Unum 2006 Annual Report Download - page 82

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64
Unum US Supplemental and Voluntary Operating Results
Shown below are financial results and key performance indicators for Unum US supplemental and voluntary product
lines.
(in millions of dollars, except ratios)
2006 % Change 2005 % Change 2004
Operating Revenue
Premium Income
Individual Income Protection -
Recently Issued $ 438.5 3.2 % $ 425.1 2.3 % $ 415.6
Long-term Care 492.4 4.1 473.2 6.5 444.5
Voluntary Workplace Benefits 381.9 12.5 339.6 15.7 293.4
Total Premium Income 1,312.8 6.1 1,237.9 7.3 1,153.5
Net Investment Income 299.9 24.6 240.6 8.3 222.1
Other Income 26.2 (0.4) 26.3 26.4 20.8
Total 1,638.9 8.9 1,504.8 7.8 1,396.4
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 982.3 8.0 909.7 8.7 837.0
Commissions 239.3 4.6 228.7 (1.9) 233.1
Deferral of Policy Acquisition Costs (204.0) (0.3) (204.6) (7.8) (221.9)
Amortization of Deferred Policy Acquisition Costs 150.8 6.4 141.7 12.6 125.8
Amortization of Value of Business Acquired 0.3 - 0.3 50.0 0.2
Operating Expenses 251.4 (3.7) 261.1 7.8 242.1
Total 1,420.1 6.2 1,336.9 9.9 1,216.3
Operating Income Before Income Tax and Net
Realized Investment Gains and Losses $ 218.8 30.3 $ 167.9 (6.8) $ 180.1
Benefit Ratios (% of Premium Income)
Individual Income Protection -
Recently Issued (1) 58.0% 57.5% 57.7%
Long-term Care 99.2% 93.0% 88.8%
Voluntary Workplace Benefits 62.7% 66.3% 69.0%
Interest Adjusted Loss Ratios
Individual Income Protection -
Recently Issued 43.5% 44.4% 46.1%
Long-term Care 73.1% 70.9% 70.8%
Operating Expense Ratio
(% of Premium Income) (2) 19.1% 21.1% 21.0%
Before-tax Operating Income Ratio
(% of Premium Income) (3) 16.7% 13.6% 15.6%
Persistency - Individual Income Protection -
Recently Issued 90.5% 89.6% 90.7%
Persistency - Long-term Care 95.3% 95.8% 95.5%
Persistency - Voluntary Workplace Benefits 80.9% 81.1% 81.0%
Year Ended December 31