Unaudited Quarterly Results

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

Quarterly Results of Operations (Unaudited)

The following is a summary of our unaudited quarterly results of operations for 2014 and 2013:

	2014
	4th			3rd		2nd		1st
	(in millions of dollars, except share data)
Premium Income	$	1,967.9		$	1,947.2	$	1,943.6	$	1,938.5
Net Investment Income	629.4			606.4		629.1		612.5
Net Realized Investment Gain (Loss)	(17.3		)	1.2		25.9		6.3
Total Revenue	2,635.7			2,609.4		2,653.5		2,611.1
Income (Loss) Before Income Tax	(457.9		)	312.1		346.5		326.5
Net Income (Loss)	(279.1		)	221.1		242.5		228.9
Net Income (Loss) Per Common Share
Basic	(1.11		)	0.87		0.94		0.88
Assuming Dilution	(1.11		)	0.87		0.94		0.88

	2013
	4th		3rd			2nd		1st
	(in millions of dollars, except share data)
Premium Income	$	1,890.7	$	1,897.3		$	1,905.8	$	1,930.9
Net Investment Income	629.4		615.5			626.1		621.1
Net Realized Investment Gain (Loss)	9.3		(26.1		)	13.3		10.3
Total Revenue	2,586.2		2,540.9			2,601.9		2,624.8
Income Before Income Tax	305.8		284.1			311.5		303.8
Net Income	221.2		205.7			218.6		212.6
Net Income Per Common Share
Basic	0.85		0.78			0.82		0.79
Assuming Dilution	0.84		0.78			0.82		0.79

Items affecting the comparability of our financial results are as follows:

• Fourth quarter of 2014 reserve increase of $698.2 million before tax and $453.8 million after tax related to long-term care.

• Fourth quarter of 2014 settlement loss of $64.4 million before tax and $41.9 million after tax related to a pension plan amendment.

• Fourth quarter of 2013 reserve increase of $95.5 million before tax and $62.1 million after tax related to unclaimed death benefits.

• Fourth quarter of 2013 reserve reduction of $85.0 million before tax and $55.2 million after tax related to group life waiver of premium benefits.

See Notes 6, 9, and 14 for further discussion of the above items.