small and medium-sized employers based on number of master contracts in force. This segment offers group dental, group disability insurance, and group term life insurance. The Assurant PreNeed segment offers prefunded funeral insurance products to consumers over the age of 65 and with an average issue age of 72. Its products provide benefits to cover the costs incurred in connection with prearranged funeral contracts. The segment distributes its products primarily through funeral homes. The company serves financial institutions, mortgage lenders and servicers, retailers, manufactured housing and automobile dealers, utilities, and other entities, as well as funeral homes and selected third-party general agencies. Assurant is headquartered in New York City.
Assurant Inc is a Fortune 500 company. In 2010 Assurant Inc was ranked number 268 on the Fortune 500 list, making it the 268th largest company in the United States when judged by revenue.
Assurant Inc achieved revenue of $8,700.50 million in 2010 and earned a profit of $430.60 million.
Assurant Inc' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 268th compared to 299th in 2009. This was based on its 2009 revenue of $8,601 million (a change of 0 million compared to 2010) and profits of $448 million (a change of $-17 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Assurant Inc would be ranked 231st rather than 268th due to its profits of $431 in 2010.
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* US$ Million
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