ANNUAL STATEMENT FOR THE YEAR 2017 OF THE UNUM LIFE INSURANCE COMPANY OF AMERICA ASSETS Current Year Prior Year 1 2 3 4 Net Admitted Assets Net Admitted Assets Nonadmitted Assets (Cols. 1 - 2) Assets 1. Bonds (Schedule D) 18,345,053,497 18,345,053,497 18,337,598,974 2. Stocks (Schedule D): 2.1 Preferred stocks 29,000,000 29,000,000 19,000,000 2.2 Common stocks 42,321,025 42,321,025 47,555,820 3. Mortgage loans on real estate (Schedule B): 3.1 First liens 1,107,275,714 1,107,275,714 915,609,814 3.2 Other than first liens 4. Real estate (Schedule A): 4.1 Properties occupied by the company (less $ 0 encumbrances) 58,690,571 58,690,571 59,780,280 4.2 Properties held for the production of income (less $ encumbrances) 4.3 Properties held for sale (less $ 0 encumbrances) 5,998,500 5,998,500 5,998,500 5. Cash ($ (31,553,383) , Schedule E - Part 1), cash equivalents ($ 199,954,926 , Schedule E - Part 2) and short-term investments ($ , Schedule DA) 168,401,543 168,401,543 57,890,656 6. Contract loans (including $ 0 premium notes) 56,145,331 56,145,331 58,774,401 7. Derivatives (Schedule DB) 6,736,926 6,736,926 14,767,807 8. Other invested assets (Schedule BA) 523,014,436 523,014,436 472,228,790 9. Receivables for securities 1,408,853 1,408,853 438,851 10. Securities lending reinvested collateral assets (Schedule DL) 26,893,345 26,893,345 24,166,983 11. Aggregate write-ins for invested assets 12. Subtotals, cash and invested assets (Lines 1 to 11) 20,370,939,742 20,370,939,742 20,013,810,875 13. Title plants less $ charged off (for Title insurers only) 14. Investment income due and accrued 256,920,604 256,920,604 258,229,504 15. Premiums and considerations: 15.1 Uncollected premiums and agents' balances in the course of collection 292,430,138 23,618,562 268,811,575 264,224,168 15.2 Deferred premiums and agents' balances and installments booked but deferred and not yet due (including $ earned but unbilled premiums) 358,063 358,063 436,762 15.3 Accrued retrospective premiums ($ ) and contracts subject to redetermination ($ ) 0 139,071 16. Reinsurance: 16.1 Amounts recoverable from reinsurers 65,457,295 29,168 65,428,127 66,101,291 16.2 Funds held by or deposited with reinsured companies 16.3 Other amounts receivable under reinsurance contracts 42,304,612 42,304,612 36,907,236 17. Amounts receivable relating to uninsured plans 13,842,140 1,141,895 12,700,245 7,914,827 18.1 Current federal and foreign income tax recoverable and interest thereon 8,089,551 8,089,551 0 18.2 Net deferred tax asset 223,495,702 65,335,012 158,160,690 184,347,690 19. Guaranty funds receivable or on deposit 31,352,343 31,352,343 8,267,230 20. Electronic data processing equipment and software 21. Furniture and equipment, including health care delivery assets ($ ) 3,171,870 3,171,870 0 0 22. Net adjustment in assets and liabilities due to foreign exchange rates 23. Receivables from parent, subsidiaries and affiliates 24. Health care ($ ) and other amounts receivable 10,023,530 10,023,530 0 0 25. Aggregate write-ins for other than invested assets 233,369,026 2,588,943 230,780,083 229,415,341 26. Total assets excluding Separate Accounts, Segregated Accounts and Protected Cell Accounts (Lines 12 to 25) 21,551,754,615 105,908,980 21,445,845,635 21,069,793,996 27. From Separate Accounts, Segregated Accounts and Protected Cell Accounts 9,154,676 9,154,676 7,964,131 28. Total (Lines 26 and 27) 21,560,909,291 105,908,980 21,455,000,311 21,077,758,126 DETAILS OF WRITE-INS 1101. 1102. 1103. 1198. Summary of remaining write-ins for Line 11 from overflow page 1199. Totals (Lines 1101 thru 1103 plus 1198)(Line 11 above) 2501. Corporate owned life insurance 204,177,794 204,177,794 201,053,350 2502. State premium tax credits 12,730,253 12,730,253 16,753,411 2503. Other miscellaneous assets 6,214,414 2,588,943 3,625,471 2,844,757 2598. Summary of remaining write-ins for Line 25 from overflow page 10,246,564 10,246,564 8,763,823 2599. Totals (Lines 2501 thru 2503 plus 2598)(Line 25 above) 233,369,026 2,588,943 230,780,083 229,415,341 2 ANNUAL STATEMENT FOR THE YEAR 2017 OF THE UNUM LIFE INSURANCE COMPANY OF AMERICA LIABILITIES, SURPLUS AND OTHER FUNDS 1 2 Current Year Prior Year 1. Aggregate reserve for life contracts $ 943,556,000 (Exh. 5, Line 9999999) less $ included in Line 6.3 (including $ 0 Modco Reserve) 943,556,000 963,751,344 2. Aggregate reserve for accident and health contracts (including $ 4,467,015,468 Modco Reserve) 7,545,784,629 7,756,169,139 3. Liability for deposit-type contracts (Exhibit 7, Line 14, Col. 1) (including $ 0 Modco Reserve) 923,741,450 925,348,062 4. Contract claims: 4.1 Life (Exhibit 8, Part 1, Line 4.4, Col. 1 less sum of Cols. 9, 10 and 11) 249,593,394 235,055,352 4.2 Accident and health (Exhibit 8, Part 1, Line 4.4, sum of Cols. 9, 10 and 11) 529,918,686 524,130,306 5. Policyholders’ dividends $ and coupons $ due and unpaid (Exhibit 4, Line 10) 6. Provision for policyholders’ dividends and coupons payable in following calendar year - estimated amounts: 6.1 Dividends apportioned for payment (including $ 0 Modco) 9,580,000 9,880,000 6.2 Dividends not yet apportioned (including $ Modco) 6.3 Coupons and similar benefits (including $ Modco) 7. Amount provisionally held for deferred dividend policies not included in Line 6 8. Premiums and annuity considerations for life and accident and health contracts received in advance less $ 0 discount; including $ 22,470,461 accident and health premiums (Exhibit 1, Part 1, Col. 1, sum of lines 4 and 14) 35,854,725 38,252,665 9. Contract liabilities not included elsewhere: 9.1 Surrender values on canceled contracts 9.2 Provision for experience rating refunds, including the liability of $ 3,487,916 accident and health experience rating refunds of which $ is for medical loss ratio rebate per the Public Health Service Act 4,263,535 3,574,288 9.3 Other amounts payable on reinsurance, including $ 4,639,915 assumed and $ 66,609,759 ceded 71,249,674 87,699,059 9.4 Interest maintenance reserve (IMR, Line 6) 17,629,449 14,670,626 10. Commissions to agents due or accrued-life and annuity contracts $ 10,280,385 accident and health $ 37,574,710 and deposit-type contract funds $ 0 47,855,095 45,320,250 11. Commissions and expense allowances payable on reinsurance assumed 109,011 52,783 12. General expenses due or accrued (Exhibit 2, Line 12, Col. 6) 224,000 848,241 13. Transfers to Separate Accounts due or accrued (net) (including $ accrued for expense allowances recognized in reserves, net of reinsured allowances) 14. Taxes, licenses and fees due or accrued, excluding federal income taxes (Exhibit 3, Line 9, Col. 5) 27,004,878 16,925,595 15.1 Current federal and foreign income taxes, including $ on realized capital gains (losses) 0 6,507,379 15.2 Net deferred tax liability 16. Unearned investment income 993,350 1,036,747 17. Amounts withheld or retained by company as agent or trustee 2,031,773 1,799,205 18. Amounts held for agents' account, including $ agents' credit balances 19. Remittances and items not allocated 73,123,500 69,767,714 20. Net adjustment in assets and liabilities due to foreign exchange rates 21. Liability for benefits for employees and agents if not included above 22. Borrowed money $ and interest thereon $ 23. Dividends to stockholders declared and unpaid 24. Miscellaneous liabilities: 24.01 Asset valuation reserve (AVR, Line 16, Col. 7) 275,427,863 260,256,711 24.02 Reinsurance in unauthorized and certified ($ ) companies 6,928,150 722,451 24.03 Funds held under reinsurance treaties with unauthorized and certified ($ ) reinsurers 8,758,974,383 8,228,572,393 24.04 Payable to parent, subsidiaries and affiliates 57,117,459 71,698,026 24.05 Drafts outstanding 24.06 Liability for amounts held under uninsured plans 762,672 762,672 24.07 Funds held under coinsurance 24.08 Derivatives 17,091,073 16,227,456 24.09 Payable for securities 24.10 Payable for securities lending 26,893,345 24,166,983 24.11 Capital notes $ and interest thereon $ 25. Aggregate write-ins for liabilities 92,096,472 80,081,591 26. Total liabilities excluding Separate Accounts business (Lines 1 to 25) 19,717,804,565 19,383,277,040 27. From Separate Accounts Statement 9,154,676 7,964,131 28. Total liabilities (Lines 26 and 27) 19,726,959,241 19,391,241,171 29. Common capital stock 5,000,000 5,000,000 30. Preferred capital stock 31. Aggregate write-ins for other than special surplus funds 15,842,208 21,327,258 32. Surplus notes 33. Gross paid in and contributed surplus (Page 3, Line 33, Col. 2 plus Page 4, Line 51.1, Col. 1) 1,097,211,213 1,097,211,213 34. Aggregate write-ins for special surplus funds 35.