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Unum 2011 Annual Report
Unum
2011
167
Reconciliation of Non-GAAP Financial Measures
Average Adjusted After-tax After-Tax
Allocated After-Tax Operating Special Item Operating Return
(in millions) Equity Income (Loss) Adjustments Income (Loss) on Equity
Year Ended December 31, 2011
Core Operations $ 6,020.2 $876.1 $ — $ 876.1 14.6%
Closed Block 2,195.1 91.0 (680.5) (589.5)
Corporate (347.6) (70.3) 22.7 (47.6)
Total $ 7,867.7 $896.8 $(657.8) $ 239.0 11.4%
Year Ended December 31, 2007*
Core Operations $ 5,608.6 $782.0 $ (43.1) $ 738.9 13.9%
Closed Block 2,739.3 88.3 8.6 96.9
Corporate (1,313.6) (84.1) (36.1) (120.2)
Total $ 7,034.3 $786.2 $ (70.6) $ 715.6 11.2%
December 31
(in millions) 2011 2010 2007* 2006
Total Stockholders’ Equity, As Reported $8,577.0 $8,944.4 $8,039.9 $7,718.8
Net Unrealized Gain on Securities 605.8 410.4 356.1 534.8
Net Gain on Cash Flow Hedges 408.7 361.0 182.5 194.2
Total Stockholders’ Equity, As Adjusted $7,562.5 $8,173.0 $7,501.3 $6,989.8
Average Equity, As Adjusted $7,867.7 $7,034.3
*Average adjusted for cumulative effect of accounting principle changes of $422.5 million effective January 1, 2007.
Year Ended December 31
(in millions) 2011 2007
After-tax Operating Income, As Adjusted $ 896.8 $786.2
Deferred Acquisition Costs and Reserve Charges for Closed Block, Net of Tax (680.5) —
Regulatory Reassessment Charges, Net of Tax — (34.5)
Special Tax Items and Debt Extinguishment Costs 22.7 (36.1)
After-tax Operating Income 239.0 715.6
Net Realized Investment Loss, Net of Tax (3.6) (43.2)
Income from Continuing Operations 235.4 672.4
Income from Discontinued Operations — 6.9
Net Income $ 235.4 $679.3
Appendix