ASSURANT INC | 2013 | FY | 3


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2013

 

 

2012

 

 

2011

Numerator

 

 

 

 

 

 

 

 

Net income

$

488,907 

 

$

483,705 

 

$

538,956 

Deduct dividends paid

 

(74,128)

 

 

(69,393)

 

 

(67,385)

Undistributed earnings

$

414,779 

 

$

414,312 

 

$

471,571 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

Weighted average shares outstanding used in basic earnings per share calculations

 

76,648,688 

 

 

84,276,427 

 

 

96,626,306 

Incremental common shares from :

 

 

 

 

 

 

 

 

PSUs

 

864,572 

 

 

786,088 

 

 

870,961 

SARs

 

65,712 

 

 

133,405 

 

 

192,756 

ESPP

 

75,792 

 

 

111,145 

 

 

105,286 

Weighted average shares used in diluted earnings per share calculations

 

77,654,764 

 

 

85,307,065 

 

 

97,795,309 

 

 

 

 

 

 

 

 

 

Earnings per common share - Basic

 

 

 

 

 

 

 

 

Distributed earnings

$

0.96 

 

$

0.81 

 

$

0.70 

Undistributed earnings

 

5.42 

 

 

4.93 

 

 

4.88 

Net income

$

6.38 

 

$

5.74 

 

$

5.58 

 

 

 

 

 

 

 

 

 

Earnings per common  share – Diluted

 

 

 

 

 

 

 

 

Distributed earnings

$

0.95 

 

$

0.81 

 

$

0.69 

Undistributed earnings

 

5.35 

 

 

4.86 

 

 

4.82 

Net income

$

6.30 

 

$

5.67 

 

$

5.51 

 


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