Unum 2014 Annual Report Download - page 121

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UNUM • 2014 ANNUAL REPORT 119
Net Investment Income
Net investment income reported in our consolidated statements of income is as follows:
Year Ended December 31
(in millions of dollars) 2014 2013 2012
Fixed Maturity Securities $2,344.4 $2,371.6 $2,404.0
Derivatives 40.4 35.2 28.9
Mortgage Loans 109.8 109.2 107.1
Policy Loans 16.3 15.7 14.8
Other Long-term Investments 23.0 18.0 15.2
Short-term Investments 2.4 2.4 4.3
Gross Investment Income 2,536.3 2,552.1 2,574.3
Less Investment Expenses 29.0 29.5 26.9
Less Investment Income on Participation Fund Account Assets 15.1 15.7 16.1
Less Amortization of Tax Credit Partnerships 14.8 14.8 16.1
Net Investment Income $2,477.4 $2,492.1 $2,515.2
Realized Investment Gain and Loss
Realized investment gains and losses are as follows:
Year Ended December 31
(in millions of dollars) 2014 2013 2012
Fixed Maturity Securities
Gross Gains on Sales $ 9.3 $ 15.8 $ 29.3
Gross Losses on Sales (7.5) (45.7) (20.4)
Other-Than-Temporary Impairment Loss (13.5) (0.8) —
Mortgage Loans and Other Invested Assets
Gross Gains on Sales 21.2 15.6 5.0
Gross Losses on Sales (0.8) — (4.3)
Impairment Loss (3.4) (2.0) (1.9)
Embedded Derivative in Modified Coinsurance Arrangement 3.3 30.7 51.8
All Other Derivatives 11.0 (1.9) —
Foreign Currency Transactions (3.5) (4.9) (3.3)
Net Realized Investment Gain $ 16.1 $ 6.8 $ 56.2