Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2013

BALANCE SHEETS



	December 31
	2013			2012
	(in millions of dollars)

Assets
Fixed Maturity Securities - at fair value (amortized cost: $143.9; $217.7)	$	145.3		$	224.6
Other Long-term Investments	57.2			73.0
Short-term Investments	164.0			433.5
Investment in Subsidiaries	10,082.8			10,079.1
Deferred Income Tax	68.1			234.1
Other Assets	558.8			489.1
Total Assets	$	11,076.2		$	11,533.4

Liabilities and Stockholders' Equity

Liabilities
Short-term Debt	$	0.3		$	6.6
Long-term Debt	1,875.2			1,896.2
Pension and Postretirement Benefits	295.3			801.6
Other Liabilities	246.3			216.4
Total Liabilities	2,417.1			2,920.8

Stockholders' Equity
Common Stock	36.1			36.0
Additional Paid-in Capital	2,634.1			2,607.7
Accumulated Other Comprehensive Income	255.0			628.0
Retained Earnings	8,083.2			7,371.6
Treasury Stock	(2,349.3		)	(2,030.7		)
Total Stockholders' Equity	8,659.1			8,612.6

Total Liabilities and Stockholders' Equity	$	11,076.2		$	11,533.4

See notes to condensed financial information.

STATEMENTS OF INCOME



	Year Ended December 31
	2013			2012			2011
	(in millions of dollars)

Cash Dividends from Subsidiaries	$	636.6		$	670.8		$	800.0
Other Income	56.9			55.0			65.0
Total Revenue	693.5			725.8			865.0

Interest and Debt Expense	120.9			114.2			112.1
Other Expenses	48.9			65.5			57.7
Total Expenses	169.8			179.7			169.8

Income Before Income Tax of Parent Company	523.7			546.1			695.2
Income Tax Benefit	(14.7		)	(25.7		)	(13.9		)

Income of Parent Company	538.4			571.8			709.1
Equity in Undistributed Earnings (Loss) of Subsidiaries	319.7			322.6			(424.9		)

Net Income	858.1			894.4			284.2

Other Comprehensive Income (Loss), Net of Tax	(373.0		)	166.2			110.4

Comprehensive Income	$	485.1		$	1,060.6		$	394.6

See notes to condensed financial information.

STATEMENTS OF CASH FLOWS



	Year Ended December 31
	2013			2012			2011
	(in millions of dollars)

Cash Provided by Operating Activities	$	612.5		$	677.3		$	827.8

Cash Flows from Investing Activities
Proceeds from Sales of Fixed Maturity Securities	—			—			133.9
Proceeds from Maturities of Fixed Maturity Securities	38.5			47.7			44.5
Proceeds from Sales and Maturities of Other Investments	9.4			1.0			—
Purchase of Fixed Maturity Securities	(139.8		)	(99.1		)	—
Purchase of Other Investments	—			(13.7		)	(3.0		)
Net Sales of Short-term Investments	269.5			40.4			192.8
Cash Distributions to Subsidiaries	(225.1		)	(175.2		)	(166.1		)
Acquisition of Property and Equipment	(78.8		)	(80.4		)	(81.1		)
Other, Net	(0.9		)	0.1			0.2
Cash Provided (Used) by Investing Activities	(127.2		)	(279.2		)	121.2

Cash Flows from Financing Activities
Net Short-term Debt Borrowings (Repayments)	(6.3		)	4.1			(222.6		)
Issuance of Long-term Debt	—			246.4			—
Issuance of Common Stock	11.4			4.9			14.8
Repurchase of Common Stock	(317.2		)	(496.7		)	(619.9		)
Dividends Paid to Stockholders	(146.5		)	(133.8		)	(121.0		)
Other, Net	(0.3		)	1.6			—
Cash Used by Financing Activities	(458.9		)	(373.5		)	(948.7		)

Increase in Cash	$	26.4		$	24.6		$	0.3

See notes to condensed financial information.

Long-term and short-term debt consists of the following:



	December 31
	2013			2012
	(in millions of dollars)
Long-term Debt
Notes @ 5.75% due 2042, callable at or above par	$	248.6		$	248.6
Notes @ 7.375% due 2032, callable at or above par	39.5			39.5
Notes @ 6.75% due 2028, callable at or above par	165.8			165.8
Notes @ 7.25% due 2028, callable at or above par	200.0			200.0
Notes @ 5.625% due 2020, callable at or above par	399.7			399.6
Notes @ 7.125% due 2016, callable at or above par	350.0			350.0
Notes @ 7.0% due 2018, non-callable	200.0			200.0
Medium-term Notes @ 7.0% to 7.2% due 2023 to 2028, non-callable	50.8			50.8
Junior Subordinated Debt Securities @ 7.405% due 2038	226.5			226.5
Fair Value Hedges Adjustment	(5.7		)	15.4
Total	1,875.2			1,896.2
Short-term Debt
Securities Lending Agreements	0.3			6.6
Total	$	1,875.5		$	1,902.8