XML 63 R44.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Premium Income by Major Line of Business within Each Segment
Segment information is as follows:
 
Year Ended December 31
 
2018
 
2017
 
2016
 
(in millions of dollars)
Premium Income
 
 
 
 
 
Unum US
 
 
 
 
 
Group Disability
 
 
 
 
 
Group Long-term Disability
$
1,766.2

 
$
1,749.6

 
$
1,726.6

Group Short-term Disability
706.3

 
639.8

 
626.1

Group Life and Accidental Death & Dismemberment
 
 
 
 
 
Group Life
1,583.7

 
1,467.5

 
1,410.0

Accidental Death & Dismemberment
156.3

 
147.5

 
140.3

Supplemental and Voluntary
 
 
 
 
 
Individual Disability
425.4

 
420.2

 
480.3

Voluntary Benefits
895.7

 
849.4

 
796.5

Dental and Vision
202.8

 
169.5

 
61.1

 
5,736.4

 
5,443.5

 
5,240.9

Unum International
 
 
 
 
 
Group Long-term Disability
358.9

 
340.3

 
355.2

Group Life
110.8

 
103.1

 
105.7

Supplemental
99.1

 
69.6

 
68.4

 
568.8

 
513.0

 
529.3

Colonial Life
 
 
 
 
 
Accident, Sickness, and Disability
929.3

 
884.2

 
830.0

Life
328.4

 
300.4

 
273.8

Cancer and Critical Illness
346.1

 
326.8

 
313.3

 
1,603.8

 
1,511.4

 
1,417.1

Closed Block
 
 
 
 
 
Individual Disability
420.8

 
471.8

 
521.9

Long-term Care
648.3

 
648.7

 
643.9

All Other
8.0

 
8.7

 
4.6

 
1,077.1

 
1,129.2

 
1,170.4

 
 
 
 
 
 
Total Premium Income
$
8,986.1

 
$
8,597.1

 
$
8,357.7
Selected Operating Statement Data by Segment
 
Unum US
 
Unum International
 
Colonial Life
 
Closed Block
 
Corporate
 
Total
 
(in millions of dollars)
Year Ended December 31, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
5,736.4

 
$
568.8

 
$
1,603.8

 
$
1,077.1

 
$
—

 
$
8,986.1

Net Investment Income
778.7

 
117.2

 
151.2

 
1,377.1

 
29.5

 
2,453.7

Other Income
118.5

 
0.4

 
1.2

 
75.4

 
2.7

 
198.2

Adjusted Operating Revenue
$
6,633.6

 
$
686.4

 
$
1,756.2

 
$
2,529.6

 
$
32.2

 
$
11,638.0

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
1,014.6

 
$
113.9

 
$
335.2

 
$
125.5

 
$
(171.1
)
 
$
1,418.1

Interest and Debt Expense
$
—

 
$
—

 
$
—

 
$
6.9

 
$
160.4

 
$
167.3

Depreciation and Amortization
$
389.6

 
$
17.6

 
$
257.3

 
$
8.3

 
$
1.0

 
$
673.8

 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
5,443.5

 
$
513.0

 
$
1,511.4

 
$
1,129.2

 
$
—

 
$
8,597.1

Net Investment Income
811.2

 
120.2

 
144.9

 
1,354.0

 
21.4

 
2,451.7

Other Income
113.2

 
0.7

 
1.1

 
79.8

 
2.9

 
197.7

Adjusted Operating Revenue
$
6,367.9

 
$
633.9

 
$
1,657.4

 
$
2,563.0

 
$
24.3

 
$
11,246.5

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
1,009.5

 
$
111.7

 
$
325.0

 
$
123.9

 
$
(146.8
)
 
$
1,423.3

Interest and Debt Expense
$
—

 
$
—

 
$
—

 
$
6.7

 
$
153.2

 
$
159.9

Depreciation and Amortization
$
371.3

 
$
17.3

 
$
239.9

 
$
6.7

 
$
0.9

 
$
636.1

 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
5,240.9

 
$
529.3

 
$
1,417.1

 
$
1,170.4

 
$
—

 
$
8,357.7

Net Investment Income
828.7

 
118.1

 
141.5

 
1,352.2

 
18.5

 
2,459.0

Other Income
113.3

 
0.2

 
1.2

 
86.0

 
4.9

 
205.6

Adjusted Operating Revenue
$
6,182.9

 
$
647.6

 
$
1,559.8

 
$
2,608.6

 
$
23.4

 
$
11,022.3

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
914.2

 
$
128.6

 
$
314.2

 
$
129.5

 
$
(163.0
)
 
$
1,323.5

Interest and Debt Expense
$
—

 
$
—

 
$
—

 
$
6.9

 
$
159.1

 
$
166.0

Depreciation and Amortization
$
353.0

 
$
16.4

 
$
222.9

 
$
6.9

 
$
1.0

 
$
600.2
Deferred Policy Acquisition Costs by Segment
 
 
 
Unum
 
Colonial
 
 
 
Unum US
 
International
 
Life
 
Total
 
(in millions of dollars)
Deferred Acquisition Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2018
 
 
 
 
 
 
 
Beginning of Year
$
1,205.4

 
$
21.3

 
$
957.9

 
$
2,184.6

Capitalization
344.0

 
8.1

 
315.9

 
668.0

Amortization
(315.1
)
 
(8.2
)
 
(242.2
)
 
(565.5
)
Adjustment Related to Unrealized Investment Gains and Losses
5.1

 
—

 
18.4

 
23.5

Foreign Currency
—

 
(1.2
)
 
—

 
(1.2
)
End of Year
$
1,239.4

 
$
20.0

 
$
1,050.0

 
$
2,309.4

 
 
 
 
 
 
 
 
Year Ended December 31, 2017
 
 
 
 
 
 
 
Beginning of Year
$
1,176.5

 
$
21.4

 
$
896.3

 
$
2,094.2

Capitalization
325.5

 
7.0

 
295.5

 
628.0

Amortization
(293.6
)
 
(9.1
)
 
(224.4
)
 
(527.1
)
Adjustment Related to Unrealized Investment Gains and Losses
(3.0
)
 
—

 
(9.5
)
 
(12.5
)
Foreign Currency
—

 
2.0

 
—

 
2.0

End of Year
$
1,205.4

 
$
21.3

 
$
957.9

 
$
2,184.6

 
 
 
 
 
 
 
 
Year Ended December 31, 2016
 
 
 
 
 
 
 
Beginning of Year
$
1,136.4

 
$
27.1

 
$
845.0

 
$
2,008.5

Capitalization
314.1

 
8.2

 
270.1

 
592.4

Amortization
(275.2
)
 
(9.7
)
 
(208.1
)
 
(493.0
)
Adjustment Related to Unrealized Investment Gains and Losses
1.2

 
—

 
(10.7
)
 
(9.5
)
Foreign Currency
—

 
(4.2
)
 
—

 
(4.2
)
End of Year
$
1,176.5

 
$
21.4

 
$
896.3

 
$
2,094.2
Assets by Segment
 
December 31
 
2018
 
2017
 
(in millions of dollars)
Assets
 
 
 
Unum US
$
17,510.9

 
$
18,109.1

Unum International
3,426.8

 
3,428.1

Colonial Life
4,237.9

 
4,184.1

Closed Block
34,527.6

 
35,051.2

Corporate
2,172.4

 
3,240.6

Total Assets
$
61,875.6

 
$
64,013.1
Reconciliation of Total Revenue and Income Before Income Tax to Adjusted Operating Revenue and Adjusted Operating Income
A reconciliation of total revenue to "adjusted operating revenue" and income before income tax to "adjusted operating income" is as follows:

Year Ended December 31

2018

2017

2016

(in millions of dollars)
Total Revenue
$
11,598.5


$
11,286.8


$
11,046.5

Excluding:








Net Realized Investment Gain (Loss)
(39.5
)
 
40.3


24.2

Adjusted Operating Revenue
$
11,638.0


$
11,246.5


$
11,022.3







Income Before Income Tax
$
627.8


$
1,404.0


$
1,347.7

Excluding:








Net Realized Investment Gain (Loss)
(39.5
)
 
40.3

 
24.2

Loss from Guaranty Fund Assessment
—

 
(20.6
)
 
—

Unclaimed Death Benefit Reserve Increase
—


(39.0
)

—

Long-term Care Reserve Increase
(750.8
)

—


—

Adjusted Operating Income
$
1,418.1


$
1,423.3


$
1,323.5