Unum 2006 Annual Report Download - page 4
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Financial highlights
OPERATING STATEMENT DATA
Income from Continuing Operations, As Adjusted **
Net Realized Investment Gain (Loss)
Regulatory Reassessment Charges
Special Tax Items and Debt Extinguishment Costs
Broker Compensation Settlements
Gain on Dispositions
Individual Income Protection - Closed Block Restructuring
Income (Loss) from Continuing Operations
Income (Loss) from Discontinued Operations
Net Income (Loss)
BALANCE SHEET
Assets
Total Stockholders’ Equity (Book Value)
Net Unrealized Gain on Securities
Net Gain on Cash Flow Hedges
Total Stockholders’ Equity, As Adjusted **
PER COMMON SHARE DATA
Dividends
Closing Price on Last Trading Day of Year
* Per Share Amounts for Operating Statement Data Assume Dilution
** We analyze our performance using non-GAAP fi nancial measures which exclude certain items and the related tax thereon from net income. We believe “Income
from Continuing Operations, As Adjusted,” which is a non-GAAP fi nancial measure and excludes realized investment gains and losses, which are recurring, and certain
other items as specifi ed, is a better performance measure and a better indicator of the profi tability and underlying trends in our business. Realized investment gains
and losses are dependent on market conditions and general economic events and are not necessarily related to decisions regarding our underlying business. The
exclusion of certain other items specifi ed above also enhances the understanding and comparability of our performance and the underlying fundamentals in our operations,
but this exclusion is not an indication that similar items may not recur. We also believe that book value per common share excluding unrealized gains and losses
on securities and the net gain on cash fl ow hedges, which also tend to fl uctuate dependent on market conditions and general economic trends, is an important measure.
2006 2005 2004
(in millions) per share* (in millions) per share* (in millions) per share*
$ 603.3
1.5
(267.4)
78.9
(12.7)
-
-
403.6
7.4
$ 411.0
$ 52,823.3
$ 1.80
0.01
(0.79)
0.23
(0.04)
-
-
1.21
0.02
$ 1.23
$ 513.1
(4.3)
(51.6)
42.8
-
4.0
-
504.0
9.6
$ 513.6
$ 51,866.8
$ 1.64
(0.02)
(0.16)
0.14
-
0.01
-
1.61
0.03
$ 1.64
$ 514.8
18.8
(87.8)
51.1
-
2.7
(701.0)
(201.4)
(51.6)
$ (253.0)
$ 50,832.3
$ 1.74
0.06
(0.29)
0.17
-
0.01
(2.37)
(0.68)
(0.18)
$ (0.86)
$ 7,718.8
534.8
194.2
$ 6,989.8
$ 22.53
1.56
0.57
$ 20.40
$ 0.30
$ 20.78
$ 7,363.9
1,040.7
273.3
$ 6,049.9
$ 24.66
3.49
0.91
$ 20.26
$ 0.30
$ 22.75
$ 7,224.1
1,309.8
236.9
$ 5,677.4
$ 24.36
4.41
0.80
$ 19.15
$ 0.30
$ 17.94