Unum 2008 Annual Report Download - page 152
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148
The following is a summary of our unaudited quarterly results of operations for 2008 and 2007:
(in millions of dollars, except share data) 4th 3rd 2nd 1st
Premium Income
Net Investment Income
Net Realized Investment Gain (Loss)
Total Revenue
Income Before Income Tax
Net Income
Net Income Per Common Share
Basic
Assuming Dilution
2007
(in millions of dollars, except share data) 4th 3rd 2nd 1st
Premium Income $1,983.9 $1,986.5 $1,986.7 $1,944.0
Net Investment Income 619.4 603.2 597.8 589.5
Net Realized Investment Gain (Loss) (25.8) (46.1) 10.4 (3.7)
Total Revenue 2,643.5 2,610.2 2,665.6 2,600.6
Income from Continuing Operations Before Income Tax 225.4 279.0 232.9 259.9
Income from Continuing Operations 160.5 187.0 153.5 171.4
Income from Discontinued Operations — — — 6.9
Net Income 160.5 187.0 153.5 178.3
Net Income Per Common Share
Basic
Income from Continuing Operations 0.45 0.52 0.44 0.50
Net Income 0.45 0.52 0.44 0.52
Assuming Dilution
Income from Continuing Operations 0.44 0.52 0.43 0.49
Net Income 0.44 0.52 0.43 0.51
Items affecting the comparability of our financial results by quarter are as follows:
• The fourth quarter of 2007 includes costs related to early retirement of debt of $55.6 million before tax and $36.1 million after tax.
• The second quarter of 2007 includes claim reassessment charges of $53.0 million before tax and $34.5 million after tax.
• The rst quarter of 2007 income from discontinued operations includes an after-tax gain of $6.2 million on the sale of GENEX.
See Notes 2, 6, and 8 for further discussion of the above items.