Unum Stock Price, News & Analysis

Unum Group (NYSE: UNM) reported a net income of $159.7 million ($0.78 per diluted share) for Q4 2021, a rise from $135.4 million ($0.66 per diluted share) in Q4 2020. After-tax adjusted operating income was $182.0 million ($0.89 per diluted share), down from $235.3 million ($1.15 per diluted share) year-over-year. Premium income increased 3.0% to $1,529.3 million. The company repurchased $50 million in stock and maintained a strong capital position despite elevated claims from COVID-19. Adjusted operating income results varied across segments, with declines in Unum US but gains in Unum International.

Unum Group (NYSE: UNM) declared a quarterly dividend of $0.30 per share on its common stock, effective January 14, 2022. The dividend will be paid on February 18, 2022, to stockholders of record as of January 28, 2022. With over 170 years in the industry, Unum provides workplace benefits and services, reporting revenues of $13.2 billion in 2020 and paying out $7.6 billion in benefits. Recognized as one of the 2021 World's Most Ethical Companies, the company continues to show commitment to its shareholders.

Unum Group (NYSE: UNM) will announce its fourth quarter 2021 results on February 1, 2022, at approximately 4:15 p.m. EST. A conference call to discuss these results will be held on February 2 at 8 a.m. EST. Interested parties can participate via multiple toll-free numbers or listen to a live webcast. The recording will be available on their Investor site until March 1, 2022. Unum is recognized for its workplace benefits and services, reporting revenues of $13.2 billion and $7.6 billion in benefits paid in 2020.

COLUMBIA, S.C., Dec. 21, 2021 /PRNewswire/ -- Colonial Life, a Unum brand (NYSE: UNM), announces the appointment of Michael Stachowiak as Senior Vice President of Sales and Shea Treadway as Senior Vice President of Field and Market Development. Stachowiak, with nearly 20 years of experience, previously led the Southwest team at Colonial Life, driving significant growth. Treadway, currently VP of Small Business at Unum, brings expertise in distribution and operations. Both executives are expected to enhance Colonial Life's leadership and growth prospects, as highlighted by Tim Arnold, Colonial Life president.

Research by Unum (NYSE: UNM) reveals that over half (57%) of U.S. workers plan to enroll in new employee benefits this year as they focus on their financial future amidst the pandemic. Key findings show that 68% are increasingly concerned about family financial planning, while 66% are more aware of available benefits, especially among Millennials (78%) and Gen Z (73%). Additionally, 56% of workers are likely to remain with their employer due to the benefits offered. Notably, 42% express concern about mental health, highlighting the importance of employer support.

Unum Group (NYSE: UNM) reported a net income of $328.6 million ($1.60 per diluted share) for Q3 2021, up from $231.1 million ($1.13 per diluted share) in Q3 2020. This includes a net after-tax reserve decrease of $143.3 million and an impairment loss of $9.6 million. Adjusted operating income fell to $210.5 million from $245.9 million year-over-year. The US segment saw a significant decrease in adjusted income, particularly in group disability. Despite challenges from COVID-19, sales and premiums grew. A $250 million share repurchase was announced, reflecting strong capital management.

Unum Group (NYSE: UNM) has authorized a $250 million share repurchase program, effective through December 31, 2022. This initiative allows for open market purchases and privately negotiated transactions, subject to management's discretion based on market conditions. The company plans to update its capital management strategy during its third-quarter earnings call on November 3, 2021. In 2020, Unum reported revenues of $13.2 billion and paid $7.6 billion in benefits, further affirming its commitment to shareholder value.

On October 15, 2021, Unum Group (NYSE: UNM) announced a quarterly dividend of $0.30 per share on its common stock. The dividend is set to be paid on November 19, 2021, to stockholders on record as of October 29, 2021. This dividend reflects Unum's ongoing commitment to returning value to shareholders. In 2020, the company reported revenues of $13.2 billion and paid out $7.6 billion in benefits, indicating its strong financial position in the workplace benefits market.

Unum Group (NYSE: UNM) will announce its third quarter 2021 results on November 2 at 4:15 p.m. EST. The earnings release and financial supplement will be available on the company's Investor website. Senior management will follow up with a conference call on November 3 at 8 a.m. EST, discussing operational results and future guidance. A live webcast will be accessible, and a recording will be available until November 10. In 2020, Unum reported revenues of $13.2 billion and paid $7.6 billion in benefits.