SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT

Unum Group (Parent Company)

BALANCE SHEETS



	December 31
	2017			2016
	(in millions of dollars)
Assets
Fixed Maturity Securities - at fair value (amortized cost: $153.9; $215.1)	$	154.1		$	214.2
Other Long-term Investments	16.8			49.0
Short-term Investments	477.8			377.9
Investment in Subsidiaries	12,157.1			11,340.7
Deferred Income Tax	121.5			210.7
Other Assets	455.4			473.9
Total Assets	$	13,382.7		$	12,666.4

Liabilities and Stockholders' Equity

Liabilities
Short-term Debt	$	199.9		$	—
Long-term Debt	2,538.4			2,735.9
Pension and Postretirement Benefits	683.3			638.3
Other Liabilities	386.2			324.2
Total Liabilities	3,807.8			3,698.4

Stockholders' Equity
Common Stock	30.5			30.4
Additional Paid-in Capital	2,303.3			2,272.8
Accumulated Other Comprehensive Income (Loss)	127.5			(51.0		)
Retained Earnings	9,542.2			8,744.0
Treasury Stock	(2,428.6		)	(2,028.2		)
Total Stockholders' Equity	9,574.9			8,968.0

Total Liabilities and Stockholders' Equity	$	13,382.7		$	12,666.4

See notes to condensed financial information.

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)

Unum Group (Parent Company)

STATEMENTS OF INCOME



	Year Ended December 31
	2017		2016			2015
	(in millions of dollars)
Cash Dividends from Subsidiaries	$	830.2	$	676.5		$	671.8
Other Income	66.6		58.4			52.8
Total Revenue	896.8		734.9			724.6

Interest and Debt Expense	154.2		160.1			137.5
Other Expenses	37.1		32.3			16.7
Total Expenses	191.3		192.4			154.2

Income of Parent Company Before Income Tax	705.5		542.5			570.4
Income Tax Expense (Benefit)	115.3		(20.2		)	(16.2		)

Income of Parent Company	590.2		562.7			586.6
Equity in Undistributed Earnings of Subsidiaries	404.0		368.7			280.5

Net Income	994.2		931.4			867.1

Other Comprehensive Income (Loss), Net of Tax	178.5		(67.1		)	(150.3		)

Comprehensive Income	$	1,172.7	$	864.3		$	716.8

See notes to condensed financial information.

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)

Unum Group (Parent Company)

STATEMENTS OF CASH FLOWS



	Year Ended December 31
	2017			2016			2015
	(in millions of dollars)
Cash Provided by Operating Activities	$	740.6		$	685.4		$	672.2

Cash Flows from Investing Activities
Proceeds from Sales of Fixed Maturity Securities	—			2.6			7.8
Proceeds from Maturities of Fixed Maturity Securities	194.3			111.2			112.2
Proceeds from Sales and Maturities of Other Investments	35.2			0.4			26.4
Purchase of Fixed Maturity Securities	(121.2		)	(56.5		)	(233.7		)
Purchase of Other Investments	—			(23.3		)	—
Net Sales (Purchases) of Short-term Investments	(99.9		)	(89.8		)	38.1
Cash Distributions to Subsidiaries	(79.5		)	(143.6		)	(231.0		)
Net Purchases of Property and Equipment	(83.3		)	(55.5		)	(78.9		)
Acquisition of Business	—			(140.3		)	—
Other, Net	—			0.2			0.1
Cash Used by Investing Activities	(154.4		)	(394.6		)	(359.0		)

Cash Flows from Financing Activities
Issuance of Long-term Debt	—			609.1			271.4
Long-term Debt Repayment	—			(350.0		)	—
Issuance of Common Stock	10.8			8.5			6.4
Repurchase of Common Stock	(401.8		)	(405.2		)	(417.9		)
Dividends Paid to Stockholders	(196.0		)	(182.6		)	(174.2		)
Other, Net	0.2			(1.0		)	2.9
Cash Used by Financing Activities	(586.8		)	(321.2		)	(311.4		)

Increase (Decrease) in Cash	$	(0.6	)	$	(30.4	)	$	1.8

See notes to condensed financial information.

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)

Unum Group (Parent Company)

NOTES TO CONDENSED FINANCIAL INFORMATION

Note 1 - Basis of Presentation

The accompanying condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto of Unum Group and subsidiaries.

Note 2 - Debt

Debt consists of the following:



			December 31
			2017			2016
	Interest Rates	Maturities	(in millions of dollars)
Long-term Debt
Outstanding Principal
Senior Notes issued 1998	7.000%	2018	$	—		$	200.0
Senior Notes issued 1998	6.750 - 7.250%	2028	365.8			365.8
Senior Notes issued 2002	7.375%	2032	39.5			39.5
Senior Notes issued 2010	5.625%	2020	400.0			400.0
Senior Notes issued 2012 and 2016	5.750%	2042	500.0			500.0
Senior Notes issued 2014	4.000%	2024	350.0			350.0
Senior Notes issued 2015	3.875%	2025	275.0			275.0
Senior Notes issued 2016	3.000%	2021	350.0			350.0
Medium-term Notes issued 1990 - 1996	7.000 - 7.190%	2023 - 2028	50.8			50.8
Junior Subordinated Debt Securities issued 1998	7.405%	2038	226.5			226.5
Fair Value Hedge Adjustment			(4.5		)	(3.1		)
Less:
Unamortized Net Premium			9.7			9.8
Unamortized Debt Issuance Costs			(24.4		)	(28.4		)
Total Long-term Debt			2,538.4			2,735.9

Short-term Debt
Outstanding Principal
Senior Notes issued 1998	7.000%	2018	200.0			—
Less Unamortized Debt Issuance Costs			(0.1		)	—
Total Short-term Debt			199.9			—

Total Debt			$	2,738.3		$	2,735.9

The senior notes due 2018 and the medium-term notes are non-callable. The junior subordinated debt securities are callable under limited, specified circumstances. The remaining debt is callable and may be redeemed, in whole or in part, at any time. The aggregate contractual principal maturities are $200.0 million in 2018, $400.0 million in 2020, $350.0 million in 2021, and $1,807.6 million thereafter.

Fair Value Hedges

As of December 31, 2017 and 2016, we had $250.0 million notional amount of an interest rate swap which effectively converts certain of our unsecured senior notes into floating rate debt. Under this agreement, we receive a fixed rate of interest and pay a variable rate of interest, based off of the three-month LIBOR.

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)

Unum Group (Parent Company)

NOTES TO CONDENSED FINANCIAL INFORMATION - CONTINUED

Junior Subordinated Debt Securities

In 1998, Provident Financing Trust I (the trust), a 100 percent-owned finance subsidiary of Unum Group, issued $300.0 million of 7.405% capital securities in a public offering. These capital securities are fully and unconditionally guaranteed by Unum Group, have a liquidation value of $1,000 per capital security, and have a mandatory redemption feature under certain circumstances. Unum Group issued 7.405% junior subordinated deferrable interest debentures to the trust in connection with the capital securities offering. The debentures mature in 2038. The sole assets of the trust are the junior subordinated debt securities.

Interest Paid

Interest paid on debt and related securities during 2017, 2016, and 2015 was $148.7 million, $147.8 million, and $130.9 million, respectively.

Credit Facility

In 2016, we amended the terms of our five-year, $400.0 million unsecured revolving credit facility, which was previously set to expire in 2018, to extend through March 2021. Under the terms of the agreement, we may request that the credit facility be increased up to $600.0 million. Borrowings under the credit facility are for general corporate uses and are subject to financial covenants, negative covenants, and events of default that are customary. The credit facility provides for borrowing at an interest rate based either on the prime rate or LIBOR. In addition, the credit facility provides for the issuance of letters of credit subject to certain terms and limitations. At December 31, 2017 and 2016, letters of credit totaling $2.1 million had been issued from the credit facility, but there were no borrowed amounts outstanding.

Note 3 - Guarantees

In 2005, UnumProvident Finance Company plc, a wholly-owned subsidiary of Unum Group, issued $400.0 million of 6.85% senior debentures. The remaining balance on these debentures, which we had fully and unconditionally guaranteed, matured in 2015.