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Stockholders' Equity and Earnings Per Common Share Stockholders' Equity and Earnings Per Common Share (Tables)
3 Months Ended
Mar. 31, 2014
Stockholders' Equity Note [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Net income per common share is determined as follows:
 
Three Months Ended March 31
 
2014
 
2013
 
(in millions of dollars, except share data)
Numerator
 
 
 
Net Income
$
228.9

 
$
212.6

 
 
 
 
Denominator (000s)
 
 
 
Weighted Average Common Shares - Basic
259,408.5

 
269,361.1

Dilution for Assumed Exercises of Stock Options and Nonvested Stock Awards
1,301.4

 
993.3

Weighted Average Common Shares - Assuming Dilution
260,709.9

 
270,354.4

 
 
 
 
Net Income Per Common Share
 
 
 
Basic
$
0.88

 
$
0.79

Assuming Dilution
$
0.88

 
$
0.79



Authorized Common Stock Repurchase Programs
Our board of directors has authorized the repurchase of Unum Group's common stock under the following repurchase programs:
 
Share Repurchase Program Authorized During
 
December 2013
 
July 2012
 
(in millions of dollars)
Authorized Repurchase Amount
$
750.0

 
$
750.0

Remaining Repurchase Amount at March 31, 2014
$
629.9

 
$


The December 2013 share repurchase program has an expiration date of June 12, 2015.
Share Repurchase Table
Common stock repurchases, which are classified as treasury stock and accounted for using the cost method, were as follows:
 
Three Months Ended March 31
 
2014
 
2013
 
(in millions)
Shares Repurchased
2.9

 
3.7

Cost of Shares Repurchased
$
100.1

 
$
95.1