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Condensed Finacial Information of Registrant | 12 Months Ended
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Dec. 31, 2014
Schedule II - Condensed Financial Info [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure | SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT Unum Group (Parent Company) 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. SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) Unum Group (Parent Company) 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. SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) Unum Group (Parent Company) 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. SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) Unum Group (Parent Company) NOTES TO CONDENSED FINANCIAL INFORMATION Note 1 - Basis of Presentation The accompanying condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto of Unum Group and subsidiaries. Note 2 - Debt 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 |
The prior year amount for securities lending has been reclassified from short-term debt to other liabilities in our condensed balance sheets to conform to the current year presentation and is therefore no longer included in the chart above. Cash flows resulting from the change in the securities lending liability in prior years have also been reclassified from financing to investing in our statements of cash flows to conform to the current year presentation. The senior notes due 2018 and the medium-term notes are non-callable. The junior subordinated debt securities are callable under limited, specified circumstances. The remaining debt is callable and may be redeemed, in whole or in part, at any time. The aggregate contractual principal maturities are $350.0 million in 2016, $200.0 million in 2018, and $1,682.6 million in 2020 and thereafter. Fair Value Hedges As of December 31, 2014 and 2013, we had $600.0 million notional amount interest rate swaps which effectively convert certain of our unsecured senior notes into floating rate debt. Under these agreements, we receive fixed rates of interest and pay variable rates of interest, based off of the three-month London Interbank Offered Rate (LIBOR). Junior Subordinated Debt Securities In 1998, Provident Financing Trust I (the trust), a 100 percent-owned finance subsidiary of Unum Group, issued $300.0 million of 7.405% capital securities in a public offering. These capital securities are fully and unconditionally guaranteed by Unum Group, have a liquidation value of $1,000 per capital security, and have a mandatory redemption feature under certain circumstances. Unum Group issued 7.405% junior subordinated deferrable interest debentures to the trust in connection with the capital securities offering. The debentures mature in 2038. The sole assets of the trust are the junior subordinated debt securities. SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued) Unum Group (Parent Company) NOTES TO CONDENSED FINANCIAL INFORMATION - CONTINUED Interest Paid Interest paid on long-term debt and related securities during 2014, 2013, and 2012 was $123.6 million, $116.5 million, and $109.0 million, respectively. Credit Facility In August 2013, we entered into a five-year, $400.0 million unsecured revolving credit facility. Under the terms of the agreement, we may request that the credit facility be increased up to $600.0 million. Borrowings under the credit facility are for general corporate uses and are subject to financial covenants, negative covenants, and events of default that are customary. The credit facility provides for borrowing at an interest rate based either on the prime rate or LIBOR. In addition, the credit facility provides for the issuance of letters of credit subject to certain terms and limitations. At December 31, 2014, letters of credit totaling $2.1 million had been issued from the credit facility. No letters of credit had been issued from the credit facility at December 31, 2013. At December 31, 2014 and 2013, there were no borrowed amounts outstanding from the credit facility. Note 3 - Guarantees In 2005, UnumProvident Finance Company plc, a wholly-owned subsidiary of Unum Group, issued $400.0 million of 6.85% senior debentures due 2015. As of December 31, 2014, $151.9 million of these debentures, which we fully and unconditionally guarantee, were outstanding.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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