Unum 2008 Annual Report Download - page 143
Download and view the complete annual report
Please find page 143 of the 2008 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.-
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 -
149 -
150 -
151 -
152 -
153 -
154
-
155
-
156
-
157
-
158
 |
 |
139
In the following segment financial data, “operating revenue” excludes net realized investment gains and losses. “Operating income” or
“operating loss” excludes net realized investment gains and losses, income tax, and results of discontinued operations. These are considered
non-GAAP financial measures. These non-GAAP financial measures of “operating revenue” and “operating income” or “operating loss” differ
from revenue and income from continuing operations before income tax as presented in our consolidated statements of income prepared
in accordance with GAAP due to the exclusion of before tax realized investment gains and losses. We measure segment performance for
purposes of Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information,
excluding realized investment gains and losses because we believe that this performance measure is a better indicator of the ongoing
businesses and the underlying trends in the businesses. Our investment focus is on investment income to support our insurance liabilities
as opposed to the generation of realized investment gains and losses, and a long-term focus is necessary to maintain profitability over the
life of the business. Realized investment gains and losses depend on market conditions and do not necessarily relate to decisions regarding
the underlying business of our segments. However, income or loss excluding realized investment gains and losses does not replace net
income or net loss as a measure of overall profitability. We may experience realized investment losses, which will affect future earnings
levels since our underlying business is long-term in nature and we need to earn the assumed interest rates in our liabilities.
Premium income by major line of business within each of our segments is presented as follows:
Year Ended December 31
(in millions of dollars) 2007 2006
Unum US
Group Disability
Group Long-term Disability $1,895.7 $1,953.3
Group Short-term Disability 485.6 530.2
Group Life and Accidental Death & Dismemberment
Group Life 1,107.4 1,248.1
Accidental Death & Dismemberment 131.0 151.6
Supplemental and Voluntary
Individual Disability — Recently Issued 456.7 438.5
Long-term Care 532.9 492.4
Voluntary Benefits 404.7 381.9
5,014.0 5,196.0
Unum UK
Group Long-term Disability 752.6 638.9
Group Life 177.4 171.0
Individual Disability 38.3 32.9
968.3 842.8
Colonial Life
Accident, Sickness, and Disability 566.6 533.3
Life 143.5 130.5
Cancer and Critical Illness 197.1 178.3
907.2 842.1
Individual Disability — Closed Block 1,009.9 1,062.8
Corporate and Other 1.7 4.5
$7,901.1 $7,948.2