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Unum 2011 Annual Report
Unum
2011
17
At or for the Year Ended December 31
2011 2010 2009 2008 2007
Per Share Data
Income from Continuing Operations
Basic $ 0.78 $ 2.72 $ 2.57 $ 1.62 $ 1.90
Assuming Dilution $ 0.78 $ 2.71 $ 2.57 $ 1.62 $ 1.89
Income from Discontinued Operations
Basic $ — $ — $ — $ — $ 0.02
Assuming Dilution $ — $ — $ — $ — $ 0.02
Net Income
Basic $ 0.78 $ 2.72 $ 2.57 $ 1.62 $ 1.92
Assuming Dilution $ 0.78 $ 2.71 $ 2.57 $ 1.62 $ 1.91
Stockholders’ Equity $29.30 $28.25 $25.62 $19.32 $22.28
Cash Dividends $0.395 $0.350 $0.315 $0.300 $0.300
Weighted Average Common Shares Outstanding
Basic (000s) 302,399.8 325,839.0 331,266.2 341,022.8 352,969.1
Assuming Dilution (000s) 303,571.0 327,221.1 332,136.2 341,560.3 355,776.5
(1) Included is a reserve charge of $573.6 million in 2011 related to our long-term care business; a reserve charge of $183.5 million in 2011 related to our individual disability
closed block business; and a regulatory claim reassessment charge of $65.8 million in 2007. See Note 5 of the “Notes to Consolidated Financial Statements” contained
herein for further discussion of the long-term care and individual disability closed block reserve charges.
(2) Included are costs related to early retirement of debt of $0.4 million and $58.8 million in 2008 and 2007, respectively.
(3) Includes the net increase in deferred acquisition costs, compensation expense, and other expenses. Included in these expenses are charges of $289.8 million in 2011
related to the impairment of long-term care deferred acquisition costs and regulatory claim reassessment credits of $12.8 million in 2007. See Note 5 of the “Notes to
Consolidated Financial Statements” contained herein for further discussion of the impairment of long-term care deferred acquisition costs.
(4) Included are a $41.3 million reduction of income tax in 2011 related to a tax settlement; an income tax charge of $18.6 million in 2011 related to repatriation of dividends
from our U.K. subsidiaries; and an income tax charge of $10.2 million in 2010 to reflect the impact of a tax law change.