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 (NYSE: UNM) is a Fortune 500 workplace benefits provider in the finance and insurance sector, with a focus on disability, life, accident, critical illness, dental, and vision insurance, as well as leave and absence management support and behavioral health services. The UNM news feed on Stock Titan brings together company announcements, earnings releases, rating actions, and capital markets updates drawn from official sources.
Recent Unum news has included quarterly and annual earnings reports, where the company discusses segment results for Unum US, Unum International, Colonial Life, and its Closed Block business. These releases detail adjusted operating income, premium trends, net investment income, and benefit ratios, giving investors insight into the performance of group disability, group life and accidental death and dismemberment, and supplemental and voluntary lines of business.
News coverage also features capital and financing activities, such as Unum’s offering of senior unsecured notes and the authorization of share repurchase programs, as reported in Business Wire releases and Form 8-K filings. Credit rating agency AM Best publishes rating affirmations and issue ratings on Unum’s subsidiaries and debt instruments, which appear as separate news items and provide an external view of the company’s balance sheet strength and debt profile.
In addition, Unum issues announcements about upcoming earnings releases, conference calls, and investor conference presentations, outlining when management will discuss business strategy, financial results, and outlook. By following UNM news, readers can monitor operational performance, capital management decisions, reinsurance transactions involving legacy long-term care and individual disability business, and third-party rating actions. Investors and researchers can use this page as a centralized view of the company’s latest publicly released information and scheduled events.
New research from Unum (NYSE: UNM) reveals that 56% of U.S. workers, particularly Millennials and Gen Z, experienced mental health issues in the past year. Furthermore, 42% required time off work due to mental health concerns. The study indicates a significant stigma surrounding mental health in the workplace, with 70% of employees advocating for better support from employers. Unum's Behavioral Health program aims to address these challenges by providing accessible mental health resources and services, including immediate access to therapists and support through technology.
Unum (NYSE: UNM) is addressing key HR challenges by offering tech-forward solutions tailored for employee support in a competitive job market. Research indicates that 56% of U.S. workers reported mental health issues, prompting Unum to enhance its benefits offerings. Notably, the company experienced a 37% increase in disability claims and a 55% rise in leaves administered. Unum's digital solutions, including Unum Total Leave and Unum Behavioral Health, aim to improve workforce wellness and streamline HR processes, thereby supporting both employees and employers.
Unum Group (NYSE: UNM) announced a 10 percent increase in its quarterly dividend, raising it to 33.0 cents per share, effective in the third quarter of 2022. CEO Rick McKenney expressed confidence in the company's future, citing strong sales and premium growth as key drivers of profitability. In 2021, Unum paid $8.2 billion in benefits and reported revenues of $12.0 billion. Shareholders elected 12 directors for terms expiring in 2023 and approved the 2022 Stock Incentive Plan. Forward-looking statements in the release caution potential differences in actual results.
Unum Group (NYSE: UNM) announced a 10% increase in its quarterly dividend, raising it to 33 cents per share, which translates to $1.32 annually. This change reflects the company's strong operational performance and solid capital position. The new dividend will be effective starting in the third quarter of 2022. CEO Richard P. McKenney expressed satisfaction with this decision as part of the capital deployment strategy. The announcement coincided with Unum's Annual Meeting of Shareholders held virtually.
Unum Group (NYSE: UNM) reported a net income of $253.5 million ($1.25 per diluted share) for Q1 2022, up from $153.0 million ($0.75 per diluted share) in the previous year. After-tax adjusted operating income was $277.3 million ($1.36 per diluted share), reflecting 15-20% growth for 2022, an increase from the prior outlook of 4-7%. Key segments showed positive performance, with the Unum US segment's adjusted operating income rising 48.3% to $171.6 million. The company maintained a strong liquidity position with $1.3 billion and a risk-based capital ratio of 400%.
The Unum Group (NYSE: UNM) announced a quarterly dividend of $0.30 per share on April 15, 2022, to be paid on May 20, 2022. This dividend is for stockholders of record by April 29, 2022. Unum has been providing workplace benefits for over 170 years and reported revenues of $12.0 billion in 2021, with $8.2 billion paid in benefits. The company is recognized as one of the 2022 World's Most Ethical Companies.
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Unum Group (NYSE: UNM) will announce its first quarter 2022 results on May 5, 2022, at approximately 4:15 p.m. EST. The earnings release and financial supplement will be accessible on the company’s website. A conference call to discuss the results will take place on May 6, 2022, at 8 a.m. EST. Interested parties can join via toll-free numbers provided for U.S., Canada, and international callers. A recording will be available until May 13, 2022.
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Unum (NYSE: UNM) has elected Gale V. King, former CAO and executive vice president at Nationwide Mutual Insurance, to its board of directors. King, who has over 37 years of experience in insurance, will join Unum's Human Capital and Risk and Finance Committees on May 1, 2022. Recognized for her work in building strong workplace cultures and promoting diversity, she brings valuable insights to Unum's leadership. In 2021, Unum generated $12.0 billion in revenue and paid $8.2 billion in benefits, affirming its status as a leading provider of workplace benefits.