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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Premium Income by Major Line of Business within Each Segment
Segment information is as follows:
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
2019
 
2018
 
2019
 
2018
 
(in millions of dollars)
Premium Income
 
 
 
 
 
 
 
Unum US
 
 
 
 
 
 
 
Group Disability
 
 
 
 
 
 
 
Group Long-term Disability
$
453.6

 
$
444.1

 
$
1,363.7

 
$
1,322.7

Group Short-term Disability
194.4

 
180.4

 
570.7

 
527.7

Group Life and Accidental Death & Dismemberment
 
 
 
 
 
 
 
Group Life
415.0

 
399.3

 
1,249.4

 
1,189.6

Accidental Death & Dismemberment
41.5

 
39.6

 
124.2

 
116.9

Supplemental and Voluntary
 
 
 
 
 
 
 
Individual Disability
109.2

 
109.5

 
328.4

 
319.1

Voluntary Benefits
226.2

 
222.3

 
689.2

 
676.0

Dental and Vision
62.0

 
51.0

 
182.7

 
149.3

 
1,501.9

 
1,446.2

 
4,508.3

 
4,301.3

Unum International
 
 
 
 
 
 
 
Group Long-term Disability
84.8

 
91.3

 
262.3

 
271.8

Group Life
27.9

 
27.1

 
83.9

 
83.6

Supplemental
39.6

 
19.6

 
118.7

 
61.1

 
152.3

 
138.0

 
464.9

 
416.5

Colonial Life
 
 
 
 
 
 
 
Accident, Sickness, and Disability
243.0

 
231.9

 
727.6

 
691.8

Life
86.7

 
81.4

 
262.6

 
243.9

Cancer and Critical Illness
90.2

 
86.7

 
269.9

 
258.0

 
419.9

 
400.0

 
1,260.1

 
1,193.7

Closed Block
 
 
 
 
 
 
 
Individual Disability
91.4

 
102.7

 
283.9

 
319.0

Long-term Care
163.6

 
163.0

 
489.2

 
485.8

All Other
2.1

 
1.9

 
6.6

 
6.5

 
257.1

 
267.6

 
779.7

 
811.3

Total Premium Income
$
2,331.2

 
$
2,251.8

 
$
7,013.0

 
$
6,722.8
Selected Operating Statement Data by Segment
 
Unum US
 
Unum International
 
Colonial Life
 
Closed Block
 
Corporate
 
Total
 
(in millions of dollars)
Three Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
1,501.9

 
$
152.3

 
$
419.9

 
$
257.1

 
$
—

 
$
2,331.2

Net Investment Income
184.2

 
24.3

 
36.9

 
347.3

 
6.7

 
599.4

Other Income
34.8

 
—

 
0.9

 
18.9

 
1.0

 
55.6

Adjusted Operating Revenue
$
1,720.9

 
$
176.6

 
$
457.7

 
$
623.3

 
$
7.7

 
$
2,986.2

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
261.4

 
$
24.2

 
$
87.2

 
$
26.9

 
$
(48.9
)
 
$
350.8

 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
1,446.2

 
$
138.0

 
$
400.0

 
$
267.6

 
$
—

 
$
2,251.8

Net Investment Income
200.3

 
26.4

 
36.7

 
348.0

 
7.8

 
619.2

Other Income
30.7

 
—

 
0.4

 
18.9

 
0.1

 
50.1

Adjusted Operating Revenue
$
1,677.2

 
$
164.4

 
$
437.1

 
$
634.5

 
$
7.9

 
$
2,921.1

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
270.9

 
$
26.1

 
$
84.2

 
$
32.2

 
$
(47.1
)
 
$
366.3


 
Unum US
 
Unum International
 
Colonial Life
 
Closed Block
 
Corporate
 
Total
 
(in millions of dollars)
Nine Months Ended September 30, 2019
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
4,508.3

 
$
464.9

 
$
1,260.1

 
$
779.7

 
$
—

 
$
7,013.0

Net Investment Income
550.4

 
93.9

 
111.0

 
1,048.3

 
15.4

 
1,819.0

Other Income
106.1

 
0.3

 
2.2

 
53.5

 
2.6

 
164.7

Adjusted Operating Revenue
$
5,164.8

 
$
559.1

 
$
1,373.3

 
$
1,881.5

 
$
18.0

 
$
8,996.7

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
768.0

 
$
84.0

 
$
256.8

 
$
91.6

 
$
(138.1
)
 
$
1,062.3


 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Premium Income
$
4,301.3

 
$
416.5

 
$
1,193.7

 
$
811.3

 
$
—

 
$
6,722.8

Net Investment Income
591.0

 
86.1

 
114.2

 
1,031.3

 
22.5

 
1,845.1

Other Income
88.5

 
—

 
1.0

 
56.8

 
1.6

 
147.9

Adjusted Operating Revenue
$
4,980.8

 
$
502.6

 
$
1,308.9

 
$
1,899.4

 
$
24.1

 
$
8,715.8

 
 
 
 
 
 
 
 
 
 
 
 
Adjusted Operating Income (Loss)
$
765.9

 
$
83.5

 
$
249.8

 
$
90.7

 
$
(122.9
)
 
$
1,067.0
Assets by Segment
 
September 30
 
December 31
 
2019
 
2018
 
(in millions of dollars)
Assets
 
 
 
Unum US
$
18,617.1

 
$
17,510.9

Unum International
3,713.5

 
3,426.8

Colonial Life
4,608.2

 
4,237.9

Closed Block
36,906.3

 
34,527.6

Corporate
3,110.6

 
2,172.4

Total Assets
$
66,955.7

 
$
61,875.6
Reconciliation of Total Revenue and Income (Loss) before Income Tax by Segment to Adjusted Operating Revenue and Adjusted Operating Income
A reconciliation of total revenue to "adjusted operating revenue" and income (loss) before income tax to "adjusted operating income" is as follows:
 
Three Months Ended September 30
 
Nine Months Ended September 30
 
2019
 
2018
 
2019
 
2018
 
(in millions of dollars)
Total Revenue
$
2,960.0

 
$
2,927.8

 
$
8,964.3

 
$
8,717.7

Excluding:
 
 
 
 
 
 
 
Net Realized Investment Gain (Loss)
(26.2
)
 
6.7

 
(32.4
)
 
1.9

Adjusted Operating Revenue
$
2,986.2

 
$
2,921.1

 
$
8,996.7

 
$
8,715.8

 
 
 
 
 
 
 
 
Income (Loss) Before Income Tax
$
299.4

 
$
(377.8
)
 
$
1,004.7

 
$
318.1

Excluding:
 
 
 
 
 
 
 
Net Realized Investment Gain (Loss)
(26.2
)
 
6.7

 
(32.4
)
 
1.9

Cost Related to Early Retirement of Debt
(25.2
)
 
—

 
(25.2
)
 
—

Long-term Care Reserve Increase
—

 
(750.8
)
 
—

 
(750.8
)
Adjusted Operating Income
$
350.8

 
$
366.3

 
$
1,062.3

 
$
1,067.0