This excerpt taken from the AIZ 10-K filed Mar 10, 2006.
Our results of operations were affected by the following significant dispositions, including:
PreNeed Segments Independent United States Future Business
On November 9, 2005, the Company signed an agreement with Forethought Life Insurance Company (Forethought) whereby the Company will discontinue writing new PreNeed insurance policies in the United States via independent funeral homes and Non-SCI Corporate funeral home chains. The Company will receive payments from Forethought over the next ten years based on the amount of business the Company transitions to Forethought. This agreement does not impact Assurant PreNeeds IndependentCanada or American Memorial Life Insurance Company SCI distribution channels. The transaction did not have a material impact on the Companys consolidated financial position or results of operations.
Workability Division of Core, Inc. (Core)
On May 3, 2004, the Company sold the assets of its Workability division of Core. The Company recorded a pre-tax loss on sale of $9,232.
Assurant, Inc. and Subsidiaries
Notes to Consolidated Financial Statements(Continued)
December 31, 2005, 2004 and 2003
(In thousands except number of shares and per share amounts)