Unum 2014 Annual Report Download - page 110

Download and view the complete annual report

Please find page 110 of the 2014 Unum annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

108 UNUM • 2014 ANNUAL REPORT
Notes To Consolidated Financial Statements
The table below provides quantitative information regarding the significant unobservable inputs used in Level 3 fair value
measurements derived from internal models. Certain securities classified as Level 3 are excluded from the table below due to limitations
in our ability to obtain the underlying inputs used by external pricing sources.
December 31, 2014
(in millions of dollars) Fair Value Unobservable Input Range/Weighted Average
Fixed Maturity Securities
States, Municipalities, and $101.0 Comparability Adjustment (b) 0.25%–1.00%/0.71%
Political Subdivisions — Private
All Other Corporate 432.8 Comparability Adjustment (b) 0.50%–0.70%/0.60%
Bonds — Private Discount for Size (c) 0.50%–0.50%/0.50%
Lack of Marketability (d) 0.48%–0.48%/0.48%
Volatility of Credit (e) 0.20%–2.00%/0.64%
Market Convention (f) Priced at Par
All Other Corporate 128.7 Comparability Adjustment (b) 0.10%–0.50%/0.40%
Bonds — Public Lack of Marketability (d) 0.20%–0.35%/0.29%
Volatility of Credit (e) (0.30)%–0.50%/(0.05)%
Equity Securities — Private 1.1 Market Convention (f) Priced at Cost or Owner’s Equity
Embedded Derivative in Modified
Coinsurance Arrangement (49.9) Projected Liability Cash Flows (g) Actuarial Assumptions