Unum Group is a leading provider of financial protection benefits in the United States and the United Kingdom, specializing in insurance solutions that help individuals and organizations manage the risks associated with illness, disability, and accidental death. The company offers a range of services, including disability insurance, life insurance, and critical illness coverage, aimed at ensuring financial security for employees and their families. Through its workplace benefits programs, Unum Group partners with employers to deliver comprehensive and customizable plans that enhance employee well-being and support businesses in attracting and retaining top talent.
These large-cap stocks were top performers last week. Heico, Xpeng, Li Auto, Lineage, Erie Indemnity, Lloyds, Unum, FICO, Masimo, Smith & Nephew, AB InBev, and Nutanix all saw significant gains.
The deal is expected to generate a $100 million capital benefit, comprising a $200 million capital impact related to the reinsured LTC block and a $300 million capital benefit related to the reinsured IDI block.
Unum Group (NYSEUNM) announced today that its Unum Life Insurance Company of America subsidiary (Unum America) has agreed to enter into an agreement to cede to Fortitude Reinsurance Company Ltd. (Fortitude Re), on a coinsurance basis, individual LTC insurance policies representing 19% of Unum's total LTC block and a quota share of IDI policies reinsured from an affiliate representing 20% of Unum's total in-force IDI premium, effective January 1, 2025.
Unum Group’s (NYSEUNM) President & CEO, Rick McKenney, along with EVP and CFO, Steve Zabel, will represent the company at the 46th Annual Raymond James Institutional Investor Conference.
Unum Group (NYSEUNM) announced today that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on April 1, 2025. The board of directors also authorized the termination of the company’s current share repurchase program as of March 31, 2025, with any unused amount under that program expiring as of that date.
Unum Group (NYSEUNM) today reported net income of $348.7 million ($1.92 per diluted common share) for the fourth quarter of 2024, compared to net income of $330.6 million ($1.69 per diluted common share) for the fourth quarter of 2023.
Effective January 9, 2025, the Unum Group (NYSEUNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid February 14, 2025, to stockholders of record as of January 24, 2025.
Unum Group (NYSEUNM) will release its fourth quarter 2024 results on February 4, 2025, at approximately 4:15 p.m. ET. The earnings release and financial supplement will be available in the investors section of the company’s website, which can be directly accessed at https://investors.unum.com.
