Unum 2015 Annual Report Download - page 123

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121
Unum 2015 Annual Report
Net Investment Income
Net investment income reported in our consolidated statements of income is as follows:
Year Ended December 31
(in millions of dollars) 2015 2014 2013
Fixed Maturity Securities $2,327.1 $2,344.4 $2,371.6
Derivatives 44.2 40.4 35.2
Mortgage Loans 114.0 109.8 109.2
Policy Loans 16.7 16.3 15.7
Other Long-term Investments 21.6 23.0 18.0
Short-term Investments 3.4 2.4 2.4
Gross Investment Income 2,527.0 2,536.3 2,552.1
Less Investment Expenses 31.2 29.0 29.5
Less Investment Income on Participation Fund Account Assets 14.6 15.1 15.7
Net Investment Income $2,481.2 $2,492.2 $2,506.9
Realized Investment Gain and Loss
Realized investment gains and losses are as follows:
Year Ended December 31
(in millions of dollars) 2015 2014 2013
Fixed Maturity Securities
Gross Gains on Sales $ 23.8 $ 9.3 $ 15.8
Gross Losses on Sales (25.6) (7.5) (45.7)
Other-Than-Temporary Impairment Loss (32.4) (13.5) (0.8)
Mortgage Loans and Other Invested Assets
Gross Gains on Sales 16.0 21.2 15.6
Gross Losses on Sales (0.1) (0.8) —
Impairment Loss (5.9) (3.4) (2.0)
Embedded Derivative in Modified Coinsurance Arrangement (37.7) 3.3 30.7
All Other Derivatives 35.7 11.0 (1.9)
Foreign Currency Transactions (17.6) (3.5) (4.9)
Net Realized Investment Gain (Loss) $(43.8) $ 16.1 $ 6.8