XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.3
Accounting Developments (Details)
$ / shares in Units, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Sep. 30, 2023
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Sep. 30, 2022
USD ($)
$ / shares
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jun. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Jan. 01, 2021
USD ($)
Dec. 31, 2020
USD ($)
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest $ (3,150.6) $ (3,611.0) $ (3,611.0) $ (3,150.6) $ (3,611.0) $ (3,611.0) $ (3,457.6) $ (3,448.3) $ (3,809.5) $ (5,164.6) $ 4,166.0  
Deferred Acquisition Costs 2,668.7 2,526.5 2,526.5 2,668.7 2,526.5 2,526.5   2,560.0     2,357.7  
Reinsurance Recoverable 8,855.2 9,574.1 9,574.1 8,855.2 9,574.1 9,574.1   9,608.0        
Deferred Income Tax 617.1 601.2 601.2 617.1 601.2 601.2   586.0        
Other Assets 1,640.9 1,674.4 [1] 1,674.4 [1] 1,640.9 1,674.4 [1] 1,674.4 [1]   1,666.6        
Total Assets 59,954.5 60,377.9 60,377.9 59,954.5 60,377.9 60,377.9   61,148.5        
Policy and Contract Benefits   0.0 [2] 0.0 [2]   0.0 [2] 0.0 [2]   0.0 [3]        
Reserves for Future Policy and Contract Benefits   0.0 [2] 0.0 [2]   0.0 [2] 0.0 [2]   0.0 [3]        
Future Policy Benefits 36,502.4 37,808.0 [2] 37,808.0 [2] 36,502.4 37,808.0 [2] 37,808.0 [2]   38,577.1 [3]        
Policyholders' Account Balances 5,744.5 5,812.8 [2] 5,812.8 [2] 5,744.5 5,812.8 [2] 5,812.8 [2]   5,740.2 [3]        
Unearned Premiums 447.2 406.8 406.8 447.2 406.8 406.8   365.5        
Deferred Income Tax 27.1 20.9 20.9 27.1 20.9 20.9   25.2        
Liabilities 50,336.4 51,975.1 51,975.1 50,336.4 51,975.1 51,975.1   52,413.5        
Accumulated Other Comprehensive Loss (3,150.6) (3,611.0) (3,611.0) (3,150.6) (3,611.0) (3,611.0)   (3,448.3) (3,809.5) (5,164.6)    
Retained Earnings 13,888.7 12,917.9 12,917.9 13,888.7 12,917.9 12,917.9   13,141.3 12,473.7 11,989.4    
Stockholders' Equity Attributable to Parent 9,618.1 8,402.8 8,402.8 9,618.1 8,402.8 8,402.8   8,735.0        
Premium Income 2,525.9 2,388.9   7,494.3 7,206.3              
Policy Benefits 1,778.6 1,843.2   5,498.6 5,691.9              
Policy Benefits - Remeasurement Loss (Gain) 168.4 (341.7)   (61.6) (476.1)              
Amortization of Deferred Acquisition Costs 129.1 102.9   358.7 313.0              
Other Expenses 271.8 243.9   818.6 734.4              
Income Tax - Deferred (127.8) (25.6)   (123.5) (125.3)              
Net Income $ 202.0 $ 510.3   $ 953.2 $ 1,118.0              
Basic Earnings Per Share | $ / shares $ 1.03 $ 2.55   $ 4.83 $ 5.55              
Diluted Earnings Per Share | $ / shares $ 1.02 $ 2.53   $ 4.81 $ 5.52              
Change in Adjustment to Deferred Acquisition Costs and Reserves for Future Policy and Contract Benefits, Net of Reinsurance   $ 0.0     $ 0.0              
Change in the Effect of Discount Rate Assumptions on the Liability for Future Policy Benefits, Net of Reinsurance (net of tax expense of $445.0; $599.4; $368.2; $2,485.7) $ 1,688.4 2,222.9   $ 1,374.6 9,252.4              
Change in Foreign Currency Translation Adjustment (55.1) (71.5)   7.9 (164.9)              
Comprehensive Income (Loss) 509.0 708.8   1,250.9 2,671.6              
Other Comprehensive Income (Loss) 307.0 198.5   297.7 1,553.6              
Change in Receivables       455.9 457.9              
Deferred Policy Acquisition Cost       108.8 106.1              
Change in Insurance Liabilities       (169.3) (112.6)              
Change in Income Taxes       (26.9) 7.3              
Amortization of the Cost of Reinsurance       33.1 38.5              
Operating Segments                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 36,266.3 37,590.2 37,590.2 36,266.3 37,590.2 37,590.2         55,585.4  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 7,449.0 8,154.6 8,154.6 7,449.0 8,154.6 8,154.6         10,496.0 [4]  
Liability for Future Policy Benefit, after Reinsurance 28,817.3 29,435.6 29,435.6 28,817.3 29,435.6 29,435.6         45,089.4  
Deferred Acquisition Costs 2,668.7 2,526.5 2,526.5 2,668.7 2,526.5 2,526.5   2,560.0   2,427.4    
Future Policy Benefits 36,502.4 37,808.0 37,808.0 36,502.4 37,808.0 37,808.0            
Policyholders' Account Balances 5,744.5 5,812.8 5,812.8 5,744.5 5,812.8 5,812.8            
Premium Income 2,525.9 2,388.9   7,494.3 7,206.3              
Amortization of Deferred Acquisition Costs       358.7 313.0              
Unum US                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 8,930.0 9,601.9 9,601.9 8,930.0 9,601.9 9,601.9         12,861.4  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 200.3 255.9 255.9 200.3 255.9 255.9         357.7 [4]  
Liability for Future Policy Benefit, after Reinsurance 8,729.7 9,346.0 9,346.0 8,729.7 9,346.0 9,346.0         12,503.7  
Deferred Acquisition Costs 1,216.5 1,173.8 1,173.8 1,216.5 1,173.8 1,173.8   1,185.1   1,152.9 1,181.0  
Future Policy Benefits [5] 8,930.0 9,601.9 9,601.9 8,930.0 9,601.9 9,601.9            
Amortization of Deferred Acquisition Costs       199.2 178.5              
Unum US | Group Disability                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 5,053.4 5,570.5 5,570.5 5,053.4 5,570.5 5,570.5         7,295.7  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 32.8 36.8 36.8 32.8 36.8 36.8         58.3  
Liability for Future Policy Benefit, after Reinsurance 5,020.6 5,533.7 5,533.7 5,020.6 5,533.7 5,533.7         7,237.4  
Deferred Acquisition Costs 63.6 61.0 61.0 63.6 61.0 61.0   61.0   60.9    
Amortization of Deferred Acquisition Costs       42.1 38.0              
Unum US | Group Life and AD&D                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 905.5 937.0 937.0 905.5 937.0 937.0         1,127.3  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 6.2 6.0 6.0 6.2 6.0 6.0         3.0  
Liability for Future Policy Benefit, after Reinsurance 899.3 931.0 931.0 899.3 931.0 931.0         1,124.3  
Deferred Acquisition Costs 48.7 50.3 50.3 48.7 50.3 50.3   49.3   53.9    
Amortization of Deferred Acquisition Costs       29.5 30.5              
Unum US | Individual Disability                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 1,913.7 1,978.5 1,978.5 1,913.7 1,978.5 1,978.5         2,767.7  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 148.1 189.7 189.7 148.1 189.7 189.7         260.6  
Liability for Future Policy Benefit, after Reinsurance 1,765.6 1,788.8 1,788.8 1,765.6 1,788.8 1,788.8         2,507.1  
Deferred Acquisition Costs 486.8 455.9 455.9 486.8 455.9 455.9   464.4   441.8    
Amortization of Deferred Acquisition Costs       40.2 36.8              
Unum US | Voluntary Benefits                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 1,057.4 1,115.9 1,115.9 1,057.4 1,115.9 1,115.9         1,659.2  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 13.2 23.4 23.4 13.2 23.4 23.4         35.7  
Liability for Future Policy Benefit, after Reinsurance 1,044.2 1,092.5 1,092.5 1,044.2 1,092.5 1,092.5         1,623.5  
Deferred Acquisition Costs 606.7 598.0 598.0 606.7 598.0 598.0   601.0   588.6    
Policyholders' Account Balances 677.7 678.5 678.5 677.7 678.5 678.5            
Amortization of Deferred Acquisition Costs       79.5 66.6              
Unum US | Dental and Vision                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                     11.5  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance                     0.1  
Liability for Future Policy Benefit, after Reinsurance                     11.4  
Deferred Acquisition Costs 10.7 8.6 8.6 10.7 8.6 8.6   9.4   7.7    
Amortization of Deferred Acquisition Costs       7.9 6.6              
Unum US | Operating Segments                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Total Assets 15,088.5     15,088.5       16,356.3        
Premium Income 1,657.7 1,556.8   4,908.7 4,670.8              
Unum US | Operating Segments | Voluntary Benefits                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Premium Income 209.5 196.2   637.4 629.2              
Unum US | Operating Segments | Dental and Vision                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Premium Income 69.4 67.1   206.8 206.6              
Unum International                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 2,051.2 1,799.2 1,799.2 2,051.2 1,799.2 1,799.2         3,203.4  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 69.4 57.8 57.8 69.4 57.8 57.8         132.5 [4]  
Liability for Future Policy Benefit, after Reinsurance 1,981.8 1,741.4 1,741.4 1,981.8 1,741.4 1,741.4         3,070.9  
Deferred Acquisition Costs 41.6 32.6 32.6 41.6 32.6 32.6   37.0   36.4 32.0  
Future Policy Benefits 2,051.2 1,799.2 1,799.2 2,051.2 1,799.2 1,799.2            
Amortization of Deferred Acquisition Costs       6.1 6.1              
Unum International | Operating Segments                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Total Assets 3,165.9     3,165.9       3,129.4        
Premium Income 210.6 173.3   607.1 540.5              
Colonial Life                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 1,763.4 1,791.5 1,791.5 1,763.4 1,791.5 1,791.5         2,528.6  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 0.9 1.3 1.3 0.9 1.3 1.3         4.4 [4]  
Liability for Future Policy Benefit, after Reinsurance 1,762.5 1,790.2 1,790.2 1,762.5 1,790.2 1,790.2         2,524.2  
Deferred Acquisition Costs 1,410.6 1,320.1 1,320.1 1,410.6 1,320.1 1,320.1   1,337.9   1,238.1 1,144.7  
Future Policy Benefits 1,763.4 1,791.5 1,791.5 1,763.4 1,791.5 1,791.5            
Policyholders' Account Balances 868.5 868.4 868.4 868.5 868.4 868.4            
Amortization of Deferred Acquisition Costs       153.4 128.4              
Colonial Life | Operating Segments                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Total Assets 4,608.6     4,608.6       4,575.0        
Premium Income 431.2 423.3   1,291.3 1,281.6              
Closed Block                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 23,521.7 24,397.6 24,397.6 23,521.7 24,397.6 24,397.6         36,992.0  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 7,178.3 7,839.5 7,839.5 7,178.3 7,839.5 7,839.5         10,001.4 [4]  
Liability for Future Policy Benefit, after Reinsurance 16,343.4 16,558.1 16,558.1 16,343.4 16,558.1 16,558.1         26,990.6  
Future Policy Benefits [5] 23,521.7 24,397.6 24,397.6 23,521.7 24,397.6 24,397.6            
Closed Block | Long-term Care                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 14,372.7 14,401.8 14,401.8 14,372.7 14,401.8 14,401.8         22,740.9  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 4.6 5.3 5.3 4.6 5.3 5.3         44.4  
Liability for Future Policy Benefit, after Reinsurance 14,368.1 14,396.5 14,396.5 14,368.1 14,396.5 14,396.5         22,696.5  
Closed Block | Other Insurance Product Line                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other 9,149.0 9,995.8 9,995.8 9,149.0 9,995.8 9,995.8         14,251.1  
Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance 7,173.7 7,834.2 7,834.2 7,173.7 7,834.2 7,834.2         9,957.0  
Liability for Future Policy Benefit, after Reinsurance 1,975.3 2,161.6 2,161.6 1,975.3 2,161.6 2,161.6         4,294.1  
Policyholders' Account Balances 4,198.3 4,265.9 4,265.9 4,198.3 4,265.9 4,265.9            
Closed Block | Operating Segments                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Total Assets 33,070.4     33,070.4       33,776.6        
Premium Income 226.4 235.5   687.2 713.4              
Closed Block | Operating Segments | Long-term Care                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Premium Income 172.1 174.5   521.2 523.0              
Closed Block | Operating Segments | Other Insurance Product Line                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Premium Income 54.3 61.0   166.0 190.4              
Retained Earnings                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                     11,249.0  
Stockholders' Equity Attributable to Parent 13,888.7 12,917.9 12,917.9 13,888.7 12,917.9 12,917.9 13,758.1 13,141.3 12,473.7 11,989.4    
Net Income 202.0 510.3   953.2 1,118.0              
Accumulated Other Comprehensive Income (Loss)                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                     (6,310.2)  
Stockholders' Equity Attributable to Parent (3,150.6) (3,611.0) (3,611.0) (3,150.6) (3,611.0) (3,611.0) $ (3,457.6) (3,448.3) (3,809.5) (5,164.6)    
Other Comprehensive Income (Loss) $ 307.0 198.5   $ 297.7                
Previously Reported                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                       $ 10,871.0
Deferred Acquisition Costs   2,254.6 2,254.6   2,254.6 2,254.6   2,252.3       2,272.6
Reinsurance Recoverable   10,289.7 10,289.7   10,289.7 10,289.7   10,218.6        
Deferred Income Tax   523.1 523.1   523.1 523.1   449.8        
Other Assets   1,797.6 [1] 1,797.6 [1]   1,797.6 [1] 1,797.6 [1]   1,786.3        
Total Assets   60,866.7 60,866.7   60,866.7 60,866.7   61,434.9        
Policy and Contract Benefits   1,771.4 [2] 1,771.4 [2]   1,771.4 [2] 1,771.4 [2]   1,839.8 [3]        
Reserves for Future Policy and Contract Benefits   42,108.7 [2] 42,108.7 [2]   42,108.7 [2] 42,108.7 [2]   42,330.2 [3]        
Future Policy Benefits   0.0 [2] 0.0 [2]   0.0 [2] 0.0 [2]   0.0 [3]        
Policyholders' Account Balances   0.0 [2] 0.0 [2]   0.0 [2] 0.0 [2]   0.0 [3]        
Unearned Premiums   394.0 394.0   394.0 394.0   352.7        
Deferred Income Tax   6.5 6.5   6.5 6.5   9.2        
Liabilities   52,207.2 52,207.2   52,207.2 52,207.2   52,237.4        
Accumulated Other Comprehensive Loss   (3,134.7) (3,134.7)   (3,134.7) (3,134.7)   (2,756.6) (1,772.2) 354.1    
Retained Earnings   12,698.3 12,698.3   12,698.3 12,698.3   12,912.1 12,353.7 11,853.2    
Stockholders' Equity Attributable to Parent   8,659.5 $ 8,659.5   8,659.5 $ 8,659.5   9,197.5        
Premium Income   2,391.7     7,212.3              
Policy Benefits [6]   1,579.3     5,181.3              
Policy Benefits - Remeasurement Loss (Gain)   0.0     0.0              
Amortization of Deferred Acquisition Costs   150.8     449.5              
Other Expenses   247.3     744.4              
Income Tax - Deferred   (52.3)     (147.9)              
Net Income   410.7     1,034.6              
Basic Earnings Per Share | $ / shares     $ 2.05     $ 5.14            
Diluted Earnings Per Share | $ / shares     $ 2.04     $ 5.11            
Change in Adjustment to Deferred Acquisition Costs and Reserves for Future Policy and Contract Benefits, Net of Reinsurance   661.4     (7,500.7)              
Change in the Effect of Discount Rate Assumptions on the Liability for Future Policy Benefits, Net of Reinsurance (net of tax expense of $445.0; $599.4; $368.2; $2,485.7)   0.0     0.0              
Change in Foreign Currency Translation Adjustment   (71.1)     (164.1)              
Comprehensive Income (Loss)   (951.8)     (2,454.2)              
Other Comprehensive Income (Loss)   (1,362.5)     (3,488.8)              
Change in Receivables         437.8              
Deferred Policy Acquisition Cost         (30.4)              
Change in Insurance Liabilities         (125.5)              
Change in Income Taxes         (21.6)              
Amortization of the Cost of Reinsurance         48.5              
Previously Reported | Operating Segments                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other [7]                       45,704.4
Previously Reported | Unum US                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other [7]                       12,184.6
Deferred Acquisition Costs                       1,168.7
Previously Reported | Unum US | Group Disability                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                       7,409.0
Previously Reported | Unum US | Group Life and AD&D                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                       1,123.9
Previously Reported | Unum US | Individual Disability                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                       2,485.3
Previously Reported | Unum US | Voluntary Benefits                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                       1,154.9
Previously Reported | Unum US | Dental and Vision                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                       11.5
Previously Reported | Unum International                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other [7]                       2,969.8
Deferred Acquisition Costs                       32.0
Previously Reported | Colonial Life                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other [7]                       1,977.2
Deferred Acquisition Costs                       1,071.9
Previously Reported | Closed Block                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other [7]                       28,572.8
Previously Reported | Closed Block | Long-term Care                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                       16,283.4
Previously Reported | Closed Block | Other Insurance Product Line                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Liability for Future Policy Benefit, before Reinsurance, after Other                       12,289.4
Previously Reported | Retained Earnings                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                       11,269.6
Previously Reported | Accumulated Other Comprehensive Income (Loss)                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                       $ 374.2
Revision of Prior Period, Accounting Standards Update, Adjustment | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                     (6,705.0)  
Deferred Acquisition Costs   271.9 $ 271.9   271.9 $ 271.9   307.7        
Removal of Shadow Adjustments, DAC                     85.1  
Reinsurance Recoverable   (715.6) (715.6)   (715.6) (715.6)   (610.6)        
Deferred Income Tax   78.1 78.1   78.1 78.1   136.2        
Other Assets   (123.2) [1] (123.2) [1]   (123.2) [1] (123.2) [1]   (119.7)        
Total Assets   (488.8) (488.8)   (488.8) (488.8)   (286.4)        
Policy and Contract Benefits   (1,771.4) [2] (1,771.4) [2]   (1,771.4) [2] (1,771.4) [2]   (1,839.8) [3]        
Reserves for Future Policy and Contract Benefits   (42,108.7) [2] (42,108.7) [2]   (42,108.7) [2] (42,108.7) [2]   (42,330.2) [3]        
Future Policy Benefits   37,808.0 [2] 37,808.0 [2]   37,808.0 [2] 37,808.0 [2]   38,577.1 [3]        
Policyholders' Account Balances   5,812.8 [2] 5,812.8 [2]   5,812.8 [2] 5,812.8 [2]   5,740.2 [3]        
Unearned Premiums   12.8 12.8   12.8 12.8   12.8        
Deferred Income Tax   14.4 14.4   14.4 14.4   16.0        
Liabilities   (232.1) (232.1)   (232.1) (232.1)   176.1        
Accumulated Other Comprehensive Loss   (476.3) (476.3)   (476.3) (476.3)   (691.7) (2,037.3) (5,518.7)    
Retained Earnings   219.6 219.6   219.6 219.6   229.2 $ 120.0 $ 136.2    
Stockholders' Equity Attributable to Parent   (256.7) $ (256.7)   (256.7) $ (256.7)   $ (462.5)        
Premium Income   (2.8)     (6.0)              
Policy Benefits [6]   263.9     510.6              
Policy Benefits - Remeasurement Loss (Gain)   (341.7)     (476.1)              
Amortization of Deferred Acquisition Costs   (47.9)     (136.5)              
Other Expenses   (3.4)     (10.0)              
Income Tax - Deferred   26.7     22.6              
Net Income   99.6     83.4              
Basic Earnings Per Share | $ / shares     $ 0.50     $ 0.41            
Diluted Earnings Per Share | $ / shares     $ 0.49     $ 0.41            
Change in Adjustment to Deferred Acquisition Costs and Reserves for Future Policy and Contract Benefits, Net of Reinsurance   (661.4)     7,500.7              
Change in the Effect of Discount Rate Assumptions on the Liability for Future Policy Benefits, Net of Reinsurance (net of tax expense of $445.0; $599.4; $368.2; $2,485.7)   2,222.9     9,252.4              
Change in Foreign Currency Translation Adjustment   (0.4)     (0.8)              
Comprehensive Income (Loss)   1,660.6     5,125.8              
Other Comprehensive Income (Loss)   $ 1,561.0     5,042.4              
Change in Receivables         20.1              
Deferred Policy Acquisition Cost         136.5              
Change in Insurance Liabilities         12.9              
Change in Income Taxes         28.9              
Amortization of the Cost of Reinsurance         $ (10.0)              
Revision of Prior Period, Accounting Standards Update, Adjustment | Operating Segments | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB [8]                     (6,225.6)  
Adjustments for Loss Contracts [9]                     34.9  
Effect of Change in Discount Rate Assumptions                     16,084.6  
Other increase (decrease) [10]                     (12.9)  
Revision of Prior Period, Accounting Standards Update, Adjustment | Unum US | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB [8]                     (1,569.7)  
Adjustments for Loss Contracts [9]                     0.0  
Effect of Change in Discount Rate Assumptions                     2,251.8  
Other increase (decrease) [10]                     (5.3)  
Removal of Shadow Adjustments, DAC [11]                     12.3  
Revision of Prior Period, Accounting Standards Update, Adjustment | Unum US | Accounting Standards Update 2018-12 | Group Disability                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB                     (1,025.2)  
Effect of Change in Discount Rate Assumptions                     911.9  
Other increase (decrease)                     0.0  
Revision of Prior Period, Accounting Standards Update, Adjustment | Unum US | Accounting Standards Update 2018-12 | Group Life and AD&D                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB                     (88.5)  
Effect of Change in Discount Rate Assumptions                     91.9  
Other increase (decrease)                     0.0  
Revision of Prior Period, Accounting Standards Update, Adjustment | Unum US | Accounting Standards Update 2018-12 | Individual Disability                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB                     (446.1)  
Effect of Change in Discount Rate Assumptions                     728.5  
Other increase (decrease)                     0.0  
Revision of Prior Period, Accounting Standards Update, Adjustment | Unum US | Accounting Standards Update 2018-12 | Voluntary Benefits                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB                     (9.9)  
Effect of Change in Discount Rate Assumptions                     519.5  
Other increase (decrease)                     (5.3)  
Revision of Prior Period, Accounting Standards Update, Adjustment | Unum US | Accounting Standards Update 2018-12 | Dental and Vision                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB                     0.0  
Effect of Change in Discount Rate Assumptions                     0.0  
Other increase (decrease)                     0.0  
Revision of Prior Period, Accounting Standards Update, Adjustment | Unum International | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB [8]                     (545.8)  
Adjustments for Loss Contracts [9]                     0.0  
Effect of Change in Discount Rate Assumptions                     779.4  
Other increase (decrease) [10]                     0.0  
Removal of Shadow Adjustments, DAC                     0.0  
Revision of Prior Period, Accounting Standards Update, Adjustment | Colonial Life | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB [8]                     (44.5)  
Adjustments for Loss Contracts [9]                     34.9  
Effect of Change in Discount Rate Assumptions                     568.6  
Other increase (decrease) [10]                     (7.6)  
Removal of Shadow Adjustments, DAC                     72.8  
Revision of Prior Period, Accounting Standards Update, Adjustment | Closed Block | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB [8]                     (4,065.6)  
Adjustments for Loss Contracts [9]                     0.0  
Effect of Change in Discount Rate Assumptions                     12,484.8  
Other increase (decrease) [10]                     0.0  
Revision of Prior Period, Accounting Standards Update, Adjustment | Closed Block | Accounting Standards Update 2018-12 | Long-term Care                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB                     (3,465.4)  
Effect of Change in Discount Rate Assumptions                     9,922.9  
Revision of Prior Period, Accounting Standards Update, Adjustment | Closed Block | Accounting Standards Update 2018-12 | Other Insurance Product Line                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Removal of Shadow Adjustments, LFPB                     (600.2)  
Effect of Change in Discount Rate Assumptions                     2,561.9  
Revision of Prior Period, Accounting Standards Update, Adjustment | Retained Earnings | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                     (20.6)  
Revision of Prior Period, Accounting Standards Update, Adjustment | Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2018-12                        
Cumulative Effect on Opening Balance in Period of Adoption [Line Items]                        
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest                     $ (6,684.4)  
[1] 1The change in other assets is driven by the cost of reinsurance associated with the second phase of our Closed Block individual disability reinsurance transaction which was completed in the first quarter of 2021. In accordance with the provisions of the ASU related to non-contemporaneous reinsurance, we were then required to establish the ceded reserves using an upper-medium grade fixed-income instrument as of the reinsurance transaction date in March 2021 which resulted in higher ceded reserves compared to that which was reported historically.
[2] 2We previously reported policy and contract benefits and reserves for future policy and contract benefits liabilities in our consolidated balance sheet as of September 30, 2022 of $1,771.4 million and $42,108.7 million, respectively, resulting in total policyholder liabilities of $43,880.1 million. These balances were reclassified into new line items, future policy benefits and policyholders' account balances, which would have reported balances of $38,079.8 million and $5,800.3 million, respectively, as of September 30, 2022, resulting in total policyholder liabilities of $43,880.1 million under the historical accounting method.
[3] 1We previously reported policy and contract benefits and reserves for future policy and contract benefits liabilities in our consolidated balance sheet as of December 31, 2022 of $1,839.8 million and $42,330.2 million, respectively, resulting in total policyholder liabilities of $44,170.0 million. These balances were reclassified into new line items, future policy benefits and policyholders' account balances, which would have reported balances of $38,443.2 million and $5,726.8 million, respectively, as of December 31, 2022, resulting in total policyholder liabilities of $44,170.0 million under the historical accounting method.
[4] 5These amounts represent the portion of reinsurance recoverable related to the liability for future policy benefits. These amounts include the adjustments for the removal of shadow adjustments and for the effect of change in discount rate assumptions for the liability for future policy benefits ceded to third party reinsurers.
[5] 1Unum US excludes dental & vision and medical stop-loss product lines and Closed Block excludes our participating fund account, which represents policies issued by one of our subsidiaries prior to its 1986 conversion from a mutual stock life insurance company. The liabilities associated with these products are included within Other products.
[6] 1 Previously disclosed as Benefits and Change in Reserves for Future Benefits
[7] 1We previously reported policy and contract benefits and reserves for future policy and contract benefits liabilities in our consolidated balance sheet as of December 31, 2020 of $1,855.4 million and $49,653.0 million, respectively, resulting in total policyholder liabilities of $51,508.4 million. These balances were reclassified into new line items, future policy benefits and policyholders' account balances, which would have reported balances of $45,704.4 million and $5,804.0 million as of December 31, 2020, respectively, resulting in total policyholder liabilities of $51,508.4 million under the historical accounting method. These balances were reclassified to more closely align with the new disclosure requirements of ASU 2018-12.
[8] 2Shadow adjustments represent the adjustments related to unrealized investment gains and losses previously included in the reserves balance prior to the adoption of ASU 2018-12.
[9] 3Adjustment for loss contracts represents the adjustment for those cohorts whose net premium ratio exceeded 100 percent as of the transition date. For those cohorts, the net premiums were set equal to the gross premiums and the difference was recorded as a transition adjustment to the liability for future policy benefits.
[10] 4This amount reflects the effect of the reclassification of certain unearned premium. This amount was reclassified to more closely align with the presentation of liabilities under ASU 2018-12 and had no impact to stockholders' equity.
[11] 1The $12.3 million removal of shadow adjustments is related to the Unum US voluntary benefits product line.