Unum 2014 Annual Report Download - page 120

Download and view the complete annual report

Please find page 120 of the 2014 Unum annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 172

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172

118 UNUM • 2014 ANNUAL REPORT
Notes To Consolidated Financial Statements
Shown below are our financial instruments that either meet the accounting requirements that allow them to be offset in our balance
sheets or that are subject to an enforceable master netting arrangement or similar agreement. Our accounting policy is to not offset these
financial instruments in our balance sheets. Net amounts disclosed below have been reduced by the amount of collateral pledged to or
received from our counterparties.
December 31, 2014
Gross Amount Gross Amount Not
of Recognized Gross Amount Net Amount Offset in Balance Sheet
Financial Offset in Presented in Financial Cash Net
(in millions of dollars) Instruments Balance Sheet Balance Sheet Instruments Collateral Amount
Financial Assets:
Derivatives $ 28.0 $— $ 28.0 $ (7.2) $(15.4) $ 5.4
Securities Lending 176.5 — 176.5 (118.1) (58.4) —
Total $204.5 $— $204.5 $(125.3) $(73.8) $ 5.4
Financial Liabilities:
Derivatives $ 92.9 $— $ 92.9 $ (67.0) $ — $25.9
Securities Lending 58.4 — 58.4 (58.4) — —
Total $151.3 $— $151.3 $(125.4) $ — $25.9
December 31, 2013
Gross Amount Gross Amount Not
of Recognized Gross Amount Net Amount Offset in Balance Sheet
Financial Offset in Presented in Financial Cash Net
(in millions of dollars) Instruments Balance Sheet Balance Sheet Instruments Collateral Amount
Financial Assets:
Derivatives $ 10.8 $— $ 10.8 $ (9.5) $ (1.1) $ 0.2
Securities Lending 201.6 — 201.6 (125.1) (76.5) —
Total $212.4 $— $212.4 $(134.6) $(77.6) $ 0.2
Financial Liabilities:
Derivatives $135.6 $— $135.6 $ (98.6) $ — $37.0
Securities Lending 76.5 — 76.5 (76.5) — —
Total $212.1 $— $212.1 $(175.1) $ — $37.0