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86 UNUM • 2014 ANNUAL REPORT
Consolidated Statements of Income
Year Ended December 31
(in millions of dollars, except share data) 2014 2013 2012
Revenue
Premium Income $ 7,797.2 $ 7,624.7 $ 7,716.1
Net Investment Income 2,477.4 2,492.1 2,515.2
Realized Investment Gain (Loss)
Other-Than-Temporary Impairment Loss on Fixed Maturity Securities (13.5) (0.8) —
Other Net Realized Investment Gain 29.6 7.6 56.2
Net Realized Investment Gain 16.1 6.8 56.2
Other Income 219.0 230.2 227.9
Total Revenue 10,509.7 10,353.8 10,515.4
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 7,310.8 6,595.7 6,722.2
Commissions 935.3 909.5 917.2
Interest and Debt Expense 167.5 149.4 145.4
Deferral of Acquisition Costs (524.0) (466.8) (467.3)
Amortization of Deferred Acquisition Costs 440.8 418.9 378.7
Compensation Expense 820.9 790.4 786.8
Other Expenses 831.2 751.5 782.9
Total Benefits and Expenses 9,982.5 9,148.6 9,265.9
Income Before Income Tax 527.2 1,205.2 1,249.5
Income Tax
Current 103.3 296.6 206.6
Deferred 10.5 50.5 148.5
Total Income Tax 113.8 347.1 355.1
Net Income $ 413.4 $ 858.1 $ 894.4
Net Income Per Common Share
Basic $ 1.62 $ 3.24 $ 3.18
Assuming Dilution $ 1.61 $ 3.23 $ 3.17
See notes to consolidated financial statements.