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112 / UNUM 2013 ANNUAL REPORT
Notes To Consolidated Financial Statements
Quantitative information regarding the significant unobservable inputs used in Level 3 fair value measurements, all of which are
internally derived, is as follows:
December 31, 2013
(in millions of dollars) Fair Value Unobservable Input Range/Weighted Average
Fixed Maturity Securities
States, Municipalities, and $142.7 Comparability Adjustment (b) 0.25%-1.25%/0.65%
Political Subdivisions — Private
Public Utilities 64.3 Volatility of Credit (e) 0.75%-1.25%/0.92%
Mortgage/Asset-Backed 0.5 Discount for Size (c) 4.93%-5.03%/5.01%
Securities — Private
All Other Corporate 307.0 Change in Benchmark Reference (a) 3.36%-3.36%/3.36%
Bonds — Private Comparability Adjustment (b) (0.70)%-(0.40)%/(0.60)%
Discount for Size (c) 0.50%-0.50%/0.50%
Lack of Marketability (d) 0.20%-1.00%/0.55%
Volatility of Credit (e) 0.07%-4.00%/0.84%
Market Convention (f) Priced at Par
All Other Corporate 514.4 Change in Benchmark Reference (a) (0.32)%-0.25%/0.04%
Bonds — Public Comparability Adjustment (b) (0.23)%-1.00%/0.41%
Lack of Marketability (d) 0.20%-0.20%/0.20%
Volatility of Credit (e) (0.88)%-0.46%/(0.26)%
Equity Securities — Private 4.2 Market Convention (f) Priced at Cost or Owner’s Equity
Embedded Derivative in Modified (53.2) Projected Liability Cash Flows (g) Actuarial Assumptions
Coinsurance Arrangement