VOYAGER INDEMNITY INSURANCE COMPANY
($000)
2013
2014
2015
Total Assets
83,581
84,569
116,406
Total Liabilities
26,859
25,299
Policyholder Surplus
56,722
59,270
Loss & LAE Reserves
12,637
Reserves / NPE
11.1%
2yr Res Development
2yr Dev / Reserves
RBC Ratio (%)
($000)
2013
2014
2015
Operating Cash Flows
12,853
24,658
36,198
42,921
Cash & Equivalents
17,436
11,020
18,420
73,485
Cash / Total Assets
20.9%
13.0%
15.8%
13,587
26,378
Affiliated Common Stck
12.8%
19.6%
Affiliated CS / Surplus
0
0
0
0.0%
0.0%
0.0%
-498
-2,188
65
Net Reins Recoverable
52,996
43,710
25,799
-3.9%
-16.1%
0.2%
Net Reins Rec / Surplus
93.4%
73.7%
35.1%
2,107.9
4,736.3
1,790.6
A / nr
A / nr
A / nr
AMB / S&P Ratings
Income/Loss Trends ($000)
Combined Ratio Trends
40,000
120.0
35,000
100.0
30,000
80.0
25,000
20,000
60.0
15,000
40.0
10,000
5,000
20.0
0
2013
2014
2015
Net Underwriting Results
Net Investment Result
Net Income
Dividends to Stockholders
Premium Trends ($000)
0.0
2013
2014
Loss Ratio
2015
Expense Ratio
Combined Ratio
2015 Investment Portfolio
Cash
&
S/T Inv.
21%
Preferred
Stock
2%
200,000
150,000
100,000
50,000
Bonds
77%
0
2013
Gross Premiums Written
2014
2015
Net Premiums Written
Net Premiums Earned
Voyager Indemnity Insurance Company was incorporated in the State of Georgia in December 1981. The company was acquired by
American Bankers Insurance Group in May 1993. Financial control has been under Assurant, Inc. (previously known as Fortis, Inc.
prior to its 2004 spin-off from its European-based parent, Fortis) since August 1999. The company has been eligible to write surplus
lines business in New York since July 9, 2013. As of December 31, 2015, Voyager was licensed in Georgia and operated on a nonadmitted basis in forty-eight states and Puerto Rico.
ULTIMATE PARENT – Assurant, Inc.
Corporate Profile
Address:
Assurant, Inc.
One Chase Manhattan Plaza, 41st Floor
New York, NY 10005
Website:
www.assurant.com
Ticker Symbol:
NYSE - AIZ
Highlights ($000)
Total Assets
Total Liabilities
Shareholders' Equity
Net Income
Debt
Debt / Equity
2015 Form 10-K: http://www.sec.gov/Archives/edgar/data/1267238/000
162828016011239/aiz1231201510k.htm
Dividends Paid
Dividends / Net Income
2014
31,562,466
26,381,159
5,181,307
470,907
2015
30,043,128
25,519,161
4,523,967
141,555
1,171,079
22.6%
1,171,382
25.9%
77,495
16.5%
94,168
66.5%
Assurant, Inc. is a publicly traded holding company (NYSE: AIZ). AIZ provides specialized insurance products and related services
in North America and internationally. The company operates in four segments: Assurant Solutions; Assurant Specialty Property;
Assurant Health; Assurant Employee Benefits. AIZ was founded in 1969 and is based in New York, New York.
Important Information Regarding Financial Summaries
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FINANCIAL ANALYSIS”.
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