Assurant (AIZ) 8-K Assurant Reports Q2 2006 Net Operating Income of $149.7 Million ($1.15 per

Exhibit 99.2

Assurant, Inc. (AIZ)

Financial Supplement as of June 30, 2006

ASSURANT, INC. AND SUBSIDIARIES

EARNINGS RELEASE SUPPLEMENT

AS OF JUNE 30, 2006

INDEX TO SUPPLEMENT

	Page:
REGULATION G – NON GAAP MEASURES	1
SUMMARY FINANCIAL HIGHLIGHTS (unaudited)	2
SEGMENTED BALANCE SHEETS (unaudited)	4
RECONCILIATION OF NET OPERATING INCOME TO NET INCOME (unaudited)	5
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (unaudited)	6
CONDENSED SEGMENT STATEMENTS OF OPERATIONS (unaudited)	7
INVESTMENTS (unaudited)	14
INVESTMENT RESULTS BY ASSET CATEGORY & ANNUALIZED YIELDS (unaudited)	15

About Assurant:

Assurant is a premier provider of specialized insurance products and related services in North America and selected other markets. The four key business segments – Assurant Solutions; Assurant Specialty Property; Assurant Health; and Assurant Employee Benefits – have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance markets in the U.S. and selected international markets. The Assurant business segments provide creditor-placed homeowners insurance; manufactured housing homeowners insurance; debt protection administration; credit insurance; warranties and extended services contracts; individual health and small employer group health insurance; group dental insurance; group disability insurance; group life insurance; and pre-funded funeral insurance.

The company, which is traded on the New York Stock Exchange under the symbol AIZ, has over $20 billion in assets and $7 billion in annual revenue. Assurant has more than 12,000 employees and is headquartered in New York’s financial district.

Safe Harbor Statement:

Some of the statements included in this statistical supplement, particularly those anticipating future financial performance, business prospects, growth and operating strategies and similar matters, are forward-looking statements that involve a number of risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. For a discussion of the factors that could affect our actual results please refer to the risk factors identified from time to time in our SEC reports, posted on the Assurant website at www.assurant.com.

Regulation G – Non GAAP Measures

Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance for the periods presented in the press release. Because Assurant’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing Assurant’s non-GAAP financial measures to those of other companies.

(1) Assurant uses net operating income as an important measure of the company’s operating performance. Net operating income equals net income, excluding net realized gains (losses) on investments and unusual and/or infrequent items. The company believes net operating income provides investors a valuable measure of the performance of the company’s ongoing business, because it excludes both the effect of realized gains (losses) on investments that tend to be highly variable from period to period, and those events that are unusual and/or unlikely to recur.

(2) Book value per share excluding accumulated other comprehensive income (AOCI) has been included as a measure of stockholder value. The company believes book value per share excluding AOCI provides investors a better measure of stockholder value than book value per share because it excludes the effect of unrealized gains (losses) on investments and foreign currency translation, which tend to be highly variable from period to period.

Page 1

Assurant, Inc. and Subsidiaries

Summary Financial Highlights

(Unaudited)

	For the Three-Months Ended June 30,					For the Six-Months Ended June 30,
($ in thousands, except per share amounts)	2006		2005			2006			2005
Net operating income (1)	$	149,659	$	130,176		$	313,478		$	245,294
Net realized gain (loss) from investments		1,477		2,651			(1,417	)		2,971
Excess of loss reinsurance program (1995-1997)		—		(5,203	)		—			(5,203	)
Expenses directly related to the secondary public offering		—		—			—			(1,040	)
Net income before cumulative effect of change in accounting principle		151,136		127,624			312,061			242,022
Cumulative effect of change in accounting principle		—		—			1,547			—
Net income	$	151,136	$	127,624		$	313,608		$	242,022
Total revenues	$	1,949,090	$	1,874,303		$	3,878,872		$	3,736,657
PER SHARE AND SHARE DATA:
Basic earnings per share
Net operating income	$	1.16	$	0.95		$	2.43		$	1.77
Net income before cumulative effect of change in accounting principle	$	1.18	$	0.93		$	2.42		$	1.74
Net income	$	1.18	$	0.93		$	2.43		$	1.74
Weighted average of common shares outstanding - basic		128,488,126		137,700,163			129,239,104			138,712,723
Diluted earnings per share
Net operating income	$	1.15	$	0.94		$	2.39		$	1.75
Net income before cumulative effect of change in accounting principle	$	1.16	$	0.92		$	2.38		$	1.73
Net income	$	1.16	$	0.92		$	2.39		$	1.73
Weighted average of common shares outstanding - diluted		130,327,634		139,019,388			131,197,145			140,030,049

Page 2

Assurant, Inc. and Subsidiaries

Summary Financial Highlights (continued)

(Unaudited)

($ in thousands, except per share amounts)	As of June 30, 2006			As of December 31, 2005
Total assets	$	24,532,416		$	25,365,453
Total stockholders’ equity	$	3,570,354		$	3,699,559
Total stockholders’ equity (excluding AOCI)	$	3,610,351		$	3,480,060
Basic book value per share	$	28.05		$	28.33
Basic book value per share (excluding AOCI) (2)	$	28.37		$	26.65
Shares outstanding for basic book value per share calculation		127,278,688			130,591,834
Diluted book value per share	$	27.64		$	27.90
Diluted book value per share (excluding AOCI) (2)	$	27.95		$	26.25
Shares outstanding for diluted book value per share calculation		129,164,243			132,598,736
Debt to total capital ratio (excluding AOCI)		21.6	%		22.2	%

Page 3

Assurant, Inc. and Subsidiaries

Segmented Condensed Balance Sheets

At June 30, 2006 and December 31, 2005

(Unaudited)

	At June 30, 2006
	Solutions		Specialty Property		Health		Employee Benefits		Corporate & Other(1)			Consolidated
	($ in thousands)
Assets
Investments and cash and cash equivalents	$	7,013,492	$	1,343,794	$	1,271,404	$	2,672,250	$	658,471		$	12,959,411
Reinsurance recoverables		761,097		326,745		6,500		22,574		2,832,653			3,949,569
Deferred acquisition costs		1,949,172		134,481		63,742		28,684		—			2,176,079
Goodwill		—		—		—		—		805,254			805,254
Assets held in separate accounts		245,266		—		—		—		3,008,573			3,253,839
Other assets		315,709		290,431		150,662		210,475		420,987			1,388,264
Total assets		10,284,736		2,095,451		1,492,308		2,933,983		7,725,938			24,532,416
Liabilities
Policyholder benefits and claims payable		4,287,182		289,031		602,449		1,939,924		3,114,634			10,233,220
Unearned premiums		3,133,267		725,602		129,410		14,232		47,125			4,049,636
Debt		—		—		—		—		971,731			971,731
Mandatorily redeemable preferred stock		—		—		—		—		23,160			23,160
Liabilities related to separate accounts		245,266		—		—		—		3,008,573			3,253,839
Accounts payable and other liabilities		967,174		407,111		250,766		276,146		529,279			2,430,476
Total liabilities		8,632,889		1,421,744		982,625		2,230,302		7,694,502			20,962,062
Stockholders’ equity
Equity, excluding accumulated other comprehensive income		1,651,847		673,707		509,683		703,681		71,433			3,610,351
Accumulated other comprehensive income		—		—		—		—		(39,997	)		(39,997	)
Total stockholders’ equity		1,651,847		673,707		509,683		703,681		31,436			3,570,354
Total liabilities and stockholders’ equity	$	10,284,736	$	2,095,451	$	1,492,308	$	2,933,983	$	7,725,938		$	24,532,416
	At December 31, 2005
	Solutions		Specialty Property		Health		Employee Benefits		Corporate & Other(1)			Consolidated
	($ in thousands)
Assets
Investments and cash and cash equivalents	$	6,962,324	$	1,125,980	$	1,246,798	$	2,714,308	$	1,321,982		$	13,371,392
Reinsurance recoverables		812,466		816,533		5,527		23,193		2,790,091			4,447,810
Deferred acquisition costs		1,784,366		132,456		76,593		28,893		—			2,022,308
Goodwill		—		—		—		—		804,864			804,864
Assets held in separate accounts		246,859		—		—		—		3,225,576			3,472,435
Other assets		651,100		187,932		123,960		132,078		151,574			1,246,644
Total assets		10,457,115		2,262,901		1,452,878		2,898,472		8,294,087			25,365,453
Liabilities
Policyholder benefits and claims payable		4,241,237		670,999		603,807		1,926,396		3,097,638			10,540,077
Unearned premiums		2,970,104		700,183		121,959		12,481		46,887			3,851,614
Debt		—		—		—		—		971,690			971,690
Mandatorily redeemable preferred stock		—		—		—		—		24,160			24,160
Liabilities related to separate accounts		246,859		—		—		—		3,225,576			3,472,435
Accounts payable and other liabilities		1,422,739		367,316		247,548		349,347		418,968			2,805,918
Total liabilities		8,880,939		1,738,498		973,314		2,288,224		7,784,919			21,665,894
Stockholders’ equity
Equity, excluding accumulated other comprehensive income		1,576,176		524,403		479,564		610,248		289,669			3,480,060
Accumulated other comprehensive income		—		—		—		—		219,499			219,499
Total stockholders’ equity		1,576,176		524,403		479,564		610,248		509,168			3,699,559
Total liabilities and stockholders’ equity	$	10,457,115	$	2,262,901	$	1,452,878	$	2,898,472	$	8,294,087		$	25,365,453

(1) Corporate and Other segment includes Accumulated Other Comprehensive Income, Reinsurance Recoverables related to the disposal of FFG and LTC businesses, goodwill, separate accounts related to the disposal of FFG business and all of Assurant, Inc.’s debt.

Page 4

Assurant, Inc. and Subsidiaries

Reconciliation of Net Operating Income to Net Income

(Unaudited)

	For the Three Months Ended																		For the Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			June 30,			June 30,
($ in thousands, net of tax)	2006			2006			2005			2005			2005			2005			2006			2005
Assurant Solutions	$	37,148		$	39,747		$	35,382		$	31,939		$	42,392		$	23,434		$	76,895		$	65,826
Assurant Specialty Property		59,276			64,444			39,037			31,685			34,213			38,292			123,720			72,505
Assurant Health		41,016			45,096			33,297			45,718			49,367			49,673			86,112			99,040
Assurant Employee Benefits		20,590			19,185			19,329			22,846			9,812			16,379			39,775			26,191
Corporate and other		(4,930	)		(439	)		20,701			(4,289	)		(3,314	)		(10,417	)		(5,369	)		(13,731	)
Amortization of deferred gain on disposal of businesses		6,514			5,741			4,651			7,609			7,660			7,711			12,255			15,371
Interest expense		(9,955	)		(9,955	)		(9,955	)		(9,955	)		(9,954	)		(9,954	)		(19,910	)		(19,908	)
Net operating income		149,659			163,819			142,442			125,553			130,176			115,118			313,478			245,294
Adjustments:
Net realized gain (loss) on investments		1,477			(2,894	)		(5,396	)		9,794			2,651			320			(1,417	)		2,971
Excess loss of reinsurance program (1995-1997)		—			—			—			(35,060	)		(5,203	)		—			—			(5,203	)
Expenses directly related to the secondary public offering		—			—			—			—			—			(1,040	)		—			(1,040	)
Net income before cumulative effect of change in accounting principle		151,136			160,925			137,046			100,287			127,624			114,398			312,061			242,022
Cumulative effect of change in accounting principle		—			1,547			—			—			—			—			1,547			—
Net income	$	151,136		$	162,472		$	137,046		$	100,287		$	127,624		$	114,398		$	313,608		$	242,022

Page 5

Assurant, Inc. and Subsidiaries

Consolidated Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended																		For the Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			June 30,			June 30,
($ in thousands)	2006			2006			2005			2005			2005			2005			2006			2005
Revenues:
Net earned premiums and other considerations	$	1,685,322		$	1,672,653		$	1,644,477		$	1,621,186		$	1,623,239		$	1,631,894		$	3,357,975		$	3,255,133
Net investment income		180,438			192,562			170,864			175,175			177,018			164,200			373,000			341,218
Net realized (loss) gain on investments		2,272			(4,452	)		(8,301	)		11,965			4,079			492			(2,180	)		4,571
Amortization of deferred gain on disposal of businesses		10,022			8,833			7,155			11,706			11,784			11,863			18,855			23,647
Fees and other income		71,036			60,186			67,382			59,409			58,183			53,905			131,222			112,088
		1,949,090			1,929,782			1,881,577			1,879,441			1,874,303			1,862,354			3,878,872			3,736,657
Benefits, losses and expenses:
Policyholder benefits		874,204			889,679			869,678			970,596			924,011			943,524			1,763,883			1,867,535
Selling, underwriting, general and administrative expenses		827,408			782,432			847,172			752,156			746,879			726,793			1,609,840			1,473,672
Interest expense		15,315			15,315			15,315			15,315			15,314			15,314			30,630			30,628
		1,716,927			1,687,426			1,732,165			1,738,067			1,686,204			1,685,631			3,404,353			3,371,835
Income before income taxes and cumulative effect of change in accounting principle		232,163			242,356			149,412			141,374			188,099			176,723			474,519			364,822
Income taxes		81,027			81,431			12,366			41,087			60,475			62,325			162,458			122,800
Net income before cumulative effect of change in accounting principle		151,136			160,925			137,046			100,287			127,624			114,398			312,061			242,022
Cumulative effect of change in accounting principle		—			1,547			—			—			—			—			1,547			—
Net income	$	151,136		$	162,472		$	137,046		$	100,287		$	127,624		$	114,398		$	313,608		$	242,022
Share repurchase program:
Shares repurchased		2,140,000			1,416,800			2,014,468			3,910,926			2,797,500			710,000			3,556,800			3,507,500
Average repurchase price per share	$	48.43		$	45.17		$	38.00		$	37.38		$	34.32		$	34.16		$	47.13		$	34.29
Repurchase price	$	103,630		$	64,001		$	76,551		$	146,181		$	96,006		$	24,252		$	167,631		$	120,258
AIZ Closing stock price (NYSE)	$	48.40		$	49.25		$	43.49		$	38.06		$	36.10		$	33.70		$	48.40		$	36.10
Investment yield (1)		5.83	%		5.75	%		5.54	%		5.71	%		5.63	%		5.51	%		5.74	%		5.57	%
Real estate investment income (1)	$	—		$	14,735		$	—		$	3,156		$	9,409		$	—		$	14,735		$	9,409

(1) Investment yield excludes investment income from real estate partnerships.

Page 6

Assurant Solutions

Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended												For the Six Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,		March 31,		June 30,			June 30,
($ in thousands)	2006		2006		2005		2005		2005		2005		2006			2005
Revenues:
Net earned premiums and other considerations	$	592,182	$	570,388	$	573,880	$	556,084	$	554,829	$	535,352	$	1,162,570		$	1,090,181
Net investment income		98,951		97,082		93,192		92,070		100,107		86,196		196,033			186,303
Fees and other income		39,525		34,170		41,004		32,063		30,574		29,089		73,695			59,663
		730,658		701,640		708,076		680,217		685,510		650,637		1,432,298			1,336,147
Benefits, losses and expenses:
Policyholder benefits		247,208		248,380		246,585		271,357		269,284		259,674		495,588			528,958
Selling, underwriting, general and administrative expenses		424,429		394,878		406,259		360,947		353,299		357,000		819,307			710,299
		671,637		643,258		652,844		632,304		622,583		616,674		1,314,895			1,239,257
Income before income taxes		59,021		58,382		55,232		47,913		62,927		33,963		117,403			96,890
Income taxes		21,873		18,635		19,850		15,974		20,535		10,529		40,508			31,064
Net operating income	$	37,148	$	39,747	$	35,382	$	31,939	$	42,392	$	23,434	$	76,895		$	65,826
Gross written premiums for selected product groupings:
Domestic Credit	$	182,489	$	168,927	$	199,082	$	182,999	$	194,667	$	190,718	$	351,416		$	385,385
International Credit	$	159,208	$	161,024	$	160,858	$	166,413	$	157,449	$	162,747	$	320,232		$	320,196
Domestic extended service contracts	$	290,851	$	285,504	$	326,974	$	298,969	$	241,035	$	253,249	$	576,355		$	494,284
International extended service contracts	$	71,330	$	66,256	$	86,674	$	62,669	$	50,593	$	47,570	$	137,586		$	98,163
Preneed (Face Sales)	$	120,545	$	123,688	$	123,202	$	141,786	$	144,508	$	133,019	$	244,233		$	277,527
Investment yield(1) *		N/A		N/A		N/A		N/A		N/A		N/A		5.54	%		N/A
Real estate investment income (1)	$	—	$	2,506	$	—	$	—	$	9,409	$	—	$	2,506		$	9,409

(1) Investment yield excludes investment income from real estate partnerships.

* Segment balance sheets as of March 31, 2006, September 30, 2005, June 30, 2005 and March 31, 2005 are not available. Therefore, investment yields are not available.

Page 7

Assurant Specialty Property

Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended																		For the Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			June 30,			June 30,
($ in thousands)	2006			2006			2005			2005			2005			2005			2006			2005
Revenues:
Net earned premiums and other considerations	$	290,972		$	252,749		$	230,684		$	219,374		$	207,696		$	201,094		$	543,721		$	408,790
Net investment income		17,923			16,790			15,481			16,648			14,843			14,981			34,713			29,824
Fees and other income		13,587			9,458			9,948			9,850			10,168			8,193			23,045			18,361
		322,482			278,997			256,113			245,872			232,707			224,268			601,479			456,975
Benefits, losses and expenses:
Policyholder benefits		110,474			70,459			77,762			96,707			72,294			70,744			180,933			143,038
Selling, underwriting, general and administrative expenses		122,369			109,089			118,811			100,838			108,230			95,120			231,458			203,350
		232,843			179,548			196,573			197,545			180,524			165,864			412,391			346,388
Income before income taxes		89,639			99,449			59,540			48,327			52,183			58,404			189,088			110,587
Income taxes		30,363			35,005			20,503			16,642			17,970			20,112			65,368			38,082
Net operating income	$	59,276		$	64,444		$	39,037		$	31,685		$	34,213		$	38,292		$	123,720		$	72,505
Net Earned Premiums for selected product groupings:
Homeowners (Creditor Placed & Voluntary)	$	178,363		$	142,892		$	118,070		$	114,965		$	107,219		$	103,272		$	321,255		$	210,491
Manufactured Housing (Creditor Placed & Voluntary)		54,184			55,968			57,957			52,699			53,252			53,516			110,152			106,768
Other		58,425			53,889			54,657			51,710			47,225			44,306			112,314			91,531
Total	$	290,972		$	252,749		$	230,684		$	219,374		$	207,696		$	201,094		$	543,721		$	408,790
Ratios:
Loss ratio (a)		38.0	%		27.9	%		33.7	%		44.1	%		34.8	%		35.2	%		33.3	%		35.0	%
Expense ratio (b)		40.2	%		41.6	%		49.4	%		44.0	%		49.7	%		45.4	%		40.8	%		47.6	%
Combined ratio (c)		76.5	%		68.5	%		81.7	%		86.2	%		82.9	%		79.3	%		72.8	%		81.1	%
Investment yield (1)*		N/A			N/A			N/A			N/A			N/A			N/A			5.62	%		N/A
Real estate investment income (1)	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—

(a) The loss ratio is equal to policyholder benefits divided by net earned premiums and other considerations.

(b) The expense ratio is equal to selling, underwriting and general expenses divided by net earned premiums and other considerations and fees and other income.

(c) The combined ratio is equal to total benefits, losses and expenses divided by net earned premiums and other considerations and fees and other income.

(1) Investment yield excludes investment income from real estate partnerships.

* Segment balance sheets as of March 31, 2006, September 30, 2005, June 30, 2005 and March 31, 2005 are not available. Therefore, investment yields are not available.

Page 8

Assurant Health

Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended												For the Six Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,		March 31,		June 30,		June 30,
($ in thousands)	2006		2006		2005		2005		2005		2005		2006		2005
Revenues:
Net earned premiums and other considerations	$	519,587	$	523,405	$	531,345	$	538,800	$	544,294	$	549,526	$	1,042,992	$	1,093,820
Net investment income		17,110		24,001		16,474		17,707		17,170		17,705		41,111		34,875
Fees and other income		10,250		9,726		9,323		10,420		10,270		10,331		19,976		20,601
		546,947		557,132		557,142		566,927		571,734		577,562		1,104,079		1,149,296
Benefits, losses and expenses:
Policyholder benefits		321,322		325,401		329,793		336,362		333,101		345,368		646,723		678,469
Selling, underwriting, general and administrative expenses		163,019		162,712		176,626		161,125		163,385		156,763		325,731		320,148
		484,341		488,113		506,419		497,487		496,486		502,131		972,454		998,617
Income before income taxes		62,606		69,019		50,723		69,440		75,248		75,431		131,625		150,679
Income taxes		21,590		23,923		17,426		23,722		25,881		25,758		45,513		51,639
Net operating income	$	41,016	$	45,096	$	33,297	$	45,718	$	49,367	$	49,673	$	86,112	$	99,040
Net earned premiums and other considerations:
Individual:
Individual medical	$	300,267	$	297,338	$	295,322	$	291,817	$	290,047	$	287,312	$	597,605	$	577,359
Short-term medical		25,489		25,001		26,664		30,257		28,115		25,876		50,490		53,991
Subtotal		325,756		322,339		321,986		322,074		318,162		313,188		648,095		631,350
Small employer group		193,831		201,066		209,359		216,726		226,132		236,338		394,897		462,470
Total	$	519,587	$	523,405	$	531,345	$	538,800	$	544,294	$	549,526	$	1,042,992	$	1,093,820

Page 9

Assurant Health (continued)

Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended																		For the Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			June 30,			June 30,
($ in thousands)	2006			2006			2005			2005			2005			2005			2006			2005
Sales (Annualized issued premiums):
Individual:
Individual medical	$	76,616		$	76,192		$	71,745		$	69,343		$	68,137		$	76,389		$	152,808		$	144,526
Short-term medical		28,128			30,248			24,747			34,889			31,566			28,716			58,376			60,282
Subtotal		104,744			106,440			96,492			104,232			99,703			105,105			211,184			204,808
Small employer group		32,527			34,573			36,466			36,224			41,211			45,486			67,100			86,697
Total	$	137,271		$	141,013		$	132,958		$	140,456		$	140,914		$	150,591		$	278,284		$	291,505
Membership by product line:
Individual:
Individual medical		632			636			644			647			662			671			632			662
Short-term medical		105			100			102			122			129			116			105			129
		��
Subtotal		737			736			746			769			791			787			737			791
Small employer group		226			239			255			267			287			308			226			287
Total		963			975			1,001			1,036			1,078			1,095			963			1,078
Ratios:
Loss ratio (a)		61.8	%		62.2	%		62.1	%		62.4	%		61.2	%		62.8	%		62.0	%		62.0	%
Expense ratio (b)		30.8	%		30.5	%		32.7	%		29.3	%		29.5	%		28.0	%		30.6	%		28.7	%
Combined ratio (c)		91.4	%		91.6	%		93.7	%		90.6	%		89.5	%		89.7	%		91.5	%		89.6	%
Investment yield (1)		5.83	%		5.70	%		5.57	%		5.48	%		5.23	%		5.44	%		5.76	%		5.42	%
Real estate investment income (1)	$	—		$	7,372		$	—		$	596		$	—		$	—		$	7,372		$	—

(a) The loss ratio is equal to policyholder benefits divided by net earned premiums and other considerations.

(b) The expense ratio is equal to selling, underwriting and general expenses divided by net earned premiums and other considerations and fees and other income.

(c) The combined ratio is equal to total benefits, losses and expenses divided by net earned premiums and other considerations and fees and other income.

(1) Investment yield excludes investment income from real estate partnerships.

Page 10

Assurant Employee Benefits

Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended												For the Six Months Ended
	June 30,		March 31,		December 31,		September 30,		June 30,		March 31,		June 30,		June 30,
($ in thousands)	2006		2006		2005		2005		2005		2005		2006		2005
Revenues:
Net earned premiums and other considerations	$	282,581	$	326,111	$	308,568	$	306,928	$	316,420	$	345,922	$	608,692	$	662,342
Net investment income		38,744		40,839		38,754		41,878		38,274		37,983		79,583		76,257
Fees and other income		7,547		6,832		6,056		6,976		6,993		6,189		14,379		13,182
		328,872		373,782		353,378		355,782		361,687		390,094		702,654		751,781
Benefits, losses and expenses:
Policyholder benefits		195,195		245,439		215,538		212,022		241,537		267,738		440,634		509,275
Selling, underwriting, general and administrative expenses		101,827		99,114		108,095		108,403		105,027		97,017		200,941		202,044
		297,022		344,553		323,633		320,425		346,564		364,755		641,575		711,319
Income before income taxes		31,850		29,229		29,745		35,357		15,123		25,339		61,079		40,462
Income taxes		11,260		10,044		10,416		12,511		5,311		8,960		21,304		14,271
Net operating income	$	20,590	$	19,185	$	19,329	$	22,846	$	9,812	$	16,379	$	39,775	$	26,191
Net earned premiums and other considerations by:
Major product grouping:
Group dental	$	108,010	$	111,393	$	121,444	$	124,780	$	128,323	$	128,242	$	219,403	$	256,565
Group disability single premiums for closed blocks		—		33,920		—		—		—		26,700		33,920		26,700
All other group disability		119,847		121,586		123,390		118,595		123,078		124,777		241,433		247,855
Group life		54,724		59,212		63,734		63,553		65,019		66,203		113,936		131,222
Total	$	282,581	$	326,111	$	308,568	$	306,928	$	316,420	$	345,922	$	608,692	$	662,342

Page 11

Assurant Employee Benefits (continued)

Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended																		For the Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			June 30,			June 30,
($ in thousands)	2006			2006			2005			2005			2005			2005			2006			2005
Sales:
Group dental	$	12,843		$	26,979		$	17,316		$	21,588		$	18,187		$	41,757		$	39,822		$	59,944
Group disability		10,022			13,633			9,722			12,649			14,864			25,420			23,655			40,284
Group life		5,344			6,681			6,702			5,883			10,898			18,561			12,025			29,459
Total	$	28,209		$	47,293		$	33,740		$	40,120		$	43,949		$	85,738		$	75,502		$	129,687
Ratios:
Loss ratio (a)		69.1	%		75.3	%		69.9	%		69.1	%		76.3	%		77.4	%		72.4	%		76.9	%
Expense ratio (b)		35.1	%		29.8	%		34.4	%		34.5	%		32.5	%		27.6	%		32.3	%		29.9	%
Investment yield (1)		6.17	%		6.47	%		6.15	%		6.29	%		6.14	%		6.12	%		6.33	%		6.17	%
Real estate investment income (1)	$	—		$	—		$	—		$	2,560		$	—		$	—		$	—		$	—

(a) The loss ratio is equal to policyholder benefits divided by net earned premiums and other considerations.

(b) The expense ratio is equal to selling, underwriting and general expenses divided by net earned premiums and other considerations and fees and other income.

(1) Investment yield excludes investment income from real estate partnerships.

Page 12

Assurant Corporate and Other

Condensed Statement of Operations

(Unaudited)

	For the Three Months Ended																		For the Six Months Ended
	June 30,			March 31,			December 31,			September 30,			June 30,			March 31,			June 30,			June 30,
($ in thousands)	2006			2006			2005			2005			2005			2005			2006			2005
Revenues:
Net earned premiums and other considerations	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		7,710			13,850			6,963			6,872			6,624			7,335			21,560			13,959
Net realized (loss) gain on investments		2,272			(4,452	)		(8,301	)		11,965			4,079			492			(2,180	)		4,571
Amortization of deferred gain on disposal of businesses		10,022			8,833			7,155			11,706			11,784			11,863			18,855			23,647
Fees and other income		127			—			1,051			100			178			103			127			281
		20,131			18,231			6,868			30,643			22,665			19,793			38,362			42,458
Benefits, losses and expenses:
Policyholder benefits		5			—			—			54,148			7,795			—			5			7,795
Selling, underwriting, general and administrative expenses		15,764			16,639			37,381			20,843			16,938			20,893			32,403			37,831
Interest expense		15,315			15,315			15,315			15,315			15,314			15,314			30,630			30,628
		31,084			31,954			52,696			90,306			40,047			36,207			63,038			76,254
Loss before income taxes and cumulative effect of change in accounting principle		(10,953	)		(13,723	)		(45,828	)		(59,663	)		(17,382	)		(16,414	)		(24,676	)		(33,796	)
Income taxes		(4,059	)		(6,176	)		(55,829	)		(27,762	)		(9,222	)		(3,034	)		(10,235	)		(12,256	)
Net operating (loss) income before cumulative effect of change in accounting principle		(6,894	)		(7,547	)		10,001			(31,901	)		(8,160	)		(13,380	)		(14,441	)		(21,540	)
Cumulative effect of change in accounting principle		—			1,547			—			—			—			—			1,547			—
Net operating (loss) income	$	(6,894	)	$	(6,000	)	$	10,001		$	(31,901	)	$	(8,160	)	$	(13,380	)	$	(12,894	)	$	(21,540	)
Real estate investment income	$	—		$	4,857		$	—		$	—		$	—		$	—		$	4,857		$	—
Corporate and Other Reconciliation
Assurant Corporate and Other Segment Net Operating Income	$	(6,894	)	$	(6,000	)	$	10,001		$	(31,901	)	$	(8,160	)	$	(13,380	)	$	(12,894	)	$	(21,540	)
Adjustments, net of tax:
Amortization of deferred gain on disposal of businesses		(6,514	)		(5,741	)		(4,651	)		(7,609	)		(7,660	)		(7,711	)		(12,255	)		(15,371	)
Interest expense		9,955			9,955			9,955			9,955			9,954			9,954			19,910			19,908
Net realized (gain) loss on investments		(1,477	)		2,894			5,396			(9,794	)		(2,651	)		(320	)		1,417			(2,971	)
Excess loss of reinsurance program (1995-1997)		—			—			—			35,060			5,203			—			—			5,203
Expenses directly related to the secondary public offering		—			—			—			—			—			1,040			—			1,040
Cumulative effect of change in accounting principle		—			(1,547	)		—			—			—			—			(1,547	)		—
Corporate and other per Reconciliation of Net Operating
Income to Net Income (page 5)	$	(4,930	)	$	(439	)	$	20,701		$	(4,289	)	$	(3,314	)	$	(10,417	)	$	(5,369	)	$	(13,731	)

Page 13

Assurant, Inc. and Subsidiaries

Investments

(Unaudited)

($ in thousands)	As of June 30, 2006				As of December 31, 2005
Investments by Type
Fixed maturities: available-for-sale, at fair value	$	8,866,664			$	8,961,778
Equity Securities: available-for-sale
Preferred stocks		729,225				691,523
Common stocks		1,157				1,578
Commercial mortgage loans on real estate, at amortized cost		1,252,612				1,212,006
Policy loans		59,149				61,043
Cash and short-term investments		902,649				1,283,043
Collateral held under securities lending		605,939				610,662
Other investments		542,016				549,759
Total	$	12,959,411			$	13,371,392
Fixed Maturity Securities by Credit Quality (Fair Value)
Aaa / Aa / A	$	6,083,817	69	%	$	6,211,058	69	%
Baa		2,132,416	24	%		2,122,752	24	%
Ba		547,588	6	%		515,740	6	%
B		99,616	1	%		101,724	1	%
Caa and lower		2,579	0	%		9,764	0	%
In or near default		648	0	%		740	0	%
Total	$	8,866,664	100	%	$	8,961,778	100	%
Fixed Maturity Securities by Issuer Type (Fair Value)
U.S government and government agencies and authorities	$	168,192	2	%	$	207,711	2	%
State, municipalities and political subdivisions		248,100	3	%		235,933	3	%
Foreign government		450,694	5	%		589,353	6	%
Public utilities		1,144,829	13	%		1,064,591	12	%
Mortgage backed securities		1,320,761	15	%		1,492,684	17	%
All other corporate bonds		5,534,088	62	%		5,371,506	60	%
Total	$	8,866,664	100	%	$	8,961,778	100	%

Page 14

Assurant, Inc.

Investment Results by Asset Category and Annualized Yields

(Unaudited)

	For the Three Months Ended June 30, 2006								For the Three Months Ended June 30, 2005								For the Six Months Ended June 30, 2006								For the Six Months Ended June 30, 2005
			Investment			Investment					Investment			Investment					Investment			Investment					Investment			Investment
($ in thousands)	Yield		Income			Gain (Loss)			Yield		Income			Gain (Loss)			Yield		Income			Gain (Loss)			Yield		Income			Gain (Loss)
Fixed maturities: available-for-sale, at fair value	5.76	%	$	127,725		$	(258	)	5.71	%	$	126,279		$	(3,628	)	5.78	%	$	254,566		$	(2,875	)	5.76	%	$	251,948		$	(3,342	)
Equity Securities: available-for-sale	7.11	%		13,519			37		6.89	%		9,528			(1,168	)	6.81	%		25,302			(1,617	)	6.84	%		18,374			(890	)
Commercial mortgage loans on real estate, at amortized cost	7.21	%		22,409			(84	)	7.40	%		19,866			(570	)	7.43	%		45,762			(209	)	7.34	%		39,623			(995	)
Policy loans	9.78	%		1,457			—		5.24	%		839			—		7.75	%		2,330			—		6.03	%		1,944			—
Cash and short-term investments	4.59	%		10,417			7		2.52	%		5,264			(1	)	3.75	%		20,473			148		2.30	%		10,691			(3	)
Other investments	8.10	%		11,119			2,570		15.74	%		21,572			9,446		13.59	%		37,084			2,373		11.20	%		30,978			9,801
Total				186,646		$	2,272					183,348		$	4,079					385,517		$	(2,180	)				353,558		$	4,571
Investment expenses				(6,208	)							(6,330	)							(12,517	)							(12,340	)
Net investment income			$	180,438							$	177,018							$	373,000							$	341,218
Gross investment gain						$	10,682							$	20,262							$	16,808							$	28,429
Gross investment loss							(8,410	)							(15,968	)							(18,988	)							(23,643	)
Write-downs on available-for-sale securities							—								(215	)							—								(215	)
Net investment gain						$	2,272							$	4,079							$	(2,180	)						$	4,571

Page 15