Unum Group provides workplace benefits and services through its Unum and Colonial Life brands, with insurance products that include disability, life, accident, critical illness, dental and vision coverage. Company news commonly covers quarterly operating results, premium and sales trends, benefits paid, capital returns through dividends and share repurchases, and updates tied to its core insurance operations and Closed Block long-term care exposure.
Recurring updates also include Colonial Life leadership and strategy, broker and employer technology integrations such as Unum Broker Connect and Unum Total Leave, investor conference appearances, and outlook commentary for workplace benefits, leave and absence management, and related services.
Unum Group (NYSE: UNM) has authorized a $200 million share repurchase program effective January 1, 2023 through December 31, 2023. This decision follows the expiration of the previous program on December 31, 2022. Management will determine timing and amounts based on market conditions. Repurchases may occur through various methods, including open market transactions and accelerated programs. Unum, a leader in workplace benefits, reported $12.0 billion in revenue in 2021 and is recognized as one of the 2022 World's Most Ethical Companies.
Unum Group (NYSE: UNM) will be represented by President & CEO Rick McKenney and EVP/CFO Steve Zabel at the Goldman Sachs 2022 US Financial Services Conference. The presentation is scheduled for 3:40 p.m. EST on December 7, 2022, in New York City. They will discuss Unum's business strategy and future growth prospects. A live webcast will be available on Unum's Investor website. With over 170 years in providing workplace benefits, Unum reported $12 billion in revenues and $8.2 billion in benefits paid in 2021.
Unum Group (NYSE: UNM) has appointed Mary Wagnon as senior vice president and chief risk officer, Lynn Rice as senior vice president and chief accounting officer, and Matt Royal as senior vice president of investor relations and treasury. Wagnon, with over 25 years in financial roles, will lead enterprise risk management. Rice, a CPA with 30 years of experience, managed a $50 billion investment portfolio. Royal, previously chief auditor, is now responsible for strategic investor relations. Executive vice president Steven A. Zabel expressed confidence in their contributions to the company's growth.
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Unum Group (UNM) reported a net income of $410.7 million ($2.04 per diluted share) for Q3 2022, a rise from $328.6 million ($1.60 per diluted share) in Q3 2021. The adjusted operating income was $303.7 million ($1.51 per diluted share), up from $210.5 million in the previous year. Premium income increased by 3.9% to $1.56 billion. The company maintained a strong balance sheet with over $1.1 billion in liquidity. However, book value per share declined by 20% to $43.49 year-over-year. The group disability line saw a significant increase in operating income, reflecting solid operational performance.
Unum Group announced enhancements to its Unum Dental Network, ensuring greater access to dental care for members. This network includes over 120,000 in-network providers and covers over 800,000 individuals nationwide. Unum aims to recruit more dentists through its streamlined operations, allowing members to reduce out-of-pocket costs. With its focus on user-friendly benefits, Unum continues to position itself as a leader in workplace benefits, backed by its $12.0 billion revenue and recognition as one of the 2022 World's Most Ethical Companies.
Unum Group (NYSE: UNM) has declared a quarterly dividend of $0.33 per share on its common stock, effective October 14, 2022. The dividend will be paid on November 18, 2022, to stockholders of record as of October 28, 2022. In 2021, Unum generated revenues of $12.0 billion and paid out $8.2 billion in benefits. The company is recognized as one of the 2022 World's Most Ethical Companies by Ethisphere®.
Unum Group (NYSE: UNM) will announce its third quarter 2022 financial results on November 1, 2022, at 4:15 p.m. EST. A conference call is scheduled for November 2 at 8 a.m. EST to discuss the results and provide forward-looking insights. The earnings release and financial details will be available on the Investors section of their website. Interested parties can join the call using provided access numbers. Unum has been a provider of workplace benefits for over 170 years.
Unum Group (NYSE: UNM) will be represented by President & CEO Rick McKenney and EVP/CFO Steve Zabel at the 2022 Barclays Global Financial Services Conference in New York on September 14, 2022, at 10:30 a.m. EST. They will discuss the company's business strategy and growth prospects. A live webcast will be available on Unum's investor website. Unum has been providing employee benefits for over 170 years, reporting $12.0 billion in revenue and $8.2 billion in benefits paid in 2021.
Unum has enhanced its accident insurance coverage options to better support employees' health and wellness. New benefits include coverage for pet boarding, childcare, alternative therapies, and behavioral health therapy. With injuries occurring every 10 minutes, this expansion allows employees to manage out-of-pocket costs while focusing on recovery. Benefits are effective starting January 1, 2023, and employees can enroll during the fall benefits enrollment period. Unum reported $12 billion in revenues for 2021, providing $8.2 billion in benefits.