2017 Annual Report

Selected Financial Data

At or for the Year Ended December 31 2017 2016 2015 2014 2013
(in millions of dollars, except share data)
Income Statement Data
Revenue
Premium Income $ 8,597.1 $ 8,357.7 $ 8,082.4 $ 7,797.2 $ 7,624.7
Net Investment Income 2,451.7 2,459.0 2,481.2 2,492.2 2,506.9
Net Realized Investment Gain (Loss) 40.3 24.2 (43.8) 16.1 6.8
Other Income 197.7 205.6 211.5 219.0 230.2
Total Revenue 11,286.8 11,046.5 10,731.3 10,524.5 10,368.6
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits(1) 7,055.7 6,941.8 6,782.8 7,310.8 6,595.7
Commissions 1,060.8 1,026.7 996.3 935.3 909.5
Interest and Debt Expense 159.9 166.0 152.8 167.5 149.4
Other Expenses(2) 1,606.4 1,564.3 1,561.1 1,568.9 1,494.0
Total Benefits and Expenses 9,882.8 9,698.8 9,493.0 9,982.5 9,148.6
Income Before Income Tax 1,404.0 1,347.7 1,238.3 542.0 1,220.0
Income Tax 409.8 416.3 371.2 139.9 373.0
Net Income $ 994.2 $ 931.4 $ 867.1 $ 402.1 $ 847.0
Balance Sheet Data
Assets $ 64,013.1 $ 61,941.5 $ 60,563.6 $ 62,422.5 $ 59,345.6
Long-term Debt $ 2,738.4 $ 2,999.4 $ 2,449.4 $ 2,601.6 $ 2,583.5
Accumulated Other Comprehensive Income (Loss) $ 127.5 $ (51.0) $ 16.1 $ 166.4 $ 255.0
Other Stockholders’ Equity 9,447.4 9,019.0 8,647.8 8,355.5 8,384.9
Total Stockholders’ Equity $ 9,574.9 $ 8,968.0 $ 8,663.9 $ 8,521.9 $ 8,639.9
Per Share Data
Net Income
Basic $ 4.39 $ 3.96 $ 3.51 $ 1.57 $ 3.20
Assuming Dilution $ 4.37 $ 3.95 $ 3.50 $ 1.57 $ 3.19
Stockholders’ Equity $ 43.02 $ 39.02 $ 35.96 $ 33.78 $ 33.23
Cash Dividends $ 0.86 $ 0.77 $ 0.70 $ 0.62 $ 0.55
Weighted Average Common Shares Outstanding
Basic (000s) 226,492.4 235,445.7 246,986.7 255,525.9 264,725.8
Assuming Dilution (000s) 227,335.2 235,979.2 247,854.7 256,652.8 265,949.2
  1. Includes a reserve increase of $698.2 million in 2014 related to our long-term care closed block business.
  2. Includes the net change in deferred acquisition costs as well as compensation expense and other expenses. Includes $64.4 million in 2014 related to a settlement loss for a pension plan amendment.