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.
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.
Unum has introduced a new employee benefit allowing payroll deductions for an emergency savings fund. This initiative is aimed at improving financial wellness among its workforce, as 34% of U.S. workers have under $1,000 in savings. The plan allows eligible employees to save without fees and offers investment options similar to their 401(k) accounts. Financial insecurity is high, with 57% of workers able to pay bills for three months or less if income is lost. Unum provides additional resources like financial wellness checkups and student debt relief programs.
Unum Group (NYSE: UNM) will host a virtual investor meeting on February 25, 2022, from 8:00 AM to 9:30 AM EST. Interested participants can join the meeting via a toll-free dial-in number or a live webcast. A Q&A session will follow prepared remarks. The call will be available for replay until March 4, 2022. Presentation slides will be accessible on Unum's Investor site for one year. The company, a provider of workplace benefits for over 170 years, reported $13.2 billion in revenues in 2020.
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.