Unum 2006 Annual Report Download - page 119
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CONSOLIDATED STATEMENTS OF OPERATIONS
Unum Group and Subsidiaries
See notes to consolidated financial statements.
101
2006 2005 2004
Premium Income $ 7,948.2 $ 7,815.6 $ 7,839.6
Net Investment Income 2,320.6 2,188.3 2,158.7
Net Realized Investment Gain (Loss) 2.2 (6.7) 29.2
Other Income 264.3 262.1 260.3
10,535.3 10,259.3 10,287.8
Benefits and Chan
g
e in Reserves for Future Benefits 7,577.2 7,083.2 7,248.4
Commissions 819.0 804.7 842.3
Interest and Debt Ex
p
ense 191.8 208.0 207.1
Cost Related to Earl
y
Retirement of Debt 25.8 - -
Deferral of Policy Acquisition Costs (528.2) (519.4) (557.3)
Amortization of Deferred Policy Acquisition Costs 478.6 463.7 436.7
Amortization of Value of Business Acquired 8.0 15.1 15.8
Impairment of Intangible Assets - - 856.4
Compensation Expense 680.5 659.0 641.2
Other Operating Expenses 817.2 851.1 872.9
10,069.9 9,565.4 10,563.5
Before Income Tax 465.4 693.9 (275.7)
Current 150.5 116.2 (22.7)
Deferred (88.7) 73.7 (51.6)
61.8 189.9 (74.3)
403.6 504.0 (201.4)
Income (Loss) Before Income Tax 13.2 15.7 (81.2)
Income Tax (Benefit) 5.8 6.1 (29.6)
7.4 9.6 (51.6)
$ 411.0 $ 513.6 $ (253.0)
Basic
Income (Loss) from Continuin
g
O
p
erations $ 1.25 $ 1.71 $ (0.68)
Net Income (Loss) $ 1.27 $ 1.74 $ (0.86)
Assuming Dilution
Income (Loss) from Continuing Operations $ 1.21 $ 1.61 $ (0.68)
Net Income (Loss) $ 1.23 $ 1.64 $ (0.86)
Year Ended December 31
(in millions of dollars, except share data)
Revenue
Total Revenue
Benefits and Expenses
Total Benefits and Expenses
Income (Loss) from Continuing Operations
Income (Loss) from Discontinued Operations
Net Income (Loss)
Earnings Per Common Share
Income Tax (Benefit)
Total Income Tax (Benefit)
Income (Loss) from Continuing Operations
Discontinued Operations - Note 2