Unum 2014 Annual Report Download - page 150

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148 UNUM • 2014 ANNUAL REPORT
Notes To Consolidated Financial Statements
Common Stock
Our board of directors has authorized the repurchase of Unum Group’s common stock under the following repurchase programs:
Share Repurchase Program Authorized During
(in millions of dollars) December 2013 July 2012 February 2011
Authorized Repurchase Amount $750.0 $750.0 $1,000.0
Remaining Repurchase Amount at Year End 2014 $429.5 $ — $ —
The December 2013 share repurchase program has an expiration date of June 12, 2015.
Common stock repurchases, which are classified as treasury stock until otherwise retired, were as follows:
Year Ended December 31
(in millions of dollars) 2014 2013 2012
Shares Repurchased 8.7 11.2 23.6
Cost of Shares Repurchased (1) $300.6 $318.6 $500.6
(1) Includes commissions of $0.1 million, $0.2 million, and $0.6 million for the years ended December 31, 2014, 2013, and 2012, respectively.
In December 2014, we retired 60.0 million shares of our treasury stock with an average total cost of $1,451.7 million.
Preferred Stock
Unum Group has 25.0 million shares of preferred stock authorized with a par value of $0.10 per share. No preferred stock has been
issued to date.