Welcome to our dedicated page for Unum news (Ticker: UNM), a resource for investors and traders seeking the latest updates and insights on Unum stock.
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.
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Unum Group (NYSE: UNM) will participate in the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 1:05 p.m. EST. President & CEO Rick McKenney and EVP & CFO Steve Zabel will discuss the company's business strategies and growth potential. A live audio webcast of the presentation will be accessible via Unum's website.
Unum Group is a leading provider of workplace benefits, offering services such as disability, life, and accident insurance. In 2022, the company achieved revenues of $12.0 billion and paid out $7.9 billion in benefits. Recognized as one of the World's Most Ethical Companies, Unum has serviced communities for 175 years.
Unum Group (NYSE: UNM) reported a net income of $279.6 million for Q4 2022, up from $159.7 million a year ago. The after-tax adjusted operating income reached $286.7 million, a 42.8% increase in annual performance. Premium income in core operations rose 16.8%, contributing to a nearly 4% growth in premiums. The company holds a robust balance sheet with $1.6 billion in cash and a risk-based capital ratio of 420%. However, book value per share decreased 17.5% year-on-year. Unum anticipates continued growth and shareholder returns through dividends and share repurchase.
Unum Group (NYSE: UNM) has announced its 2023 outlook meeting set for February 23, 2023, at 8:30am EST in New York City. The meeting will be available via a listen-only webcast on the company's website. Senior management will discuss business strategy and GAAP financial outlook, followed by a Q&A segment. Attendees are encouraged to register in advance for the live audio webcast. In 2021, Unum reported $12.0 billion in revenues and paid out $8.2 billion in benefits, solidifying its position as a leading provider of workplace benefits.
Unum Group (NYSE: UNM) announced a quarterly dividend of $0.33 per share on January 13, 2023, to be paid on February 17, 2023. Shareholders of record as of January 27, 2023 will receive this dividend. The company reported revenues of $12.0 billion in 2021 and paid $8.2 billion in benefits, enhancing its reputation as one of the 2022 World's Most Ethical Companies. This dividend reflects Unum's ongoing commitment to returning value to shareholders while maintaining a strong performance in providing workplace benefits and services.
Unum Group (NYSE: UNM) will disclose its fourth quarter 2022 results on January 31, 2023, at approximately 4:15 p.m. EST. The earnings report and financial supplement will be accessible on the company's investor website. A conference call is scheduled for February 1, 2023, at 8 a.m. EST to discuss these results, including forward-looking insights and trends. Additionally, an Investor Outlook Meeting will take place on February 23, 2023, in New York City.
Recent research by Unum reveals that U.S. workers prioritize non-insurance benefits such as paid time off (39%), flexible work options (32%), and paid family leave (31%). Mental health resources are particularly valued by younger generations, with 39% of Millennials and 42% of Gen Z ranking it as their top need. Alarmingly, 64% lack access to emergency savings options. Unum emphasizes the necessity for employers to adapt benefits to meet the diverse needs of a multi-generational workforce, ensuring comprehensive support for all employees.
Unum is expanding its workforce, hiring over 200 positions across various departments in its national and international offices. The company, which has 10,500 employees in the U.S., U.K., Ireland, and Poland, focuses on entry-level roles to foster career growth and internal promotions. Unum offers a competitive benefits package, including medical insurance, student debt relief, and parental leave. In 2021, Unum reported revenues of $12 billion and paid $8.2 billion in benefits, reflecting its commitment to employee well-being and professional development.
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.