(Bloomberg) -- Assurant Inc. is exploring the sale of its employee-benefits and health-insurance businesses as part of a strategy to narrow its focus and generate higher returns.

Divestitures would leave the insurer with units that sell coverage for housing and personal items, such as mobile phones and jewelry, according to a statement Tuesday from the New York- based company. Assurant said it plans exit the health-insurance market in 2016, even if it fails to sell the business.

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