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Assurant Reports Q3 2007 Net Operating Income of $195.7 Million ($1.63 per diluted share), an Increase of 28% Over Q3 2006; Net Income of $187.2 Million ($1.56 per diluted share)

Friday, November 2, 2007 General News J E 4
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NEW YORK, Nov. 1 Assurant, Inc. ("Assurant")(NYSE: AIZ), a premier provider of specialized insurance and insurance-relatedproducts and services, today reported its results for the third quarter of2007 and the nine months endedSeptember 30, 2007.

Third Quarter Results

Net income in the third quarter of 2007 increased 24% to $187.2 million,or $1.56 per diluted share, compared to third quarter 2006 net income of$151.3 million, or $1.18 per diluted share.

Net operating income (see footnote 1 at the end of this release) for thethird quarter of 2007 increased 28% to $195.7 million, or $1.63 per dilutedshare, compared to third quarter 2006 net operating income of $153.0 million,or $1.20 per diluted share.

J. Kerry Clayton, interim president and chief executive officer, said:"Assurant's performance so far this year and during the quarter illustratesthe strength of our diversified specialty insurance strategy, and our prudent,focused approach to long-term profitable growth in targeted areas. Ourstrategy is fortified by our solid financial foundation and is reinforced byour strong leadership team which continues a disciplined approach."

Net earned premiums of $1.89 billion in the third quarter of 2007increased 10% from $1.72 billion in the third quarter of 2006, drivenprimarily by growth in Assurant Specialty Property.

Net investment income in the third quarter of 2007 increased 7% to $194.0million from $180.7 million in the third quarter of 2006 primarily as a resultof an increase in average invested assets and higher investment yield.

Nine-Month Results

Net income in the first nine months of 2007 was $532.9 million, or $4.37per diluted share, an increase of 15%, compared to net income of $464.9million, or $3.58 per diluted share, for the first nine months of 2006.

Net operating income for the first nine months of 2007 was $539.8 million,or $4.42 per diluted share, an increase of 16% compared to net operatingincome of $466.5 million, or $3.59 per diluted share, for the first ninemonths of 2006. Net operating income excludes capital gains and losses andother unusual, or non-recurring items.

Net earned premiums of $5.45 billion in the first nine months of 2007increased 7% from $5.08 billion in the first nine months of 2006.

Net investment income in the first nine months of 2007 increased 9% to$601.2 million from $553.7 million in the first nine months of 2006 primarilyresulting from an increase in average invested assets and $37.0 million ofreal estate investment income compared with $18.0 million in the first ninemonths of 2006.

Assurant Solutions

Assurant Solutions third quarter 2007 net operating income was $37.4million, a 10% decrease from the third quarter 2006 net operating income of$41.7 million. The third quarter of 2006 benefited from $5.4 million after-tax of fee income from a closed block of extended service contract business.In the third quarter 2007, the preneed insurance product benefited from theJuly 2007 acquisition of Mayflower National Life Insurance Company("Mayflower"). Net operating income for the first nine months of 2007 was$111.7 million, a 6% decrease from $118.6 million during the first nine monthsof 2006. Results for the first nine months of 2007 were positively impactedby increased investment income including an additional $7.6 million of aftertax real estate investment income compared to the first nine months of 2006.The quarter and first nine months of 2007 declined primarily as a result ofhigher domestic and international combined ratios due to less favorabledomestic service contract loss experience, the previously disclosed loss of adebt deferment client in late 2006, and continued investments made to supportthe business' international strategic expansion.

Assurant Solutions third quarter 2007 net earned premiums increase
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