ASSURANT INC | 2013 | FY | 3


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

Pension Benefits

 

Retirement Health Benefits

 

  

2013

 

2012

 

2011

 

2013

 

2012

 

2011

Change in projected benefit obligation

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Projected benefit obligation at beginning of year

  

$

(956,172)

 

$

(855,638)

 

$

(749,284)

 

$

(86,237)

 

$

(75,702)

 

$

(97,436)

Service cost

  

 

(38,580)

 

 

(35,609)

 

 

(31,832)

 

 

(2,863)

 

 

(2,762)

 

 

(3,233)

Interest cost

  

 

(38,243)

 

 

(38,348)

 

 

(38,919)

 

 

(3,473)

 

 

(3,483)

 

 

(3,915)

Amendments

  

 

0 

 

 

0 

 

 

(1,865)

 

 

0 

 

 

0 

 

 

13,541 

Actuarial gain (loss), including curtailments and settlements

  

 

89,029 

 

 

(60,106)

 

 

(73,449)

 

 

11,213 

 

 

(6,288)

 

 

13,249 

Benefits paid

  

 

38,023 

 

 

33,529 

 

 

39,711 

 

 

2,314 

 

 

1,998 

 

 

2,092 

Projected benefit obligation at end of year

  

$

(905,943)

 

$

(956,172)

 

$

(855,638)

 

$

(79,046)

 

$

(86,237)

 

$

(75,702)

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in plan assets

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair value of plan assets at beginning of year

  

$

704,976 

 

$

601,662 

 

$

533,867 

 

$

45,651 

 

$

42,073 

 

$

39,663 

Actual return on plan assets

  

 

64,641 

 

 

81,896 

 

 

56,965 

 

 

3,234 

 

 

5,576 

 

 

4,502 

Employer contributions

  

 

56,217 

 

 

56,096 

 

 

51,740 

 

 

400 

 

 

0 

 

 

0 

Benefits paid (including administrative expenses)

  

 

(39,084)

 

 

(34,678)

 

 

(40,910)

 

 

(2,314)

 

 

(1,998)

 

 

(2,092)

Fair value of plan assets at end of year

  

$

786,750 

 

$

704,976 

 

$

601,662 

 

$

46,971 

 

$

45,651 

 

$

42,073 

Funded status at end of year

  

$

(119,193)

 

$

(251,196)

 

$

(253,976)

 

$

(32,075)

 

$

(40,586)

 

$

(33,629)

 


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