Unum 2006 Annual Report Download - page 139

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
Unum Group and Subsidiaries
121
Note 4 - Investments - Continued
Investment Valuation Allowances
At December 31, 2006 and 2005 we had real estate investment allowances totaling $7.6 million. Deductions for
allowances released upon disposal or restructuring totaled $1.7 million in 2005. There were no other deductions
and no additions in 2006, 2005, and 2004.
At December 31, 2006, the balance in the valuation allowance for mortgage loans was $0.5 million. We had no
valuation allowance for mortgage loans at December 31, 2005. Additions to allowances for mortgage loans
totaled $0.5 million in 2006. There were no deductions and no other additions in 2006, 2005, and 2004.
There were no other investment valuation allowances at December 31, 2006 and 2005.
Net Investment Income
Sources for net investment income are as follows:
2006 2005 2004
Fixed Maturit
y
Securities $ 2,262.0 $ 2,151.3 $ 2,125.6
Mort
g
a
g
e Loans 54.6 43.0 38.0
Real Estate 1.0 0.4 3.1
Polic
y
Loans 12.6 17.4 11.4
Other Lon
g
-term Investments 8.4 8.5 1.9
Short-term Investments 21.0 10.8 8.9
Gross Investment Income 2,359.6 2,231.4 2,188.9
Less Investment Ex
p
enses 21.0 19.9 12.4
Less Investment Income on PFA Assets 18.0 23.2 17.8
Net Investment Income $ 2,320.6 $ 2,188.3 $ 2,158.7
Year Ended December 31
(in millions of dollars)
Realized Investment Gain and Loss
Realized investment gains (losses) are as follows:
2006 2005 2004
Gross Gains $ 68.3 $ 74.4 $ 64.3
Gross Losses (71.1) (95.7) (141.3)
10.3 22.8 17.7
(5.3) (7.9) 88.6
- (0.3) (0.1)
$ 2.2 $ (6.7) $ 29.2
Change in Fair Value of DIG Issue B36 Derivatives
Realized Investment Gain (Loss)
Other Derivatives
Year Ended December 31
(in millions of dollars)
Fixed Maturity Securities
Mortgage Loans, Real Estate, and Other Invested Assets