Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2014

BALANCE SHEETS



	December 31
	2014			2013
	(in millions of dollars)

Assets
Fixed Maturity Securities - at fair value (amortized cost: $161.4; $143.9)	$	162.2		$	145.3
Other Long-term Investments	51.9			57.2
Short-term Investments	326.2			164.0
Investment in Subsidiaries	10,362.7			10,082.8
Deferred Income Tax	160.1			68.1
Other Assets	568.3			558.8
Total Assets	$	11,631.4		$	11,076.2

Liabilities and Stockholders' Equity

Liabilities
Long-term Debt	$	2,230.3		$	1,875.2
Pension and Postretirement Benefits	581.5			295.3
Other Liabilities	267.2			246.6
Total Liabilities	3,079.0			2,417.1

Stockholders' Equity
Common Stock	30.2			36.1
Additional Paid-in Capital	2,221.2			2,634.1
Accumulated Other Comprehensive Income	166.4			255.0
Retained Earnings	7,332.8			8,083.2
Treasury Stock	(1,198.2		)	(2,349.3		)
Total Stockholders' Equity	8,552.4			8,659.1

Total Liabilities and Stockholders' Equity	$	11,631.4		$	11,076.2

See notes to condensed financial information.

STATEMENTS OF INCOME



	Year Ended December 31
	2014			2013			2012
	(in millions of dollars)

Cash Dividends from Subsidiaries	$	645.2		$	636.6		$	670.8
Other Income	116.3			56.9			55.0
Total Revenue	761.5			693.5			725.8

Interest and Debt Expense	132.4			120.9			114.2
Other Expenses	66.0			48.9			65.5
Total Expenses	198.4			169.8			179.7

Income of Parent Company Before Income Tax	563.1			523.7			546.1
Income Tax Benefit	(24.5		)	(14.7		)	(25.7		)

Income of Parent Company	587.6			538.4			571.8
Equity in Undistributed Earnings (Loss) of Subsidiaries	(174.2		)	319.7			322.6

Net Income	413.4			858.1			894.4

Other Comprehensive Income (Loss), Net of Tax	(88.6		)	(373.0		)	166.2

Comprehensive Income	$	324.8		$	485.1		$	1,060.6

See notes to condensed financial information.

STATEMENTS OF CASH FLOWS



	Year Ended December 31
	2014			2013			2012
	(in millions of dollars)

Cash Provided by Operating Activities	$	683.0		$	612.5		$	677.3

Cash Flows from Investing Activities
Proceeds from Sales of Fixed Maturity Securities	25.0			—			—
Proceeds from Maturities of Fixed Maturity Securities	76.1			38.5			47.7
Proceeds from Sales and Maturities of Other Investments	31.9			9.4			1.0
Purchase of Fixed Maturity Securities	(118.9		)	(139.8		)	(99.1		)
Purchase of Other Investments	(19.0		)	(1.0		)	(13.7		)
Net Sales (Purchases) of Short-term Investments	(162.1		)	269.5			40.4
Cash Distributions to Subsidiaries	(316.1		)	(225.1		)	(175.2		)
Acquisition of Property and Equipment	(102.5		)	(78.8		)	(80.4		)
Other, Net	(0.2		)	(6.2		)	4.2
Cash Used by Investing Activities	(585.8		)	(133.5		)	(275.1		)

Cash Flows from Financing Activities
Issuance of Long-term Debt	347.2			—			246.4
Issuance of Common Stock	12.3			11.4			4.9
Repurchase of Common Stock	(306.0		)	(317.2		)	(496.7		)
Dividends Paid to Stockholders	(159.4		)	(146.5		)	(133.8		)
Other, Net	1.9			(0.3		)	1.6
Cash Used by Financing Activities	(104.0		)	(452.6		)	(377.6		)

Increase (Decrease) in Cash	$	(6.8	)	$	26.4		$	24.6

See notes to condensed financial information.

Debt consists of the following:



			December 31
			2014			2013
	Interest Rates	Maturities	(in millions of dollars)
Long-term Debt
Senior Notes issued 1998	7.000%	2018	$	200.0		$	200.0
Senior Notes issued 1998	6.750 - 7.250%	2028	365.8			365.8
Senior Notes issued 2002	7.375%	2032	39.5			39.5
Senior Notes issued 2009	7.125%	2016	350.0			350.0
Senior Notes issued 2010	5.625%	2020	399.7			399.7
Senior Notes issued 2012	5.750%	2042	248.7			248.6
Senior Notes issued 2014	4.000%	2024	349.5			—
Medium-term Notes issued 1990 - 1996	7.000 - 7.190%	2023 - 2028	50.8			50.8
Junior Subordinated Debt Securities issued 1998	7.405%	2038	226.5			226.5
Fair Value Hedges Adjustment			(0.2		)	(5.7		)
Total Long-term Debt			$	2,230.3		$	1,875.2