Schedule II Condensed Finacial Information of Registrant

12 Months Ended

Dec. 31, 2022

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT

Unum Group (Parent Company)

BALANCE SHEETS


	December 31
	2022		2021
	(in millions of dollars)

Assets
Fixed Maturity Securities - at fair value (amortized cost: $748.1; $826.4)	$	657.7	$	820.8
Other Long-term Investments	19.3		10.3
Short-term Investments	845.8		629.5
Investment in Subsidiaries	11,278.2		13,711.1
Deferred Income Tax	114.9		144.5
Other Assets	555.5		508.1
Total Assets	$	13,471.4	$	15,824.3

Liabilities and Stockholders' Equity

Liabilities
Short-term Debt	$	2.0	$	—
Long-term Debt	3,427.8		3,442.2
Pension and Postretirement Benefits	352.6		507.1
Other Liabilities	491.5		458.6
Total Liabilities	4,273.9		4,407.9

Stockholders' Equity
Common Stock, $0.10 par
Authorized: 725,000,000 shares
Issued: 308,306,490 and 307,334,853 shares	30.8		30.7
Additional Paid-in Capital	2,441.0		2,408.1
Accumulated Other Comprehensive Income (Loss)	(2,756.6)		354.1
Retained Earnings	12,912.1		11,853.2
Treasury Stock - at cost: 110,551,977 and 104,820,670 shares	(3,429.8)		(3,229.7)
Total Stockholders' Equity	9,197.5		11,416.4

Total Liabilities and Stockholders' Equity	$	13,471.4	$	15,824.3

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

Unum Group (Parent Company)

STATEMENTS OF OPERATIONS


	Year Ended December 31
	2022		2021		2020
	(in millions of dollars)
Cash Dividends from Subsidiaries	$	1,306.6	$	909.8	$	974.6
Non-Cash Dividends from Subsidiaries	23.0		719.6		—
Other Income	81.8		53.5		51.7
Total Revenue	1,411.4		1,682.9		1,026.3

Interest and Debt Expense	188.5		185.9		187.1
Cost Related to Early Retirement of Debt	4.2		67.3		—
Other Expenses	35.6		39.1		51.1
Total Expenses	228.3		292.3		238.2

Income of Parent Company Before Income Tax	1,183.1		1,390.6		788.1
Income Tax Expense (Benefit)	14.7		(24.1)		(15.3)

Income of Parent Company	1,168.4		1,414.7		803.4
Equity in Undistributed Earnings (Loss) of Subsidiaries	145.8		(590.5)		(10.4)

Net Income	1,314.2		824.2		793.0

Other Comprehensive Income (Loss), Net of Tax	(3,110.7)		(20.1)		336.9

Comprehensive Income (Loss)	$	(1,796.5)	$	804.1	$	1,129.9

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

Unum Group (Parent Company)

STATEMENTS OF CASH FLOWS


	Year Ended December 31
	2022		2021		2020
	(in millions of dollars)
Cash Provided by Operating Activities	$	1,250.2	$	861.0	$	964.0

Cash Flows from Investing Activities

Proceeds from Sales and Maturities of Fixed Maturity Securities	192.1		245.5		138.8
Proceeds from Sales and Maturities of Other Investments	7.4		20.1		46.6
Purchase of Fixed Maturity Securities	(102.7)		(2.0)		(384.7)
Purchase of Other Investments	(32.0)		(0.9)		(22.0)
Net Sales (Purchases) of Short-term Investments	(209.6)		(465.0)		440.6
Cash Distributions to Subsidiaries	(540.2)		(300.9)		(965.5)
Net Purchases of Property and Equipment	(94.0)		(91.3)		(81.6)

Cash Used by Investing Activities	(779.0)		(594.5)		(827.8)

Cash Flows from Financing Activities
Short-term Debt Repayment	—		—		(400.0)

Issuance of Long-term Debt	349.2		588.1		494.1
Long-term Debt Repayment	(364.0)		(500.0)		—
Cost Related to Early Retirement of Debt	(3.6)		(62.8)		—
Issuance of Common Stock	4.0		3.4		4.4
Repurchase of Common Stock	(200.1)		(50.0)		—
Dividends Paid to Stockholders	(254.2)		(239.4)		(231.9)
Other, Net	0.7		(1.6)		(1.4)
Cash Used by Financing Activities	(468.0)		(262.3)		(134.8)

Increase in Cash	$	3.2	$	4.2	$	1.4