Unum 2015 Annual Report Download - page 154

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Notes To Consolidated Financial Statements
152 Unum 2015 Annual Report
Expense
Compensation expense for the stock plans, as reported in our consolidated statements of income, is as follows:
Year Ended December 31
(in millions of dollars) 2015 2014 2013
Performance Share Units $ 4.5 $ 2.5 $ 1.1
Restricted Stock Units and Cash-Settled Awards 18.6 19.0 21.0
Stock Options 0.2 0.6 1.0
Other 0.5 0.5 0.5
Total Compensation Expense, Before Income Tax $23.8 $22.6 $23.6
Total Compensation Expense, Net of Income Tax $15.7 $14.9 $15.6
Cash received under all share-based payment arrangements for the years ended December 31, 2015, 2014, and 2013 was $6.4 million,
$12.3 million, and $11.4 million, respectively.
Note 12. Reinsurance
Thirteen major companies account for approximately 92 percent of our reinsurance recoverable at December 31, 2015, and all are
rated A or better by A.M. Best Company (AM Best) or are fully securitized by letters of credit or investment-grade fixed maturity securities
held in trust. Approximately seven percent of our reinsurance recoverable relates to business reinsured either with companies rated A- or
better by AM Best, with overseas entities with equivalent ratings or backed by letters of credit or trust agreements, or through reinsurance
arrangements wherein we retain the assets in our general account. The remaining one percent of our reinsurance recoverable is held by
companies either rated below A- by AM Best or not rated.
Reinsurance data is as follows:
Year Ended December 31
(in millions of dollars) 2015 2014 2013
Direct Premium Income $8,151.9 $7,899.3 $7,777.3
Reinsurance Assumed 202.8 189.8 203.2
Reinsurance Ceded (272.3) (291.9) (355.8)
Net Premium Income $8,082.4 $7,797.2 $7,624.7
Ceded Benefits and Change in Reserves for Future Benefits $ 662.7 $ 662.7 $ 728.7