Unum 2007 Annual Report Download - page 90
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88 Unum 2007 Annual Report
Consolidated Statements of Income
Year Ended December 31
(in millions of dollars, except per share data) 2007 2006 2005
Revenue
Premium Income $ 7,901.1 $ 7,948.2 $ 7,815.6
Net Investment Income 2,409.9 2,320.6 2,188.3
Net Realized Investment Gain (Loss) (65.2) 2.2 (6.7)
Other Income 274.1 264.3 262.1
Total Revenue
10,519.9 10,535.3 10,259.3
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 6,988.2 7,577.2 7,083.2
Commissions 841.1 819.0 804.7
Interest and Debt Expense 183.1 191.8 208.0
Cost Related to Early Retirement of Debt 58.8 25.8 —
Deferral of Acquisition Costs (556.3) (528.2) (519.4)
Amortization of Deferred Acquisition Costs 480.4 478.6 463.7
Compensation Expense 722.4 680.5 659.0
Other Expenses 805.0 825.2 866.2
Total Benefits and Expenses
9,522.7 10,069.9 9,565.4
Income from Continuing Operations Before Income Tax 997.2 465.4 693.9
Income Tax (Benefit)
Current 264.2 150.5 116.2
Deferred 60.6 (88.7) 73.7
Total Income Tax 324.8 61.8 189.9
Income from Continuing Operations
672.4 403.6 504.0
Discontinued Operations — Note 2
Income Before Income Tax 17.8 13.2 15.7
Income Tax 10.9 5.8 6.1
Income from Discontinued Operations 6.9 7.4 9.6
Net Income $ 679.3 $ 411.0 $ 513.6
Earnings Per Common Share
Basic
Income from Continuing Operations $ 1.90 $ 1.25 $ 1.71
Net Income $ 1.92 $ 1.27 $ 1.74
Assuming Dilution
Income from Continuing Operations $ 1.89 $ 1.21 $ 1.61
Net Income $ 1.91 $ 1.23 $ 1.64
See notes to consolidated financial statements.