Unum 2010 Annual Report Download - page 45

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Unum 2010 Annual Report
43
Unum US Group Disability Operating Results
Shown below are financial results and key performance indicators for Unum US group disability.
Year Ended December 31
(in millions of dollars, except ratios) 2010 % Change 2009 % Change 2008
Operating Revenue
Premium Income
Group Long-term Disability $1,639.4 (5.1)% $1,726.9 (6.1)% $1,838.5
Group Short-term Disability 430.9 (0.4) 432.8 (0.5) 435.1
Total Premium Income 2,070.3 (4.1) 2,159.7 (5.0) 2,273.6
Net Investment Income 614.6 (2.4) 629.4 (0.3) 631.3
Other Income 86.7 (2.5) 88.9 (11.3) 100.2
Total 2,771.6 (3.7) 2,878.0 (4.2) 3,005.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 1,747.8 (6.2) 1,862.8 (8.9) 2,043.9
Commissions 159.7 (1.5) 162.2 (2.2) 165.9
Interest and Debt Expense 1.2 (40.0) 2.0 (52.4) 4.2
Deferral of Acquisition Costs (59.0) (5.6) (62.5) 5.2 (59.4)
Amortization of Deferred Acquisition Costs 63.5 (5.6) 67.3 (12.3) 76.7
Other Expenses 543.7 (5.0) 572.6 — 572.4
Total 2,456.9 (5.7) 2,604.4 (7.1) 2,803.7
Operating Income Before Income Tax and Net
Realized Investment Gains and Losses $ 314.7 15.0 $ 273.6 35.8 $ 201.4
Operating Ratios (% of Premium Income):
Benefit Ratio 84.4% 86.3% 89.9%
Other Expense Ratio 26.3% 26.5% 25.2%
Before-tax Operating Income Ratio 15.2% 12.7% 8.9%
Premium Persistency:
Group Long-term Disability 89.4% 86.9% 87.8%
Group Short-term Disability 88.6% 86.8% 82.1%
Case Persistency:
Group Long-term Disability 88.4% 87.4% 89.2%
Group Short-term Disability 87.3% 86.5% 88.2%