Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

Segment information is as follows:



	Year Ended December 31
	2016		2015		2014
	(in millions of dollars)
Premium Income
Unum US
Group Disability
Group Long-term Disability	$	1,726.6	$	1,644.7	$	1,553.5
Group Short-term Disability	626.1		607.4		558.1
Group Life and Accidental Death & Dismemberment
Group Life	1,410.0		1,347.4		1,262.3
Accidental Death & Dismemberment	140.3		131.7		125.9
Supplemental and Voluntary
Individual Disability	480.3		478.9		466.1
Voluntary Benefits	796.5		749.9		693.8
Dental and Vision	61.1		—		—
	5,240.9		4,960.0		4,659.7
Unum UK
Group Long-term Disability	355.2		397.4		418.9
Group Life	105.7		121.5		133.2
Supplemental	68.4		57.3		55.1
	529.3		576.2		607.2
Colonial Life
Accident, Sickness, and Disability	830.0		789.0		759.8
Life	273.8		252.4		231.8
Cancer and Critical Illness	313.3		297.2		282.1
	1,417.1		1,338.6		1,273.7
Closed Block
Individual Disability	521.9		572.4		624.8
Long-term Care	643.9		633.5		630.9
All Other	4.6		1.7		0.9
	1,170.4		1,207.6		1,256.6
Total Premium Income	$	8,357.7	$	8,082.4	$	7,797.2



	Unum US		Unum UK		Colonial Life		Closed Block		Corporate			Total
	(in millions of dollars)
Year Ended December 31, 2016

Premium Income	$	5,240.9	$	529.3	$	1,417.1	$	1,170.4	$	—		$	8,357.7
Net Investment Income	828.7		118.1		141.5		1,352.2		18.5			2,459.0
Other Income	113.3		0.2		1.2		86.0		4.9			205.6
Operating Revenue	$	6,182.9	$	647.6	$	1,559.8	$	2,608.6	$	23.4		$	11,022.3

Operating Income (Loss)	$	914.2	$	128.6	$	314.2	$	129.5	$	(146.7	)	$	1,339.8
Interest and Debt Expense	$	—	$	—	$	—	$	6.9	$	159.1		$	166.0
Depreciation and Amortization	$	353.0	$	16.4	$	222.9	$	6.9	$	1.0		$	600.2

Year Ended December 31, 2015

Premium Income	$	4,960.0	$	576.2	$	1,338.6	$	1,207.6	$	—		$	8,082.4
Net Investment Income	865.3		124.9		145.4		1,320.0		25.6			2,481.2
Other Income	119.2		—		0.1		89.3		2.9			211.5
Operating Revenue	$	5,944.5	$	701.1	$	1,484.1	$	2,616.9	$	28.5		$	10,775.1

Operating Income (Loss)	$	850.0	$	140.6	$	309.1	$	119.1	$	(124.8	)	$	1,294.0
Interest and Debt Expense	$	—	$	—	$	—	$	6.6	$	146.2		$	152.8
Depreciation and Amortization	$	347.0	$	18.0	$	214.6	$	6.6	$	0.9		$	587.1

Year Ended December 31, 2014

Premium Income	$	4,659.7	$	607.2	$	1,273.7	$	1,256.6	$	—		$	7,797.2
Net Investment Income	878.9		151.0		145.5		1,281.5		35.3			2,492.2
Other Income	122.1		—		0.1		91.8		5.0			219.0
Operating Revenue	$	5,660.7	$	758.2	$	1,419.3	$	2,629.9	$	40.3		$	10,508.4

Operating Income (Loss)	$	844.9	$	147.8	$	299.0	$	120.0	$	(104.4	)	$	1,307.3
Interest and Debt Expense Excluding Costs Related to Early Retirement of Debt	$	—	$	—	$	—	$	7.3	$	147.0		$	154.3
Depreciation and Amortization	$	314.2	$	19.2	$	194.1	$	5.9	$	1.0		$	534.4



							Colonial
	Unum US			Unum UK			Life			Total
	(in millions of dollars)
Deferred Acquisition Costs

Year Ended December 31, 2016
Beginning of Year	$	1,136.4		$	27.1		$	845.0		$	2,008.5
Capitalization	314.1			8.2			270.1			592.4
Amortization	(275.2		)	(9.7		)	(208.1		)	(493.0		)
Adjustment Related to Unrealized Investment Gains and Losses	1.2			—			(10.7		)	(9.5		)
Foreign Currency	—			(4.2		)	—			(4.2		)
End of Year	$	1,176.5		$	21.4		$	896.3		$	2,094.2

Year Ended December 31, 2015
Beginning of Year	$	1,096.5		$	30.4		$	774.4		$	1,901.3
Capitalization	307.3			9.6			252.8			569.7
Amortization	(272.3		)	(11.3		)	(198.7		)	(482.3		)
Adjustment Related to Unrealized Investment Gains and Losses	4.9			—			16.5			21.4
Foreign Currency	—			(1.6		)	—			(1.6		)
End of Year	$	1,136.4		$	27.1		$	845.0		$	2,008.5

Year Ended December 31, 2014
Beginning of Year	$	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 and Losses	0.4			—			(9.6		)	(9.2		)
Foreign Currency	—			(1.9		)	—			(1.9		)
End of Year	$	1,096.5		$	30.4		$	774.4		$	1,901.3

A reconciliation of total revenue to "operating revenue" and income before income tax to "operating income" is as follows:



	Year Ended December 31
	2016			2015			2014
	(in millions of dollars)
Total Revenue	$	11,046.5		$	10,731.3		$	10,524.5
Excluding:
Net Realized Investment Gain (Loss)	24.2			(43.8		)	16.1
Operating Revenue	$	11,022.3		$	10,775.1		$	10,508.4

Income Before Income Tax	$	1,347.7		$	1,238.3		$	542.0
Excluding:
Net Realized Investment Gain (Loss)	24.2			(43.8		)	16.1
Non-operating Retirement-related Loss	(16.3		)	(11.9		)	(70.0		)
Costs Related to Early Retirement of Debt for Corporate	—			—			(13.2		)
Long-term Care Reserve Increase for Closed Block	—			—			(698.2		)
Operating Income	$	1,339.8		$	1,294.0		$	1,307.3