XML 40 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Premium Income by Major Line of Business within Each Segment
Segment information is as follows:
 
Three Months Ended June 30
 
Six Months Ended June 30
 
2018
 
2017
 
2018
 
2017
 
(in millions of dollars)
Premium Income
 
 
 
 
 
 
 
Unum US
 
 
 
 
 
 
 
Group Disability
 
 
 
 
 
 
 
Group Long-term Disability
$
437.4

 
$
437.7

 
$
878.6

 
$
872.1

Group Short-term Disability
171.0

 
158.3

 
347.3

 
316.2

Group Life and Accidental Death & Dismemberment
 
 
 
 
 
 
 
Group Life
391.1

 
363.9

 
790.3

 
731.7

Accidental Death & Dismemberment
38.6

 
36.7

 
77.3

 
73.3

Supplemental and Voluntary
 
 
 
 
 
 
 
Individual Disability
104.7

 
106.7

 
209.6

 
213.7

Voluntary Benefits
223.9

 
213.2

 
453.7

 
428.4

Dental and Vision
49.6

 
41.2

 
98.3

 
82.7

 
1,416.3

 
1,357.7

 
2,855.1

 
2,718.1

Unum UK
 
 
 
 
 
 
 
Group Long-term Disability
89.7

 
83.8

 
180.5

 
164.6

Group Life
27.9

 
25.4

 
56.5

 
50.2

Supplemental
21.3

 
17.6

 
41.5

 
33.3

 
138.9

 
126.8

 
278.5

 
248.1

Colonial Life
 
 
 
 
 
 
 
Accident, Sickness, and Disability
228.6

 
220.1

 
459.9

 
439.2

Life
81.5

 
75.0

 
162.5

 
149.2

Cancer and Critical Illness
85.3

 
81.2

 
171.3

 
162.2

 
395.4

 
376.3

 
793.7

 
750.6

Closed Block
 
 
 
 
 
 
 
Individual Disability
106.9

 
118.5

 
216.3

 
239.8

Long-term Care
161.5

 
160.9

 
322.8

 
324.0

All Other
2.0

 
2.0

 
4.6

 
4.5

 
270.4

 
281.4

 
543.7

 
568.3

Total Premium Income
$
2,221.0

 
$
2,142.2

 
$
4,471.0

 
$
4,285.1
Selected Operating Statement Data by Segment
 
Unum US
 
Unum UK
 
Colonial Life
 
Closed Block
 
Corporate
 
Total
 
(in millions of dollars)
Three Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
1,416.3

 
$
138.9

 
$
395.4

 
$
270.4

 
$
—

 
$
2,221.0

Net Investment Income
196.5

 
32.1

 
40.2

 
345.6

 
9.2

 
623.6

Other Income
28.8

 
—

 
0.3

 
18.9

 
0.3

 
48.3

Adjusted Operating Revenue
$
1,641.6

 
$
171.0

 
$
435.9

 
$
634.9

 
$
9.5

 
$
2,892.9

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
251.1

 
$
27.6

 
$
84.6

 
$
29.6

 
$
(35.5
)
 
$
357.4

 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
1,357.7

 
$
126.8

 
$
376.3

 
$
281.4

 
$
—

 
$
2,142.2

Net Investment Income
205.6

 
33.2

 
36.7

 
340.0

 
5.0

 
620.5

Other Income
30.1

 
—

 
0.2

 
20.2

 
0.7

 
51.2

Adjusted Operating Revenue
$
1,593.4

 
$
160.0

 
$
413.2

 
$
641.6

 
$
5.7

 
$
2,813.9

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
247.8

 
$
28.9

 
$
81.8

 
$
32.6

 
$
(37.6
)
 
$
353.5


 
Unum US
 
Unum UK
 
Colonial Life
 
Closed Block
 
Corporate
 
Total
 
(in millions of dollars)
Six Months Ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
2,855.1

 
$
278.5

 
$
793.7

 
$
543.7

 
$
—

 
$
4,471.0

Net Investment Income
390.7

 
59.7

 
77.5

 
683.3

 
14.7

 
1,225.9

Other Income
57.8

 
—

 
0.6

 
37.9

 
1.5

 
97.8

Adjusted Operating Revenue
$
3,303.6

 
$
338.2

 
$
871.8

 
$
1,264.9

 
$
16.2

 
$
5,794.7

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
495.0

 
$
57.4

 
$
165.6

 
$
58.5

 
$
(75.8
)
 
$
700.7

 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
2,718.1

 
$
248.1

 
$
750.6

 
$
568.3

 
$
—

 
$
4,285.1

Net Investment Income
408.1

 
59.8

 
71.8

 
675.3

 
7.9

 
1,222.9

Other Income
58.8

 
—

 
0.5

 
41.0

 
1.1

 
101.4

Adjusted Operating Revenue
$
3,185.0

 
$
307.9

 
$
822.9

 
$
1,284.6

 
$
9.0

 
$
5,609.4

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
486.9

 
$
55.5

 
$
164.2

 
$
64.2

 
$
(77.4
)
 
$
693.4
Assets by Segment
 
June 30
 
December 31
 
2018
 
2017
 
(in millions of dollars)
Assets
 
 
 
Unum US
$
17,641.1

 
$
18,109.1

Unum UK
3,344.4

 
3,428.1

Colonial Life
4,264.6

 
4,184.1

Closed Block
34,063.4

 
35,051.2

Corporate
3,053.1

 
3,240.6

Total Assets
$
62,366.6

 
$
64,013.1
Reconciliation of Total Revenue and Income before Income Tax by Segment to Adjusted Operating Revenue and Adjusted Operating Income
A reconciliation of total revenue to "adjusted operating revenue" and income before income tax to "adjusted operating income" is as follows:
 
Three Months Ended June 30
 
Six Months Ended June 30
 
2018
 
2017
 
2018
 
2017
 
(in millions of dollars)
Total Revenue
$
2,890.3

 
$
2,822.0

 
$
5,789.9

 
$
5,628.5

Excluding:
 
 
 
 
 
 
 
Net Realized Investment Gain (Loss)
(2.6
)
 
8.1

 
(4.8
)
 
19.1

Adjusted Operating Revenue
$
2,892.9

 
$
2,813.9

 
$
5,794.7

 
$
5,609.4

 
 
 
 
 
 
 
 
Income Before Income Tax
$
354.8

 
$
361.6

 
$
695.9

 
$
691.9

Excluding:
 
 
 
 
 
 
 
Net Realized Investment Gain (Loss)
(2.6
)
 
8.1

 
(4.8
)
 
19.1

Loss from Guaranty Fund Assessment
—

 
—

 
—

 
(20.6
)
Adjusted Operating Income
$
357.4

 
$
353.5

 
$
700.7

 
$
693.4