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v2.4.1.9

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Segment Reporting [Abstract] |
Reconciliation of Operating Revenue and Operating Income by Segment to Total Revenue and Income Before Income Tax | A reconciliation of "operating revenue" to total revenue and "operating income" to income before income tax is as follows:
| Year Ended December 31
| 2014 |  | 2013 |  | 2012
| (in millions of dollars)
Operating Revenue | $ | 10,493.6 |  |  | $ | 10,347.0 |  |  | $ | 10,459.2 |
Net Realized Investment Gain | 16.1 |  |  | 6.8 |  |  | 56.2 |
Total Revenue | $ | 10,509.7 |  |  | $ | 10,353.8 |  |  | $ | 10,515.4 |
Operating Income | $ | 1,292.5 |  |  | $ | 1,241.8 |  |  | $ | 1,239.7 |
Net Realized Investment Gain | 16.1 |  |  | 6.8 |  |  | 56.2 |
Non-operating Retirement-related Loss | (70.0 | ) |  | (32.9 | ) |  | (46.4 | )
Costs Related to Early Retirement of Debt for Corporate | (13.2 | ) |  | — |  |  | — |
Long-term Care Reserve Increase for Closed Block | (698.2 | ) |  | — |  |  | — |
Unclaimed Death Benefits Reserve Increase for Unum US | — |  |  | (75.4 | ) |  | — |
Unclaimed Death Benefits Reserve Increase for Colonial Life | — |  |  | (20.1 | ) |  | — |
Group Life Waiver of Premium Benefit Reserve Reduction for Unum US | — |  |  | 85.0 |  |  | — |
Income Before Income Tax | $ | 527.2 |  |  | $ | 1,205.2 |  |  | $ | 1,249.5 |
Premium Income by Major Line of Business within Each Segment | Premium income by major line of business within each of our segments is presented as follows:
| Year Ended December 31
| 2014 |  | 2013 |  | 2012
| (in millions of dollars)
Unum US |  |  |  |  |
Group Disability |  |  |  |  |
Group Long-term Disability | $ | 1,553.5 |  |  | $ | 1,553.9 |  |  | $ | 1,578.8 |
Group Short-term Disability | 558.1 |  |  | 519.6 |  |  | 476.7 |
Group Life and Accidental Death & Dismemberment |  |  |  |  |
Group Life | 1,262.3 |  |  | 1,213.9 |  |  | 1,182.1 |
Accidental Death & Dismemberment | 125.9 |  |  | 121.6 |  |  | 115.3 |
Supplemental and Voluntary |  |  |  |  |
Individual Disability | 466.1 |  |  | 465.3 |  |  | 477.6 |
Voluntary Benefits | 693.8 |  |  | 642.8 |  |  | 626.0 |
| 4,659.7 |  |  | 4,517.1 |  |  | 4,456.5 |
Unum UK |  |  |  |  |
Group Long-term Disability | 418.9 |  |  | 389.9 |  |  | 409.7 |
Group Life | 133.2 |  |  | 106.4 |  |  | 221.3 |
Supplemental | 55.1 |  |  | 60.3 |  |  | 63.6 |
| 607.2 |  |  | 556.6 |  |  | 694.6 |
Colonial Life |  |  |  |  |
Accident, Sickness, and Disability | 759.8 |  |  | 738.7 |  |  | 724.5 |
Life | 231.8 |  |  | 221.1 |  |  | 209.7 |
Cancer and Critical Illness | 282.1 |  |  | 272.4 |  |  | 260.3 |
| 1,273.7 |  |  | 1,232.2 |  |  | 1,194.5 |
Closed Block |  |  |  |  |
Individual Disability | 624.8 |  |  | 687.5 |  |  | 736.4 |
Long-term Care | 630.9 |  |  | 630.6 |  |  | 631.9 |
All Other | 0.9 |  |  | 0.7 |  |  | 2.2 |
| 1,256.6 |  |  | 1,318.8 |  |  | 1,370.5 |
Total | $ | 7,797.2 |  |  | $ | 7,624.7 |  |  | $ | 7,716.1 |
Selected Operating Statement Data by Segment | Selected operating statement data by segment is presented as follows:
| Unum US |  | Unum UK |  | Colonial Life |  | Closed Block |  | Corporate |  | Total
| (in millions of dollars)
Year Ended December 31, 2014 |  |  |  |  |  |  |  |  |  |  |
Premium Income | $ | 4,659.7 |  |  | $ | 607.2 |  |  | $ | 1,273.7 |  |  | $ | 1,256.6 |  |  | $ | — |  |  | $ | 7,797.2 |
Net Investment Income | 890.3 |  |  | 151.0 |  |  | 146.7 |  |  | 1,284.1 |  |  | 5.3 |  |  | 2,477.4 |
Other Income | 122.1 |  |  | — |  |  | 0.1 |  |  | 91.8 |  |  | 5.0 |  |  | 219.0 |
Operating Revenue | $ | 5,672.1 |  |  | $ | 758.2 |  |  | $ | 1,420.5 |  |  | $ | 2,632.5 |  |  | $ | 10.3 |  |  | $ | 10,493.6 |
Operating Income (Loss) | $ | 856.3 |  |  | $ | 147.8 |  |  | $ | 300.2 |  |  | $ | 122.6 |  |  | $ | (134.4 | ) |  | $ | 1,292.5 |
Interest and Debt Expense Excluding Costs Related to Early Retirement of Debt | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 7.3 |  |  | $ | 147.0 |  |  | $ | 154.3 |
Depreciation and Amortization | $ | 314.2 |  |  | $ | 19.2 |  |  | $ | 194.1 |  |  | $ | 5.9 |  |  | $ | 1.0 |  |  | $ | 534.4 |
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |
Premium Income | $ | 4,517.1 |  |  | $ | 556.6 |  |  | $ | 1,232.2 |  |  | $ | 1,318.8 |  |  | $ | — |  |  | $ | 7,624.7 |
Net Investment Income | 929.6 |  |  | 148.5 |  |  | 145.4 |  |  | 1,272.3 |  |  | (3.7 | ) |  | 2,492.1 |
Other Income | 128.3 |  |  | 0.1 |  |  | 0.2 |  |  | 93.9 |  |  | 7.7 |  |  | 230.2 |
Operating Revenue | $ | 5,575.0 |  |  | $ | 705.2 |  |  | $ | 1,377.8 |  |  | $ | 2,685.0 |  |  | $ | 4.0 |  |  | $ | 10,347.0 |
Operating Income (Loss) | $ | 859.0 |  |  | $ | 132.0 |  |  | $ | 284.9 |  |  | $ | 109.4 |  |  | $ | (143.5 | ) |  | $ | 1,241.8 |
Interest and Debt Expense | $ | 0.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 8.4 |  |  | $ | 140.9 |  |  | $ | 149.4 |
Depreciation and Amortization | $ | 292.5 |  |  | $ | 22.5 |  |  | $ | 188.7 |  |  | $ | 5.2 |  |  | $ | 0.9 |  |  | $ | 509.8 |
Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |
Premium Income | $ | 4,456.5 |  |  | $ | 694.6 |  |  | $ | 1,194.5 |  |  | $ | 1,370.5 |  |  | $ | — |  |  | $ | 7,716.1 |
Net Investment Income | 952.3 |  |  | 170.8 |  |  | 138.6 |  |  | 1,230.5 |  |  | 23.0 |  |  | 2,515.2 |
Other Income | 124.6 |  |  | 0.1 |  |  | 0.3 |  |  | 100.1 |  |  | 2.8 |  |  | 227.9 |
Operating Revenue | $ | 5,533.4 |  |  | $ | 865.5 |  |  | $ | 1,333.4 |  |  | $ | 2,701.1 |  |  | $ | 25.8 |  |  | $ | 10,459.2 |
Operating Income (Loss) | $ | 847.1 |  |  | $ | 131.3 |  |  | $ | 274.3 |  |  | $ | 95.5 |  |  | $ | (108.5 | ) |  | $ | 1,239.7 |
Interest and Debt Expense | $ | 1.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 10.4 |  |  | $ | 133.9 |  |  | $ | 145.4 |
Depreciation and Amortization | $ | 255.6 |  |  | $ | 27.2 |  |  | $ | 181.0 |  |  | $ | 3.9 |  |  | $ | 0.8 |  |  | $ | 468.5 |
Deferred Policy Acquisition Costs by Segment | The following table provides the changes in deferred acquisition costs by segment:
|  |  |  |  | Colonial |  |
| Unum US |  | Unum UK |  | Life |  | Total
| (in millions of dollars)
Year Ended December 31, 2014 |  |  |  |  |  |  |
Beginning of Year | $ | 1,051.5 |  |  | $ | 34.3 |  |  | $ | 743.4 |  |  | $ | 1,829.2 |
Capitalization | 292.7 |  |  | 10.5 |  |  | 220.8 |  |  | 524.0 |
Amortization | (248.1 | ) |  | (12.5 | ) |  | (180.2 | ) |  | (440.8 | )
Adjustment Related to Unrealized Investment Gains | 0.4 |  |  | — |  |  | (9.6 | ) |  | (9.2 | )
Foreign Currency | — |  |  | (1.9 | ) |  | — |  |  | (1.9 | )
End of Year | $ | 1,096.5 |  |  | $ | 30.4 |  |  | $ | 774.4 |  |  | $ | 1,901.3 |
Year Ended December 31, 2013 |  |  |  |  |  |  |
Beginning of Year | $ | 1,024.3 |  |  | $ | 38.8 |  |  | $ | 692.4 |  |  | $ | 1,755.5 |
Capitalization | 252.0 |  |  | 9.8 |  |  | 205.0 |  |  | 466.8 |
Amortization | (230.0 | ) |  | (14.7 | ) |  | (174.2 | ) |  | (418.9 | )
Adjustment Related to Unrealized Investment Losses | 5.2 |  |  | — |  |  | 20.2 |  |  | 25.4 |
Foreign Currency | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
End of Year | $ | 1,051.5 |  |  | $ | 34.3 |  |  | $ | 743.4 |  |  | $ | 1,829.2 |
Year Ended December 31, 2012 |  |  |  |  |  |  |
Beginning of Year | $ | 971.8 |  |  | $ | 40.9 |  |  | $ | 664.4 |  |  | $ | 1,677.1 |
Capitalization | 249.2 |  |  | 11.8 |  |  | 206.3 |  |  | 467.3 |
Amortization | (196.5 | ) |  | (15.7 | ) |  | (166.5 | ) |  | (378.7 | )
Adjustment Related to Unrealized Investment Gains | (0.2 | ) |  | — |  |  | (11.8 | ) |  | (12.0 | )
Foreign Currency | — |  |  | 1.8 |  |  | — |  |  | 1.8 |
End of Year | $ | 1,024.3 |  |  | $ | 38.8 |  |  | $ | 692.4 |  |  | $ | 1,755.5 |
Assets by Segment | Assets by segment are as follows:
| December 31
| 2014 |  | 2013
| (in millions of dollars)
Unum US | $ | 18,676.5 |  |  | $ | 18,384.3 |
Unum UK | 3,702.5 |  |  | 3,654.1 |
Colonial Life | 3,692.2 |  |  | 3,482.9 |
Closed Block | 33,960.2 |  |  | 31,564.2 |
Corporate | 2,465.7 |  |  | 2,318.1 |
Total Assets | $ | 62,497.1 |  |  | $ | 59,403.6 |

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