Unum 2009 Annual Report Download - page 51

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49
Unum 2009 Annual Report
Unum US Group Life and Accidental Death and Dismemberment Operating Results
Shown below are financial results and key performance indicators for Unum US group life and accidental death and dismemberment.
Year Ended December 31
(in millions of dollars, except ratios) 2009 % Change 2008 % Change 2007
Operating Revenue
Premium Income
Group Life $1,057.7 (0.5)% $1,062.8 (4.0)% $1,107.4
Accidental Death & Dismemberment 104.9 (17.8) 127.6 (2.6) 131.0
Total Premium Income 1,162.6 (2.3) 1,190.4 (3.9) 1,238.4
Net Investment Income 126.5 0.4 126.0 (6.6) 134.9
Other Income 1.9 (17.4) 2.3 (4.2) 2.4
Total 1,291.0 (2.1) 1,318.7 (4.1) 1,375.7
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 815.5 (1.5) 827.6 (8.2) 901.6
Commissions 85.4 — 85.4 (3.7) 88.7
Deferral of Acquisition Costs (48.1) 19.4 (40.3) 11.6 (36.1)
Amortization of Deferred Acquisition Costs 45.9 (16.5) 55.0 39.6 39.4
Other Expenses 197.6 9.7 180.1 9.2 164.9
Total 1,096.3 (1.0) 1,107.8 (4.4) 1,158.5
Operating Income Before Income Tax and Net
Realized Investment Gains and Losses $ 194.7 (7.7) $ 210.9 (2.9) $ 217.2
Operating Ratios (% of Premium Income):
Benefit Ratio 70.1% 69.5% 72.8%
Other Expense Ratio 17.0% 15.1% 13.3%
Before-tax Operating Income Ratio 16.7% 17.7% 17.5%
Premium Persistency:
Group Life 86.9% 83.8% 78.8%
Accidental Death & Dismemberment 88.1% 86.4% 80.8%
Case Persistency:
Group Life 87.2% 89.1% 87.7%
Accidental Death & Dismemberment 87.2% 89.2% 88.0%