us-gaap:ScheduleOfSegmentReportingInformationBySegmentTextBlock

ADOBE SYSTEMS INC


	Creative			Knowledge									Print and
(in thousands)	Solutions			Worker			Enterprise			Platform^(*)			Publishing			Total

Three months ended August 28, 2009
Revenue	$	400,360		$	154,517		$	55,488		$	44,935		$	42,207		$	697,507
Cost of revenue		34,903			9,870			10,957			4,946			4,371			65,047

Gross profit	$	365,457		$	144,647		$	44,531		$	39,989		$	37,836		$	632,460

Gross profit as a percentage of revenue		91	%		94	%		80	%		89	%		90	%		91	%

Three months ended August 29, 2008
Revenue	$	493,615		$	217,988		$	65,491		$	59,077		$	51,086		$	887,257
Cost of revenue		53,716			15,762			20,727			14,137			6,509			110,851

Gross profit	$	439,899		$	202,226		$	44,764		$	44,940		$	44,577		$	776,406

Gross profit as a percentage of revenue		89	%		93	%		68	%		76	%		87	%		88	%


^(*)		Platform revenue includes revenue related to our Mobile client products of $8.4 million and $27.5 million for the three months ended August 28, 2009 and August 29, 2008, respectively, or 19% and 47% of Platform revenues, respectively.

ASSURANT INC,

13. Segment Information

The Company has five reportable segments, which are defined based on the nature of the products and services offered: Assurant Solutions, Assurant Specialty Property, Assurant Health, Assurant Employee Benefits, and Corporate & Other. Assurant Solutions provides credit-related insurance, including life, disability and unemployment, debt protection administration services, warranties and service contracts, life insurance policies and annuity products that provide benefits to fund pre-arranged funerals. Assurant Specialty Property provides creditor-placed homeowners insurance and manufactured housing homeowners insurance. Assurant Health provides individual, short-term and small group health insurance. Assurant Employee Benefits provides employee and employer paid dental, disability, and life insurance products and related services. Corporate & Other includes activities of the holding company, financing and interest expenses, net realized gains (losses) on investments, interest income earned from short-term investments held and additional costs associated with excess of loss reinsurance programs reinsured and ceded to certain subsidiaries in the London market between 1995 and 1997. Corporate & Other also includes the amortization of deferred gains associated with the sales of Fortis Financial Group and Long-Term Care through reinsurance agreements.

The Company evaluates performance of the operating business segments based on after-tax segment income (loss) excluding realized gains (losses) on investments. The Company determines reportable segments in a manner consistent with the way the Company organizes for purposes of making operating decisions and assessing performance.

The following tables summarize selected financial information by segment:

	Three Months Ended September 30, 2009
	Solutions	Specialty Property	Health	Employee Benefits	Corporate & Other	Consolidated
Revenues
Net earned premiums and other considerations	$ 669,344	$ 478,701	$ 470,385	$ 255,968	$ -	$ 1,874,398
Net investment income	97,681	26,550	11,770	33,039	3,884	172,924
Net realized gains on investments	-	-	-	-	19,866	19,866
Amortization of deferred gain on disposal of businesses	-	-	-	-	6,802	6,802
Fees and other income	50,093	15,100	10,140	7,467	83	82,883
Total revenues	817,118	520,351	492,295	296,474	30,635	2,156,873
Benefits, losses and expenses
Policyholder benefits	248,933	156,076	353,412	182,632	92	941,145
Amortization of deferred acquisition costs and value of business acquired	290,200	88,973	1,428	9,781	-	390,382
Underwriting, general and administrative expenses	230,017	118,019	146,047	86,748	20,289	601,120
Interest expense	-	-	-	-	15,160	15,160
Total benefits, losses and expenses	769,150	363,068	500,887	279,161	35,541	1,947,807
Segment income (loss) before provision (benefit) for income tax	47,968	157,283	(8,592)	17,313	(4,906)	209,066
Provision (benefit) for income taxes	16,324	54,126	(3,745)	5,863	(8,232)	64,336
Segment income (loss) after tax	$ 31,644	$ 103,157	$ (4,847)	$ 11,450	$ 3,326
Net income						$ 144,730

	Three Months Ended September 30, 2008
	Solutions	Specialty Property	Health	Employee Benefits		Corporate & Other	Consolidated
Revenues
Net earned premiums and other considerations	$ 707,115	$ 513,228	$ 486,700	$ 277,093	$ -		$ 1,984,136
Net investment income	105,539	31,129	13,769	35,278	6,599		192,314
Net realized losses on investments	-	-	-	-	(299,205)		(299,205)
Amortization of deferred gain on disposal of businesses	-	-	-	-	7,379		7,379
Fees and other income	40,623	12,501	10,100	6,475	212		69,911
Total revenues	853,277	556,858	510,569	318,846	(285,015)		1,954,535
Benefits, losses and expenses
Policyholder benefits	295,190	302,105	311,790	185,951	12		1,095,048
Amortization of deferred acquisition costs and value of business acquired	326,468	82,731	4,263	9,305	-		422,767
Underwriting, general and administrative expenses	201,311	125,788	148,082	90,421	19,448		585,050
Interest expense	-	-	-	-	15,190		15,190
Total benefits, losses and expenses	822,969	510,624	464,135	285,677	34,650		2,118,055
Segment income (loss) before provision (benefit) for income tax	30,308	46,234	46,434	33,169	(319,665)		(163,520)
Provision (benefit) for income taxes	9,921	15,292	16,230	11,712	(105,246)		(52,091)
Segment income (loss) after tax	$ 20,387	$ 30,942	$ 30,204	$ 21,457	$ (214,419)
Net (loss)							$ (111,429)

	Nine Months Ended September 30, 2009
	Solutions	Specialty Property	Health	Employe Benefits	Corporat & Other	Consolidated
Revenues
Net earned premiums and other considerations	$1,980,891	$ 1,450,329	$ 1,411,626	$ 781,997	$ -	$ 5,624,843
Net investment income	292,782	84,306	36,320	100,662	12,265	526,335
Net realized losses on investments	-	-	-	-	(41,965)	(41,965)
Amortization of deferred gain on disposal of businesses	-	-	-	-	20,354	20,354
Fees and other income	154,084	42,066	29,901	21,765	140,976	388,792
Total revenues	2,427,757	1,576,701	1,477,847	904,424	131,630	6,518,359
Benefits, losses and expenses
Policyholder benefits	782,280	502,043	1,033,016	568,130	5,420	2,890,889
Amortization of deferred acquisition costs and value of business acquired	864,295	276,253	7,260	28,861	-	1,176,669
Underwriting, general and administrative expenses	640,914	344,072	439,612	260,948	71,295	1,756,841
Interest expense	-	-	-	-	45,509	45,509
Total benefits, losses and expenses	2,287,489	1,122,368	1,479,888	857,939	122,224	5,869,908
Segment income (loss) before provision (benefit) for income tax	140,268	454,333	(2,041)	46,485	9,406	648,451
Provision (benefit) for income Taxes	50,419	155,280	(1,536)	15,885	9,770	229,818
Segment income (loss) after tax	$ 89,849	$ 299,053	$ (505)	$ 30,600	$(364)
Net income						$ 418,633
	As of September 30, 2009
Segment assets:
Segment assets, excluding goodwill	$11,204,037	$3,264,573	$1,059,085	$2,464,960	$6,663,834	$ 24,656,489
Goodwill						1,009,089
Total assets						$ 25,665,578

	Nine Months Ended September 30, 2008
	Solutions	Specialty Property	Health	Employee Benefits	Corporat & Other	Consolidated
Revenues
Net earned premiums and other considerations	$2,091,237	$ 1,528,569	$1,470,485	$ 830,778	$ -	$ 5,921,069
Net investment income	320,694	92,501	44,719	112,566	20,819	591,299
Net realized losses on investments	-	-	-	-	(376,922)	(376,922)
Amortization of deferred gain on disposal of businesses	-	-	-	-	22,085	22,085
Fees and other income	132,572	38,090	29,143	20,238	3,046	223,089
Total revenues	2,544,503	1,659,160	1,544,347	963,582	(330,972)	6,380,620
Benefits, losses and expenses
Policyholder benefits	888,043	618,711	943,859	578,994	1,108	3,030,715
Amortization of deferred acquisition costs and value of business acquired	961,729	249,822	13,857	27,656	-	1,253,064
Underwriting, general and administrative expenses	544,656	353,878	439,473	270,325	70,922	1,679,254
Interest expense	-	-	-	-	45,765	45,765
Total benefits, losses and expenses	2,394,428	1,222,411	1,397,189	876,975	117,795	6,008,798
Segment income (loss) before provision (benefit) for income tax	150,075	436,749	147,158	86,607	(448,767)	371,822
Provision (benefit) for income taxes	49,776	150,021	51,970	30,188	(175,488)	106,467
Segment income (loss) after tax	$ 100,299	$ 286,728	$ 95,188	$ 56,419	$ (273,279)
Net income						$ 265,355
	As of December 31, 2008
Segment assets:
Segment assets, excluding goodwill	$11,151,178	$3,335,130	$1,040,761	$2,559,065	$5,426,553	$ 23,512,687
Goodwill						1,001,899
Total assets						$ 24,514,586

AVALONBAY COMMUNITIES INC

8. Segment Reporting

The Company’s reportable operating segments include Established Communities, Other Stabilized Communities, and Development/Redevelopment Communities. Annually as of January 1st, the Company determines which of its communities fall into each of these categories and maintains that classification, unless disposition plans regarding a community change, throughout the year for the purpose of reporting segment operations.

Established Communities (also known as Same Store Communities) are communities where a comparison of operating results from the prior year to the current year is meaningful, as these communities were owned and had stabilized occupancy and operating expenses as of the beginning of the prior year. For the year 2009, the Established Communities are communities that are consolidated for financial reporting purposes, had stabilized occupancy and operating expenses as of January 1, 2008, are not conducting or planning to conduct substantial redevelopment activities and are not held for sale or planned for disposition within the current year. A community is considered to have stabilized occupancy at the earlier of (i) attainment of 95% physical occupancy or (ii) the one-year anniversary of completion of development or redevelopment.

·	Other Stabilized Communities includes all other completed communities that have stabilized occupancy, as defined above. Other Stabilized Communities does not include communities that are conducting or planning to conduct substantial redevelopment activities within the current year.

Development/Redevelopment Communities consists of communities that are under construction and have not received a final certificate of occupancy, communities where the Company owns a majority interest and where substantial redevelopment is in progress or is planned to begin during the current year and communities under lease-up that had not reached stabilized occupancy, as defined above, as of January 1, 2009.

In addition, the Company owns land for future development and has other corporate assets that are not allocated to an operating segment.

The Company’s segment disclosures present the measure(s) used by the chief operating decision maker for purposes of assessing such segments’ performance. The Company’s chief operating decision maker is comprised of several members of its executive management team who use net operating income (“NOI”) as the primary financial measure for Established Communities and Other Stabilized Communities. NOI is defined by the Company as total revenue less direct property operating expenses. Although the Company considers NOI a useful measure of a community’s or communities’ operating performance, NOI should not be considered an alternative to net income or net cash flow from operating activities, as determined in accordance with GAAP. NOI excludes a number of income and expense categories as detailed in the reconciliation of NOI to net income.

A reconciliation of NOI to net income for the three and nine months ended September 30, 2009 and 2008 is as follows:

	For the three months ended						For the nine months ended
		9-30-09			9-30-08			9-30-09			9-30-08


Net income	$	58,101		$	232,886		$	121,924		$	408,880
Indirect operating expenses, net of corporate income		6,987			7,821			22,922			25,171
Investments and investment management expense		976			1,229			2,799			3,643
Expensed development and other pursuit costs		1,721			715			5,096			3,044
Interest expense, net		41,208			28,363			107,836			85,620
General and administrative expense		5,750			9,318			18,388			26,821
Equity in income of unconsolidated entities		(190	)		(495	)		(4,139	)		(4,329	)
Depreciation expense		54,960			48,698			159,935			140,885
Impairment loss - land holdings		--			--			20,302			--
Gain on sale of real estate assets		(26,911	)		(183,711	)		(26,911	)		(257,850	)
Income from discontinued operations		(1,132	)		(3,176	)		(3,998	)		(16,163	)

Net operating income	$	141,470		$	141,648		$	424,154		$	415,722

The primary performance measure for communities under development or redevelopment depends on the stage of completion. While under development, management monitors actual construction costs against budgeted costs as well as lease-up pace and rent levels compared to budget.

The following table provides details of the Company’s segment information as of the dates specified. The segments are classified based on the individual community’s status as of the beginning of the given calendar year. Therefore, each year the composition of communities within each business segment is adjusted. Accordingly, the amounts between years are not directly comparable. Segment information for the three and nine months ended September 30, 2009 and 2008 have been adjusted for the communities that were sold from January 1, 2008 through September 30, 2009, or otherwise qualify as discontinued operations as of September 30, 2009, as described in Note 7, “Real Estate Disposition Activities.”

For the three months ended

For the nine months ended

Total

% NOI change

Gross

Total

% NOI change

Gross

revenue

NOI

from prior year

real estate (1)

revenue

NOI

from prior year

real estate (1)

For the period ended September 30, 2009