Unaudited Quarterly Results

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

The following is a summary of our unaudited quarterly results of operations for 2011 and 2010:



	2011
	4^th			3^rd			2^nd			1^st
	(in millions of dollars, except share data)
Premium Income	$	1,888.5		$	1,881.2		$	1,875.0		$	1,869.5
Net Investment Income	634.6			629.2			637.1			618.7
Net Realized Investment Gain (Loss)	7.4			(23.9		)	(3.6		)	15.2
Total Revenue	2,604.8			2,545.6			2,564.5			2,563.1
Income (Loss) Before Income Tax	(704.3		)	293.3			338.0			330.2
Net Income (Loss)	(425.4		)	205.6			229.8			225.4
Net Income (Loss) Per Common Share
Basic	(1.45		)	0.69			0.75			0.72
Assuming Dilution	(1.45		)	0.69			0.75			0.72



	2010
	4^th		3^rd		2^nd			1^st
	(in millions of dollars, except share data)
Premium Income	$	1,868.2	$	1,850.2	$	1,849.8		$	1,863.2
Net Investment Income	634.3		618.4		629.8			613.0
Net Realized Investment Gain (Loss)	27.5		1.1		(29.5		)	25.6
Total Revenue	2,593.1		2,527.9		2,510.6			2,561.6
Income Before Income Tax	335.5		326.5		308.1			361.2
Net Income	225.8		220.8		209.7			229.8
Net Income Per Common Share
Basic	0.71		0.68		0.63			0.69
Assuming Dilution	0.71		0.68		0.63			0.69

Items incurring during the fourth quarter of 2011 that affected the comparability of our financial results by quarter are as follows:


•	A deferred acquisition costs impairment charge of $289.8 million before tax and $188.4 million after tax related to our long-term care business.


•	A reserve charge of $573.6 million before tax and $372.8 million after tax related to our long-term care business.


•	A reserve charge of $183.5 million before tax and $119.3 million after tax related to our individual disability closed block business.


•	An income tax benefit of $41.3 million due to a final settlement with the IRS with respect to our appeal of audit adjustments for the tax years 1996 to 2004.


•	An income tax charge of $18.6 million related to the repatriation of £150.0 million of dividends from our U.K. subsidiaries.

See Notes 5 and 6 for further discussion of the above items.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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