how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
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The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
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what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
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Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)
unum group _10/17/05
1. Statistical Supplement
Pro Forma Second Quarter 2005
to Reflect New Segment Reporting
Implemented in Third Quarter 2005
Smart Service. Great Ideas. SM
www.unumprovident.com
2. UnumProvident
Statistical Supplement Second Quarter 2005
Pro Forma to Reflect New Segment Reporting Implemented in Third Quarter 2005
TABLE OF CONTENTS
(dollars in millions, except share data)
Interim Results are Unaudited
Page
Financial Highlights 1
Consolidated Statements of Operations 2
Financial Sales Data 3
Consolidated Balance Sheets 4
Financial Results by Segment 5
Quarterly Historical Financial Results by Segment 6
Financial Results and Selected Statistics by Segment
U.S. Brokerage 7
Unum Limited 8
Colonial 9
Individual Income Protection - Closed Block 10
Other 11
Corporate 12
Investment Fact Sheets 13
Statutory Capital and Surplus and Results 14
Notes to Statistical Supplement 15
Throughout this supplement, operating revenue and operating income (loss) before income taxes exclude realized investment gains
and losses.
N.M. = not a meaningful percentage
3. UnumProvident Financial Highlights
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Financial Results
Premium Income $ 1,940.0 $ 1,956.8 $ 3,875.0 $ 3,913.0 $ 7,839.6 $ 7,615.7 $ 7,151.1
Segment Operating Revenue $ 2,591.2 $ 2,595.8 $ 5,166.3 $ 5,194.1 $ 10,435.7 $ 10,165.4 $ 9,568.2
Net Realized Investment Gain (Loss) 65.5 (86.5) 62.3 (61.1) 29.2 (173.8) (309.1)
Revenue $ 2,656.7 $ 2,509.3 $ 5,228.6 $ 5,133.0 $ 10,464.9 $ 9,991.6 $ 9,259.1
Income (Loss) from Continuing Operations Before Cumulative
Effect of Accounting Principle Change $ 171.3 $ 75.0 $ 323.5 $ (494.3) $ (192.2) $ (264.6) $ 396.9
Income (Loss) from Discontinued Operations, net of tax - (67.8) - (60.8) (60.8) (161.7) 11.4
Cumulative Effect of Accounting Principle Change, net of tax - - - - - 39.9 (7.1)
Net Income (Loss) $ 171.3 $ 7.2 $ 323.5 $ (555.1) $ (253.0) $ (386.4) $ 401.2
Assets $ 52,430.4 $ 48,503.7 $ 50,832.3 $ 49,718.3 $ 45,259.5
Stockholders' Equity $ 7,854.6 $ 6,226.4 $ 7,224.1 $ 7,271.0 $ 6,843.2
Included in the six months and full year 2004 net loss is an after-tax charge of $701.0 million related to the restructuring of the individual income protection - closed block business.
Note:
Also included in the full year 2004 net loss is an after-tax charge of $87.8 million related to the settlement of the multistate market conduct examination. Included in the 2003 net
loss is an after-tax charge of $581.1 million related to group income protection reserve strengthening.
See quot;Notes to Statistical Supplementquot; on page 15 for additional information.
1
4. UnumProvident Financial Highlights
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Per Common Share Information
Assuming Dilution:
Income (Loss) from Continuing Operations Before
Cumulative Effect of Accounting Principle Change $ 0.55 $ 0.25 $ 1.05 $ (1.67) $ (0.65) $ (0.96) $ 1.63
Income (Loss) from Discontinued Operations, net of tax - (0.23) - (0.21) (0.21) (0.58) 0.05
Cumulative Effect of Accounting Principle Change, net of tax - - - - - 0.14 (0.03)
Net Income (Loss) $ 0.55 $ 0.02 $ 1.05 $ (1.88) $ (0.86) $ (1.40) $ 1.65
Basic:
Income (Loss) from Continuing Operations Before
Cumulative Effect of Accounting Principle Change $ 0.58 $ 0.25 $ 1.09 $ (1.67) $ (0.65) $ (0.96) $ 1.64
Income (Loss) from Discontinued Operations, net of tax - (0.23) - (0.21) (0.21) (0.58) 0.05
Cumulative Effect of Accounting Principle Change, net of tax - - - - - 0.14 (0.03)
Net Income (Loss) $ 0.58 $ 0.02 $ 1.09 $ (1.88) $ (0.86) $ (1.40) $ 1.66
Dividends Paid $ 0.0750 $ 0.0750 $ 0.1500 $ 0.1500 $ 0.3000 $ 0.3725 $ 0.5900
Book Value $ 26.37 $ 21.01 $ 24.36 $ 24.55 $ 28.33
Price (UNM closing price on last trading day of period) $ 18.32 $ 15.90 $ 17.94 $ 15.77 $ 17.54
1.1
5. UnumProvident Consolidated Statements of Operations
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Revenue
Premium Income $ 1,940.0 $ 1,956.8 $ 3,875.0 $ 3,913.0 $ 7,839.6 $ 7,615.7 $ 7,151.1
Net Investment Income 548.2 532.9 1,076.2 1,067.0 2,158.7 2,158.4 2,028.9
Net Realized Investment Gain (Loss) 65.5 (86.5) 62.3 (61.1) 29.2 (173.8) (309.1)
Other Income 103.0 106.1 215.1 214.1 437.4 391.3 388.2
Total Revenue 2,656.7 2,509.3 5,228.6 5,133.0 10,464.9 9,991.6 9,259.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 1,730.6 1,756.8 3,468.5 3,636.1 7,248.4 7,868.1 6,324.8
Commissions 210.2 212.4 417.9 433.7 842.3 844.1 820.2
Interest and Debt Expense 52.9 51.5 105.7 100.7 207.1 187.2 162.4
Deferral of Policy Acquisition Costs (145.0) (146.1) (282.6) (294.4) (557.3) (665.9) (671.4)
Amortization of Deferred Policy Acquisition Costs 121.1 109.6 236.9 218.2 436.7 458.6 398.9
Amortization of Value of Business Acquired 3.9 5.2 8.0 9.1 15.8 37.5 39.0
Impairment of Intangible Assets - - - 856.4 856.4 - -
Other Operating Expenses 417.2 407.8 826.8 831.3 1,675.0 1,697.2 1,592.0
Total Benefits and Expenses 2,390.9 2,397.2 4,781.2 5,791.1 10,724.4 10,426.8 8,665.9
Income (Loss) from Continuing Operations Before
Income Taxes and Cumulative Effect of
Accounting Principle Change 265.8 112.1 447.4 (658.1) (259.5) (435.2) 593.2
Income Taxes (Benefit) 94.5 37.1 123.9 (163.8) (67.3) (170.6) 196.3
Income (Loss) from Continuing Operations Before
Cumulative Effect of Accounting
Principle Change 171.3 75.0 323.5 (494.3) (192.2) (264.6) 396.9
Income (Loss) from Discontinued
Operations, net of tax - (67.8) - (60.8) (60.8) (161.7) 11.4
Cumulative Effect of Accounting Principle
Change, net of tax - - - - - 39.9 (7.1)
Net Income (Loss) $ 171.3 $ 7.2 $ 323.5 $ (555.1) $ (253.0) $ (386.4) $ 401.2
Average Number of Shares Outstanding
Basic 295,606,363 295,161,255 295,558,629 295,092,304 295,224,305 276,132,176 242,032,884
Dilutive Securities:
Purchase Contracts (see page 15) 10,848,872 4,870,191 10,570,503 - - - -
Options and Other Dilutive Securities 2,653,061 1,446,758 2,236,114 - - - 1,037,230
Assuming Dilution 309,108,296 301,478,204 308,365,246 295,092,304 295,224,305 276,132,176 243,070,114
Actual Number of Shares Outstanding 297,886,901 296,405,532 296,545,913 296,143,422 241,587,260
2
14. UnumProvident Quarterly Historical Financial Results by Segment
6/30/05 3/31/05 12/31/04 9/30/04 6/30/04 3/31/04 12/31/03 9/30/03 6/30/03
Benefits and Expenses
U.S. Brokerage $ 1,481.5 $ 1,479.7 $ 1,617.7 $ 1,494.8 $ 1,505.7 $ 1,523.5 $ 1,958.6 $ 1,511.1 $ 1,482.6
Unum Limited 191.3 180.9 168.2 167.8 164.8 149.7 132.6 121.0 121.3
Colonial 176.3 175.9 174.6 171.0 169.0 167.6 165.2 158.8 158.7
Individual Income Protection - Closed Block 414.6 423.5 436.3 427.3 429.3 1,415.9 445.0 481.1 489.4
Other 73.0 73.7 79.1 83.4 73.0 86.0 84.4 81.0 86.8
Corporate 54.2 56.6 57.9 55.2 55.4 51.2 56.3 55.6 53.0
2,390.9 2,390.3 2,533.8 2,399.5 2,397.2 3,393.9 2,842.1 2,408.6 2,391.8
Income (Loss) from Continuing
Operations Before Income Taxes,
Net Realized Investment Gain (Loss),
and Cumulative Effect of Accounting
Principle Change
U.S. Brokerage 111.4 100.5 15.7 113.5 113.6 92.7 (341.6) 122.5 127.2
Unum Limited 41.3 47.3 46.7 38.1 31.7 34.8 32.1 27.6 29.6
Colonial 43.6 43.8 40.0 39.6 39.4 36.6 37.6 38.5 35.4
Individual Income Protection - Closed Block 27.7 23.1 37.8 33.2 30.0 (923.8) 22.2 19.2 5.3
Other 13.9 9.3 8.3 11.7 14.6 10.8 1.9 13.0 11.6
Corporate (37.6) (39.2) (31.5) (44.8) (30.7) (46.7) (46.6) (47.3) (45.2)
200.3 184.8 117.0 191.3 198.6 (795.6) (294.4) 173.5 163.9
Income Taxes (Benefit) 71.6 30.5 (0.7) 65.5 67.7 (210.2) (110.3) 58.7 52.5
Income (Loss) from Continuing
Operations Before Net Realized
Investment Gain (Loss) and Cumulative
Effect of Accounting Principle Change 128.7 154.3 117.7 125.8 130.9 (585.4) (184.1) 114.8 111.4
Net Realized Investment Gain (Loss) 65.5 (3.2) 25.8 64.5 (86.5) 25.4 (36.4) (25.8) (26.5)
Tax Expense (Benefit) on Net Realized
Investment Gain (Loss) 22.9 (1.1) 9.0 22.7 (30.6) 9.3 (12.5) (9.3) (9.2)
Income (Loss) from Discontinued
Operations, net of tax - - - - (67.8) 7.0 (179.1) 10.4 4.4
Cumulative Effect of Accounting
Principle Change, net of tax - - - - - - 39.9 - -
Net Income (Loss) $ 171.3 $ 152.2 $ 134.5 $ 167.6 $ 7.2 $ (562.3) $ (347.2) $ 108.7 $ 98.5
Per Common Share - Assuming Dilution
Income (Loss) from Continuing Operations
Before Cumulative Effect of Accounting
Principle Change $ 0.55 $ 0.49 $ 0.45 $ 0.55 $ 0.25 $ (1.93) $ (0.71) $ 0.33 $ 0.34
Income (Loss) from Discontinued
Operations, net of tax - - - - (0.23) 0.02 (0.61) 0.03 0.02
Cumulative Effect of Accounting Principle
Change, net of tax - - - - - - 0.14 - -
Net Income (Loss) $ 0.55 $ 0.49 $ 0.45 $ 0.55 $ 0.02 $ (1.91) $ (1.18) $ 0.36 $ 0.36
Note: See quot;Notes to Statistical Supplementquot; on page 15 for information.
6.1
15. UnumProvident Financial Results for U.S. Brokerage Segment
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income $ 1,317.3 $ 1,359.5 $ 2,626.5 $ 2,723.9 $ 5,421.6 $ 5,382.4 $ 5,056.7
Net Investment Income 250.4 238.1 494.4 467.8 965.8 974.0 895.1
Other Income 25.2 21.7 52.2 43.8 89.8 70.6 46.6
Total Operating Revenue 1,592.9 1,619.3 3,173.1 3,235.5 6,477.2 6,427.0 5,998.4
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 1,099.4 1,134.7 2,199.3 2,271.7 4,614.4 5,437.5 4,031.5
Commissions 138.5 136.1 270.6 278.4 538.3 548.8 535.1
Deferral of Policy Acquisition Costs (91.0) (90.6) (174.5) (186.4) (346.0) (458.8) (481.0)
Amortization of Deferred Policy Acquisition Costs 81.5 72.8 157.5 143.9 286.3 282.0 242.1
Amortization of Value of Business Acquired - 0.1 0.1 0.1 0.2 0.3 0.3
Operating Expenses 253.1 252.6 508.2 521.5 1,048.5 1,048.4 967.4
Total Benefits and Expenses 1,481.5 1,505.7 2,961.2 3,029.2 6,141.7 6,858.2 5,295.4
Operating Income (Loss) Before Income Taxes and
Net Realized Investment Gains and Losses $ 111.4 $ 113.6 $ 211.9 $ 206.3 $ 335.5 $ (431.2) $ 703.0
Operating Ratios
Benefit Ratio 83.5 % 83.5 % 83.7 % 83.4 % 85.1 % 101.0 % 79.7 %
Operating Expense Ratio 19.2 % 18.6 % 19.3 % 19.1 % 19.3 % 19.5 % 19.1 %
Before-tax Profit (Loss) Margin 8.5 % 8.4 % 8.1 % 7.6 % 6.2 % (8.0)% 13.9 %
7
16. UnumProvident Financial Results for U.S. Brokerage Group Income Protection
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income
Group Long-term Income Protection $ 490.8 $ 507.0 $ 982.4 $ 1,017.3 $ 2,028.6 $ 2,031.7 $ 1,946.2
Group Short-term Income Protection 146.0 155.9 289.8 313.0 616.1 630.9 601.6
Total Premium Income 636.8 662.9 1,272.2 1,330.3 2,644.7 2,662.6 2,547.8
Net Investment Income 152.8 150.4 301.5 292.5 595.8 609.7 568.3
Other Income 18.4 17.7 38.8 34.7 69.6 56.4 33.9
Total Operating Revenue 808.0 831.0 1,612.5 1,657.5 3,310.1 3,328.7 3,150.0
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 595.1 612.8 1,200.6 1,234.1 2,533.1 3,412.1 2,148.5
Commissions 47.9 50.9 96.0 102.7 199.0 200.1 205.6
Deferral of Policy Acquisition Costs (18.9) (19.8) (38.7) (40.1) (77.1) (125.1) (131.1)
Amortization of Deferred Policy Acquisition Costs 23.0 23.6 46.1 46.3 93.5 96.1 89.3
Amortization of Value of Business Acquired - - - - - - -
Operating Expenses 140.8 144.5 284.9 300.6 619.6 615.5 547.8
Total Benefits and Expenses 787.9 812.0 1,588.9 1,643.6 3,368.1 4,198.7 2,860.1
Operating Income (Loss) Before Income Taxes and
Net Realized Investment Gains and Losses $ 20.1 $ 19.0 $ 23.6 $ 13.9 $ (58.0) $ (870.0) $ 289.9
Operating Ratios
Benefit Ratio 93.5 % 92.4 % 94.4 % 92.8 % 95.8 % 128.1 % 84.3 %
Operating Expense Ratio 22.1 % 21.8 % 22.4 % 22.6 % 23.4 % 23.1 % 21.5 %
Before-tax Profit (Loss) Margin 3.2 % 2.9 % 1.9 % 1.0 % (2.2)% (32.7)% 11.4 %
Persistency - Group Long-term Income Protection 83.2 % 84.9 % 84.8 % 87.2 % 86.5 %
Persistency - Group Short-term Income Protection 80.1 % 82.5 % 80.6 % 84.5 % 81.5 %
7.1
17. UnumProvident Financial Results for U.S. Brokerage Group Life and Accidental Death & Dismemberment
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income
Group Life $ 333.0 $ 366.5 $ 662.2 $ 733.1 $ 1,441.0 $ 1,463.8 $ 1,406.5
Accidental Death & Dismemberment 38.5 45.5 79.0 92.6 182.4 198.6 199.8
Total Premium Income 371.5 412.0 741.2 825.7 1,623.4 1,662.4 1,606.3
Net Investment Income 38.2 33.1 78.0 66.2 147.9 145.0 152.4
Other Income (Loss) 0.3 - 0.3 (0.2) (0.6) 0.5 2.6
Total Operating Revenue 410.0 445.1 819.5 891.7 1,770.7 1,807.9 1,761.3
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 284.4 317.3 559.5 637.1 1,244.3 1,280.0 1,247.9
Commissions 30.8 27.2 56.2 54.6 106.2 113.2 115.9
Deferral of Policy Acquisition Costs (18.3) (12.9) (29.5) (26.5) (47.0) (80.0) (90.9)
Amortization of Deferred Policy Acquisition Costs 18.6 17.0 36.4 33.7 67.0 71.9 61.7
Amortization of Value of Business Acquired - - - - - - -
Operating Expenses 46.6 46.4 93.5 96.1 186.8 200.1 202.6
Total Benefits and Expenses 362.1 395.0 716.1 795.0 1,557.3 1,585.2 1,537.2
Operating Income Before Income Taxes and
Net Realized Investment Gains and Losses $ 47.9 $ 50.1 $ 103.4 $ 96.7 $ 213.4 $ 222.7 $ 224.1
Operating Ratios
Benefit Ratio 76.6% 77.0% 75.5% 77.2% 76.6% 77.0% 77.7%
Operating Expense Ratio 12.5% 11.3% 12.6% 11.6% 11.5% 12.0% 12.6%
Before-tax Profit Margin 12.9% 12.2% 14.0% 11.7% 13.1% 13.4% 14.0%
Persistency - Group Life 75.0% 84.1% 84.0% 83.2% 83.9%
Persistency - Accidental Death & Dismemberment 76.9% 80.8% 80.3% 84.2% 82.5%
7.2
18. UnumProvident Financial Results for U.S. Brokerage Supplemental and Voluntary
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income
Individual Income Protection - Recently Issued $ 106.6 $ 102.4 $ 214.7 $ 206.4 $ 415.6 $ 392.8 $ 357.8
Long-term Care 117.4 109.2 231.9 217.6 444.5 404.6 335.8
Voluntary Workplace Benefits 85.0 73.0 166.5 143.9 293.4 260.0 209.0
Total Premium Income 309.0 284.6 613.1 567.9 1,153.5 1,057.4 902.6
Net Investment Income 59.4 54.6 114.9 109.1 222.1 219.3 174.4
Other Income 6.5 4.0 13.1 9.3 20.8 13.7 10.1
Total Operating Revenue 374.9 343.2 741.1 686.3 1,396.4 1,290.4 1,087.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 219.9 204.6 439.2 400.5 837.0 745.4 635.1
Commissions 59.8 58.0 118.4 121.1 233.1 235.5 213.6
Deferral of Policy Acquisition Costs (53.8) (57.9) (106.3) (119.8) (221.9) (253.7) (259.0)
Amortization of Deferred Policy Acquisition Costs 39.9 32.2 75.0 63.9 125.8 114.0 91.1
Amortization of Value of Business Acquired - 0.1 0.1 0.1 0.2 0.3 0.3
Operating Expenses 65.7 61.7 129.8 124.8 242.1 232.8 217.0
Total Benefits and Expenses 331.5 298.7 656.2 590.6 1,216.3 1,074.3 898.1
Operating Income Before Income Taxes and
Net Realized Investment Gains and Losses $ 43.4 $ 44.5 $ 84.9 $ 95.7 $ 180.1 $ 216.1 $ 189.0
Operating Ratios
Benefit Ratios
Individual Income Protection - Recently Issued 53.8 % 54.9 % 55.8 % 53.1 % 57.7 % 54.6 % 54.2 %
Long-term Care 91.1 % 87.0 % 90.7 % 87.4 % 88.8 % 84.7 % 82.8 %
Voluntary Workplace Benefits 65.3 % 73.2 % 65.4 % 70.0 % 69.0 % 72.5 % 77.9 %
Operating Expense Ratio 21.3 % 21.7 % 21.2 % 22.0 % 21.0 % 22.0 % 24.0 %
Before-tax Profit Margin 14.0 % 15.6 % 13.8 % 16.9 % 15.6 % 20.4 % 20.9 %
Interest Adjusted Loss Ratio
Individual Income Protection - Recently Issued 40.8 % 42.3 % 43.3 % 41.9 % 46.0 % 41.5 % 39.9 %
Persistency - Individual Income Protection - Recently Issued 89.4 % 90.1 % 90.7 % 89.6 % 89.7 %
Persistency - Long-term Care 95.3 % 95.2 % 95.5 % 95.0 % 95.3 %
Persistency - Voluntary Workplace Benefits 80.8 % 80.2 % 81.0 % 82.1 % 82.4 %
7.3
19. UnumProvident Financial Results for Unum Limited Segment
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income
Group Long-term Income Protection $ 142.5 $ 123.5 $ 281.0 $ 243.0 $ 501.8 $ 371.2 $ 262.8
Group Life 39.1 28.4 79.1 50.6 117.9 60.8 18.0
Other 11.5 9.3 23.0 18.4 39.4 45.0 33.0
Total Premium Income 193.1 161.2 383.1 312.0 659.1 477.0 313.8
Net Investment Income 39.6 34.5 77.3 66.9 139.6 106.5 80.6
Other Income (Loss) (0.1) 0.8 0.4 2.1 3.1 9.9 8.8
Total Operating Revenue 232.6 196.5 460.8 381.0 801.8 593.4 403.2
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 140.4 120.1 269.8 226.8 464.5 344.5 230.8
Commissions 11.9 11.5 26.5 22.5 48.9 34.1 28.9
Deferral of Policy Acquisition Costs (10.0) (10.9) (18.8) (18.6) (37.7) (33.6) (28.6)
Amortization of Deferred Policy Acquisition Costs 5.4 4.2 10.8 9.1 19.2 17.0 12.8
Amortization of Value of Business Acquired 3.6 4.8 7.3 8.4 14.4 5.4 2.3
Operating Expenses 40.0 35.1 76.6 66.3 141.2 114.0 87.5
Total Benefits and Expenses 191.3 164.8 372.2 314.5 650.5 481.4 333.7
Operating Income Before Income Taxes and
Net Realized Investment Gains and Losses $ 41.3 $ 31.7 $ 88.6 $ 66.5 $ 151.3 $ 112.0 $ 69.5
Operating Ratios
Benefit Ratio 72.7 % 74.5 % 70.4 % 72.7 % 70.5 % 72.2 % 73.6 %
Operating Expense Ratio 20.7 % 21.8 % 20.0 % 21.3 % 21.4 % 23.9 % 27.9 %
Before-tax Profit Margin 21.4 % 19.7 % 23.1 % 21.3 % 23.0 % 23.5 % 22.1 %
Persistency - Group Long-term Income Protection 95.0 % 92.0 % 92.2 % 92.9 % 92.2 %
Persistency - Group Life 85.5 % 90.3 % 83.0 % 87.7 % 82.2 %
Persistency - Other 94.6 % 91.6 % 91.7 % 92.4 % 89.9 %
8
20. UnumProvident Financial Results for Colonial Segment
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income
Income Protection $ 126.3 $ 120.7 $ 252.1 $ 239.7 $ 486.2 $ 464.9 $ 437.8
Life 28.3 26.7 56.3 53.3 106.9 96.7 80.4
Other 41.0 36.6 80.7 72.1 147.9 131.9 118.5
Total Premium Income 195.6 184.0 389.1 365.1 741.0 693.5 636.7
Net Investment Income 23.3 23.7 48.3 46.5 94.5 90.0 79.6
Other Income 1.0 0.7 2.2 1.0 2.3 2.5 3.7
Total Operating Revenue 219.9 208.4 439.6 412.6 837.8 786.0 720.0
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 105.2 101.6 209.3 202.1 408.3 395.4 357.2
Commissions 42.3 44.6 84.9 88.9 173.9 164.9 143.9
Deferral of Policy Acquisition Costs (43.9) (44.5) (89.2) (89.3) (173.7) (166.1) (148.4)
Amortization of Deferred Policy Acquisition Costs 34.0 32.5 68.4 65.1 131.2 118.3 107.7
Amortization of Value of Business Acquired 0.3 0.3 0.6 0.6 1.2 (0.9) 1.5
Operating Expenses 38.4 34.5 78.2 69.2 141.3 127.7 120.6
Total Benefits and Expenses 176.3 169.0 352.2 336.6 682.2 639.3 582.5
Operating Income Before Income Taxes and
Net Realized Investment Gains and Losses $ 43.6 $ 39.4 $ 87.4 $ 76.0 $ 155.6 $ 146.7 $ 137.5
Operating Ratios
Benefit Ratio 53.8% 55.2% 53.8% 55.4% 55.1% 57.0% 56.1%
Operating Expense Ratio 19.6% 18.8% 20.1% 19.0% 19.1% 18.4% 18.9%
Before-tax Profit Margin 22.3% 21.4% 22.5% 20.8% 21.0% 21.2% 21.6%
Persistency - Income Protection 75.1% 73.8% 77.4% 74.1% 76.6%
Persistency - Life 84.3% 84.7% 85.2% 88.2% 86.7%
Persistency - Other 82.5% 82.5% 84.5% 84.4% 82.1%
9
21. UnumProvident Financial Results for Individual Income Protection - Closed Block
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income $ 232.8 $ 249.2 $ 474.8 $ 500.5 $ 986.6 $ 1,028.5 $ 1,106.3
Net Investment Income 189.7 189.9 369.6 402.9 799.1 824.2 814.5
Other Income 19.8 20.2 44.5 48.0 100.3 95.9 85.7
Total Operating Revenue 442.3 459.3 888.9 951.4 1,886.0 1,948.6 2,006.5
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 356.2 371.4 727.7 869.9 1,618.9 1,533.6 1,544.2
Commissions 17.1 18.4 35.6 38.5 76.3 85.5 109.2
Deferral of Policy Acquisition Costs - - - - - (7.5) (13.4)
Amortization of Deferred Policy Acquisition Costs - - - - - 41.3 36.2
Amortization of Value of Business Acquired - - - - - 32.7 34.9
Intangible Assets Write-down - - - 856.4 856.4 - -
Operating Expenses 41.3 39.5 74.8 80.4 157.2 200.5 212.4
Total Benefits and Expenses 414.6 429.3 838.1 1,845.2 2,708.8 1,886.1 1,923.5
Operating Income (Loss) Before Income Taxes and
Net Realized Investment Gains and Losses $ 27.7 $ 30.0 $ 50.8 $ (893.8) $ (822.8) $ 62.5 $ 83.0
Operating Ratios
Benefit Ratio 153.0 % 149.0 % 153.3 % 173.8 % 164.1 % 149.1 % 139.6 %
Interest Adjusted Loss Ratio 86.4 % 85.6 % 86.4 % 86.1 % 87.5 % 82.7 % 78.1 %
Operating Expense Ratio 17.7 % 15.9 % 15.8 % 16.1 % 15.9 % 19.5 % 19.2 %
Before-tax Profit (Loss) Margin 11.9 % 12.0 % 10.7 % (178.6)% (83.4)% 6.1 % 7.5 %
Persistency 94.6 % 94.4 % 94.5 % 94.2 % 94.3 %
10
22. UnumProvident Financial Results for Other Segment
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Premium Income $ 1.2 $ 2.9 $ 1.5 $ 11.5 $ 31.3 $ 34.3 $ 37.6
Net Investment Income 32.8 32.2 61.9 64.2 127.3 140.1 154.2
Other Income 52.9 52.5 106.5 108.7 208.3 204.4 214.3
Total Operating Revenue 86.9 87.6 169.9 184.4 366.9 378.8 406.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 29.4 29.0 62.4 65.6 142.3 157.1 161.1
Commissions 0.4 1.8 0.3 5.4 4.9 10.8 3.1
Deferral of Policy Acquisition Costs (0.1) (0.1) (0.1) (0.1) 0.1 0.1 -
Amortization of Deferred Policy Acquisition Costs 0.2 0.1 0.2 0.1 - - 0.1
Amortization of Value of Business Acquired - - - - - - -
Operating Expenses 43.1 42.2 83.9 88.0 174.2 168.7 177.5
Total Benefits and Expenses 73.0 73.0 146.7 159.0 321.5 336.7 341.8
Operating Income Before Income Taxes and
Net Realized Investment Gains and Losses $ 13.9 $ 14.6 $ 23.2 $ 25.4 $ 45.4 $ 42.1 $ 64.3
11
23. UnumProvident Financial Results for Corporate Segment
Three Months Ended Six Months Ended Year Ended
6/30/2005 6/30/2004 6/30/2005 6/30/2004 12/31/2004 12/31/2003 12/31/2002
Operating Revenue
Net Investment Income $ 12.4 $ 14.5 $ 24.7 $ 18.7 $ 32.4 $ 23.6 $ 4.9
Other Income 4.2 10.2 9.3 10.5 33.6 8.0 29.1
Total Operating Revenue 16.6 24.7 34.0 29.2 66.0 31.6 34.0
Benefits and Expenses
Interest and Debt Expense 52.9 51.5 105.7 100.7 207.1 187.2 162.4
Unallocated Operating Expenses 1.3 3.9 5.1 5.9 12.6 37.9 26.6
Total Benefits and Expenses 54.2 55.4 110.8 106.6 219.7 225.1 189.0
Operating Loss Before Income Taxes and
Net Realized Investment Gains and Losses $ (37.6) $ (30.7) $ (76.8) $ (77.4) $ (153.7) $ (193.5) $ (155.0)
12
24. UnumProvident Investment Fact Sheet at June 30, 2005
Bonds (Fair Value) 6/30/05 Selected Statistics 6/30/05 3/31/05
Public $ 20,363.0 60.0 % Portfolio Yield* 6.84 % 6.89 %
Mortgage-backed Securities 4,452.4 13.1 Average Duration 9.17 9.19
Private Placements 3,855.7 11.4 Average Credit Quality A A
High Yield 2,220.4 6.5
Government Securities 2,208.6 6.5 * Bond equivalent yield is a book value and duration weighted average
Municipal Securities 49.5 0.2 of the yield on the fixed income securities in the portfolio.
Open Derivatives 773.7 2.3
Total $ 33,923.3 100.0 %
Quality Ratings of Bonds Book Value Fair Value Schedule BA and Non-Current
Aaa 25.3 % 25.6 % Total Non-Current Investments $ 71.7 $ 90.5
Aa 6.8 6.6 Total Schedule BA Assets $ 75.9 $ 74.4
A 23.9 24.5
Baa 36.7 36.8
Below Baa 7.3 6.5
Total 100.0 % 100.0 %
13
25. UnumProvident Investment Fact Sheet at June 30, 2005
Fixed Maturity Bonds - By Industry Classification-Unrealized Gain/Loss
Net Unrealized Fair Value of Gross Fair Value of Gross
Fair Value Gain/Loss Bonds with Loss Unrealized Loss Bonds with Gain Unrealized Gain
Classification
Basic Industry $ 2,298.6 $ 242.5 $ 216.4 $ (14.9) $ 2,082.2 $ 257.4
Canadian 392.8 97.0 - - 392.8 97.0
Capital Goods 2,462.2 332.6 227.9 (7.5) 2,234.3 340.1
Communications 2,855.6 333.5 405.1 (24.7) 2,450.5 358.2
Consumer Cyclical 1,304.2 64.7 334.4 (45.2) 969.8 109.9
Consumer Non-Cyclical 3,654.1 408.1 247.9 (6.7) 3,406.2 414.8
Derivative Instruments 773.7 745.6 (79.6) (79.6) 853.3 825.2
Energy (Oil & Gas) 2,581.3 421.1 85.6 (2.2) 2,495.7 423.3
Financial Institutions 3,069.9 185.9 402.6 (40.6) 2,667.3 226.5
Mortgage/Asset Backed 4,452.4 360.3 202.6 (1.3) 4,249.8 361.6
Sovereigns 635.0 34.4 36.6 (0.3) 598.4 34.7
Technology 321.5 33.3 86.2 (4.0) 235.3 37.3
Transportation 1,083.2 159.4 19.0 (5.6) 1,064.2 165.0
U.S. Government Agencies 2,335.0 208.0 586.8 (28.4) 1,748.2 236.4
Utilities 5,703.8 673.7 399.7 (11.2) 5,304.1 684.9
Total $ 33,923.3 $ 4,300.1 $ 3,171.2 $ (272.2) $ 30,752.1 $ 4,572.3
Gross Unrealized Loss on Fixed Maturity Bonds By Length of Time in Unrealized Loss Position
Investment Grade Below Investment Grade
Gross Gross
Unrealized Loss Unrealized Loss
Category Fair Value Fair Value
Less than 91 days $ 91.5 $ (0.4) $ 88.9 $ (2.1)
91 through 180 days 384.2 (30.1) 244.6 (11.2)
181 through 270 days 19.9 (0.2) 67.2 (13.5)
271 days to 1 year - - 7.5 (0.3)
Greater than 1 year 1,935.9 (173.5) 331.5 (40.9)
Total $ 2,431.5 $ (204.2) $ 739.7 $ (68.0)
13.1
26. UnumProvident Statutory Capital and Surplus
As of
As of June 30, 2005 December 31, 2004
Capital and Capital and Capital and
Surplus AVR Surplus + AVR Surplus + AVR
Provident Life & Accident $ 1,390.4 $ 46.5 $ 1,436.9 $ 1,455.0
Unum Life of America 1,262.9 89.3 1,352.2 1,277.6
Paul Revere Life (1) 1,133.0 23.7 1,156.7 1,137.0
Colonial Life & Accident 323.7 6.4 330.1 298.4
Provident Life & Casualty 90.0 0.8 90.8 84.6
First Unum Life 165.2 2.1 167.3 166.6
Paul Revere Variable (1) 123.6 0.5 124.1 121.6
(1) Capital and Surplus of Paul Revere Variable is included in Paul Revere Life
14