XML 45 R28.htm IDEA: XBRL DOCUMENT v3.24.0.1
Schedule III Supplementary Insurance Information
 12 Months Ended
Dec. 31, 2023
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract]  
Supplementary Insurance Information, for Insurance Companies Disclosure
SCHEDULE III--SUPPLEMENTARY INSURANCE INFORMATION

Unum Group and Subsidiaries
SegmentDeferred Acquisition Costs
Future Policy Benefits
Policyholders' Account BalancesUnearned Premiums
(in millions of dollars)
December 31, 2023
Unum US$1,232.2 $9,419.1 $678.1 $54.6 
Unum International46.9 2,305.3 — 151.4 
Colonial Life1,435.4 1,997.8 869.8 44.5 
Closed Block— 26,287.2 4,119.8 129.7 
   Total$2,714.5 $40,009.4 $5,667.7 $380.2 
December 31, 2022
Unum US$1,185.1 $9,710.3 $679.7 $55.8 
Unum International37.0 2,063.3 — 130.4 
Colonial Life1,337.9 1,858.4 869.1 42.7 
Closed Block— 24,945.1 4,191.4 136.6 
   Total$2,560.0 $38,577.1 $5,740.2 $365.5 
SCHEDULE III--SUPPLEMENTARY INSURANCE INFORMATION (Continued)

Unum Group and Subsidiaries
SegmentPremium Income
Net Investment Income1
Policy Benefits Including Remeasurement Loss or Gain2
Amortization of Deferred Acquisition Costs
All Other Expenses3
Premiums Written4
(in millions of dollars)
December 31, 2023
Unum US$6,579.2 $639.9 $3,808.5 $267.6 $1,879.2 $4,634.3 
Unum International825.2 137.2 579.8 8.4 235.6 544.4 
Colonial Life1,726.1 153.5 798.1 205.4 396.5 1,221.8 
Closed Block915.5 1,066.3 2,070.7 — 246.5 904.2 
Corporate— 99.8 — — 249.5 — 
   Total$10,046.0 $2,096.7 $7,257.1 $481.4 $3,007.3 
December 31, 2022
Unum US$6,251.4 $676.3 $3,970.9 $240.9 $1,768.8 $4,335.7 
Unum International718.8 170.1 549.6 8.2 190.4 504.1 
Colonial Life1,702.0 152.7 826.1 172.0 389.6 1,221.8 
Closed Block944.3 1,070.6 1,648.0 — 248.0 936.8 
Corporate— 52.5 — — 221.6 — 
   Total$9,616.5 $2,122.2 $6,994.6 $421.1 $2,818.4 
December 31, 2021
Unum US$6,072.0 $721.6 $4,430.3 $285.9 $1,616.8 $4,168.9 
Unum International717.0 132.7 553.0 7.0 180.4 520.6 
Colonial Life1,690.2 172.0 911.7 159.2 364.5 1,223.3 
Closed Block995.8 1,159.0 1,658.4 — 274.7 983.0 
Corporate— 27.9 — — 305.3 — 
   Total$9,475.0 $2,213.2 $7,553.4 $452.1 $2,741.7 

1 Net investment income is allocated based upon segmentation. Each segment has its own specifically identified assets and receives the investment income generated by those assets.

2 Included in policy benefits including remeasurement loss or gain were the following:

•In 2023, reserve assumption updates resulting in a net decrease in policy benefits including remeasurement gain or loss in the Unum US and Colonial Life segments of $128.8 million and $80.7 million, respectively and a net increase in policy benefits including remeasurement gain or loss in the Unum International and Closed Block segments of $17.9 million and $368.8 million, respectively.
•In 2022, reserve assumption updates resulting in a net decrease in policy benefits including remeasurement gain or loss in the Unum US, Unum International, Colonial Life, and Closed Block segments of $170.8 million, $7.6 million, $55.2 million, and $9.7 million, respectively.
•In 2021, reserve assumption updates resulting in a net decrease in policy benefits including remeasurement gain or loss in the Unum US, Unum International, and Colonial Life segments of $231.7 million, $4.2 million, and $23.5 million, respectively and a net increase in policy benefits including remeasurement gain or loss in the Closed Block segment of $24.4 million.
•In 2023, 2022, and 2021 the impact of non-contemporaneous reinsurance of $34.8 million, $34.4 million, and $32.9 million respectively, in the Closed Block segment.
SCHEDULE III--SUPPLEMENTARY INSURANCE INFORMATION (Continued)

Unum Group and Subsidiaries

3 Includes commissions, interest and debt expense, deferral of acquisition costs, compensation expense, and other expenses. Where not directly attributable to a segment, expenses are generally allocated based on activity levels, time information, and usage statistics. Also included in all other expenses were the following:
•In 2023, 2022, and 2021 the amortization of the cost of reinsurance of $44.1 million, $50.3 million, and $69.8 million respectively, in the Closed Block segment.
•In 2021, an impairment loss of $12.1 million was recorded in our Corporate segment for previously capitalized internal-use software that we no longer plan to utilize.
•In 2021, costs related to early retirement of debt of $67.3 million in the Corporate segment.
•In 2021, transaction costs of $6.2 million related to the Closed Block individual disability reinsurance transaction.
•In 2021, a right-of-use asset impairment of $13.9 million related to one of our operating leases for office space that we do not plan to continue using to support general operations in the Corporate segment.

4 Excludes life insurance.