Unum Stock Price, News & Analysis

Unum (NYSE: UNM) and Colonial Life have partnered with Nayya to enhance the benefits enrollment experience for employees. This collaboration leverages AI and data science to offer personalized guidance, helping employees make informed decisions during open enrollment and life events. The U.S. healthcare costs continue to rise, leading to significant medical debt for many Americans. The partnership aims to empower consumers with data-driven insights for selecting benefits, improving financial wellness outcomes. Unum reported $13.2 billion in revenues for 2020 and paid out $7.6 billion in benefits.

Unum Group (NYSE: UNM) will be represented by President & CEO Rick McKenney at the 2021 Barclays Global Financial Services Conference on September 13, 2021, at 11:15 a.m. EST. McKenney will outline the company's business strategy and future growth prospects. A live webcast of the presentation will be accessible via Unum's website.

Unum is a leading provider of workplace benefits, with reported revenues of $13.2 billion in 2020.

Unum Group (NYSE: UNM) reported a net income of $182.9 million ($0.89 per diluted share) for Q2 2021, down from $265.5 million ($1.30 per diluted share) in Q2 2020. The results included a $53.2 million cost for early debt retirement and a $24.2 million tax expense. Adjusted operating income rose to $286.2 million ($1.39 per diluted share), reflecting a strong performance amid improving COVID conditions. The company expects a smaller decline in after-tax adjusted operating income for the full year, now anticipated to be 1-3% compared to 5-6% previously.

On July 16, 2021, Unum Group (NYSE: UNM) announced a quarterly dividend of $0.30 per share, payable on August 20, 2021, to stockholders of record as of July 30, 2021. This move reflects the company's commitment to providing value to its shareholders. In 2020, Unum reported revenues of $13.2 billion and distributed $7.6 billion in benefits, highlighting its role as a leading provider of financial protection benefits through its various subsidiaries, including Unum US, Unum UK, Unum Poland, and Colonial Life.

Unum Group (NYSE: UNM) will release its Q2 2021 results on August 3, 2021, at approximately 4:15 PM EST. The earnings release will be available on the company's website. A conference call is scheduled for August 4, 2021, at 8 AM EST, where management will discuss operational results and provide forward-looking guidance. Participants can join via phone or listen to a live webcast.

Unum reported $13.2 billion in revenues in 2020, offering a range of financial protection benefits globally.

Unum's internal data reveals that COVID-19 was the third-leading cause of short-term disability among U.S. workers in 2020, significantly impacting the manufacturing sector where it ranked first. In 2020, Unum processed over a million disability claims, attributing this surge to the pandemic and increased demand for financial protection. Behavioral health claims rose to represent 6% of total claims, with mental health issues affecting half of U.S. workers. Unum disbursed $6.2 billion in benefits and emphasized the need for improved mental health support in the workplace.

Unum (NYSE: UNM) has appointed Polly Nicholas as Senior Vice President of Unum Solutions, effective June 15, 2021. Nicholas brings over 20 years of experience in growth and operational improvement, aiming to drive the expansion of Unum's fee-based businesses. Mike Simonds, Unum's Chief Operating Officer, expressed confidence in her ability to enhance existing relationships and innovate across their solutions. Prior to joining Unum, Nicholas held senior roles at Alight Solutions and has expertise in digital analytics and benefits administration. Unum reported revenues of $13.2 billion in 2020, paying out $7.6 billion in benefits.

Unum Group (NYSE: UNM) announced the completion of a $600 million senior notes offering due in 2051, featuring a 4.125% annual interest rate. The proceeds will primarily be used to redeem the company's 4.500% senior notes due 2025, with a redemption date set for June 29, 2021. The redemption price will be based on the greater of the principal plus accrued interest or the present value of the remaining payments, facilitated by The Bank of New York Mellon. Unum reported revenues of $13.2 billion in 2020, providing $7.6 billion in benefits.