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UNUM 2013 ANNUAL REPORT / 27
December 31, 2013
Gross Total
Policy Claim Reserves Reinsurance Total
(in millions of dollars) Reserves % Incurred IBNR % Total Ceded Net
Group Disability $ — —% $ 6,810.3 $ 569.1 30.1% $ 7,379.4 $ 66.6 $ 7,312.8
Group Life and Accidental
Death & Dismemberment 72.3 0.5 713.2 201.1 3.7 986.6 2.5 984.1
Individual Disability —
Recently Issued 558.3 3.5 1,155.7 124.4 5.2 1,838.4 104.3 1,734.1
Voluntary Benefits 1,298.4 8.1 48.9 73.2 0.5 1,420.5 29.2 1,391.3
Unum US Segment 1,929.0 12.1 8,728.1 967.8 39.5 11,624.9 202.6 11,422.3
Unum UK Segment 24.9 0.1 2,286.0 171.7 10.0 2,482.6 130.1 2,352.5
Colonial Life Segment 1,577.6 9.9 274.1 134.1 1.7 1,985.8 13.9 1,971.9
Individual Disability 859.3 5.4 10,346.8 281.9 43.3 11,488.0 1,545.0 9,943.0
Long-term Care 5,791.4 36.3 865.7 94.8 3.9 6,751.9 42.6 6,709.3
Other 5,783.8 36.2 234.4 150.2 1.6 6,168.4 4,915.2 1,253.2
Closed Block Segment 12,434.5 77.9 11,446.9 526.9 48.8 24,408.3 6,502.8 17,905.5
Subtotal $15,966.0 100.0% $22,735.1 $1,800.5 100.0% 40,501.6 6,849.4 33,652.2
Adjustment to Reserves
for Unrealized Gain on Securities 4,108.5 263.8 3,844.7
Consolidated $44,610.1 $7,113.2 $37,496.9
December 31, 2012
Gross Total
Policy Claim Reserves Reinsurance Total
Reserves % Incurred IBNR % Total Ceded Net
Group Disability $ — —% $ 7,000.8 $ 596.0 30.9% $ 7,596.8 $ 61.3 $ 7,535.5
Group Life and Accidental
Death & Dismemberment 73.8 0.5 790.1 168.1 3.9 1,032.0 1.0 1,031.0
Individual Disability —
Recently Issued 557.8 3.6 1,093.2 126.0 5.0 1,777.0 91.2 1,685.8
Voluntary Benefits 1,224.3 8.0 42.4 49.4 0.4 1,316.1 28.6 1,287.5
Unum US Segment 1,855.9 12.1 8,926.5 939.5 40.2 11,721.9 182.1 11,539.8
Unum UK Segment 25.6 0.2 2,251.7 142.2 9.7 2,419.5 108.3 2,311.2
Colonial Life Segment 1,490.3 9.7 251.4 99.4 1.4 1,841.1 9.4 1,831.7
Individual Disability 985.7 6.4 10,406.2 297.3 43.6 11,689.2 1,492.7 10,196.5
Long-term Care 5,272.5 34.4 747.0 81.3 3.4 6,100.8 47.0 6,053.8
Other 5,704.5 37.2 258.8 165.7 1.7 6,129.0 4,829.9 1,299.1
Closed Block Segment 11,962.7 78.0 11,412.0 544.3 48.7 23,919.0 6,369.6 17,549.4
Subtotal $15,334.5 100.0% $22,841.6 $1,725.4 100.0% 39,901.5 6,669.4 33,232.1
Adjustment to Reserves
for Unrealized Gain on Securities 6,277.5 351.5 5,926.0
Consolidated $46,179.0 $7,020.9 $39,158.1