Unum 2010 Annual Report Download - page 160

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158
Unum
2010
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” to encourage companies to provide prospective
information, as long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements
identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements.
Certain information contained in this Annual Report or in any other written or oral statements made by us in communications with
the financial community or contained in documents filed with the Securities and Exchange Commission (SEC), may be considered
forward-looking. Forward-looking statements are those not based on historical information, but rather relate to future operations,
strategies, financial results, or other developments and speak only as of the date made. We undertake no obligation to update these
statements, even if made available on our website or otherwise. These statements may be made directly in this document or may be
made part of this document by reference to other documents filed by us with the SEC, a practice which is known as “incorporation by
reference.” You can find many of these statements by looking for words such as “will,” “may,” “should,” “could,” “believes,” “expects,”
“anticipates,” “estimates,” “intends,” “projects,” “goals,” “objectives,” or similar expressions in this document or in documents
incorporated herein.
These forward-looking statements are subject to numerous assumptions, risks, and uncertainties, many of which are beyond our
control. We caution readers that the following factors, in addition to other factors mentioned from time to time, may cause actual results
to differ materially from those contemplated by the forward-looking statements:
• Unfavorable economic or business conditions, both domestic and foreign, including the continued nancial market disruption.
• Legislative, regulatory, or tax changes, both domestic and foreign, including the effect of potential legislation and increased
regulation in the current political environment.
• Sustained periods of low interest rates.
• Changes in claim incidence and recovery rates due to, among other factors, the rate of unemployment and consumer condence, the
emergence of new diseases, epidemics, or pandemics, new trends and developments in medical treatments, and the effectiveness
of claims management operations.
• Fluctuation in insurance reserve liabilities.
• Investment results, including but not limited to, realized investment losses resulting from impairments that differ from our
assumptions and historical experience.
• Changes in interest rates, credit spreads, and securities prices.
• Increased competition from other insurers and nancial services companies due to industry consolidation or other factors.
• Changes in accounting standards, practices, or policies.
• Changes in our nancial strength and credit ratings.
• Rating agency actions, state insurance department market conduct examinations and other inquiries, other governmental
investigations and actions, and negative media attention.
• Effectiveness in managing our operating risks and the implementation of operational improvements and strategic growth initiatives.
• Actual experience in pricing, underwriting, and reserving that deviates from our assumptions.
• Actual persistency and/or sales growth that is higher or lower than projected.
• Effectiveness of our risk management program.
• The level and results of litigation.
• Currency exchange rates.
• Ability of our subsidiaries to pay dividends as a result of regulatory restrictions.
• Ability and willingness of reinsurers to meet their obligations.
• Changes in assumptions related to intangible assets such as deferred acquisition costs, value of business acquired, and goodwill.
• Events or consequences relating to political instability, terrorism, or acts of war, both domestic and foreign.
• Ability to recover our systems and information in the event of a disaster or unanticipated event.
All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly
qualified in their entirety by the cautionary statements contained or referred to in this section.
Cautionary Statement Regarding
Forward-Looking Statements