Unum 2008 Annual Report Download - page 102

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

98



Year Ended December 31
(in millions of dollars)  2007 2006

Net Income   $ 679.3 $ 411.0
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Change in Receivables  235.5 65.2
Change in Deferred Acquisition Costs  (75.9) (49.6)
Change in Insurance Reserves and Liabilities  887.2 1,440.5
Change in Income Tax Liabilities  114.8 (67.4)
Change in Other Accrued Liabilities  (119.8) (120.8)
Non-cash Adjustments to Net Investment Income  (363.6) (370.0)
Net Realized Investment (Gain) Loss  65.2 (2.2)
Depreciation  66.2 72.5
Cash Received from Reinsurance Recapture 211.4 —
Other, Net  50.0 52.7
  1,750.3 1,431.9

Proceeds from Sales of Available-for-Sale Securities  2,179.3 1,990.5
Proceeds from Maturities of Available-for-Sale Securities  1,171.4 1,364.0
Pro ceeds from Sales and Maturities of Other Investments  312.9 323.3
Purchase of Available-for-Sale Securities  (4,205.2) (4,050.2)
Purchase of Other Investments  (488.8) (561.0)
Net Sales (Purchases) of Short-term Investments  (836.2) (225.4)
Acquisition of Business  — —
Disposition of Business 98.8 —
Other, Net  (87.2) (63.2)
  (1,855.0) (1,222.0)

Maturities and Benefit Payments from Policyholder Accounts  (5.7) (7.2)
Net Short-term Debt Repayments  — —
Issuance of Long-term Debt 800.0 130.0
Long-term Debt Repayments  (769.5) (732.0)
Cost Related to Early Retirement of Debt  (34.2) (17.9)
Issuance of Common Stock  307.8 580.0
Dividends Paid to Stockholders  (105.2) (95.6)
Purchases of Treasury Stock  — —
Other, Net  (12.0) (14.3)
  181.2 (157.0)
  1.3 1.3
  77.8 54.2
  121.3 67.1
    $ 199.1 $ 121.3
See notes to consolidated financial statements.