Unum 2007 Annual Report Download - page 133
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Unum 2007 Annual Report 131
The following table provides the changes in deferred acquisition costs by segment:
(in millions of dollars) Unum US Unum UK Colonial Life Other Total
Year Ended December 31, 2007
Beginning of Year $ 2,205.2 $ 165.1 $ 612.8 $ — $ 2,983.1
Cumulative Effect of Accounting Principle Change — Note 1 (589.8) (88.3) — — (678.1)
Capitalized 304.2 41.2 210.9 — 556.3
Amortization (277.1) (49.4) (153.9) — (480.4)
Foreign Currency — 1.0 — — 1.0
End of Year $ 1,642.5 $ 69.6 $ 669.8 $ — $ 2,381.9
Year Ended December 31, 2006
Beginning of Year $ 2,201.2 $ 142.5 $ 569.6 $ — $ 2,913.3
Capitalized 306.2 34.4 187.6 — 528.2
Amortization (302.2) (32.0) (144.4) — (478.6)
Foreign Currency — 20.2 — — 20.2
End of Year $ 2,205.2 $ 165.1 $ 612.8 $ — $ 2,983.1
Year Ended December 31, 2005
Beginning of Year $ 2,196.2 $ 154.9 $ 530.9 $ 0.5 $ 2,882.5
Capitalized 311.9 34.1 173.4 — 519.4
Amortization (306.9) (21.6) (134.7) (0.5) (463.7)
Foreign Currency — (24.9) — — (24.9)
End of Year $ 2,201.2 $ 142.5 $ 569.6 $ — $ 2,913.3
A reconciliation of total operating revenue and operating income by segment to revenue and net income as reported in the
consolidated statements of income follows:
Year Ended December 31
(in millions of dollars) 2007 2006 2005
Operating Revenue by Segment $ 10,585.1 $ 10,533.1 $ 10,266.0
Net Realized Investment Gain (Loss) (65.2) 2.2 (6.7)
Revenue $ 10,519.9 $ 10,535.3 $ 10,259.3
Operating Income by Segment $ 1,062.4 $ 463.2 $ 700.6
Net Realized Investment Gain (Loss) (65.2) 2.2 (6.7)
Income Tax 324.8 61.8 189.9
Income from Discontinued Operations 6.9 7.4 9.6
Net Income $ 679.3 $ 411.0 $ 513.6