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Unum 2007 Annual Report 143
Cautionary Statement Regarding
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” to encourage companies to provide prospective information, as
long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important
factors that could cause actual results to differ materially from those included in the forward-looking statements. Certain information
contained in this Annual Report, or in any other written or oral statements made by us in communications with the financial community
or contained in documents filed with the Securities and Exchange Commission (SEC), may be considered forward-looking. Forward-looking
statements are those not based on historical information, but rather relate to future operations, strategies, financial results, or other
developments and speak only as of the date made. These statements may be made directly in this document or may be made part of this
document by reference to other documents filed by us with the SEC, which is known as “incorporation by reference.” You can find many of
these statements by looking for words such as “will,” “may,” “should,” “could,” “believes,” “expects,” “anticipates,” “estimates,” “intends,”
“projects,” “goals,” “objectives,” or similar expressions in this document or in documents incorporated herein.
These forward-looking statements are subject to numerous assumptions, risks, and uncertainties, many of which are beyond our
control. We caution readers that the following factors, in addition to other factors mentioned from time to time, may cause actual results
to differ materially from those contemplated by the forward-looking statements:
 •Generaleconomicorbusinessconditions,bothdomesticandforeign,maybelessfavorablethanexpected,whichmayaffect
premium levels, claims experience, the level of pension benefit costs and funding, the availability of capital, and investment
results, including credit deterioration of investments.
 •Competitivepressuresintheinsuranceindustrymayincreasesignicantlythroughindustryconsolidationorotherwise.
 •Eventsorconsequencesrelatingtoterrorismandactsofwar,bothdomesticandforeign,mayadverselyaffectourbusinessand
the Company’s results of operations in a period and may also affect the availability and cost of reinsurance.
 •Legislative,regulatory,ortaxchanges,bothdomesticandforeign,mayadverselyaffectthebusinessesinwhichweareengaged.
 •Ratingagencyactions,stateinsurancedepartmentmarketconductexaminationsandotherinquiries,othergovernmentalinvestigations
and actions, and negative media attention may adversely affect our business and the Company’s results of operations in a period.
 •Thelevelandresultsoflitigationandrulingsinthemultidistrictlitigationorotherpurportedclassactionsmaynotbefavorableto
the Company and may adversely affect our business and the Company’s results of operations in a period.
 •Investmentresults,including,butnotlimitedto,realizedinvestmentlossesresultingfromimpairments,maydifferfromour
assumptions and prior experience and may adversely affect our business and the Company’s results of operations in a period.
 •Changesintheinterestrateenvironmentmayadverselyaffectourreserveandpolicyassumptionsandultimatelyprotmargins
and reserve levels.
 •Salesgrowthmaybelessthanplanned,whichcouldaffectadverselyrevenueandprotability.
 •Effectivenessinsupportingnewproductofferingsandprovidingcustomerservicemaynotmeetexpectations.
 •Actualexperienceinpricing,underwriting,andreservingmaydeviatefromourassumptions.
 •Actualpersistencymaybelowerthanprojectedpersistency,resultinginlowerthanexpectedrevenueandhigherthanexpected
amortization of deferred acquisition costs.
 •Claimincidenceandrecoveryratesmaybeinuencedby,amongotherfactors,therateofunemploymentandconsumercondence,
the emergence of new diseases, epidemics, or pandemics, new trends and developments in medical treatments, the effectiveness
of risk management programs, and the effects of the changes required by the regulatory settlement agreements.
 •Insurancereserveliabilitiesmayuctuateasaresultofchangesinnumerousfactors,andsuchuctuationscanhavematerial
positive or negative effects on net income.
 •Retainedrisksinourreinsuranceoperationsareinuencedprimarilybythecreditriskofthereinsurersandpotentialcontract
disputes. Any material changes in the reinsurers’ credit risk or willingness to pay according to the terms of the contract may
adversely affect our business and the results of operations in a period.
All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly
qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to
release publicly any revisions to such forward-looking statements to reflect events or circumstances after the date of this document
or to reflect the occurrence of unanticipated events.