Unum 2007 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2007 Unum annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

Unum 2007 Annual Report 51
Unum US Group Life and Accidental Death and Dismemberment Operating Results
Shown below are financial results and key performance indicators for Unum US group life and accidental death and dismemberment.
Year Ended December 31
(in millions of dollars, except ratios) 2007 % Change 2006 % Change 2005
Operating Revenue
Premium Income
Group Life $ 1,107.4 (11.3)% $ 1,248.1 (4.5)% $ 1,306.8
Accidental Death & Dismemberment 131.0 (13.6) 151.6 (3.1) 156.4
Total Premium Income 1,238.4 (11.5) 1,399.7 (4.3) 1,463.2
Net Investment Income 134.9 (4.5) 141.3 (7.0) 151.9
Other Income 2.4 N.M. — N.M. 2.0
Total 1,375.7 (10.7) 1,541.0 (4.7) 1,617.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 901.6 (15.5) 1,067.3 (4.0) 1,111.9
Commissions 88.7 (1.6) 90.1 (7.9) 97.8
Deferral of Acquisition Costs (36.1) (4.2) (37.7) (11.7) (42.7)
Amortization of Deferred Acquisition Costs 39.4 (39.4) 65.0 (11.0) 73.0
Other Expenses 164.9 (7.5) 178.3 (5.3) 188.3
Total 1,158.5 (15.0) 1,363.0 (4.6) 1,428.3
Operating Income Before Income Tax
and Net Realized Investment Gains and Losses $ 217.2 22.0 $ 178.0 (5.7) $ 188.8
Operating Ratios (% of Premium Income):
Benefit Ratio 72.8% 76.3% 76.0%
Other Expense Ratio 13.3% 12.7% 12.9%
Before-tax Operating Income Ratio 17.5% 12.7% 12.9%
Premium Persistency:
Group Life 78.8% 81.2% 78.3%
Accidental Death & Dismemberment 80.8% 82.8% 76.9%
Case Persistency:
Group Life 87.7% 86.9% 86.3%
Accidental Death & Dismemberment 88.0% 87.0% 86.4%
N.M. = not a meaningful percentage