Unum 2015 Annual Report Download - page 62
Download and view the complete annual report
Please find page 62 of the 2015 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.-
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
 |
 |
Management’s Discussion and Analysis
of Financial Condition and Results of Operations
60 Unum 2015 Annual Report
Operating Results
Shown below are financial results and key performance indicators for the Closed Block segment.
Year Ended December 31
(in millions of dollars, except ratios) 2015 % Change 2014 % Change 2013
Operating Revenue
Premium Income
Individual Disability $ 572.4 (8.4)% $ 624.8 (9.1)% $ 687.5
Long-term Care 633.5 0.4 630.9 — 630.6
All Other 1.7 88.9 0.9 28.6 0.7
Total Premium Income 1,207.6 (3.9) 1,256.6 (4.7) 1,318.8
Net Investment Income 1,320.0 3.0 1,281.5 0.9 1,270.2
Other Income 89.3 (2.7) 91.8 (2.2) 93.9
Total 2,616.9 (0.5) 2,629.9 (2.0) 2,682.9
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 2,228.3 (24.0) 2,931.1 27.8 2,293.0
Commissions 98.8 (2.7) 101.5 (10.8) 113.8
Interest and Debt Expense 6.6 (9.6) 7.3 (13.1) 8.4
Other Expenses 164.1 (2.4) 168.2 4.9 160.4
Total 2,497.8 (22.1) 3,208.1 24.6 2,575.6
Income (Loss) Before Income Tax and Net Realized
Investment Gains and Losses 119.1 120.6 (578.2) (638.9) 107.3
Long-term Care Reserve Increase — — 698.2 — —
Operating Income $ 119.1 (0.8) $ 120.0 11.8 $ 107.3
Interest Adjusted Loss Ratios:
Individual Disability 82.8% 83.6% 82.6%
Long-term Care 87.6% 196.6% 89.6%
Long-term Care Excluding the Reserve Increase 85.9%
Operating Ratios (% of Premium Income):
Other Expense Ratio 13.6% 13.4% 12.2%
Income (Loss) Ratio 9.9% (46.0)% 8.1%
Operating Income Ratio 9.9% 9.5% 8.1%
Persistency:
Individual Disability 90.9% 91.3% 91.8%
Long-term Care 95.7% 95.4% 95.5%