Unum (UNM) 10-Q 4 Nov 09 2009 Q3 Quarterly report Financial data

Statement of Financial Position

Statement of Financial Position, Unclassified - Insurance Based Operations (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Dec. 31, 2008
Investments
Fixed Maturity Securities - at fair value (amortized cost: $35,394.1; $34,407.6)	37593.7	32134.1
Mortgage Loans	1375.1	1274.8
Policy Loans	2857.2	2753.8
Other Long-term Investments	254.6	520.1
Short-term Investments	1036.2	1183.1
Total Investments	43116.8	37865.9
Other Assets
Cash and Bank Deposits	220.6	49.9
Accounts and Premiums Receivable	1758.5	1784.8
Reinsurance Recoverable	5010.2	4974.2
Accrued Investment Income	656	605.6
Deferred Acquisition Costs	2466.5	2472.4
Goodwill	201.5	200.5
Property and Equipment	429.7	409.4
Deferred Income Tax	0	438.8
Other Assets	604.4	605.4
Separate Account Assets	11	10.5
Total Assets	54475.2	49417.4
Liabilities
Policy and Contract Benefits	1,722	1769.5
Reserves for Future Policy and Contract Benefits	37840.8	34581.5
Unearned Premiums	504.6	463.9
Other Policyholders' Funds	1623.5	1675.6
Income Tax Payable	143.6	115.5
Deferred Income Tax	228.7	0
Short-term Debt	0	190.5
Long-term Debt	2580.2	2259.4
Other Liabilities	1577.8	1953.1
Separate Account Liabilities	11	10.5
Total Liabilities	46232.2	43019.5
Commitments and Contingent Liabilities - Note 9	-	-
Stockholders' Equity
Common Stock, $0.10 par Authorized: 725,000,000 shares Issued: 363,460,886 and 362,949,412 shares	36.3	36.3
Additional Paid-in Capital	2578.5	2546.9
Accumulated Other Comprehensive Income (Loss)
Net Unrealized Gain (Loss) on Securities Not Other-Than-Temporarily Impaired	387	-832.6
Net Unrealized Loss on Securities Other-Than-Temporarily Impaired	-1.3	0
Net Gain on Cash Flow Hedges	359.1	458.5
Foreign Currency Translation Adjustment	-90.5	-177.6
Unrecognized Pension and Postretirement Benefit Costs	-389.4	-406.5
Retained Earnings	6117.5	5527.1
Treasury Stock - at cost: 31,829,067 shares	-754.2	-754.2
Total Stockholders' Equity	8,243	6397.9
Total Liabilities and Stockholders' Equity	54475.2	49417.4

1_Statement of Financial Positi

Statement of Financial Position, Unclassified - Insurance Based Operations (Parenthetical) (USD $)
In Millions, except Share data	Sep. 30, 2009	Dec. 31, 2008
Fixed Maturity Securities, amortized cost	35394.1	34407.6
Common Stock, par	0.1	0.1
Common Stock, Authorized	725,000,000	725,000,000
Common Stock, Issued	363,460,886	362,949,412
Treasury Stock, shares	31,829,067	31,829,067

Statement Of Income Insurance B

Statement Of Income Insurance Based Revenue (USD $)
In Millions, except Per Share data	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Revenue
Premium Income	1861.1	1946.5	5609.8	5865.6
Net Investment Income	579.6	594.7	1750.9	1799.2
Realized Investment Gain (Loss)
Total Other-Than-Temporary Impairment Loss on Fixed Maturity Securities	-31.5	(68)	-160.1	-74.9
Other-Than-Temporary Impairment (Gain) Loss Recognized in Other Comprehensive Income (Loss)	-2.1	0	4.8	0
Net Impairment Loss Recognized in Earnings	-33.6	(68)	-155.3	-74.9
Other Net Realized Investment Gain (Loss)	48.5	-97.8	192.9	-133.3
Net Realized Investment Gain (Loss)	14.9	-165.8	37.6	-208.2
Other Income	61.9	67.3	196.1	202
Total Revenue	2517.5	2442.7	7594.4	7658.6
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	1565.1	1646.3	4,725	4977.9
Commissions	203.6	213	632.2	644.8
Interest and Debt Expense	27.9	37.2	90.9	121.9
Deferral of Acquisition Costs	-143.5	-145.4	-445.8	-444.6
Amortization of Deferred Acquisition Costs	130.4	129.3	395	386.6
Compensation Expense	201	199.5	587.3	577.2
Other Expenses	198.4	203	613.4	623.3
Total Benefits and Expenses	2182.9	2282.9	6,598	6887.1
Income Before Income Tax	334.6	159.8	996.4	771.5
Income Tax (Benefit)
Current	119.1	100.4	297.4	276.4
Deferred	-5.6	-48.6	45.8	-16.3
Total Income Tax	113.5	51.8	343.2	260.1
Net Income	221.1	$108	653.2	511.4
Net Income Per Common Share
Basic	0.67	0.32	1.97	1.48
Assuming Dilution	0.66	0.32	1.97	1.48

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Millions	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Treasury Stock	Total
Balance at Beginning of Year at Dec. 31, 2007	36.3	2516.9	463.5	5077.4	-54.2
Net Income				511.4		511.4
Purchases of Treasury Stock					(700)
Common Stock Activity		22.4
Dividends to Stockholders (per common share: $0.2325; $0.2250)				-78.7
Cumulative Effect of Accounting Principle Change - See Note 2			0	0
All Other Changes During Period			-1059.1			-1059.1
Balance at End of Period at Sep. 30, 2008	36.3	2539.3	-595.6	5510.1	-754.2	6735.9
Balance at Beginning of Year at Jun. 30, 2008	36.3
Balance at End of Period at Sep. 30, 2008	36.3
Balance at Beginning of Year at Dec. 31, 2008	36.3	2546.9	-958.2	5527.1	-754.2	6397.9
Net Income				653.2		653.2
Purchases of Treasury Stock					0
Common Stock Activity		31.6
Dividends to Stockholders (per common share: $0.2325; $0.2250)				-77.1
Cumulative Effect of Accounting Principle Change - See Note 2			-14.3	14.3
All Other Changes During Period			1237.4			1237.4
Balance at End of Period at Sep. 30, 2009	36.3	2578.5	264.9	6117.5	-754.2	8,243
Balance at Beginning of Year at Jun. 30, 2009	36.3
Balance at End of Period at Sep. 30, 2009	36.3

2_Statement Of Shareholders Equ

Statement Of Shareholders Equity And Other Comprehensive Income (Parenthetical) (Retained Earnings, USD $)
	Total
Dividends to Stockholders, per common share	0.225
Dividends to Stockholders, per common share	0.2325

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect Investment Based Operations (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Cash Flows from Operating Activities
Net Income	653.2	511.4
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities
Change in Receivables	78	-8.8
Change in Deferred Acquisition Costs	-50.8	(58)
Change in Insurance Reserves and Liabilities	335.4	662.8
Change in Income Taxes	73.3	-4.6
Change in Other Accrued Liabilities	-71.8	-81.7
Non-cash Adjustments to Net Investment Income	-200.4	-266.4
Net Realized Investment (Gain) Loss	-37.6	208.2
Depreciation	55	50.6
Other, Net	19.3	8.1
Net Cash Provided by Operating Activities	853.6	1021.6
Cash Flows from Investing Activities
Proceeds from Sales of Available-for-Sale Securities	1091.4	1561.6
Proceeds from Maturities of Available-for-Sale Securities	741.9	1004.5
Proceeds from Sales and Maturities of Other Investments	214.9	155.2
Purchase of Available-for-Sale Securities	-2548.5	-3194.8
Purchase of Other Investments	-183.9	-233.3
Net Sales of Short-term Investments	20.5	521.5
Acquisition of Business	0	48.8
Other, Net	-75.2	-64.3
Net Cash Used by Investing Activities	-738.9	-200.8
Cash Flows from Financing Activities
Maturities and Benefit Payments from Policyholder Accounts	(1)	-9.6
Net Short-term Debt Repayments	-190.5	(50)
Issuance of Long-term Debt	346.8	0
Long-term Debt Repayments	-29.2	-79.8
Issuance of Common Stock	6.3	3.6
Dividends Paid to Stockholders	-77.1	-78.7
Purchases of Treasury Stock	0	(700)
Other, Net	0.5	0.1
Net Cash Provided (Used) by Financing Activities	55.8	-914.4
Effect of Foreign Exchange Rate Changes on Cash	0.2	-6.2
Net Increase (Decrease) in Cash and Bank Deposits	170.7	-99.8
Cash and Bank Deposits at Beginning of Year	49.9	199.1
Cash and Bank Deposits at End of Period	220.6	99.3

Statement Of Other Comprehensiv

Statement Of Other Comprehensive Income (USD $)
In Millions	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Net Income	221.1	$108	653.2	511.4
Change in Net Unrealized Gains and Losses on Securities Before Reclassification Adjustment:
Change in Net Unrealized Gains and Losses on Securities Not Other-Than-Temporarily Impaired (net of tax expense (benefit) of $923.7; $(659.1); $1,487.8; $(1,089.4))	1738.5	-1225.7	2801.2	-2056.5
Change in Net Unrealized Gains and Losses on Securities Other-Than-Temporarily Impaired (net of tax expense of $7.6; $-; $7.0; $-)	14.2	0	13	0
Total Change in Net Unrealized Gains and Losses on Securities Before Reclassification Adjustment (net of tax expense (benefit) of $931.3; $(659.1); $1,494.8; $(1,089.4))	1752.7	-1225.7	2814.2	-2056.5
Reclassification Adjustment for Net Realized Investment Loss (net of tax benefit of $10.0; $27.1; $59.7; $28.2)	18.3	50.3	110.6	52.4
Change in Net Gain on Cash Flow Hedges (net of tax expense (benefit) of $(9.0); $38.9; $(51.5); $34.9)	-8.4	76.8	-99.4	72
Change in Adjustment to Reserves for Future Policy and Contract Benefits, Net of Reinsurance and Other (net of tax expense (benefit) of $(624.1); $291.8; $(896.7); $509.5)	-1183.6	543.1	-1692.2	983
Change in Foreign Currency Translation Adjustment (net of tax benefit of $-; $0.3; $0.4; $0.2)	-29.8	-118.5	87.1	(119)
Change in Unrecognized Pension and Postretirement Benefit Costs (net of tax expense of $4.4; $2.5; $9.8; $4.3)	7.6	5.4	17.1	9
Total Other Comprehensive Income (Loss)	556.8	-668.6	1237.4	-1059.1
Comprehensive Income (Loss)	777.9	-560.6	1890.6	-547.7

3_Statement Of Other Comprehens

Statement Of Other Comprehensive Income (Parenthetical) (USD $)
In Millions	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Change in Net Unrealized Gains and Losses on Securities Not Other-Than-Temporarily Impaired, tax expense (benefit)	923.7	-659.1	1487.8	-1089.4
Change in Net Unrealized Gains and Losses on Securities Other-Than-Temporarily Impaired, tax expense	7.6	0	7	0
Total Change in Net Unrealized Gains and Losses on Securities Before Reclassification Adjustment, tax expense (benefit)	931.3	-659.1	1494.8	-1089.4
Reclassification Adjustment for Net Realized Investment Loss, tax benefit	10	27.1	59.7	28.2
Change in Net Gain on Cash Flow Hedges, tax expense (benefit)	(9)	38.9	-51.5	34.9
Change in Adjustment to Reserves for Future Policy and Contract Benefits, Net of Reinsurance and Other, tax expense (benefit)	-624.1	291.8	-896.7	509.5
Change in Foreign Currency Translation Adjustment, tax benefit	0	0.3	0.4	0.2
Change in Unrecognized Pension and Postretirement Benefit Costs, tax expense	4.4	2.5	9.8	4.3

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 1 - Basis of Presentation	Note 1 - Basis of Presentation The accompanying consolidated financial statements of Unum Group and its subsidiaries (the Company) have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. For further information, refer to the consolidated financial statements and footnotes included in our annual report on Form 10-K for the year ended December31, 2008. In our opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Interim results are not necessarily indicative of full year performance. In connection with our preparation of the consolidated financial statements, we evaluated events that occurred subsequent to September30, 2009, for recognition or disclosure in our financial statements and notes to our financial statements. We performed our subsequent event review through the time at which the financial statements were issued on November 4, 2009.

Note 2 - Accounting Development

Note 2 - Accounting Developments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 2 - Accounting Developments	Note 2 - Accounting Developments Standards Adopted in 2009: Accounting Standards Codification (ASC) 105 Generally Accepted Accounting Principles In June 2009, the Financial Accounting Standards Board (FASB) established the FASB Accounting Standards Codification (Codification) as the source of authoritative accounting principles to be applied by nongovernmental entities in the preparation of financial statements in conformity with GAAP.Securities and Exchange Commission (SEC) rules and interpretive releases, which may not be included in their entirety within the Codification, will remain as authoritative GAAP for SEC registrants.We adopted this standard effective July1, 2009. This standard had no effect on our financial position or results of operations. ASC 320 Investments - Debt and Equity Securities In April 2009, the FASB issued a new accounting standard, now included in ASC 320, which amends the other-than-temporary impairment guidance for debt securities and expands and increases the frequency of previously existing disclosures for other-than-temporary impairments. The measure of impairment remains fair value. Under the standard, an other-than-temporary impairment must be recognized in earnings for a debt security in an unrealized loss position when an entity either (a)has the intent to sell the debt security or (b)more likely than not will be required to sell the debt security before its anticipated recovery. The amount of impairment recognized is equal to the difference between amortized cost and fair value. For all debt securities in unrealized loss positions that do not meet either of these two criteria, the standard requires that an entity analyze its ability to recover the amortized cost by comparing the present value of cash flows with the amortized cost of the security. If the present value of our best estimate of cash flows expected to be collected is less than the amortized cost of the security, an other-than-temporary impairment is recorded. The impairment loss is separated into two components, the portion of the impairment related to credit and the portion related to factors other than credit. The credit related portion of an other-than-temporary impairment, which is the difference between the amortized cost of the security and the present value of cash flows expected to be collected, is recognized in earnings. Other-than-temporary impairments related to factors other than credit are charged to earnings if it is unlikely that the fair value of the security will recover prior to its disposal. Otherwise, non-credit related other-than-temporary impairments are charged to other comprehensive income, net of tax. We adopted this standard effective April1, 2009. The cumulative effect of applying the provisions of this standard increased the April1, 2009 opening balance of retained earnings $14.3 million, net of tax of $7.7 million, with a corresponding adjustment to accumulated other comprehensive income (loss). ASC 815 Derivatives and Hedging In March 2008, the FASB issued a new accounting standard, now included in ASC 815, to provide additional guidance intended to improve financial reporting about derivative ins

Note 3 - Fair Values of Financi

Note 3 - Fair Values of Financial Instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 3 - Fair Values of Financial Instruments	Note 3 - Fair Values of Financial Instruments We use the following methods and assumptions in estimating the fair values of our financial instruments: Fixed Maturity Securities: Fair values are based on quoted market prices, where available. For fixed maturity securities not actively traded, fair values are generally estimated using values obtained from independent pricing services. For certain private placements, fair values are estimated using internally prepared valuations combining matrix pricing with vendor purchased software programs, including valuations based on estimates of future profitability. Additionally, we obtain prices from independent third-party brokers to establish valuations for certain of these securities. See Note 4 for further discussion of fair value measurements. Mortgage Loans: Fair values are estimated using discounted cash flow analyses and interest rates currently being offered for similar loans to borrowers with similar credit ratings and maturities. Loans with similar characteristics are aggregated for purposes of the calculations. Policy Loans: Fair values for policy loans, net of reinsurance ceded, are estimated using discounted cash flow analyses and interest rates currently being offered to policyholders with similar policies. The carrying amounts of ceded policy loans of $2,656.3 million and $2,555.6 million as of September30, 2009 and December31, 2008, are reported on a gross basis in the consolidated balance sheets and approximate fair value. Other Long-term Investments: Fair values for derivatives other than embedded derivatives in modified coinsurance arrangements are based on market quotes or pricing models and represent the net amount of cash we would have received if the contracts had been settled or closed as of the last day of the period. We do not net any cash collateral received from our counterparties against the fair value of our derivative instruments. Carrying amounts approximate fair value for other long-term investments. Policyholders Funds: Policyholders funds are comprised primarily of deferred annuity products and supplementary contracts without life contingencies. The carrying amounts approximate fair value. Fair values for insurance contracts other than investment contracts are not required to be disclosed. However, the fair values of liabilities under all insurance contracts are taken into consideration in our overall management of interest rate risk, which minimizes exposure to changing interest rates through the matching of investment maturities with amounts due under insurance contracts. Short-term and Long-term Debt: Fair values are obtained from independent pricing services or discounted cash flow analyses based on current incremental borrowing rates for similar types of borrowing arrangements. Other Liabilities: Fair values for derivatives other than embedded derivatives in modified coinsurance arrangements are based on market quotes or pricing models and represent the net amount of cash we would have paid if the contracts had been settled or closed as of the last day of the period. Fair values for our embedded derivative in a modified coinsurance arrangemen

Note 4 - Investments

Note 4 - Investments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 4 - Investments	Note 4 - Investments Fixed Maturity Securities The amortized cost and fair values of securities by security type as of September30, 2009 and December31, 2008 are shown as follows. Certain prior year amounts have been reclassified by security type to conform to current year presentation. September30, 2009 (in millions of dollars) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Other-Than- Temporary Impairments in AOCI (1) Available-for-Sale Securities United States Government and Government Agencies and Authorities $ 1,587.2 $ 105.4 $ 67.8 $ 1,624.8 $ States, Municipalities, and Political Subdivisions 526.8 46.5 30.5 542.8 Foreign Governments 1,375.3 148.7 0.2 1,523.8 Public Utilities 8,123.6 667.1 107.1 8,683.6 Mortgage/Asset-Backed Securities 3,438.5 346.1 5.2 3,779.4 All Other Corporate Bonds 20,255.4 1,671.3 571.5 21,355.2 12.2 Redeemable Preferred Stocks 87.3 3.2 84.1 Total Fixed Maturity Securities $ 35,394.1 $ 2,985.1 $ 785.5 $ 37,593.7 $ 12.2 (1) Accumulated Other Comprehensive Income (Loss) December31, 2008 (in millions of dollars) Amortized Cost Gross Unrealized Gain Gross Unrealized Loss Fair Value Available-for-Sale Securities United States Government and Government Agencies and Authorities $ 1,594.6 $ 194.9 $ 63.1 $ 1,726.4 States, Municipalities, and Political Subdivisions 162.7 3.5 5.2 161.0 Foreign Governments 1,069.3 117.8 12.5 1,174.6 Public Utilities 7,554.5 115.8 799.1 6,871.2 Mortgage/Asset-Backed Securities 3,691.7 308.9 55.1 3,945.5 All Other Corporate Bonds 19,949.1 537.3 2,439.1 18,047.3 Redeemable Preferred Stocks 385.7 177.6 208.1 Total Fixed Maturity Securities $ 34,407.6 $ 1,278.2 $ 3,551.7 $ 32,134.1 The following charts indicate the length of time our fixed maturity securities had been in a gross unrealized loss position as of September30, 2009 and December31, 2008. September30, 2009 (in millions of dollars) Less Than 12 Months 12 Months or Greater Fair Value Gross Unrealized Loss FairValue Gross Unrealized Loss Available-for-Sale Securities United States Government and Government Agencies and Authorities $ 61.9 $ 5.2 $ 574.7 $ 62.6 States, Municipalities, and Political Subdivisions 156.9 30.5 Foreign Governments 8.9 41.8 0.2 Public Utilities 235.6 7.2 1,297.4 99.9 Mortgage/Asset-Backed Securities 278.9 5.2 All Other Corporate Bonds 286.9 22.3 4,606.0 549.2 Redeemable Preferred Stocks 24.4 3.2

Note 5 - Derivative Financial I

Note 5 - Derivative Financial Instruments
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 5 - Derivative Financial Instruments	Note 5 - Derivative Financial Instruments Purpose of Derivatives We are exposed to certain risks relating to our ongoing business operations. The primary risks managed by using derivative instruments are interest rate risk, risk related to matching duration for our assets and liabilities, and foreign currency risk. Historically, we have utilized interest rate futures contracts, current and forward interest rate swaps and options on forward interest rate swaps, current and forward currency swaps, interest rate forward contracts, forward treasury locks, currency forward contracts, and forward contracts on specific fixed income securities. Almost all hedging transactions are associated with our individual and group long-term care and individual and group disability products. All other product portfolios are periodically reviewed to determine if hedging strategies would be appropriate for risk management purposes. Our cash flow hedging programs are as follows: Interest rate swaps are used to hedge interest rate risks and to improve the matching of assets and liabilities. An interest rate swap is an agreement in which we agree with other parties to exchange, at specified intervals, the difference between fixed rate and variable rate interest amounts. The purpose of these swaps is to hedge the anticipated purchase of long-term bonds thereby protecting us from the potential adverse impact of declining interest rates on the associated policy reserves. We also use interest rate swaps to hedge the potential adverse impact of rising interest rates in anticipation of issuing fixed rate long-term debt. Foreign currency interest rate swaps are used to hedge the currency risk of certain foreign currency denominated long-term bonds owned for portfolio diversification and to hedge the currency risk associated with certain of the interest payments and debt repayments of the U.S. dollar denominated debt issued by one of our U.K. subsidiaries. For long-term bonds, we agree to pay, at specified intervals, fixed rate foreign currency denominated principal and interest payments in exchange for fixed rate payments in the functional currency of the operating segment. For debt issued, we agree to pay, at specified intervals, fixed rate foreign currency denominated principal and interest payments to the counterparty in exchange for fixed rate U.S. dollar denominated interest payment. Options on forward interest rate swaps are used to hedge the interest rate risk on certain insurance liabilities with minimum interest rate guarantees. By purchasing options on interest rate swaps, we are able to lock in the minimum investment yields needed to meet the required interest rate guarantee on the insurance liabilities. Forward treasury locks are used to minimize interest rate risk associated with the anticipated purchase or disposal of fixed maturity securities. A forward treasury lock is a derivative contract without an initial investment where we and the counterparty agree to purchase or sell a specific U.S. Treasury bond at a future date at a pre-determined price. Foreign currency forward contracts are used to

Note 6 - Segment Information

Note 6 - Segment Information
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 6 - Segment Information	Note 6 - Segment Information Our reporting segments are comprised of the following: Unum US, Unum UK, Colonial Life, Individual Disability Closed Block, and Corporate and Other. Prior year results by segment have been reclassified to conform to modifications made to our reporting segments effective with the fourth quarter of 2008. Premium income by major line of business within each of our segments is presented as follows: ThreeMonthsEndedSeptember30 NineMonthsEndedSeptember30 2009 2008 2009 2008 (in millions of dollars) Unum US Group Disability Group Long-term Disability $ 427.4 $ 456.9 $ 1,298.9 $ 1,379.3 Group Short-term Disability 110.0 105.5 325.2 325.1 Group Life and Accidental Death Dismemberment Group Life 266.8 267.2 793.6 796.6 Accidental Death Dismemberment 26.6 33.1 79.6 96.7 Supplemental and Voluntary Individual Disability - Recently Issued 118.5 118.6 356.6 352.9 Long-term Care 147.9 146.3 444.8 431.5 Voluntary Benefits 118.0 111.5 366.5 334.3 1,215.2 1,239.1 3,665.2 3,716.4 Unum UK Group Long-term Disability 121.6 167.9 375.8 531.5 Group Life 38.1 46.8 104.2 145.1 Individual Disability 10.0 10.0 26.1 30.4 169.7 224.7 506.1 707.0 Colonial Life Accident, Sickness, and Disability 156.2 152.6 467.8 452.7 Life 41.1 39.1 123.1 116.6 Cancer and Critical Illness 56.2 53.5 166.8 158.9 253.5 245.2 757.7 728.2 Individual Disability - Closed Block 221.5 237.5 679.1 713.1 Corporate and Other 1.2 1.7 0.9 Total $ 1,861.1 $ 1,946.5 $ 5,609.8 $ 5,865.6 Selected operating statement data by segment is presented as follows: Unum US UnumUK Colonial Life Individual Disability- Closed Block Corporate and Other Total (in millions of dollars) Three Months Ended September30, 2009 Total Premium Income $ 1,215.2 $ 169.7 $ 253.5 $ 221.5 $ 1.2 $ 1,861.1 Net Investment Income 302.8 22.5 29.4 184.4 40.5 579.6 Other Income 28.8 0.6 0.1 24.3 8.1 61.9 Operating Revenue $ 1,546.8 $ 192.8 $ 283.0 $ 430.2 $ 49.8 $ 2,502.6 Operating Income (Loss) $ 197.1 $ 58.7 $ 70.4 $ 7.2 $ (13.7 ) $ 319.7 Three Months Ended September30, 2008 Total Premium

Note 7 - Pensions and Other Pos

Note 7 - Pensions and Other Postretirement Benefits
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 7 - Pensions and Other Postretirement Benefits	Note 7 - Pensions and Other Postretirement Benefits The components of net periodic benefit cost related to the Company sponsored defined benefit pension and postretirement plans for our employees are as follows: Three Months Ended September30 2009 2008 2009 2008 2009 2008 (in millions of dollars) Pension Benefits PostretirementBenefits U.S. Plans Non U.S. Plans Service Cost $ 7.4 $ 7.2 $ 1.4 $ 2.0 $ 0.8 $ 0.8 Interest Cost 16.0 14.6 2.3 2.8 2.9 2.9 Expected Return on Plan Assets (13.2 ) (15.0 ) (2.5 ) (3.1 ) (0.2 ) (0.2 ) Amortization of: Net Actuarial Loss 10.3 3.5 0.6 0.7 Prior Service Credit (0.1 ) (0.6 ) (0.8 ) (0.8 ) Net Periodic Benefit Cost $ 20.4 $ 9.7 $ 1.8 $ 2.4 $ 2.7 $ 2.7 Nine Months Ended September30 2009 2008 2009 2008 2009 2008 (in millions of dollars) Pension Benefits PostretirementBenefits U.S. Plans Non U.S. Plans Service Cost $ 22.2 $ 21.5 $ 3.8 $ 6.3 $ 2.2 $ 2.4 Interest Cost 48.0 43.7 6.5 8.5 8.5 8.6 Expected Return on Plan Assets (39.5 ) (44.8 ) (6.9 ) (9.5 ) (0.5 ) (0.5 ) Amortization of: Net Actuarial Loss 30.8 10.5 1.7 2.1 Prior Service Credit (0.4 ) (1.7 ) (2.2 ) (2.5 ) Transition Asset (0.1 ) Net Periodic Benefit Cost $ 61.1 $ 29.2 $ 5.1 $ 7.3 $ 8.0 $ 8.0 We had no regulatory contribution requirements for our U.S. qualified defined benefit plan in 2009, but we elected to make $70.0 million of voluntary contributions in the first nine months of 2009. For our U.K. operation, which maintains a separate defined benefit plan, we made required contributions totaling $1.3 million and $4.0 million in the third quarter and first nine months of 2009, respectively.

Note 8 - Stockholders' Equity a

Note 8 - Stockholders' Equity and Earnings Per Common Share
	1/1/2009 - 9/30/2009 USD / shares
Notes to Financial Statements [Abstract]
Note 8 - Stockholders' Equity and Earnings Per Common Share	Note 8 - Stockholders Equity and Earnings Per Common Share Net income per common share is determined as follows: ThreeMonthsEndedSeptember30 NineMonthsEndedSeptember30 2009 2008 2009 2008 (in millions of dollars, except share data) Numerator Net Income $ 221.1 $ 108.0 $ 653.2 $ 511.4 Denominator (000s) Weighted Average Common Shares - Basic 331,411.2 337,236.4 331,132.6 344,440.3 Dilution for Assumed Exercises of Stock Options and Nonvested Stock Awards 1,210.9 676.4 718.0 671.6 Weighted Average Common Shares Assuming Dilution 332,622.1 337,912.8 331,850.6 345,111.9 Net Income Per Common Share Basic $ 0.67 $ 0.32 $ 1.97 $ 1.48 Assuming Dilution $ 0.66 $ 0.32 $ 1.97 $ 1.48 We use the treasury stock method to account for the effect of outstanding stock options, nonvested stock awards, and performance restricted stock units on the computation of dilutive earnings per share. Under this method, these potential common shares will each have a dilutive effect, as individually measured, when the average market price of Unum Group common stock during the period exceeds the exercise price of the stock options, the grant price of the nonvested stock awards, and/or the threshold stock price of performance restricted stock units. The outstanding stock options have exercise prices ranging from $11.37 to $58.56, the nonvested stock awards have grant prices ranging from $10.59 to $26.25, and the performance restricted stock units have a threshold stock price of $26.00. In computing earnings per share assuming dilution, only potential common shares that are dilutive (those that reduce earnings per share) are included. Potential common shares not included in the computation of dilutive earnings per share because their impact would be antidilutive, based on current market prices, approximated 6.4million and 7.4million shares of common stock for the three and nine month periods ended September30, 2009, and 7.9million and 8.0million common shares for the three and nine month periods ended September30, 2008. Unum Group has 25,000,000 shares of preferred stock authorized with a par value of $0.10 per share. No preferred stock has been issued to date. During 2007, Unum Groups board of directors authorized the repurchase of up to $700.0 million of Unum Group common stock. In January 2008, we repurchased approximately 14.0million shares for $350.0 million, using an accelerated share repurchase agreement. Under the terms of the repurchase agreement, we were to receive, or be required to pay, a price adjustment based on the volume weighted average price of Unum Group common stock during the term of the agreement. Any price adjustment payable to us was to be settled in shares of Unum Groupcommon stock. Any price adjustment we would have been required to pay was to be settled, at our option, in either cash or common stock. A 30 percent partial acceleration of the agr

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingent Liabilities
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 9 - Commitments and Contingent Liabilities	Note 9 - Commitments and Contingent Liabilities We are a defendant in a number of litigation matters. In some of these matters, no specified amount is sought. In others, very large or indeterminate amounts, including punitive and treble damages, are asserted. There is a wide variation of pleading practice permitted in the United States courts with respect to requests formonetary damages, including some courts in which no specified amount is required and others which allow the plaintiff to state only that the amount sought is sufficient to invoke the jurisdiction of that court. Further, some jurisdictions permit plaintiffs to allege damages well in excess of reasonably possible verdicts. Based on our extensive experience and that of others in the industrywith respect to litigatingor resolving claims through settlement over an extended period of time, we believe that the monetary damages asserted ina lawsuit or claim bear little relation tothe merits of the case, or the likely disposition value. Therefore, the specific monetary relief sought is not stated. Unless indicated otherwise in the descriptions below, reserves have not been established for litigation and contingencies. An estimated loss is accrued when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. In the disclosures that follow about litigation, we refer to the name of the company specified in the original complaint, following the practice in the courts. Therefore, references to UnumProvident Corporation should be understood as references to Unum Group. Claims Handling Matters Multidistrict Litigation Between November22, 2002 and March11, 2003 five purported derivative actions were filed in state and federal courts in Tennessee. The defendants removed each of the actions that were filed in Tennessee state court to the U.S. District Court for the Eastern District of Tennessee, and the cases were consolidated. The plaintiffs then filed a single consolidated amended complaint, which purports to assert claims on behalf of the Company against certain current and past members of our Board of Directors and certain executive officers alleging breaches of fiduciary duties and other violations of law by establishing or permitting to be established an unlawful policy of denying legitimate disability claims and improper financial reporting, and that certain defendants engaged in insider trading. On August27, 2008, the parties entered into a stipulation of settlement to resolve the litigation. Under the terms of the settlement, which is subject to, among other things, approval of the court, we agreed to, among other things, implement or continue certain corporate governance measures and pay plaintiffs attorneys fees in an amount to be determined by the court. We have established adequate reserves for the attorneys fees, the payment of which we believe will be an immaterial amount. Other Claim Litigation We and our insurance subsidiaries, as part of our normal operations in managing disability claims, are engaged in claim litigation where disputes arise as a result of a denial or termination of benefits. Most typic

Note 10 - Other

Note 10 - Other
	9 Months Ended Sep. 30, 2009 USD / shares
Notes to Financial Statements [Abstract]
Note 10 - Other	Note 10 - Other Debt In September 2009, we issued $350.0 million of unsecured senior notes in a public offering. These notes, due in 2016, bear interest at a fixed rate of 7.125% and are payable semi-annually. The notes are callable at or above par and rank equally in right of payment with all of our other unsecured and unsubordinated debt. In addition, these notes are effectively subordinated to any indebtedness of our subsidiaries. During the nine months ended September30, 2009, we made principal payments of $19.9 million and $7.5 million on our senior secured non-recourse variable rate notes issued by Northwind Holdings, LLC and Tailwind Holdings, LLC, respectively. We also purchased and retired the remaining $132.2 million of our 5.859% senior notes due May 2009, $1.2 million aggregate principal of our 7.19% medium-term notes due 2028, and $0.6 million aggregate principal of our 6.75% notes due 2028 and repaid $58.3 million of reverse repurchase agreements outstanding at December31, 2008. Income Tax At September30, 2009, we had a liability of $148.3 million for unrecognized tax benefits, $133.1 million of which is associated with deferred tax assets. The total unrecognized tax benefit that would impact the effective tax rate, if recognized, is $15.2 million. The interest expense and penalties related to unrecognized tax expense in the consolidated statements of income are $2.2 million and $4.8 million, respectively, for the three and nine month periods ended September30,2009. In thefirst quarter of 2009, we had an initial administrative appeals conference with the Internal Revenue Service (IRS) for the years 2002 to 2004. It is reasonably possible that our appeal of prior year IRS audit adjustments will be resolved in whole or in part within 12 months and that statutes of limitations may expire in multiple jurisdictions within that same time frame.As a result, the liability for unrecognized tax benefits could significantly increase or decrease within 12 months.An estimate of the range of the reasonably possible change in the unrecognized tax benefits associated with these events cannot be made at this time. We believe sufficient provision has been made for all potential tax adjustments and that such adjustments would not have a material adverse effect on our financial position, liquidity, or results of operations.

Document Information

Document Information
	9 Months Ended Sep. 30, 2009 USD / shares
Document Information [Text Block]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	2009-09-30

Entity Information

Entity Information (USD $)
	9 Months Ended Sep. 30, 2009	Nov. 02, 2009
Entity [Text Block]
Trading Symbol	UNM
Entity Registrant Name	Unum Group
Entity Central Index Key	0000005513
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		331,764,281