Highlights of the fourth quarter of 2010. Net sales amounted to SEK 27,556m (28,215) and income for the period was SEK 677m (664), or SEK 2.38 (2.34) per share. Net sales increased by 1.6% in comparable currencies.
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.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
NO1 Uk Rohani Baba In Karachi Bangali Baba Karachi Online Amil Baba WorldWide...Amil baba
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
#vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore#blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #blackmagicforlove #blackmagicformarriage #aamilbaba #kalajadu #kalailam #taweez #wazifaexpert #jadumantar #vashikaranspecialist #astrologer #palmistry #amliyaat #taweez #manpasandshadi #horoscope #spiritual #lovelife #lovespell #marriagespell#aamilbabainpakistan #amilbabainkarachi #powerfullblackmagicspell #kalajadumantarspecialist #realamilbaba #AmilbabainPakistan #astrologerincanada #astrologerindubai #lovespellsmaster #kalajaduspecialist #lovespellsthatwork #aamilbabainlahore #Amilbabainuk #amilbabainspain #amilbabaindubai #Amilbabainnorway #amilbabainkrachi #amilbabainlahore #amilbabaingujranwalan #amilbabainislamabad
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
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
2. UnumProvident
Statistical Supplement Third Quarter 2006
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
Reserves and Policyholder Benefits 13
Investment Fact Sheets 14
Statutory-Basis Financial Information 15
Notes to Statistical Supplement 16
Throughout this supplement, segment operating results exclude income taxes and realized investment gains and losses.
See quot;Notes to Statistical Supplementquot; on page 16 for a discussion of non-GAAP financial measures.
N.M. = not a meaningful percentage
3. UnumProvident Financial Highlights
Three Months Ended Nine Months Ended Year Ended
9/30/2006 9/30/2005 9/30/2006 9/30/2005 12/31/2005 12/31/2004 12/31/2003
Financial Results
Premium Income $ 1,969.0 $ 1,952.2 $ 5,926.2 $ 5,827.2 $ 7,815.6 $ 7,839.6 $ 7,615.7
Segment Operating Revenue $ 2,658.2 $ 2,615.3 $ 7,975.4 $ 7,781.6 $ 10,443.9 $ 10,435.7 $ 10,165.4
Net Realized Investment Gain (Loss) 4.8 (71.4) 1.5 (9.1) (6.7) 29.2 (173.8)
Revenue $ 2,663.0 $ 2,543.9 $ 7,976.9 $ 7,772.5 $ 10,437.2 $ 10,464.9 $ 9,991.6
Income (Loss) from Continuing Operations Before Cumulative
Effect of Accounting Principle Change $ (63.7) $ 52.6 $ 134.9 $ 376.1 $ 513.6 $ (192.2) $ (264.6)
Loss from Discontinued Operations, net of tax - - - - - (60.8) (161.7)
Cumulative Effect of Accounting Principle Change, net of tax - - - - - - 39.9
Net Income (Loss) $ (63.7) $ 52.6 $ 134.9 $ 376.1 $ 513.6 $ (253.0) $ (386.4)
Assets $ 52,171.5 $ 51,146.9 $ 51,866.8 $ 50,832.3 $ 49,718.3
Stockholders' Equity $ 7,594.4 $ 7,237.7 $ 7,363.9 $ 7,224.1 $ 7,271.0
2006
• Three months ended September 30, 2006 net loss includes a claim reassessment charge of $325.4 million before tax, or $211.5 million after tax, and nine months ended September 30, 2006
net income includes claim reassessment charges of $411.4 million before tax, or $267.4 million after tax.
• Three months and nine months ended September 30, 2006 net income (loss) includes broker compensation settlement expenses of $18.5 million before tax, or $12.7 million after tax.
• Nine months ended September 30, 2006 net income includes costs related to early retirement of debt of $23.1 million before tax and $15.0 million after tax.
2005
• Three months and nine months ended September 30, 2005 and full year 2005 net income includes a charge of $75.0 million before tax, or $51.6 million after tax, related to the settlement agreement
with the California Department of Insurance and related matters.
• Three months and nine months ended September 30, 2005 and full year 2005 net income includes a gain on the sale of the U.K. Netherlands branch of $5.7 million before tax and $4.0 million after tax.
• Three months ended September 30, 2005 net income includes a $10.8 million income tax benefit. Nine months ended September 30, 2005 and full year 2005 net income includes an income tax
benefit of $42.8 million related to the reduction of income tax liabilities.
2004
• Full year 2004 net loss includes a charge of $127.0 million before tax, or $87.8 million after tax, related to the settlement of the multistate market conduct examination.
• Full year 2004 net loss includes a charge of $967.0 million before tax, or $701.0 million after tax, related to the restructuring of the individual income protection - closed block business.
2003
• Full year 2003 net loss includes a charge of $894.0 million before tax, or $581.1 million after tax, related to the U.S. Brokerage group income protection reserve strengthening.
See quot;Notes to Statistical Supplementquot; on page 16 for additional information.
1
4. UnumProvident Financial Highlights
Three Months Ended Nine Months Ended Year Ended
9/30/2006 9/30/2005 9/30/2006 9/30/2005 12/31/2005 12/31/2004 12/31/2003
Per Common Share Information
Assuming Dilution:
Income (Loss) from Continuing Operations Before
Cumulative Effect of Accounting Principle Change $ (0.19) $ 0.17 $ 0.41 $ 1.21 $ 1.64 $ (0.65) $ (0.96)
Loss from Discontinued Operations, net of tax - - - - - (0.21) (0.58)
Cumulative Effect of Accounting Principle Change, net of tax - - - - - - 0.14
Net Income (Loss) $ (0.19) $ 0.17 $ 0.41 $ 1.21 $ 1.64 $ (0.86) $ (1.40)
Basic:
Income (Loss) from Continuing Operations Before
Cumulative Effect of Accounting Principle Change $ (0.19) $ 0.18 $ 0.42 $ 1.27 $ 1.74 $ (0.65) $ (0.96)
Loss from Discontinued Operations, net of tax - - - - - (0.21) (0.58)
Cumulative Effect of Accounting Principle Change, net of tax - - - - - - 0.14
Net Income (Loss) $ (0.19) $ 0.18 $ 0.42 $ 1.27 $ 1.74 $ (0.86) $ (1.40)
Dividends Paid $ 0.0750 $ 0.0750 $ 0.2250 $ 0.2250 $ 0.3000 $ 0.3000 $ 0.3725
Book Value $ 22.17 $ 24.29 $ 24.66 $ 24.36 $ 24.55
Price (UNM closing price on last trading day of period) $ 19.39 $ 20.50 $ 22.75 $ 17.94 $ 15.77
1.1
5. UnumProvident Consolidated Statements of Operations
Three Months Ended Nine Months Ended Year Ended
9/30/2006 9/30/2005 9/30/2006 9/30/2005 12/31/2005 12/31/2004 12/31/2003
Revenue
Premium Income $ 1,969.0 $ 1,952.2 $ 5,926.2 $ 5,827.2 $ 7,815.6 $ 7,839.6 $ 7,615.7
Net Investment Income 578.8 547.2 1,719.2 1,623.4 2,188.3 2,158.7 2,158.4
Net Realized Investment Gain (Loss) 4.8 (71.4) 1.5 (9.1) (6.7) 29.2 (173.8)
Other Income 110.4 115.9 330.0 331.0 440.0 437.4 391.3
Total Revenue 2,663.0 2,543.9 7,976.9 7,772.5 10,437.2 10,464.9 9,991.6
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits 2,088.9 1,812.1 5,764.3 5,280.6 7,083.2 7,248.4 7,868.1
Commissions 198.9 191.5 613.5 609.4 804.7 842.3 844.1
Interest and Debt Expense 44.2 49.8 146.0 155.5 208.0 207.1 187.2
Cost Related to Early Retirement of Debt - - 23.1 - - - -
Deferral of Policy Acquisition Costs (127.5) (119.5) (392.8) (402.1) (519.4) (557.3) (665.9)
Amortization of Deferred Policy Acquisition Costs 115.9 112.5 353.7 349.4 463.7 436.7 458.6
Amortization of Value of Business Acquired 2.1 3.9 6.0 11.9 15.1 15.8 37.5
Impairment of Intangible Assets - - - - - 856.4 -
Other Operating Expenses 435.1 425.3 1,253.8 1,252.1 1,672.3 1,675.0 1,697.2
Total Benefits and Expenses 2,757.6 2,475.6 7,767.6 7,256.8 9,727.6 10,724.4 10,426.8
Income (Loss) from Continuing Operations Before
Income Taxes and Cumulative Effect of
Accounting Principle Change (94.6) 68.3 209.3 515.7 709.6 (259.5) (435.2)
Income Taxes (Benefit) (30.9) 15.7 74.4 139.6 196.0 (67.3) (170.6)
Income (Loss) from Continuing Operations Before
Cumulative Effect of Accounting
Principle Change (63.7) 52.6 134.9 376.1 513.6 (192.2) (264.6)
Loss from Discontinued
Operations, net of tax - - - - - (60.8) (161.7)
Cumulative Effect of Accounting Principle
Change, net of tax - - - - - - 39.9
Net Income (Loss) $ (63.7) $ 52.6 $ 134.9 $ 376.1 $ 513.6 $ (253.0) $ (386.4)
Average Number of Shares Outstanding
Basic 340,727,665 295,767,170 319,209,356 295,628,573 295,776,405 295,224,305 276,132,176
Dilutive Securities:
Purchase Contracts - 16,156,382 9,868,520 12,432,463 14,297,834 - -
Options and Other Dilutive Securities - 2,724,576 2,234,637 2,398,406 2,438,404 - -
Assuming Dilution 340,727,665 314,648,128 331,312,513 310,459,442 312,512,643 295,224,305 276,132,176
Actual Number of Shares Outstanding 342,541,722 298,019,247 298,557,764 296,545,913 296,143,422
2
6. UnumProvident Financial Sales Data
Three Months Ended Nine Months Ended Year Ended
9/30/2006 9/30/2005 % Change 9/30/2006 9/30/2005 % Change 12/31/2005 12/31/2004 12/31/2003
U.S. Brokerage Segment
Fully Insured Products
Group Long-term Income Protection $ 25.4 $ 27.6 (8.0) % $ 119.4 $ 112.3 6.3 % $ 180.4 $ 180.4 $ 299.1
Group Short-term Income Protection 9.8 11.5 (14.8) 40.6 42.2 (3.8) 74.8 79.5 127.2
Group Life 17.7 23.4 (24.4) 94.4 93.6 0.9 157.8 166.5 241.6
Accidental Death & Dismemberment 1.8 1.7 5.9 7.7 8.4 (8.3) 14.7 12.8 26.6
Individual Income Protection - Recently Issued 14.1 13.4 5.2 39.0 38.7 0.8 53.8 61.6 72.9
Group Long-term Care 5.5 4.3 27.9 13.8 14.7 (6.1) 21.1 18.7 27.0
Individual Long-term Care 2.9 3.5 (17.1) 8.4 9.9 (15.2) 13.0 19.5 43.9
Voluntary Workplace Benefits 28.2 27.5 2.5 108.7 102.7 5.8 130.2 114.1 105.8
Total Fully Insured Products 105.4 112.9 (6.6) 432.0 422.5 2.2 645.8 653.1 944.1
Administrative Services Only (ASO) Products
Group Long-term Income Protection - 0.9 (100.0) 0.5 1.5 (66.7) 1.8 1.1 6.5
Group Short-term Income Protection 0.4 0.8 (50.0) 3.6 2.2 63.6 5.8 7.3 14.4
Total ASO Products 0.4 1.7 (76.5) 4.1 3.7 10.8 7.6 8.4 20.9
U.S. Brokerage Segment 105.8 114.6 (7.7) 436.1 426.2 2.3 653.4 661.5 965.0
Unum Limited Segment
Group Long-term Income Protection 18.0 17.1 5.3 39.3 73.7 (46.7) 91.2 103.3 81.5
Group Life 6.0 6.4 (6.3) 13.7 27.2 (49.6) 33.0 68.1 27.7
Individual Income Protection 1.4 1.2 16.7 4.1 6.5 (36.9) 8.1 11.1 19.4
Unum Limited Segment 25.4 24.7 2.8 57.1 107.4 (46.8) 132.3 182.5 128.6
Colonial Segment
Income Protection 46.1 38.8 18.8 134.4 116.8 15.1 176.8 172.5 182.7
Life 15.3 13.0 17.7 44.5 41.1 8.3 60.6 58.6 57.2
Cancer and Critical Illness 11.5 10.1 13.9 34.3 31.2 9.9 49.0 47.4 45.3
Colonial Segment 72.9 61.9 17.8 213.2 189.1 12.7 286.4 278.5 285.2
Individual Income Protection - Closed Block Segment 1.1 1.6 (31.3) 3.5 4.8 (27.1) 6.5 7.8 12.1
Total Sales from Continuing Operations 205.2 202.8 1.2 709.9 727.5 (2.4) 1,078.6 1,130.3 1,390.9
Sales from Discontinued Operations - - - - - - - 10.1 36.6
Total $ 205.2 $ 202.8 1.2 $ 709.9 $ 727.5 (2.4) $ 1,078.6 $ 1,140.4 $ 1,427.5
3
7. UnumProvident Consolidated Balance Sheets
December 31,
September 30,
2006 2005 2004
Assets
Investments
Fixed Maturity Securities $ 34,721.3 $ 34,856.8 $ 32,488.4
Mortgage Loans 893.2 739.4 498.2
Real Estate 18.0 18.2 27.4
Policy Loans 3,319.6 3,201.4 3,073.6
Other Long-term Investments 118.5 122.8 89.9
Short-term Investments 489.3 417.9 410.2
Total Investments 39,559.9 39,356.5 36,587.7
Cash and Bank Deposits 32.2 69.4 130.7
Accounts and Premiums Receivable 2,041.4 1,979.2 2,033.1
Reinsurance Receivable 5,573.3 5,609.2 6,969.2
Accrued Investment Income 675.1 618.7 588.3
Deferred Policy Acquisition Costs 2,965.0 2,913.3 2,882.5
Value of Business Acquired 77.6 78.5 101.5
Goodwill 274.3 273.0 271.1
Income Tax Asset 18.4 - -
Other Assets 926.3 939.4 1,236.5
Separate Account Assets 28.0 29.6 31.7
Total Assets $ 52,171.5 $ 51,866.8 $ 50,832.3
Liabilities
Policy and Contract Benefits $ 2,193.7 $ 2,063.4 $ 1,841.6
Reserves for Future Policy and Contract Benefits 35,109.5 34,041.5 33,224.8
Unearned Premiums 560.7 481.8 500.8
Other Policyholders' Funds 2,060.4 2,235.5 2,425.3
Income Tax Liability 730.8 1,008.0 1,060.9
Short-term Debt - - 227.0
Long-term Debt 2,561.6 3,261.6 2,862.0
Other Liabilities 1,332.4 1,381.5 1,434.1
Separate Account Liabilities 28.0 29.6 31.7
Total Liabilities 44,577.1 44,502.9 43,608.2
Stockholders' Equity
Common Stock 34.4 30.1 29.8
Additional Paid-in Capital 2,195.5 1,627.9 1,588.4
Accumulated Other Comprehensive Income 743.5 1,163.5 1,481.1
Retained Earnings 4,675.2 4,610.4 4,185.5
Treasury Stock (54.2) (54.2) (54.2)
Deferred Compensation - (13.8) (6.5)
Total Stockholders' Equity 7,594.4 7,363.9 7,224.1
Total Liabilities and Stockholders' Equity $ 52,171.5 $ 51,866.8 $ 50,832.3
4
8. UnumProvident Segment Deferred Policy Acquisition Costs
Individual
Income
U.S. Unum Protection - Corporate
Brokerage Limited Colonial Closed Block and Other Consolidated
Balances at December 31, 2003 $ 2,142.1 $ 138.3 $ 488.4 $ 282.2 $ 0.9 $ 3,051.9
Capitalized 346.0 37.7 173.7 - (0.1) 557.3
Amortized (286.3) (19.2) (131.2) - - (436.7)
Impairment - - - (282.2) - (282.2)
Foreign Currency and Other (5.6) (1.9) - - (0.3) (7.8)
Balances at December 31, 2004 2,196.2 154.9 530.9 - 0.5 2,882.5
Capitalized 311.9 34.1 173.4 - - 519.4
Amortized (306.9) (21.6) (134.7) - (0.5) (463.7)
Foreign Currency and Other - (24.9) - - - (24.9)
Balances at December 31, 2005 2,201.2 142.5 569.6 - - 2,913.3
Capitalized 228.2 25.6 139.0 - - 392.8
Amortized (230.3) (17.0) (106.4) - - (353.7)
Foreign Currency and Other - 12.6 - - - 12.6
Balances at September 30, 2006 $ 2,199.1 $ 163.7 $ 602.2 $ - $ - $ 2,965.0
4.1
9. UnumProvident Segment Balance Sheets - September 30, 2006
U.S. Brokerage
Group Life Individual
Group and Accidental Supplemental Total Income
Income Death & and U.S. Unum Protection - Corporate
Protection Dismemberment Voluntary Brokerage Limited Colonial Closed Block and Other Consolidated
Assets
Investments $ 9,495.8 $ 2,307.6 $ 4,907.8 $ 16,711.2 $ 3,156.4 $ 1,511.0 $ 12,331.5 $ 5,849.8 $ 39,559.9
Deferred Policy Acquisition Costs 576.6 280.3 1,342.2 2,199.1 163.7 602.2 - - 2,965.0
Value of Business Acquired - - 2.5 2.5 59.9 15.2 - - 77.6
Goodwill 2.5 - 187.5 190.0 13.5 - - 70.8 274.3
All Other 1,100.1 125.1 427.1 1,652.3 426.1 182.7 3,299.1 3,734.5 9,294.7
Total Assets $ 11,175.0 $ 2,713.0 $ 6,867.1 $ 20,755.1 $ 3,819.6 $ 2,311.1 $ 15,630.6 $ 9,655.1 $ 52,171.5
Liabilities
Reserves and Policyholder Benefits $ 8,600.6 $ 1,563.9 $ 4,393.9 $ 14,558.4 $ 2,646.4 $ 1,354.8 $ 12,666.8 $ 8,697.9 $ 39,924.3
Debt - - - - - - - 2,561.6 2,561.6
All Other 435.3 101.7 403.7 940.7 261.9 146.8 74.5 667.3 2,091.2
Total Liabilities 9,035.9 1,665.6 4,797.6 15,499.1 2,908.3 1,501.6 12,741.3 11,926.8 44,577.1
Other Allocated Stockholders' Equity 2,004.6 1,017.8 1,752.8 4,775.2 824.8 774.4 2,614.4 (2,263.4) 6,725.4
Unrealized Gain/Loss on Securities 134.5 29.6 316.7 480.8 86.5 35.1 274.9 (8.3) 869.0
Total Allocated Stockholders'
Equity 2,139.1 1,047.4 2,069.5 5,256.0 911.3 809.5 2,889.3 (2,271.7) 7,594.4
Total Liabilities and Allocated
Stockholders' Equity $ 11,175.0 $ 2,713.0 $ 6,867.1 $ 20,755.1 $ 3,819.6 $ 2,311.1 $ 15,630.6 $ 9,655.1 $ 52,171.5
Allocated stockholders' equity is determined on the basis of an internal allocation formula that reflects the volume and risk components of the business and aligns with the
Company's target capital levels for regulatory and rating agency purposes. This formula is modified periodically to recognize changes in the views of capital requirements.
4.2
10. UnumProvident Segment Balance Sheets - December 31, 2005
U.S. Brokerage
Group Life Individual
Group and Accidental Supplemental Total Income
Income Death & and U.S. Unum Protection - Corporate
Protection Dismemberment Voluntary Brokerage Limited Colonial Closed Block and Other Consolidated
Assets
Investments $ 9,498.2 $ 2,342.0 $ 4,477.8 $ 16,318.0 $ 2,789.8 $ 1,552.3 $ 12,535.3 $ 6,161.1 $ 39,356.5
Deferred Policy Acquisition Costs 593.8 300.4 1,307.0 2,201.2 142.5 569.6 - - 2,913.3
Value of Business Acquired - - 2.7 2.7 59.8 16.0 - - 78.5
Goodwill 2.5 - 187.5 190.0 12.4 - - 70.6 273.0
All Other 843.6 211.3 419.3 1,474.2 330.8 93.7 3,256.8 4,090.0 9,245.5
Total Assets $ 10,938.1 $ 2,853.7 $ 6,394.3 $ 20,186.1 $ 3,335.3 $ 2,231.6 $ 15,792.1 $ 10,321.7 $ 51,866.8
Liabilities
Reserves and Policyholder Benefits $ 8,298.7 $ 1,624.3 $ 3,930.5 $ 13,853.5 $ 2,343.0 $ 1,288.0 $ 12,631.8 $ 8,705.9 $ 38,822.2
Debt - - - - - - - 3,261.6 3,261.6
All Other 437.3 118.7 448.8 1,004.8 253.2 138.6 171.1 851.4 2,419.1
Total Liabilities 8,736.0 1,743.0 4,379.3 14,858.3 2,596.2 1,426.6 12,802.9 12,818.9 44,502.9
Other Allocated Stockholders' Equity 2,018.9 1,065.3 1,608.3 4,692.5 650.7 753.6 2,540.0 (2,586.9) 6,049.9
Unrealized Gain/Loss on Securities 183.2 45.4 406.7 635.3 88.4 51.4 449.2 89.7 1,314.0
Total Allocated Stockholders'
Equity 2,202.1 1,110.7 2,015.0 5,327.8 739.1 805.0 2,989.2 (2,497.2) 7,363.9
Total Liabilities and Allocated
Stockholders' Equity $ 10,938.1 $ 2,853.7 $ 6,394.3 $ 20,186.1 $ 3,335.3 $ 2,231.6 $ 15,792.1 $ 10,321.7 $ 51,866.8
4.3
11. UnumProvident Financial Results by Segment
Three Months Ended Nine Months Ended
9/30/2006 9/30/2005 % Change 9/30/2006 9/30/2005 % Change
Premium Income
U.S. Brokerage $ 1,278.6 $ 1,293.5 (1.2) % $ 3,894.0 $ 3,920.0 (0.7) %
Unum Limited 219.7 204.0 7.7 611.8 587.1 4.2
Colonial 212.8 197.4 7.8 624.9 586.5 6.5
Individual Income Protection - Closed Block 257.8 257.6 0.1 793.0 732.4 8.3
Other 0.1 (0.3) (133.3) 2.5 1.2 108.3
1,969.0 1,952.2 0.9 5,926.2 5,827.2 1.7
Net Investment Income
U.S. Brokerage 261.9 248.4 5.4 778.5 742.8 4.8
Unum Limited 45.8 39.2 16.8 123.7 116.5 6.2
Colonial 23.6 23.4 0.9 69.6 71.7 (2.9)
Individual Income Protection - Closed Block 207.0 192.9 7.3 623.2 562.5 10.8
Other 28.0 29.5 (5.1) 85.1 91.4 (6.9)
Corporate 12.5 13.8 (9.4) 39.1 38.5 1.6
578.8 547.2 5.8 1,719.2 1,623.4 5.9
Other Income
U.S. Brokerage 27.3 27.8 (1.8) 80.8 80.0 1.0
Unum Limited - 5.7 (100.0) - 6.1 (100.0)
Colonial 0.2 1.3 (84.6) 0.9 3.5 (74.3)
Individual Income Protection - Closed Block 25.5 25.7 (0.8) 75.7 70.2 7.8
Other 53.9 52.3 3.1 162.7 158.8 2.5
Corporate 3.5 3.1 12.9 9.9 12.4 (20.2)
110.4 115.9 (4.7) 330.0 331.0 (0.3)
Total Operating Revenue
U.S. Brokerage 1,567.8 1,569.7 (0.1) 4,753.3 4,742.8 0.2
Unum Limited 265.5 248.9 6.7 735.5 709.7 3.6
Colonial 236.6 222.1 6.5 695.4 661.7 5.1
Individual Income Protection - Closed Block 490.3 476.2 3.0 1,491.9 1,365.1 9.3
Other 82.0 81.5 0.6 250.3 251.4 (0.4)
Corporate 16.0 16.9 (5.3) 49.0 50.9 (3.7)
2,658.2 2,615.3 1.6 7,975.4 7,781.6 2.5
5
12. UnumProvident Financial Results by Segment
Three Months Ended Nine Months Ended
9/30/2006 9/30/2005 % Change 9/30/2006 9/30/2005 % Change
Benefits and Expenses
U.S. Brokerage $ 1,741.0 $ 1,497.8 16.2 % $ 4,793.5 $ 4,459.0 7.5 %
Unum Limited 200.0 199.1 0.5 559.5 571.3 (2.1)
Colonial 184.5 180.1 2.4 547.2 532.3 2.8
Individual Income Protection - Closed Block 495.6 480.8 3.1 1,449.3 1,318.9 9.9
Other 71.4 67.9 5.2 222.8 214.6 3.8
Corporate 65.1 49.9 30.5 195.3 160.7 21.5
2,757.6 2,475.6 11.4 7,767.6 7,256.8 7.0
Income (Loss) Before Income Taxes
and Net Realized Investment Gain (Loss)
U.S. Brokerage (173.2) 71.9 N.M. (40.2) 283.8 (114.2)
Unum Limited 65.5 49.8 31.5 176.0 138.4 27.2
Colonial 52.1 42.0 24.0 148.2 129.4 14.5
Individual Income Protection - Closed Block (5.3) (4.6) (15.2) 42.6 46.2 (7.8)
Other 10.6 13.6 (22.1) 27.5 36.8 (25.3)
Corporate (49.1) (33.0) (48.8) (146.3) (109.8) (33.2)
(99.4) 139.7 (171.2) 207.8 524.8 (60.4)
Income Taxes (Benefit) (32.6) 40.8 (179.9) 73.9 142.9 (48.3)
Income (Loss) Before Net Realized Investment
Gain (Loss) (66.8) 98.9 (167.5) 133.9 381.9 (64.9)
Net Realized Investment Gain (Loss) 4.8 (71.4) 106.7 1.5 (9.1) 116.5
Tax Expense (Benefit) on Net Realized
Investment Gain (Loss) 1.7 (25.1) 106.8 0.5 (3.3) 115.2
Net Income (Loss) $ (63.7) $ 52.6 (221.1) $ 134.9 $ 376.1 (64.1)
Note: See quot;Notes to Statistical Supplementquot; on page 16 for additional information.
5.1