8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2015
UNUM GROUP
(Exact name of registrant as specified in its charter)
Delaware	001-11294	62-1598430
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1 Fountain Square

Chattanooga, Tennessee 37402

(Address of principal executive offices) (Zip Code)

(423) 294-1011

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On July 29, 2015, Unum Group issued a news release reporting its results for the second quarter of 2015, a copy of which is furnished herewith as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Also on July 29, 2015, Unum Group posted on its website at www.unum.com the Statistical Supplement relating to its financial results for the second quarter of 2015. A copy of the Statistical Supplement is furnished herewith as Exhibit 99.2 and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any of Unum Group's filings under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.	The following exhibits are furnished (but not filed) with this report:
99.1	News release of Unum Group dated July 29, 2015, concerning earnings for the second quarter of 2015.
99.2	Statistical Supplement of Unum Group for the second quarter of 2015.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Unum Group
	(Registrant)
July 29, 2015	By:	/s/ J. Paul Jullienne
		Name:	J. Paul Jullienne
		Title:	Vice President, Managing Counsel, and
			Corporate Secretary

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	News release of Unum Group dated July 29, 2015, concerning earnings for the second quarter of 2015.
99.2	Statistical Supplement of Unum Group for the second quarter of 2015.

EX-99.1

	Exhibit 99.1
	1 Fountain Square
	Chattanooga, TN 37402
	www.unum.com

	FOR IMMEDIATE RELEASE
news	Contacts
	INVESTORS	Tom White	423 294 8996
		Matt Barnett	423 294 7498
	MEDIA	Jim Sabourin	423 294 6300

Unum Group Reports Second Quarter 2015 Results

CHATTANOOGA, Tenn.(July 29, 2015) - Unum Group (NYSE: UNM) today reported net income of $224.3 million ($0.90 per diluted common share) for the second quarter of 2015, compared to net income of $239.4 million ($0.93 per diluted common share) for the second quarter of 2014.

After-tax operating income, which excludes after-tax realized investment gains and losses on the Company’s investment portfolio, including a second quarter of 2014 hedge gain associated with the retirement of debt, the amortization of prior period actuarial losses on the Company’s pension plans, and costs related to the second quarter of 2014 early retirement of debt, was $222.6 million ($0.89 per diluted common share) in the second quarter of 2015, compared to $231.7 million ($0.90 per diluted common share) in the second quarter of 2014. The combined impact of the amounts excluded resulted in a net after-tax gain of $1.7 million ($0.01 per diluted common share) for the second quarter of 2015, compared to a net after-tax gain of $7.7 million ($0.03 per diluted common share) in the second quarter of 2014.

“Our second quarter results remained solid.  The favorable growth trends we have been experiencing continued into the second quarter with premium growth in our core segments continuing to show positive momentum.  In addition, our overall benefits experience remained within our range of expectations, helping us generate solid results and capital generation for the quarter,” said Richard P. McKenney, president and chief executive officer.  “Our financial position remains very healthy, enabling us to invest in the growth of our business and return capital to our shareholders through share repurchase and dividends.”

Effective January 1, 2015, the Company adopted an accounting standards update for tax credit partnership investments in qualified affordable housing projects (ASU 2014-01) and applied the amendments retrospectively, adjusting all prior periods presented in this release, as applicable.

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES.

RESULTS BY SEGMENT

Unum US Segment

Unum US reported operating income of $202.8 million in the second quarter of 2015, a decline of 6.0 percent from $215.8 million in the second quarter of 2014. Premium income for the segment increased 6.8 percent to $1,236.4 million in the second quarter of 2015, compared to premium income of $1,157.7 million in the second quarter of 2014. Net investment income for the segment declined 1.1 percent to $215.7 million in the second quarter of 2015 from $218.2 million in the second quarter of 2014, primarily reflecting lower yields on invested assets.

Within the Unum US operating segment, the group disability line of business reported a 15.8 percent decline in operating income, with $61.2 million in the second quarter of 2015 compared to $72.7 million in the second quarter of 2014. Premium income in group disability increased 7.1 percent to $561.0 million in the second quarter of 2015, compared to $524.0 million in the second quarter of 2014, primarily due to favorable persistency in the group long-term disability product line, sales growth, and premium rate increases. Net investment income declined by 1.8 percent to $125.2 million in the second quarter of 2015, compared to $127.5 million in the second quarter of 2014, primarily due to a decrease in the level of invested assets supporting this line of business and a decline in yields. The benefit ratio for the second quarter of 2015 was 83.4 percent, compared to 81.9 percent in the second quarter of 2014, reflecting higher new claim incidence levels and a higher average claim size, driven in part by the 50 basis point decrease in the discount rate implemented in the fourth quarter of 2014 for group long-term disability new claim incurrals. Group long-term disability sales increased 10.9 percent to $51.9 million in the second quarter of 2015, compared to $46.8 million in the second quarter of 2014. Group short-term disability sales increased 39.1 percent to $32.4 million in the second quarter of 2015, compared to $23.3 million in the second quarter of 2014. Persistency in the group long-term disability line of business improved to 91.4 percent through the first half of 2015, compared to 89.0 percent through the first half of 2014. Persistency in the group short-term disability line of business was 86.4 percent through the first half of 2015, compared to 88.3 percent for the same period of 2014.

The group life and accidental death and dismemberment line of business reported operating income of $52.5 million in the second quarter of 2015, a decline of 13.4 percent from $60.6 million in the second quarter of 2014, reflecting unfavorable risk experience which offset an increase in premium income. Premium income for this line of business increased 7.3 percent to $369.3 million in the second quarter of 2015, compared to $344.3 million in the second quarter of 2014, primarily due to sales growth, partially offset by a decline in persistency. Net investment income increased by 1.8 percent to $33.8 million in the second quarter of 2015, compared to $33.2 million in the second quarter of 2014, primarily due to an increase in the level of invested assets supporting this line of business, partially offset by a decline in yields. The benefit ratio in the second quarter of 2015 was 73.1 percent, compared to 70.1 percent in the second quarter of 2014, reflecting unfavorable experience in the group life line of business due to a higher average claim size. Sales of group life and accidental death and dismemberment products declined 21.8 percent in the second quarter of 2015 to $48.7

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 2

million, compared to $62.3 million in the second quarter of 2014. Persistency in the group life line of business was 88.0 percent in the first half of 2015, compared to 89.4 percent for the same period of 2014.

The supplemental and voluntary line of business reported an increase of 8.0 percent in operating income to $89.1 million in the second quarter of 2015, compared to $82.5 million in the second quarter of 2014. Premium income for supplemental and voluntary increased 5.8 percent to $306.1 million in the second quarter of 2015, compared to $289.4 million in the second quarter of 2014. Net investment income declined slightly to $56.7 million in the second quarter of 2015, compared to $57.5 million in the second quarter of 2014, due to a decrease in yield on invested assets, partially offset by an increase in the level of invested assets. The interest adjusted loss ratio for the individual disability product line was 30.6 percent for the second quarter of 2015 and 2014, reflecting more favorable claim incidence rates which were offset by lower claim recoveries. The benefit ratio for voluntary benefits was 43.1 percent in the second quarter of 2015, compared to 48.2 percent in the second quarter of 2014, due primarily to favorable mortality experience in the life product line. Relative to the second quarter of 2014, sales in the individual disability line of business increased 11.1 percent in the second quarter of 2015 to $13.0 million. Sales in the voluntary benefits line of business declined 1.5 percent in the second quarter of 2015 to $39.3 million. Persistency in the individual disability product line was 90.4 percent in the first half of 2015, compared to 90.0 percent for the same period of 2014. Persistency in the voluntary benefits product line was 75.2 percent in the first half of 2015, compared to 78.1 percent through the first half of 2014.

Unum UK Segment

Unum UK reported operating income of $38.3 million in the second quarter of 2015, a decline of 3.3 percent from $39.6 million in the second quarter of 2014. In local currency, operating income increased by 5.9 percent to £25.0 million in the second quarter of 2015, compared to £23.6 million in the second quarter of 2014.

Premium income declined 7.7 percent to $142.2 million in the second quarter of 2015, compared to $154.0 million in the second quarter of 2014. In local currency, premium income was £92.8 million in the second quarter of 2015, compared to £91.5 million in the second quarter of 2014. Net investment income declined to $38.6 million in the second quarter of 2015 compared to $44.3 million in the second quarter of 2014. In local currency net investment income declined 4.2 percent to £25.2 million in the second quarter of 2015, compared to £26.3 million in the second quarter of 2014, primarily due to lower income from inflation index-linked bonds. The benefit ratio in the second quarter of 2015 was 70.7 percent, compared to 74.0 percent in the second quarter of 2014, resulting from lower claim incidence and average claim size in the group life line.

Persistency in the group long-term disability line of business was 87.5 percent in the first half of 2015, consistent with the first half of 2014. Persistency in the group life line of business improved to 79.9 percent in the first half of 2015, compared to 70.4 percent in the first half of 2014. Sales declined 2.8 percent to $20.5 million in the second quarter of 2015, compared to $21.1 million in the second quarter of 2014. In local currency, sales for the second quarter of 2015 increased 6.3 percent to £13.4 million, compared to £12.6 million in the second quarter of 2014.

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 3

Colonial Life Segment

Colonial Life reported a 3.6 percent increase in operating income to $77.6 million in the second quarter of 2015, compared to $74.9 million in the second quarter of 2014.

Premium income for the second quarter of 2015 increased 6.0 percent to $335.9 million, compared to $316.8 million in the second quarter of 2014, driven by sales growth and favorable persistency. Net investment income increased 3.1 percent to $36.9 million in the second quarter of 2015, compared to $35.8 million in the second quarter of 2014, due to an increase in the level of assets and higher miscellaneous income, partially offset by a decrease in yield on invested assets. The benefit ratio in the second quarter of 2015 was 50.4 percent, compared to 52.0 percent in the second quarter of 2014, primarily reflecting favorable mortality experience in the life product line.

Sales increased 5.7 percent to $95.8 million in the second quarter of 2015 from $90.6 million in the second quarter of 2014, with favorable sales trends in both the core commercial and public sector market segments.

Closed Block Segment

The Closed Block segment reported operating income of $36.6 million in the second quarter of 2015, consistent with the second quarter of 2014.

Premium income for this segment declined 3.8 percent in the second quarter of 2015 compared to the second quarter of 2014, primarily due to expected policy terminations and maturities for the individual disability line of business, partially offset by a slight increase in premium income for the long-term care line of business due primarily to rate increases on in-force business. Net investment income increased 1.8 percent to $331.7 million in the second quarter of 2015, compared to $325.8 million in the second quarter of 2014, due to an increase in the level of invested assets, partially offset by a decrease in yield on invested assets. The interest adjusted loss ratio for the individual disability line of business was 83.6 percent in the second quarter of 2015, compared to 89.4 percent in the second quarter of 2014, due primarily to favorable claim incidence and mortality experience. The interest adjusted loss ratio for the long-term care line of business was 83.4 percent in the second quarter of 2015 compared to 80.8 percent in the second quarter of 2014, reflecting higher claim incidence rates relative to the very favorable experience of the year ago quarter.

Corporate Segment

The Corporate segment reported an operating loss of $33.4 million for the second quarter of 2015 compared to an operating loss of $41.6 million in the second quarter of 2014, including costs related to the second quarter of 2014 early retirement of debt. The operating loss in the second quarter of 2014, excluding the retirement of debt costs, was $28.4 million. The higher operating loss in the second quarter of 2015 was due primarily to lower net investment income and higher operating expenses.

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 4

OTHER INFORMATION

Shares Outstanding

The Company’s average number of shares outstanding, assuming dilution, was 249.2 million for the second quarter of 2015, compared to 257.9 million for the second quarter of 2014. Shares outstanding totaled 246.6 million at June 30, 2015. During the second quarter of 2015, the Company repurchased 3.0 million shares at a cost of approximately $103 million.

Capital Management

At June 30, 2015, the weighted average risk-based capital ratio for the Company’s traditional U.S. insurance companies was approximately 400 percent, and cash and marketable securities in the holding companies equaled $481 million.

Book Value

Book value per common share as of June 30, 2015 was $34.53, compared to $36.19 at June 30, 2014.

Outlook

The Company anticipates growth in after-tax operating earnings per share for full-year 2015 to be towards the lower end of the outlook range announced in December 2014 of two percent to five percent.

NON-GAAP FINANCIAL MEASURES

We analyze our performance using non-GAAP financial measures.  A non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.  The non-GAAP financial measures of "operating revenue," "before-tax operating income" or "before-tax operating loss," and "after-tax operating income" differ from total revenue, income before income tax, and net income as presented in our consolidated operating results and income statements prepared in accordance with GAAP due to the exclusion of net realized investment gains and losses, non-operating retirement-related gains or losses, and certain other items as specified in the reconciliations in the Financial Highlights section below.  We believe operating revenue and operating income or loss are better performance measures and better indicators of the revenue and profitability and underlying trends in our business. 

Realized investment gains or losses depend on market conditions and do not necessarily relate to decisions regarding the underlying business of our segments.  Our investment focus is on investment income to support our insurance liabilities as opposed to the generation of realized investment gains or losses.  Although we may experience realized investment gains or losses which will affect future earnings levels, a long-term focus is necessary to maintain profitability over the life of the business since our underlying business is long-term in nature, and we need to earn the interest rates assumed in calculating our liabilities. 

The amortization of prior period actuarial gains or losses, a component of the net periodic benefit cost for our pensions and other postretirement benefit plans, is driven by market performance as well as plan amendments and is not indicative of the operational results of our businesses.  We believe that excluding the amortization of prior period gains or losses from operating income or loss provides investors with additional information for comparison and analysis of our operating results.  Although we manage our non-operating retirement-related gains or losses separately from the operational performance of our business,

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 5

these gains or losses impact the overall profitability of our company and have historically increased or decreased over time, depending on plan amendments and market conditions and the resulting impact on the actuarial gains or losses in our pensions and other postretirement benefit plans.

We believe that excluding the second quarter of 2014 costs related to the early retirement of debt is appropriate because in conjunction with the debt redemption, we recognized in realized investment gains and losses a deferred gain from previously terminated derivatives which were associated with the hedge of this debt. The amount recognized as a realized investment gain, which basically offsets the cost of the debt redemption, is also excluded from our non-GAAP financial measures since we analyze our performance excluding amounts reported as realized investment gains or losses. We believe it provides investors with a more realistic view of our overall profitability if we are consistent in excluding both the cost of the retirement as well as the gain on the hedge of the debt.

We may at other times exclude certain other items from our discussion of financial ratios and metrics in order to enhance the understanding and comparability of our operational performance and the underlying fundamentals, but this exclusion is not an indication that similar items may not recur and does not replace net income or net loss as a measure of our overall profitability.

CONFERENCE CALL INFORMATION

Members of Unum Group senior management will host a conference call on Thursday, July 30, at 9:00 A.M. (Eastern Time) to discuss the results of operations for the second quarter. Topics may include forward-looking information such as the Company’s outlook on future results, trends in operations, and other material information.

The dial-in number for the conference call is (888) 211-4495 for U.S. and Canada (pass code 2630506). For international, the dial-in number is (913) 312-1377 (pass code 2630506). A live webcast of the call will also be available at www.investors.unum.com in a listen-only mode. It is recommended that webcast viewers access the “Investors” section of the Company’s website and opt-in to the webcast approximately 5-10 minutes prior to the start of the call. The Company will maintain a replay of the call on its website through Thursday, August 6. A replay of the call will also be available by dialing (888) 203-1112 (U.S. and Canada) or (719) 457-0820 (International) - pass code 2630506.

In conjunction with today’s earnings announcement, the Company’s Statistical Supplement for the second quarter of 2015 is available on the “Investors” section of the Company’s website.

ABOUT UNUM GROUP

Unum (www.unum.com) is one of the leading providers of employee benefits products and services and the largest provider of disability insurance products in the United States and the United Kingdom.

SAFE HARBOR STATEMENT

Certain information in this press release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those not based on historical information, but rather relate to our outlook, future operations, strategies, financial results, or other developments and speak only as of the date made. These forward-looking statements, including statements about anticipated growth in after-tax operating income per share, are

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 6

subject to numerous assumptions, risks, and uncertainties, many of which are beyond our control. The following factors, in addition to other factors mentioned from time to time, may cause actual results to differ materially from those contemplated by the forward-looking statements: (1) sustained periods of low interest rates; (2) fluctuation in insurance reserve liabilities and claim payments due to changes in claim incidence, recovery rates, mortality and morbidity rates, and policy benefit offsets due to, among other factors, the rate of unemployment and consumer confidence, the emergence of new diseases, epidemics, or pandemics, new trends and developments in medical treatments, the effectiveness of our claims operational processes, and changes in government programs; (3) unfavorable economic or business conditions, both domestic and foreign; (4) legislative, regulatory, or tax changes, both domestic and foreign, including the effect of potential legislation and increased regulation in the current political environment; (5) investment results, including, but not limited to, changes in interest rates, defaults, changes in credit spreads, impairments, and the lack of appropriate investments in the market which can be acquired to match our liabilities; (6) the failure of cyber or other information security systems, as well as the occurrence of events unanticipated in our disaster recovery systems; (7) increased competition from other insurers and financial services companies due to industry consolidation, new entrants to our markets, or other factors; (8) changes in our financial strength and credit ratings; (9) damage to our reputation due to, among other factors, regulatory investigations, legal proceedings, external events, and/or inadequate or failed internal controls and procedures; (10) actual experience that deviates from our assumptions used in pricing, underwriting, and reserving; (11) actual persistency and/or sales growth that is higher or lower than projected; (12) changes in demand for our products due to, among other factors, changes in societal attitudes, the rate of unemployment, consumer confidence, and/or legislative and regulatory changes, including healthcare reform; (13) effectiveness of our risk management program; (14) contingencies and the level and results of litigation; (15) availability of reinsurance in the market and the ability of our reinsurers to meet their obligations to us; (16) ineffectiveness of our derivatives hedging programs due to changes in the economic environment, counterparty risk, ratings downgrades, capital market volatility, changes in interest rates, and/or regulation; (17) changes in accounting standards, practices, or policies; (18) fluctuation in foreign currency exchange rates; (19) ability to generate sufficient internal liquidity and/or obtain external financing; (20) recoverability and/or realization of the carrying value of our intangible assets, long-lived assets, and deferred tax assets; and (21) terrorism, both within the U.S. and abroad, ongoing military actions, and heightened security measures in response to these types of threats.

For further discussion of risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Part I, Item 1A of our annual report on Form 10-K for the year ended December 31, 2014. The forward-looking statements in this press release are being made as of the date of this press release, and the Company expressly disclaims any obligation to update or revise any forward-looking statement contained herein, even if made available on our website or otherwise.

###

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 7

Unum Group

FINANCIAL HIGHLIGHTS

(Unaudited)

($ in millions, except share data)
	Three Months Ended June 30						Six Months Ended June 30
	2015			2014			2015			2014
Operating Revenue	$	2,702.9		$	2,630.9		$	5,365.6		$	5,239.0
Net Realized Investment Gain (Loss)	0.8			25.9			(14.5		)	32.2
Total Revenue	$	2,703.7		$	2,656.8		$	5,351.1		$	5,271.2
Operating Income	$	321.9		$	338.5		$	643.2		$	663.4
Net Realized Investment Gain (Loss)	0.8			25.9			(14.5		)	32.2
Non-operating Retirement-related Loss	(2.9		)	(1.4		)	(5.9		)	(2.8		)
Costs Related to Early Retirement of Debt	—			(13.2		)	—			(13.2		)
Income Tax	(95.5		)	(110.4		)	(185.6		)	(214.4		)
Net Income	$	224.3		$	239.4		$	437.2		$	465.2
PER SHARE INFORMATION
Net Income Per Common Share
Basic	$	0.90		$	0.93		$	1.75		$	1.80
Assuming Dilution	$	0.90		$	0.93		$	1.74		$	1.79
Weighted Average Common Shares - Basic (000s)	248,318.6			256,790.2			249,885.0			258,092.7
Weighted Average Common Shares - Assuming Dilution (000s)	249,192.2			257,909.7			250,705.5			259,303.1
Outstanding Shares - (000s)							246,646.6			254,752.7

Reconciliation of Non-GAAP Financial Measures

	Three Months Ended June 30
	2015						2014
				per share *						per share *
After-tax Operating Income	$	222.6		$	0.89		$	231.7		$	0.90
Net Realized Investment Gain, Net of Tax	3.7			0.02			19.0			0.07
Non-operating Retirement-related Loss, Net of Tax	(2.0		)	(0.01		)	(0.9		)	—
Costs Related to Early Retirement of Debt, Net of Tax	—			—			(10.4		)	(0.04		)
Net Income	$	224.3		$	0.90		$	239.4		$	0.93
* Assuming Dilution

	June 30
	2015						2014
				per share						per share
Total Stockholders' Equity (Book Value)	$	8,515.7		$	34.53		$	9,218.3		$	36.19
Net Unrealized Gain on Securities	112.1			0.46			501.2			1.97
Net Gain on Cash Flow Hedges	391.7			1.59			369.5			1.44
Subtotal	8,011.9			32.48			8,347.6			32.78
Foreign Currency Translation Adjustment	(102.5		)	(0.42		)	(9.3		)	(0.03		)
Subtotal	8,114.4			32.90			8,356.9			32.81
Unrecognized Pension and Postretirement Benefit Costs	(397.9		)	(1.61		)	(229.5		)	(0.90		)
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Income	$	8,512.3		$	34.51		$	8,586.4		$	33.71

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 8

EX-99.2

Unum Group

Statistical Supplement Second Quarter 2015

TABLE OF CONTENTS

(Dollars in millions, except share data and where noted)

Interim Results are Unaudited

		Page
	Financial Highlights	1
	Capital Metrics	2
	Ratings	3
	Consolidated Statements of Income	4
	Sales Data by Segment	5
	Consolidated Balance Sheets	6
	Financial Results by Segment	7
	Quarterly Historical Financial Results by Segment	8
	Financial Results and Selected Statistics by Segment
	Unum US	9
	Unum UK	10
	Colonial Life	11
	Closed Block	12
	Corporate	13
	Reserves	14
	Investments	15
	Appendix to Statistical Supplement	16
See "Appendix to Statistical Supplement" on page 16 for a summary of significant items and a reconciliation of our non-GAAP financial measures.
N.M. = not a meaningful percentage

Unum Group Financial Highlights

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Consolidated U.S. GAAP Results¹
Premium Income	$	2,017.5		$	1,943.6		$	4,023.8		$	3,882.1		$	7,797.2		$	7,624.7
Operating Revenue	$	2,702.9		$	2,630.9		$	5,365.6		$	5,239.0		$	10,508.4		$	10,361.8
Net Realized Investment Gain (Loss)	0.8			25.9			(14.5		)	32.2			16.1			6.8
Revenue	$	2,703.7		$	2,656.8		$	5,351.1		$	5,271.2		$	10,524.5		$	10,368.6
Net Income	$	224.3		$	239.4		$	437.2		$	465.2		$	402.1		$	847.0
Net Income Per Share:
Basic	$	0.90		$	0.93		$	1.75		$	1.80		$	1.57		$	3.20
Assuming Dilution	$	0.90		$	0.93		$	1.74		$	1.79		$	1.57		$	3.19
Operating Return on Equity
Unum US	12.7		%	13.8		%	13.1		%	13.4		%	13.3		%	13.4		%
Unum UK	19.1		%	18.6		%	17.1		%	18.5		%	18.3		%	14.0		%
Colonial Life	16.6		%	17.1		%	16.9		%	17.5		%	16.7		%	16.4		%
Core Operating Segments	14.2		%	15.0		%	14.3		%	14.8		%	14.5		%	14.1		%
Consolidated	11.2		%	11.2		%	11.3		%	11.0		%	11.3		%	11.3		%
Assets							$	61,706.8		$	62,179.1		$	62,450.2		$	59,374.1
Stockholders' Equity							$	8,515.7		$	9,218.3		$	8,521.9		$	8,639.9

Traditional U.S. Life Insurance Companies' Statutory Results²
Net Gain from Operations, After Tax	$	160.3	$	170.9		$	316.4		$	301.0	$	618.1	$	617.5
Net Realized Investment Gain (Loss), After Tax	—		(0.3		)	(0.8		)	2.5		5.0		(33.0		)
Net Income	$	160.3	$	170.6		$	315.6		$	303.5	$	623.1	$	584.5
Capital and Surplus						$	3,457.4		$	3,473.8	$	3,462.8	$	3,450.5
Weighted Average Risk-based Capital Ratio						~ 400%			~ 400%		~ 400%		~ 400%

¹ Generally Accepted Accounting Principles

² Our traditional U.S. life insurance companies are Provident Life and Accident Insurance Company, Unum Life Insurance Company of America, The Paul Revere Life Insurance Company, Colonial Life & Accident Insurance Company, Provident Life and Casualty Insurance Company, First Unum Life Insurance Company, and Unum Insurance Company.

1

Unum Group Capital Metrics

	6/30/2015						6/30/2014						12/31/2014						12/31/2013
	(in millions)			per share			(in millions)			per share			(in millions)			per share			(in millions)			per share
							As Adjusted
Book Value
Total Stockholders' Equity, As Reported	$	8,515.7		$	34.53		$	9,218.3		$	36.19		$	8,521.9		$	33.78		$	8,639.9		$	33.23
Net Unrealized Gain on Securities	112.1			0.46			501.2			1.97			290.3			1.15			135.7			0.52
Net Gain on Cash Flow Hedges	391.7			1.59			369.5			1.44			391.0			1.55			396.3			1.52
Subtotal	8,011.9			32.48			8,347.6			32.78			7,840.6			31.08			8,107.9			31.19
Foreign Currency Translation Adjustment	(102.5		)	(0.42		)	(9.3		)	(0.03		)	(113.4		)	(0.45		)	(47.1		)	(0.18		)
Subtotal	8,114.4			32.90			8,356.9			32.81			7,954.0			31.53			8,155.0			31.37
Unrecognized Pension and Postretirement Benefit Costs	(397.9		)	(1.61		)	(229.5		)	(0.90		)	(401.5		)	(1.59		)	(229.9		)	(0.88		)
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Income	$	8,512.3		$	34.51		$	8,586.4		$	33.71		$	8,355.5		$	33.12		$	8,384.9		$	32.25
Dividends Paid	$	83.5		$	0.33		$	75.7		$	0.29		$	159.4		$	0.62		$	146.5		$	0.55

	Three Months Ended				Six Months Ended						Year Ended
	6/30/2015		6/30/2014		6/30/2015			6/30/2014			12/31/2014			12/31/2013
Shares Repurchased (millions)	3.0		2.9		6.2			5.8			8.7			11.2
Cost of Shares Repurchased (millions)(1)	$	103.1	$	100.0	$	211.2		$	200.1		$	300.6		$	318.6
Price (UNM closing price on last trading day of period)					$	35.75		$	34.76		$	34.88		$	35.08
Leverage Ratio					25.0		%	24.1		%	25.4		%	23.0		%
Holding Company Cash and Marketable Securities					$	481		$	616		$	575		$	514

⁽¹⁾ Includes commissions of a de minimis amount and $0.1 million for the three and six month periods ended June 30, 2015, respectively, and $0.1 million for the three and six month periods ended June 30, 2014. For the years ended December 31, 2014 and 2013, respectively, $0.1 million and $0.2 million of commissions are included.

2

Unum Group Ratings

	AM Best	Fitch	Moody's	S&P
Outlook	Stable	Stable	Stable	Stable
Issuer Credit Ratings	bbb	BBB	Baa2	BBB
Financial Strength Ratings
Provident Life and Accident	A	A	A2	A
Unum Life of America	A	A	A2	A
Colonial Life & Accident	A	A	A2	A
Paul Revere Life	A	A	A2	A
Unum Limited	NR	NR	NR	A-

NR = not rated

3

Unum Group Consolidated Statements of Income

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Revenue
Premium Income	$	2,017.5		$	1,943.6		$	4,023.8		$	3,882.1		$	7,797.2		$	7,624.7
Net Investment Income	630.7			632.4			1,232.7			1,248.2			2,492.2			2,506.9
Net Realized Investment Gain (Loss)	0.8			25.9			(14.5		)	32.2			16.1			6.8
Other Income	54.7			54.9			109.1			108.7			219.0			230.2
Total Revenue	2,703.7			2,656.8			5,351.1			5,271.2			10,524.5			10,368.6
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	1,702.8			1,653.4			3,356.7			3,284.7			7,310.8			6,595.7
Commissions	244.6			229.2			501.5			465.2			935.3			909.5
Interest and Debt Expense - Non-recourse Debt	1.7			1.8			3.4			3.7			7.3			8.5
Interest and Debt Expense - All Other Debt	36.3			50.9			72.4			86.9			160.2			140.9
Deferral of Acquisition Costs	(140.7		)	(124.8		)	(285.7		)	(253.8		)	(524.0		)	(466.8		)
Amortization of Deferred Acquisition Costs	124.1			106.4			258.4			225.0			440.8			418.9
Other Expenses	415.1			390.1			821.6			779.9			1,652.1			1,541.9
Total Benefits and Expenses	2,383.9			2,307.0			4,728.3			4,591.6			9,982.5			9,148.6
Income Before Income Tax	319.8			349.8			622.8			679.6			542.0			1,220.0
Income Tax Expense	95.5			110.4			185.6			214.4			139.9			373.0
Net Income	$	224.3		$	239.4		$	437.2		$	465.2		$	402.1		$	847.0
Average Weighted Shares Outstanding
Basic	248.3			256.8			249.9			258.1			255.5			264.7
Assuming Dilution	249.2			257.9			250.7			259.3			256.7			265.9
Actual Number of Shares Outstanding							246.6			254.8			252.3			260.0

4

Unum Group Sales Data for Unum US Segment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015		6/30/2014		% Change		6/30/2015		6/30/2014		% Change		12/31/2014		12/31/2013
Sales by Product
Group Disability and Group Life and AD&D
Group Long-term Disability	$	51.9	$	46.8	10.9	%	$	89.2	$	79.5	12.2	%	$	223.6	$	173.3
Group Short-term Disability	32.4		23.3		39.1		56.4		43.1		30.9		118.8		101.9
Group Life and AD&D	48.7		62.3		(21.8	)	91.6		103.6		(11.6	)	264.8		199.4
Subtotal	133.0		132.4		0.5		237.2		226.2		4.9		607.2		474.6
Supplemental and Voluntary
Individual Disability	13.0		11.7		11.1		25.3		26.3		(3.8	)	56.8		52.2
Voluntary Benefits	39.3		39.9		(1.5	)	171.2		143.2		19.6		238.1		218.8
Subtotal	52.3		51.6		1.4		196.5		169.5		15.9		294.9		271.0
Total Sales	$	185.3	$	184.0	0.7		$	433.7	$	395.7	9.6		$	902.1	$	745.6
Sales by Market Sector
Group Disability and Group Life and AD&D
Core Market (< 2,000 lives)	$	94.8	$	91.4	3.7	%	$	167.3	$	151.4	10.5	%	$	401.7	$	324.4
Large Case Market	38.2		41.0		(6.8	)	69.9		74.8		(6.6	)	205.5		150.2
Subtotal	133.0		132.4		0.5		237.2		226.2		4.9		607.2		474.6
Supplemental and Voluntary	52.3		51.6		1.4		196.5		169.5		15.9		294.9		271.0
Total Sales	$	185.3	$	184.0	0.7		$	433.7	$	395.7	9.6		$	902.1	$	745.6

5

Unum Group Sales Data for Unum UK Segment

	Three Months Ended						Six Months Ended						Year Ended
(in millions of dollars)	6/30/2015		6/30/2014		% Change		6/30/2015		6/30/2014		% Change		12/31/2014		12/31/2013
Sales by Product
Group Long-term Disability	$	14.4	$	14.8	(2.7	)%	$	25.0	$	27.1	(7.7	)%	$	57.4	$	50.5
Group Life	4.7		5.4		(13.0	)	10.2		9.4		8.5		23.8		21.4
Supplemental	1.4		0.9		55.6		2.0		1.9		5.3		3.9		3.9
Total Sales	$	20.5	$	21.1	(2.8	)	$	37.2	$	38.4	(3.1	)	$	85.1	$	75.8
Sales by Market Sector
Group Long-term Disability and Group Life
Core Market (< 500 lives)	$	10.1	$	12.6	(19.8	)%	$	17.0	$	20.2	(15.8	)%	$	42.5	$	38.9
Large Case Market	9.0		7.6		18.4		18.2		16.3		11.7		38.7		33.0
Subtotal	19.1		20.2		(5.4	)	35.2		36.5		(3.6	)	81.2		71.9
Supplemental	1.4		0.9		55.6		2.0		1.9		5.3		3.9		3.9
Total Sales	$	20.5	$	21.1	(2.8	)	$	37.2	$	38.4	(3.1	)	$	85.1	$	75.8
(in millions of pounds)
Sales by Product
Group Long-term Disability	£	9.4	£	8.9	5.6	%	£	16.4	£	16.3	0.6	%	£	35.1	£	32.2
Group Life	3.1		3.2		(3.1	)	6.7		5.6		19.6		14.4		13.7
Supplemental	0.9		0.5		80.0		1.3		1.1		18.2		2.4		2.5
Total Sales	£	13.4	£	12.6	6.3		£	24.4	£	23.0	6.1		£	51.9	£	48.4
Sales by Market Sector
Group Long-term Disability and Group Life
Core Market (< 500 lives)	£	6.6	£	7.6	(13.2	)%	£	11.1	£	12.1	(8.3	)%	£	25.8	£	24.9
Large Case Market	5.9		4.5		31.1		12.0		9.8		22.4		23.7		21.0
Subtotal	12.5		12.1		3.3		23.1		21.9		5.5		49.5		45.9
Supplemental	0.9		0.5		80.0		1.3		1.1		18.2		2.4		2.5
Total Sales	£	13.4	£	12.6	6.3		£	24.4	£	23.0	6.1		£	51.9	£	48.4

5. 1

Unum Group Sales Data for Colonial Life Segment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015		6/30/2014		% Change		6/30/2015		6/30/2014		% Change		12/31/2014		12/31/2013
Sales by Product
Accident, Sickness, and Disability	$	60.4	$	57.3	5.4	%	$	109.7	$	104.0	5.5	%	$	260.7	$	238.2
Life	18.6		18.3		1.6		34.5		32.5		6.2		78.8		68.1
Cancer and Critical Illness	16.8		15.0		12.0		29.1		26.1		11.5		70.6		61.3
Total Sales	$	95.8	$	90.6	5.7		$	173.3	$	162.6	6.6		$	410.1	$	367.6
Sales by Market Sector
Commercial
Core Market (< 1,000 lives)	$	66.6	$	63.8	4.4	%	$	122.3	$	115.5	5.9	%	$	275.6	$	246.0
Large Case Market	9.9		10.0		(1.0	)	17.2		19.7		(12.7	)	53.2		49.0
Subtotal	76.5		73.8		3.7		139.5		135.2		3.2		328.8		295.0
Public Sector	19.3		16.8		14.9		33.8		27.4		23.4		81.3		72.6
Total Sales	$	95.8	$	90.6	5.7		$	173.3	$	162.6	6.6		$	410.1	$	367.6

5. 2

Unum Group Consolidated Balance Sheets

	June 30			December 31
	2015			2014
				As Adjusted
Assets
Investments
Fixed Maturity Securities	$	44,570.4		$	45,064.9
Mortgage Loans	1,856.5			1,856.6
Policy Loans	3,248.4			3,306.6
Other Long-term Investments	585.0			545.0
Short-term Investments	762.8			974.3
Total Investments	51,023.1			51,747.4
Other Assets
Cash and Bank Deposits	122.6			102.5
Accounts and Premiums Receivable	1,652.4			1,634.7
Reinsurance Recoverable	4,777.8			4,906.4
Accrued Investment Income	803.2			696.1
Deferred Acquisition Costs	1,937.8			1,901.3
Goodwill	198.8			198.7
Property and Equipment	535.7			531.7
Income Tax Receivable	5.7			69.5
Other Assets	649.7			661.9
Total Assets	$	61,706.8		$	62,450.2
Liabilities
Policy and Contract Benefits	$	1,549.4		$	1,529.3
Reserves for Future Policy and Contract Benefits	44,842.4			45,929.4
Unearned Premiums	489.6			396.6
Other Policyholders’ Funds	1,680.9			1,657.8
Deferred Income Tax	41.2			62.0
Short-term Debt	151.9			151.9
Long-term Debt - Non-recourse	350.0			398.4
Long-term Debt - All Other	2,230.8			2,230.3
Payables for Collateral on Investments	409.9			73.8
Other Liabilities	1,445.0			1,498.8
Total Liabilities	53,191.1			53,928.3
Stockholders’ Equity
Common Stock	30.2			30.2
Additional Paid-in Capital	2,235.5			2,221.2
Accumulated Other Comprehensive Income	3.4			166.4
Retained Earnings	7,656.0			7,302.3
Treasury Stock	(1,409.4		)	(1,198.2		)
Total Stockholders’ Equity	8,515.7			8,521.9
Total Liabilities and Stockholders’ Equity	$	61,706.8		$	62,450.2

6

Unum Group Deferred Acquisition Costs by Segment

	Unum US			Unum UK			Colonial Life			Consolidated
Balances at December 31, 2013	$	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		)
Balances at December 31, 2014	1,096.5			30.4			774.4			1,901.3
Capitalization	156.6			4.6			124.5			285.7
Amortization	(151.4		)	(5.6		)	(101.4		)	(258.4		)
Adjustment Related to Unrealized Investment Losses	2.9			—			6.1			9.0
Foreign Currency	—			0.2			—			0.2
Balances at June 30, 2015	$	1,104.6		$	29.6		$	803.6		$	1,937.8

6. 1

Unum Group Balance Sheets by Segment - June 30, 2015

	Unum US
	Group Disability		Group Life and Accidental Death & Dismemberment		Supplemental and Voluntary		Total Unum US		Unum UK		Colonial Life		Closed Block			Corporate			Consolidated
Assets
Investments	$	9,133.8	$	2,740.0	$	4,180.9	$	16,054.7	$	3,535.3	$	2,715.5	$	27,260.7		$	1,456.9		$	51,023.1
Deferred Acquisition Costs	74.5		63.5		966.6		1,104.6		29.6		803.6		—			—			1,937.8
Goodwill	—		—		187.6		187.6		11.2		—		—			—			198.8
All Other	635.2		166.5		496.2		1,297.9		174.3		251.8		6,158.2			664.9			8,547.1
Total Assets	$	9,843.5	$	2,970.0	$	5,831.3	$	18,644.8	$	3,750.4	$	3,770.9	$	33,418.9		$	2,121.8		$	61,706.8
Liabilities
Reserves and Policyholder Benefits	$	7,903.5	$	1,729.5	$	3,700.9	$	13,333.9	$	2,949.1	$	2,191.5	$	30,087.8		$	—		$	48,562.3
Debt	1.0		—		—		1.0		—		—		350.0			2,381.7			2,732.7
All Other	439.1		153.5		386.1		978.7		78.4		278.2		(156.9		)	717.7			1,896.1
Total Liabilities	8,343.6		1,883.0		4,087.0		14,313.6		3,027.5		2,469.7		30,280.9			3,099.4			53,191.1
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity	1,492.3		1,054.2		1,630.7		4,177.2		657.2		1,215.8		3,012.7			(1,051.0		)	8,011.9
Net Unrealized Gain on Securities and Net Gain on Cash Flow Hedges	7.6		32.8		113.6		154.0		65.7		85.4		125.3			73.4			503.8
Total Allocated Stockholders' Equity	1,499.9		1,087.0		1,744.3		4,331.2		722.9		1,301.2		3,138.0			(977.6		)	8,515.7
Total Liabilities and Allocated Stockholders' Equity	$	9,843.5	$	2,970.0	$	5,831.3	$	18,644.8	$	3,750.4	$	3,770.9	$	33,418.9		$	2,121.8		$	61,706.8

Allocated stockholders' equity is determined on the basis of an internal allocation formula that reflects the volume and risk components of the business and aligns with our target capital levels for regulatory and rating agency purposes. We modify this formula periodically to recognize changes in the views of capital requirements.

6. 2

Unum Group Balance Sheets by Segment - December 31, 2014 - As Adjusted

	Unum US
	Group Disability		Group Life and Accidental Death & Dismemberment		Supplemental and Voluntary		Total Unum US		Unum UK		Colonial Life		Closed Block			Corporate			Consolidated
Assets
Investments	$	9,216.6	$	2,673.8	$	4,214.6	$	16,105.0	$	3,399.2	$	2,650.8	$	27,668.8		$	1,923.6		$	51,747.4
Deferred Acquisition Costs	69.8		59.8		966.9		1,096.5		30.4		774.4		—			—			1,901.3
Goodwill	—		—		187.6		187.6		11.1		—		—			—			198.7
All Other	619.3		129.4		538.7		1,287.4		261.8		267.0		6,291.4			495.2			8,602.8
Total Assets	$	9,905.7	$	2,863.0	$	5,907.8	$	18,676.5	$	3,702.5	$	3,692.2	$	33,960.2		$	2,418.8		$	62,450.2
Liabilities
Reserves and Policyholder Benefits	$	8,104.9	$	1,722.2	$	3,712.4	$	13,539.5	$	2,894.3	$	2,149.7	$	30,929.6		$	—		$	49,513.1
Debt	—		—		—		—		—		—		398.4			2,382.2			2,780.6
All Other	333.2		91.2		371.1		795.5		69.8		258.8		(296.2		)	806.7			1,634.6
Total Liabilities	8,438.1		1,813.4		4,083.5		14,335.0		2,964.1		2,408.5		31,031.8			3,188.9			53,928.3
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity	1,457.9		1,005.7		1,682.9		4,146.5		648.4		1,178.8		2,814.3			(947.4		)	7,840.6
Net Unrealized Gain on Securities and Net Gain on Cash Flow Hedges	9.7		43.9		141.4		195.0		90.0		104.9		114.1			177.3			681.3
Total Allocated Stockholders' Equity	1,467.6		1,049.6		1,824.3		4,341.5		738.4		1,283.7		2,928.4			(770.1		)	8,521.9
Total Liabilities and Allocated Stockholders' Equity	$	9,905.7	$	2,863.0	$	5,907.8	$	18,676.5	$	3,702.5	$	3,692.2	$	33,960.2		$	2,418.8		$	62,450.2

6. 3

Unum Group Financial Results by Segment

	Three Months Ended							Six Months Ended
	6/30/2015		6/30/2014			% Change		6/30/2015		6/30/2014		% Change
			As Adjusted							As Adjusted
Premium Income
Unum US	$	1,236.4	$	1,157.7		6.8	%	$	2,466.6	$	2,310.2	6.8	%
Unum UK	142.2		154.0			(7.7	)	281.2		305.7		(8.0	)
Colonial Life	335.9		316.8			6.0		668.1		633.2		5.5
Closed Block	303.0		315.1			(3.8	)	607.9		633.0		(4.0	)
	2,017.5		1,943.6			3.8		4,023.8		3,882.1		3.7
Net Investment Income
Unum US	215.7		218.2			(1.1	)	430.7		441.3		(2.4	)
Unum UK	38.6		44.3			(12.9	)	62.1		77.9		(20.3	)
Colonial Life	36.9		35.8			3.1		73.9		72.4		2.1
Closed Block	331.7		325.8			1.8		652.1		641.3		1.7
Corporate	7.8		8.3			(6.0	)	13.9		15.3		(9.2	)
	630.7		632.4			(0.3	)	1,232.7		1,248.2		(1.2	)
Other Income
Unum US	31.4		30.3			3.6		62.3		61.2		1.8
Unum UK	—		0.2			(100.0	)	—		0.1		(100.0	)
Colonial Life	—		0.1			(100.0	)	—		—		—
Closed Block	22.8		24.5			(6.9	)	46.0		46.1		(0.2	)
Corporate	0.5		(0.2		)	N.M.		0.8		1.3		(38.5	)
	54.7		54.9			(0.4	)	109.1		108.7		0.4
Total Operating Revenue
Unum US	1,483.5		1,406.2			5.5		2,959.6		2,812.7		5.2
Unum UK	180.8		198.5			(8.9	)	343.3		383.7		(10.5	)
Colonial Life	372.8		352.7			5.7		742.0		705.6		5.2
Closed Block	657.5		665.4			(1.2	)	1,306.0		1,320.4		(1.1	)
Corporate	8.3		8.1			2.5		14.7		16.6		(11.4	)
	$	2,702.9	$	2,630.9		2.7		$	5,365.6	$	5,239.0	2.4

7

Unum Group Financial Results by Segment - Continued

	Three Months Ended								Six Months Ended
	6/30/2015			6/30/2014			% Change		6/30/2015			6/30/2014			% Change
				As Adjusted								As Adjusted
Benefits and Expenses
Unum US	$	1,280.7		$	1,190.4		7.6	%	$	2,542.5		$	2,389.4		6.4	%
Unum UK	142.5			158.9			(10.3	)	272.4			307.6			(11.4	)
Colonial Life	295.2			277.8			6.3		586.8			551.6			6.4
Closed Block	620.9			628.8			(1.3	)	1,242.7			1,255.5			(1.0	)
Corporate	41.7			49.7			(16.1	)	78.0			84.7			(7.9	)
	2,381.0			2,305.6			3.3		4,722.4			4,588.8			2.9
Income (Loss) Before Income Tax, Net Realized Investment Gain (Loss), and Non-operating Retirement-related Loss
Unum US	202.8			215.8			(6.0	)	417.1			423.3			(1.5	)
Unum UK	38.3			39.6			(3.3	)	70.9			76.1			(6.8	)
Colonial Life	77.6			74.9			3.6		155.2			154.0			0.8
Closed Block	36.6			36.6			—		63.3			64.9			(2.5	)
Corporate	(33.4		)	(41.6		)	19.7		(63.3		)	(68.1		)	7.0
	321.9			325.3			(1.0	)	643.2			650.2			(1.1	)
Income Tax Expense	99.3			104.0			(4.5	)	195.8			206.3			(5.1	)
Income Before Net Realized Investment Gain (Loss) and Non-operating Retirement-related Loss, Net of Tax	222.6			221.3			0.6		447.4			443.9			0.8
Net Realized Investment Gain (Loss), Net of Tax	3.7			19.0			(80.5	)	(6.3		)	23.1			(127.3	)
Non-operating Retirement-related Loss, Net of Tax	(2.0		)	(0.9		)	(122.2	)	(3.9		)	(1.8		)	(116.7	)
Net Income	$	224.3		$	239.4		(6.3	)	$	437.2		$	465.2		(6.0	)

7. 1

Unum Group Quarterly Historical Financial Results by Segment

	6/30/15		3/31/15		12/31/14			9/30/14		6/30/14			3/31/14			12/31/13		9/30/13		6/30/13
					As Adjusted
Premium Income
Unum US	$	1,236.4	$	1,230.2	$	1,186.8		$	1,162.7	$	1,157.7		$	1,152.5		$	1,121.3	$	1,124.6	$	1,131.5
Unum UK	142.2		139.0		148.9			152.6		154.0			151.7			137.9		137.3		137.6
Colonial Life	335.9		332.2		321.1			319.4		316.8			316.4			308.1		309.1		307.9
Closed Block	303.0		304.9		311.1			312.5		315.1			317.9			323.4		326.3		328.8
	2,017.5		2,006.3		1,967.9			1,947.2		1,943.6			1,938.5			1,890.7		1,897.3		1,905.8
Net Investment Income
Unum US	215.7		215.0		223.2			214.4		218.2			223.1			228.2		230.2		228.2
Unum UK	38.6		23.5		38.7			34.4		44.3			33.6			42.0		30.3		45.4
Colonial Life	36.9		37.0		37.6			35.5		35.8			36.6			34.8		35.9		34.0
Closed Block	331.7		320.4		323.0			317.2		325.8			315.5			327.5		314.7		315.6
Corporate	7.8		6.1		10.2			9.8		8.3			7.0			0.8		7.9		6.7
	630.7		602.0		632.7			611.3		632.4			615.8			633.3		619.0		629.9
Other Income
Unum US	31.4		30.9		30.7			30.2		30.3			30.9			29.3		30.2		32.1
Unum UK	—		—		(0.1		)	—		0.2			(0.1		)	—		0.1		(0.1		)
Colonial Life	—		—		—			0.1		0.1			(0.1		)	0.1		—		0.1
Closed Block	22.8		23.2		22.3			23.4		24.5			21.6			22.4		23.6		23.8
Corporate	0.5		0.3		2.8			0.9		(0.2		)	1.5			5.0		0.3		0.8
	54.7		54.4		55.7			54.6		54.9			53.8			56.8		54.2		56.7
Total Operating Revenue
Unum US	1,483.5		1,476.1		1,440.7			1,407.3		1,406.2			1,406.5			1,378.8		1,385.0		1,391.8
Unum UK	180.8		162.5		187.5			187.0		198.5			185.2			179.9		167.7		182.9
Colonial Life	372.8		369.2		358.7			355.0		352.7			352.9			343.0		345.0		342.0
Closed Block	657.5		648.5		656.4			653.1		665.4			655.0			673.3		664.6		668.2
Corporate	8.3		6.4		13.0			10.7		8.1			8.5			5.8		8.2		7.5
	$	2,702.9	$	2,662.7	$	2,656.3		$	2,613.1	$	2,630.9		$	2,608.1		$	2,580.8	$	2,570.5	$	2,592.4

8

Unum Group Quarterly Historical Financial Results by Segment - Continued

	6/30/15			3/31/15			12/31/14			9/30/14			6/30/14			3/31/14			12/31/13			9/30/13			6/30/13
							As Adjusted
Benefits and Expenses
Unum US	$	1,280.7		$	1,261.8		$	1,231.2		$	1,195.2		$	1,190.4		$	1,199.0		$	1,153.6		$	1,168.1		$	1,180.7
Unum UK	142.5			129.9			149.3			153.5			158.9			148.7			144.0			136.4			149.4
Colonial Life	295.2			291.6			284.7			284.0			277.8			273.8			294.0			276.4			271.2
Closed Block	620.9			621.8			1,325.2			627.4			628.8			626.7			646.7			639.6			639.1
Corporate	41.7			36.3			37.4			35.8			49.7			35.0			39.7			33.6			37.1
	2,381.0			2,341.4			3,027.8			2,295.9			2,305.6			2,283.2			2,278.0			2,254.1			2,277.5
Income (Loss) Before Income Tax, Net Realized Investment Gain (Loss), and Non-operating Retirement-related Loss
Unum US	202.8			214.3			209.5			212.1			215.8			207.5			225.2			216.9			211.1
Unum UK	38.3			32.6			38.2			33.5			39.6			36.5			35.9			31.3			33.5
Colonial Life	77.6			77.6			74.0			71.0			74.9			79.1			49.0			68.6			70.8
Closed Block	36.6			26.7			(668.8		)	25.7			36.6			28.3			26.6			25.0			29.1
Corporate	(33.4		)	(29.9		)	(24.4		)	(25.1		)	(41.6		)	(26.5		)	(33.9		)	(25.4		)	(29.6		)
	321.9			321.3			(371.5		)	317.2			325.3			324.9			302.8			316.4			314.9
Income Tax Expense (Benefit)	99.3			96.5			(143.4		)	98.1			104.0			102.3			88.5			94.8			99.0
Income (Loss) Before Net Realized Investment Gain (Loss) and Non-operating Retirement-related Loss, Net of Tax	222.6			224.8			(228.1		)	219.1			221.3			222.6			214.3			221.6			215.9
Net Realized Investment Gain (Loss), Net of Tax	3.7			(10.0		)	(11.2		)	0.9			19.0			4.1			5.8			(17.2		)	8.6
Non-operating Retirement-related Loss, Net of Tax	(2.0		)	(1.9		)	(42.9		)	(0.9		)	(0.9		)	(0.9		)	(1.5		)	(1.7		)	(8.5		)
Net Income (Loss)	$	224.3		$	212.9		$	(282.2	)	$	219.1		$	239.4		$	225.8		$	218.6		$	202.7		$	216.0
Net Income (Loss) Per Common Share - Assuming Dilution	$	0.90		$	0.84		$	(1.12	)	$	0.86		$	0.93		$	0.86		$	0.83		$	0.77		$	0.81

8. 1

Unum Group Financial Results for Unum US Segment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Operating Revenue
Premium Income	$	1,236.4		$	1,157.7		$	2,466.6		$	2,310.2		$	4,659.7		$	4,517.1
Net Investment Income	215.7			218.2			430.7			441.3			878.9			919.4
Other Income	31.4			30.3			62.3			61.2			122.1			128.3
Total	1,483.5			1,406.2			2,959.6			2,812.7			5,660.7			5,564.8
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	879.8			814.8			1,719.7			1,624.3			3,288.1			3,222.4
Commissions	138.5			129.7			284.4			266.2			528.7			505.2
Deferral of Acquisition Costs	(76.5		)	(69.6		)	(156.6		)	(143.9		)	(292.7		)	(252.0		)
Amortization of Deferred Acquisition Costs	68.0			59.4			151.4			130.3			248.1			230.0
Other Expenses	270.9			256.1			543.6			512.5			1,043.6			1,000.8
Total	1,280.7			1,190.4			2,542.5			2,389.4			4,815.8			4,706.4
Income Before Income Tax and Net Realized Investment Gains and Losses	202.8			215.8			417.1			423.3			844.9			858.4
Unclaimed Death Benefits (UDB) Reserve Increase	—			—			—			—			—			75.4
Group Life Waiver of Premium Benefit (Waiver) Reserve Reduction	—			—			—			—			—			(85.0		)
Operating Income	$	202.8		$	215.8		$	417.1		$	423.3		$	844.9		$	848.8
Operating Ratios (% of Premium Income):
Benefit Ratio	71.2		%	70.4		%	69.7		%	70.3		%	70.6		%	71.3		%
Benefit Ratio Excluding UDB and Waiver Reserve Adjustments																71.6		%
Other Expense Ratio	21.9		%	22.1		%	22.0		%	22.2		%	22.4		%	22.2		%
Income Ratio	16.4		%	18.6		%	16.9		%	18.3		%	18.1		%	19.0		%
Operating Income Ratio	16.4		%	18.6		%	16.9		%	18.3		%	18.1		%	18.8		%

9

Unum Group Financial Results for Unum US Group Disability

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Operating Revenue
Premium Income
Group Long-term Disability	$	409.4		$	386.2		$	814.7		$	769.7		$	1,553.5		$	1,553.9
Group Short-term Disability	151.6			137.8			299.3			275.1			558.1			519.6
Total Premium Income	561.0			524.0			1,114.0			1,044.8			2,111.6			2,073.5
Net Investment Income	125.2			127.5			250.2			259.0			515.9			547.4
Other Income	24.8			22.9			48.4			44.7			91.0			95.6
Total	711.0			674.4			1,412.6			1,348.5			2,718.5			2,716.5
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	467.8			429.1			910.8			861.6			1,746.4			1,732.9
Commissions	42.0			39.8			86.5			81.2			161.2			164.0
Deferral of Acquisition Costs	(11.2		)	(9.1		)	(21.5		)	(19.0		)	(40.2		)	(29.6		)
Amortization of Deferred Acquisition Costs	8.5			6.5			16.8			13.0			26.3			21.1
Other Expenses	142.7			135.4			284.5			271.4			550.0			532.4
Total	649.8			601.7			1,277.1			1,208.2			2,443.7			2,420.8
Operating Income	$	61.2		$	72.7		$	135.5		$	140.3		$	274.8		$	295.7
Operating Ratios (% of Premium Income):
Benefit Ratio	83.4		%	81.9		%	81.8		%	82.5		%	82.7		%	83.6		%
Other Expense Ratio	25.4		%	25.8		%	25.5		%	26.0		%	26.0		%	25.7		%
Operating Income Ratio	10.9		%	13.9		%	12.2		%	13.4		%	13.0		%	14.3		%
Persistency:
Group Long-term Disability							91.4		%	89.0		%	90.6		%	87.2		%
Group Short-term Disability							86.4		%	88.3		%	89.6		%	88.0		%

9. 1

Unum Group Financial Results for Unum US Group Life and Accidental Death & Dismemberment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Operating Revenue
Premium Income
Group Life	$	336.0		$	313.2		$	671.0		$	623.1		$	1,262.3		$	1,213.9
Accidental Death & Dismemberment	33.3			31.1			65.9			61.7			125.9			121.6
Total Premium Income	369.3			344.3			736.9			684.8			1,388.2			1,335.5
Net Investment Income	33.8			33.2			67.3			67.3			135.2			139.1
Other Income	0.7			0.4			1.0			0.8			1.4			1.8
Total	403.8			377.9			805.2			752.9			1,524.8			1,476.4
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	269.9			241.5			530.7			480.8			975.8			909.9
Commissions	30.2			28.0			60.5			56.5			113.3			108.9
Deferral of Acquisition Costs	(8.8		)	(7.5		)	(16.8		)	(14.7		)	(31.3		)	(24.7		)
Amortization of Deferred Acquisition Costs	6.6			5.3			13.1			10.6			21.4			15.6
Other Expenses	53.4			50.0			107.3			100.4			205.2			198.2
Total	351.3			317.3			694.8			633.6			1,284.4			1,207.9
Income Before Income Tax and Net Realized Investment Gains and Losses	52.5			60.6			110.4			119.3			240.4			268.5
UDB Reserve Increase	—			—			—			—			—			49.1
Waiver Reserve Reduction	—			—			—			—			—			(85.0		)
Operating Income	$	52.5		$	60.6		$	110.4		$	119.3		$	240.4		$	232.6
Operating Ratios (% of Premium Income):
Benefit Ratio	73.1		%	70.1		%	72.0		%	70.2		%	70.3		%	68.1		%
Benefit Ratio Excluding UDB and Waiver Reserve Adjustments																70.8		%
Other Expense Ratio	14.5		%	14.5		%	14.6		%	14.7		%	14.8		%	14.8		%
Income Ratio	14.2		%	17.6		%	15.0		%	17.4		%	17.3		%	20.1		%
Operating Income Ratio	14.2		%	17.6		%	15.0		%	17.4		%	17.3		%	17.4		%
Persistency:
Group Life							88.0		%	89.4		%	90.8		%	88.1		%
Accidental Death & Dismemberment							88.7		%	90.2		%	91.1		%	88.8		%

9. 2

Unum Group Financial Results for Unum US Supplemental and Voluntary

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Operating Revenue
Premium Income
Individual Disability	$	118.4		$	116.0		$	236.3		$	231.9		$	466.1		$	465.3
Voluntary Benefits	187.7			173.4			379.4			348.7			693.8			642.8
Total Premium Income	306.1			289.4			615.7			580.6			1,159.9			1,108.1
Net Investment Income	56.7			57.5			113.2			115.0			227.8			232.9
Other Income	5.9			7.0			12.9			15.7			29.7			30.9
Total	368.7			353.9			741.8			711.3			1,417.4			1,371.9
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	142.1			144.2			278.2			281.9			565.9			579.6
Commissions	66.3			61.9			137.4			128.5			254.2			232.3
Deferral of Acquisition Costs	(56.5		)	(53.0		)	(118.3		)	(110.2		)	(221.2		)	(197.7		)
Amortization of Deferred Acquisition Costs	52.9			47.6			121.5			106.7			200.4			193.3
Other Expenses	74.8			70.7			151.8			140.7			288.4			270.2
Total	279.6			271.4			570.6			547.6			1,087.7			1,077.7
Income Before Income Tax and Net Realized Investment Gains and Losses	89.1			82.5			171.2			163.7			329.7			294.2
UDB Reserve Increase	—			—			—			—			—			26.3
Operating Income	$	89.1		$	82.5		$	171.2		$	163.7		$	329.7		$	320.5
Interest Adjusted Loss Ratio:
Individual Disability	30.6		%	30.6		%	29.1		%	28.9		%	30.0		%	29.6		%
Operating Ratios (% of Premium Income):
Benefit Ratios:
Individual Disability	51.7		%	52.3		%	50.3		%	50.7		%	51.6		%	51.3		%
Voluntary Benefits	43.1		%	48.2		%	42.0		%	47.1		%	46.9		%	53.0		%
Benefit Ratio Excluding UDB Reserve Increase:
Voluntary Benefits																48.9		%
Other Expense Ratio	24.4		%	24.4		%	24.7		%	24.2		%	24.9		%	24.4		%
Income Ratio	29.1		%	28.5		%	27.8		%	28.2		%	28.4		%	26.5		%
Operating Income Ratio	29.1		%	28.5		%	27.8		%	28.2		%	28.4		%	28.9		%
Persistency:
Individual Disability							90.4		%	90.0		%	90.0		%	90.5		%
Voluntary Benefits							75.2		%	78.1		%	77.6		%	77.0		%

9. 3

Unum Group Financial Results for Unum UK Segment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
Operating Revenue
Premium Income
Group Long-term Disability	$	99.4		$	105.9		$	195.9		$	208.9		$	418.9		$	389.9
Group Life	30.4			33.7			60.9			68.5			133.2			106.4
Supplemental	12.4			14.4			24.4			28.3			55.1			60.3
Total Premium Income	142.2			154.0			281.2			305.7			607.2			556.6
Net Investment Income	38.6			44.3			62.1			77.9			151.0			148.5
Other Income	—			0.2			—			0.1			—			0.1
Total	180.8			198.5			343.3			383.7			758.2			705.2
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	100.6			114.0			191.5			220.4			431.0			413.3
Commissions	10.3			10.6			22.3			20.5			42.8			38.0
Deferral of Acquisition Costs	(2.6		)	(2.5		)	(4.6		)	(4.7		)	(10.5		)	(9.8		)
Amortization of Deferred Acquisition Costs	2.8			3.2			5.6			6.4			12.5			14.7
Other Expenses	31.4			33.6			57.6			65.0			134.6			117.0
Total	142.5			158.9			272.4			307.6			610.4			573.2
Operating Income	$	38.3		$	39.6		$	70.9		$	76.1		$	147.8		$	132.0

10

Unum Group Financial Results for Unum UK Segment - Continued

(in millions of pounds, except exchange rate)	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
Operating Revenue
Premium Income
Group Long-term Disability	£	64.8		£	62.9		£	128.5		£	125.1		£	254.4		£	249.2
Group Life	19.7			20.0			39.9			41.0			80.8			68.2
Supplemental	8.3			8.6			16.1			17.0			33.4			38.5
Total Premium Income	92.8			91.5			184.5			183.1			368.6			355.9
Net Investment Income	25.2			26.3			40.6			46.6			91.6			94.9
Other Income	(0.1		)	0.1			—			0.1			0.1			0.1
Total	117.9			117.9			225.1			229.8			460.3			450.9
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	65.6			67.7			125.5			132.0			261.4			264.5
Commissions	6.8			6.3			14.7			12.3			26.0			24.3
Deferral of Acquisition Costs	(1.7		)	(1.5		)	(3.0		)	(2.8		)	(6.4		)	(6.2		)
Amortization of Deferred Acquisition Costs	1.9			1.9			3.7			3.8			7.6			9.3
Other Expenses	20.3			19.9			37.7			38.9			81.9			74.7
Total	92.9			94.3			178.6			184.2			370.5			366.6
Operating Income	£	25.0		£	23.6		£	46.5		£	45.6		£	89.8		£	84.3
Weighted Average Pound/Dollar Exchange Rate	1.532			1.678			1.525			1.669			1.646			1.566
Operating Ratios (% of Premium Income):
Benefit Ratio	70.7		%	74.0		%	68.0		%	72.1		%	70.9		%	74.3		%
Other Expense Ratio	21.9		%	21.7		%	20.4		%	21.2		%	22.2		%	21.0		%
Operating Income Ratio	26.9		%	25.8		%	25.2		%	24.9		%	24.4		%	23.7		%
Persistency:
Group Long-term Disability							87.5		%	87.5		%	90.1		%	82.2		%
Group Life							79.9		%	70.4		%	76.0		%	66.7		%
Supplemental							87.9		%	86.3		%	86.6		%	78.8		%

10. 1

Unum Group Financial Results for Colonial Life Segment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Operating Revenue
Premium Income
Accident, Sickness, and Disability	$	198.1		$	189.2		$	394.6		$	378.3		$	759.8		$	738.7
Life	63.3			57.5			125.6			114.9			231.8			221.1
Cancer and Critical Illness	74.5			70.1			147.9			140.0			282.1			272.4
Total Premium Income	335.9			316.8			668.1			633.2			1,273.7			1,232.2
Net Investment Income	36.9			35.8			73.9			72.4			145.5			144.1
Other Income	—			0.1			—			—			0.1			0.2
Total	372.8			352.7			742.0			705.6			1,419.3			1,376.5
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	169.3			164.6			339.7			324.4			660.6			667.0
Commissions	71.7			63.5			145.1			127.0			262.3			252.5
Deferral of Acquisition Costs	(61.6		)	(52.7		)	(124.5		)	(105.2		)	(220.8		)	(205.0		)
Amortization of Deferred Acquisition Costs	53.3			43.8			101.4			88.3			180.2			174.2
Other Expenses	62.5			58.6			125.1			117.1			238.0			224.3
Total	295.2			277.8			586.8			551.6			1,120.3			1,113.0
Income Before Income Tax and Net Realized Investment Gains and Losses	77.6			74.9			155.2			154.0			299.0			263.5
UDB Reserve Increase	—			—			—			—			—			20.1
Operating Income	$	77.6		$	74.9		$	155.2		$	154.0		$	299.0		$	283.6
Operating Ratios (% of Premium Income):
Benefit Ratio	50.4		%	52.0		%	50.8		%	51.2		%	51.9		%	54.1		%
Benefit Ratio Excluding UDB Reserve Increase																52.5		%
Other Expense Ratio	18.6		%	18.5		%	18.7		%	18.5		%	18.7		%	18.2		%
Income Ratio	23.1		%	23.6		%	23.2		%	24.3		%	23.5		%	21.4		%
Operating Income Ratio	23.1		%	23.6		%	23.2		%	24.3		%	23.5		%	23.0		%
Persistency:
Accident, Sickness, and Disability							75.4		%	74.8		%	75.5		%	75.2		%
Life							85.4		%	84.9		%	85.2		%	85.2		%
Cancer and Critical Illness							82.7		%	82.5		%	83.5		%	83.1		%

11

Unum Group Financial Results for Closed Block Segment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Operating Revenue
Premium Income
Individual Disability	$	144.3		$	157.8		$	290.8		$	318.9		$	624.8		$	687.5
Long-term Care	158.2			157.1			316.4			313.6			630.9			630.6
All Other	0.5			0.2			0.7			0.5			0.9			0.7
Total Premium Income	303.0			315.1			607.9			633.0			1,256.6			1,318.8
Net Investment Income	331.7			325.8			652.1			641.3			1,281.5			1,270.2
Other Income	22.8			24.5			46.0			46.1			91.8			93.9
Total	657.5			665.4			1,306.0			1,320.4			2,629.9			2,682.9
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	553.1			560.0			1,105.8			1,115.6			2,931.1			2,293.0
Commissions	24.1			25.4			49.7			51.5			101.5			113.8
Interest and Debt Expense	1.7			1.8			3.4			3.7			7.3			8.4
Other Expenses	42.0			41.6			83.8			84.7			168.2			160.4
Total	620.9			628.8			1,242.7			1,255.5			3,208.1			2,575.6
Income (Loss) Before Income Tax and Net Realized Investment Gains and Losses	36.6			36.6			63.3			64.9			(578.2		)	107.3
Long-term Care (LTC) Reserve Increase	—			—			—			—			698.2			—
Operating Income	$	36.6		$	36.6		$	63.3		$	64.9		$	120.0		$	107.3
Interest Adjusted Loss Ratios:
Individual Disability	83.6		%	89.4		%	81.8		%	85.4		%	83.6		%	82.6		%
Long-term Care	83.4		%	80.8		%	85.4		%	82.8		%	196.6		%	89.6		%
Long-term Care Excluding the Reserve Increase													85.9		%
Operating Ratios (% of Premium Income):
Other Expense Ratio	13.9		%	13.2		%	13.8		%	13.4		%	13.4		%	12.2		%
Income (Loss) Ratio	12.1		%	11.6		%	10.4		%	10.3		%	(46.0		)%	8.1		%
Operating Income Ratio	12.1		%	11.6		%	10.4		%	10.3		%	9.5		%	8.1		%
Persistency:
Individual Disability							91.1		%	91.4		%	91.3		%	91.8		%
Long-term Care							95.4		%	95.2		%	95.4		%	95.5		%

12

Unum Group Financial Results for Corporate Segment

	Three Months Ended						Six Months Ended						Year Ended
	6/30/2015			6/30/2014			6/30/2015			6/30/2014			12/31/2014			12/31/2013
				As Adjusted						As Adjusted			As Adjusted
Operating Revenue
Net Investment Income	$	7.8		$	8.3		$	13.9		$	15.3		$	35.3		$	24.7
Other Income	0.5			(0.2		)	0.8			1.3			5.0			7.7
Total	8.3			8.1			14.7			16.6			40.3			32.4
Interest and Other Expenses	41.7			49.7			78.0			84.7			157.9			147.5
Operating Loss Including Costs Related to Early Retirement of Debt	(33.4		)	(41.6		)	(63.3		)	(68.1		)	(117.6		)	(115.1		)
Costs Related to Early Retirement of Debt	—			13.2			—			13.2			13.2			—
Operating Loss	$	(33.4	)	$	(28.4	)	$	(63.3	)	$	(54.9	)	$	(104.4	)	$	(115.1	)

13

Unum Group Reserves

	June 30, 2015
	Gross												Total
	Policy				Claim Reserves								Reinsurance		Total
	Reserves		%		Incurred		IBNR		%		Total		Ceded		Net
Group Disability	$	—	—	%	$	6,406.8	$	632.0	29.2	%	$	7,038.8	$	67.7	$	6,971.1
Group Life and Accidental Death & Dismemberment	69.8		0.4		711.7		187.9		3.8		969.4		2.6		966.8
Individual Disability	554.4		3.2		1,220.4		126.6		5.6		1,901.4		111.9		1,789.5
Voluntary Benefits	1,391.8		8.0		53.5		50.8		0.4		1,496.1		28.6		1,467.5
Unum US Segment	2,016.0		11.6		8,392.4		997.3		39.0		11,405.7		210.8		11,194.9
Unum UK Segment	22.7		0.1		2,180.2		157.3		9.7		2,360.2		113.4		2,246.8
Colonial Life Segment	1,713.0		9.9		279.3		131.2		1.7		2,123.5		8.0		2,115.5
Individual Disability	673.5		3.9		10,056.2		270.1		42.9		10,999.8		1,558.7		9,441.1
Long-term Care	7,133.2		41.2		1,149.1		117.7		5.3		8,400.0		43.7		8,356.3
Other	5,776.5		33.3		209.1		135.4		1.4		6,121.0		4,937.5		1,183.5
Closed Block Segment	13,583.2		78.4		11,414.4		523.2		49.6		25,520.8		6,539.9		18,980.9
Subtotal	$	17,334.9	100.0	%	$	22,266.3	$	1,809.0	100.0	%	41,410.2		6,872.1		34,538.1
Adjustment to Reserves for Unrealized Gain on Securities											4,981.6		312.9		4,668.7
Consolidated											$	46,391.8	$	7,185.0	$	39,206.8

The decrease in the adjustment to reserves for unrealized gain on securities, relative to year-end 2014, was due primarily to a rise in U.S. Treasury rates. This adjustment is consistent with a similar adjustment to our invested assets.

14

Unum Group Reserves

	December 31, 2014
	Gross												Total
	Policy				Claim Reserves								Reinsurance		Total
	Reserves		%		Incurred		IBNR		%		Total		Ceded		Net
Group Disability	$	—	—	%	$	6,558.4	$	581.1	29.5	%	$	7,139.5	$	66.9	$	7,072.6
Group Life and Accidental Death & Dismemberment	68.8		0.4		712.6		195.4		3.7		976.8		3.9		972.9
Individual Disability	555.6		3.2		1,201.5		127.3		5.5		1,884.4		112.5		1,771.9
Voluntary Benefits	1,366.4		8.0		52.3		58.4		0.5		1,477.1		29.1		1,448.0
Unum US Segment	1,990.8		11.6		8,524.8		962.2		39.2		11,477.8		212.4		11,265.4
Unum UK Segment	22.8		0.1		2,168.2		145.2		9.6		2,336.2		112.3		2,223.9
Colonial Life Segment	1,670.4		9.8		279.4		127.3		1.7		2,077.1		9.9		2,067.2
Individual Disability	735.0		4.3		10,150.9		285.6		43.1		11,171.5		1,551.7		9,619.8
Long-term Care	6,884.2		40.2		1,083.3		111.9		4.9		8,079.4		42.5		8,036.9
Other	5,811.4		34.0		214.3		140.7		1.5		6,166.4		4,959.8		1,206.6
Closed Block Segment	13,430.6		78.5		11,448.5		538.2		49.5		25,417.3		6,554.0		18,863.3
Subtotal	$	17,114.6	100.0	%	$	22,420.9	$	1,772.9	100.0	%	41,308.4		6,888.6		34,419.8
Adjustment to Reserves for Unrealized Gain on Securities											6,150.3		365.0		5,785.3
Consolidated											$	47,458.7	$	7,253.6	$	40,205.1

14. 1

Unum Group Investments

	6/30/2015						6/30/2015			3/31/2015
Fixed Maturity Securities (Fair Value)
Public	$	28,221.5		63.3	%	Selected Statistics
Asset-Backed Securities	80.2			0.2		Earned Book Yield	5.38		%	5.29		%
Residential Mortgage-Backed Securities (1)	2,367.9			5.3		Average Duration (in years)	7.55			7.67
Commercial Mortgage-Backed Securities	131.4			0.3
Private Placements	5,305.8			11.9
High Yield	3,615.4			8.1
Government Securities	2,725.3			6.1
Municipal Securities (2)	2,073.7			4.7
Redeemable Preferred Stocks	49.2			0.1
Total	$	44,570.4		100.0	%
	Amortized Cost			Fair Value
Quality Ratings of Fixed Maturity Securities						Schedule BA and Non-Current
Aaa	9.5		%	9.4	%	Total Non-Current Investments	$	40.2		$	40.3
Aa	8.9			9.2		Total Schedule BA Assets	$	452.4		$	454.0
A	29.5			30.6
Baa	43.1			42.6
Below Baa	9.0			8.2
Total	100.0		%	100.0	%
(1) Includes $26.9 million of high yield mortgage-backed securities.
(2) Includes $17.4 million of high yield municipal securities.

15

Unum Group Investments at June 30, 2015

Fixed Maturity Securities - By Industry Classification - Unrealized Gain (Loss)
Classification	Fair Value		Net Unrealized Gain		Fair Value of Fixed Maturity Securities with Gross Unrealized Loss		Gross Unrealized Loss		Fair Value of Fixed Maturity Securities with Gross Unrealized Gain		Gross Unrealized Gain
Basic Industry	$	2,550.4	$	178.4	$	590.2	$	37.9	$	1,960.2	$	216.3
Capital Goods	3,947.9		432.3		383.4		9.9		3,564.5		442.2
Communications	2,993.5		360.6		388.7		15.1		2,604.8		375.7
Consumer Cyclical	1,381.4		137.6		206.8		7.9		1,174.6		145.5
Consumer Non-Cyclical	5,933.8		615.7		927.0		33.6		5,006.8		649.3
Energy	5,837.9		554.4		1,171.9		60.4		4,666.0		614.8
Financial Institutions	3,263.6		308.3		202.5		4.1		3,061.1		312.4
Mortgage/Asset-Backed	2,579.5		190.4		365.4		5.5		2,214.1		195.9
Sovereigns	1,271.5		187.2		—		—		1,271.5		187.2
Technology	1,313.4		62.9		624.3		12.5		689.1		75.4
Transportation	1,674.0		210.5		139.1		5.6		1,534.9		216.1
U.S. Government Agencies and Municipalities	3,527.5		474.8		476.4		16.3		3,051.1		491.1
Public Utilities	8,246.8		1,182.9		269.0		6.9		7,977.8		1,189.8
Redeemable Preferred Stocks	49.2		5.2		10.8		0.2		38.4		5.4
Total	$	44,570.4	$	4,901.2	$	5,755.5	$	215.9	$	38,814.9	$	5,117.1
Gross Unrealized Loss on Fixed Maturity Securities By Length of Time in Unrealized Loss Position
	Investment-Grade						Below-Investment-Grade
Category	Fair Value		Gross Unrealized Loss				Fair Value		Gross Unrealized Loss
<= 90 days	$	3,715.1	$	103.9			$	950.6	$	21.7
> 90 <= 180 days	325.3		15.6				30.8		1.2
> 180 <= 270 days	115.3		8.7				161.0		15.9
> 270 days <= 1 year	9.5		0.1				134.2		19.3
> 1 year	148.2		12.6				165.5		16.9
Total	$	4,313.4	$	140.9			$	1,442.1	$	75.0

15. 1

Appendix to Statistical Supplement

2015 Significant Items

• In January 2014, the Financial Accounting Standards Board (FASB) issued an update permitting entities to make an accounting policy election to account for investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). We adopted this update effective January 1, 2015 and applied the amendments retrospectively, adjusting all prior period operating results, balance sheets, and related metrics throughout this document.

2014 Significant Items

• Fourth quarter of 2014 reserve increase of $698.2 million before tax and $453.8 million after tax related to long-term care.

• Fourth quarter of 2014 settlement loss of $64.4 million before tax and $41.9 million after tax related to a pension plan amendment.

• Second quarter of 2014 costs related to early retirement of debt of $13.2 million before tax and $10.4 million after tax.

• In December 2014, we retired 60 million shares of our treasury stock with an average total cost of $1,451.7 million.

2013 Significant Items

• Fourth quarter of 2013 claim reserve increases of $49.1 million for Unum US group life, $26.3 million for Unum US voluntary life, and $20.1 million for Colonial Life voluntary life, for a total reserve increase of $95.5 million with a corresponding decrease in net income of $62.1 million, less applicable income tax, related to unclaimed death benefits.

• Fourth quarter of 2013 reserve reduction of $85.0 million before tax and $55.2 million after tax related to Unum US group life waiver of premium benefits.

Non-GAAP Financial Measures

We analyze our performance using non-GAAP financial measures which exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. We believe the following non-GAAP financial measures are better performance measures and better indicators of the revenue and profitability and underlying trends in our business:

• Operating revenue, which excludes realized investment gains or losses;

• Before-tax operating income or loss, which excludes realized investment gains or losses, non-operating retirement-related gains or losses, income tax, and certain other items, as applicable, and after-tax operating income or loss which includes income tax;

• Operating return on equity, which is calculated using after-tax operating income or loss and excludes from equity the unrealized gain or loss on securities and net gain on cash flow hedges;

• Leverage ratio, which excludes the unrealized gain or loss on securities and net gain on cash flow hedges, and the non-recourse debt and associated capital of Northwind Holdings, LLC; and

• Book value per common share, which is calculated excluding AOCI.

16

Appendix to Statistical Supplement - Continued

Realized investment gains or losses; non-operating retirement-related gains or losses; unrealized gains or losses on securities and net gains on cash flow hedges depend on market conditions and do not necessarily relate to decisions regarding the underlying business of our Company. Leverage ratio and book value per common share excluding certain components of AOCI, certain of which tend to fluctuate depending on market conditions and general economic trends, are important measures. We also exclude certain other items from our discussion of financial ratios and metrics in order to enhance the understanding and comparability of our operational performance and the underlying fundamentals, but this exclusion is not an indication that similar items may not recur and does not replace the comparable GAAP measures in the determination of overall profitability. For a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures, refer to the "Reconciliation of Non-GAAP Financial Measures" beginning on page 16.2.

16. 1

Reconciliation of Non-GAAP Financial Measures

	Three Months Ended
	June 30		March 31			December 31			September 30		June 30		March 31		December 31		September 30			June 30
	2015					2014									2013
	(in millions)
Operating Revenue	$	2,702.9	$	2,662.7		$	2,656.3		$	2,613.1	$	2,630.9	$	2,608.1	$	2,580.8	$	2,570.5		$	2,592.4
Net Realized Investment Gain (Loss)	0.8		(15.3		)	(17.3		)	1.2		25.9		6.3		9.3		(26.1		)	13.3
Total Revenue	$	2,703.7	$	2,647.4		$	2,639.0		$	2,614.3	$	2,656.8	$	2,614.4	$	2,590.1	$	2,544.4		$	2,605.7

	After-Tax			Average			Annualized
	Operating			Allocated			Operating
	Income (Loss)			Equity(1)			Return
	(in millions)						On Equity
Three Months Ended June 30, 2015
Unum US	$	132.9		$	4,180.2		12.7	%
Unum UK	30.3			635.6			19.1	%
Colonial Life	50.4			1,211.9			16.6	%
Core Operating Segments	213.6			6,027.7			14.2	%
Closed Block	24.6			2,958.9
Corporate	(15.6		)	(1,049.8		)
Total	$	222.6		$	7,936.8		11.2	%
Three Months Ended June 30, 2014
Unum US	$	141.3		$	4,097.8		13.8	%
Unum UK	31.4			679.1			18.6	%
Colonial Life	48.7			1,141.0			17.1	%
Core Operating Segments	221.4			5,917.9			15.0	%
Closed Block	24.2			2,754.3
Corporate	(13.9		)	(393.3		)
Total	$	231.7		$	8,278.9		11.2	%

⁽¹⁾Excludes unrealized gain on securities and net gain on cash flow hedges and is calculated using the stockholders' equity balances presented on page 16.4.

16. 2

Reconciliation of Non-GAAP Financial Measures - Continued

	After-Tax			Average			Annualized
	Operating			Allocated			Operating
	Income (Loss)			Equity(2)			Return
	(in millions)						On Equity
Six Months Ended June 30, 2015
Unum US	$	273.3		$	4,161.9		13.1	%
Unum UK	55.7			652.8			17.1	%
Colonial Life	100.9			1,197.3			16.9	%
Core Operating Segments	429.9			6,012.0			14.3	%
Closed Block	42.1			2,913.5
Corporate	(24.6		)	(999.2		)
Total	$	447.4		$	7,926.3		11.3	%
Six Months Ended June 30, 2014
Unum US	$	277.3		$	4,134.1		13.4	%
Unum UK	60.7			655.4			18.5	%
Colonial Life	100.1			1,144.0			17.5	%
Core Operating Segments	438.1			5,933.5			14.8	%
Closed Block	42.9			2,738.4
Corporate	(26.7		)	(444.1		)
Total	$	454.3		$	8,227.8		11.0	%

⁽²⁾Excludes unrealized gain on securities and net gain on cash flow hedges and is calculated using the stockholders' equity balances presented on page 16.4.

16. 3

Reconciliation of Non-GAAP Financial Measures - Continued

	After-Tax			Average
	Operating			Allocated			Operating
	Income (Loss)			Equity(3)			Return
	(in millions)						On Equity
Year Ended December 31, 2014
Unum US	$	554.9		$	4,157.4		13.3	%
Unum UK	116.4			635.3			18.3	%
Colonial Life	194.4			1,163.1			16.7	%
Core Operating Segments	865.7			5,955.8			14.5	%
Closed Block	79.2			2,756.3
Corporate	(45.8		)	(737.8		)
Total	$	899.1		$	7,974.3		11.3	%
Year Ended December 31, 2013
Unum US	$	556.5		$	4,141.8		13.4	%
Unum UK	104.5			744.3			14.0	%
Colonial Life	184.4			1,122.6			16.4	%
Core Operating Segments	845.4			6,008.7			14.1	%
Closed Block	70.0			2,580.4
Corporate	(44.0		)	(870.4		)
Total	$	871.4		$	7,718.7		11.3	%

⁽³⁾Excludes unrealized gain on securities and net gain on cash flow hedges and is calculated using the stockholders' equity balances presented below.

Average allocated equity is computed as follows:

(in millions)	6/30/2015		3/31/2015		12/31/2014		6/30/2014		3/31/2014		12/31/2013		12/31/2012
Total Stockholders' Equity, As Reported	$	8,515.7	$	8,687.9	$	8,521.9	$	9,218.3	$	8,933.4	$	8,639.9	$	8,604.6
Net Unrealized Gain on Securities	112.1		414.3		290.3		501.2		325.3		135.7		873.5
Net Gain on Cash Flow Hedges	391.7		411.9		391.0		369.5		398.0		396.3		401.6
Total Stockholders' Equity, As Adjusted	$	8,011.9	$	7,861.7	$	7,840.6	$	8,347.6	$	8,210.1	$	8,107.9	$	7,329.5
	Three Months Ended		Six Months Ended		Twelve Months Ended		Three Months Ended		Six Months Ended		Twelve Months Ended
	6/30/2015				12/31/2014		6/30/2014				12/31/2013
Average Stockholders' Equity Excluding Net Unrealized Gain on Securities and Net Gain on Cash Flow Hedges	$	7,936.8	$	7,926.3	$	7,974.3	$	8,278.9	$	8,227.8	$	7,718.7

16. 4

Reconciliation of Non-GAAP Financial Measures - Continued

	Three Months Ended June 30												Six Months Ended June 30
	2015						2014						2015						2014
	(in millions)			per share *			(in millions)			per share *			(in millions)			per share *			(in millions)			per share *
After-tax Operating Income	$	222.6		$	0.89		$	231.7		$	0.90		$	447.4		$	1.78		$	454.3		$	1.75
Net Realized Investment Gain (Loss), Net of Tax	3.7			0.02			19.0			0.07			(6.3		)	(0.02		)	23.1			0.09
Non-operating Retirement-related Loss, Net of Tax	(2.0		)	(0.01		)	(0.9		)	—			(3.9		)	(0.02		)	(1.8		)	(0.01		)
Costs Related to Early Retirement of Debt, Net of Tax	—			—			(10.4		)	(0.04		)	—			—			(10.4		)	(0.04		)
Net Income	$	224.3		$	0.90		$	239.4		$	0.93		$	437.2		$	1.74		$	465.2		$	1.79

	Year Ended December 31
	2014						2013
	(in millions)			per share *			(in millions)			per share *
After-tax Operating Income	$	899.1		$	3.51		$	871.4		$	3.28
Net Realized Investment Gain, Net of Tax	12.8			0.05			3.9			0.02
Non-operating Retirement-related Loss, Net of Tax	(45.6		)	(0.18		)	(21.4		)	(0.08		)
Costs Related to Early Retirement of Debt, Net of Tax	(10.4		)	(0.04		)	—			—
LTC Reserve Increase, Net of Tax	(453.8		)	(1.77		)	—			—
UDB Reserve Increase, Net of Tax	—			—			(62.1		)	(0.24		)
Waiver Reserve Reduction, Net of Tax	—			—			55.2			0.21
Net Income	$	402.1		$	1.57		$	847.0		$	3.19
* Assuming Dilution

	June 30						December 31
(in millions)	2015			2014			2014			2013
Debt, As Reported	$	2,732.7		$	2,792.0		$	2,780.6		$	2,612.0
Excluding Non-recourse Debt	350.0			410.0			398.4			440.0
Debt, As Adjusted	$	2,382.7		$	2,382.0		$	2,382.2		$	2,172.0
Total Stockholders' Equity, As Reported	$	8,515.7		$	9,218.3		$	8,521.9		$	8,639.9
Excluding Net Unrealized Gain on Securities and Net Gain on Cash Flow Hedges	503.8			870.7			681.3			532.0
Excluding Northwind Capital	854.7			840.0			849.9			846.4
Equity, As Adjusted	7,157.2			7,507.6			6,990.7			7,261.5
Debt, As Adjusted	2,382.7			2,382.0			2,382.2			2,172.0
Total Capital, As Adjusted	$	9,539.9		$	9,889.6		$	9,372.9		$	9,433.5
Leverage Ratio	25.0		%	24.1		%	25.4		%	23.0		%

16. 5