Unum - UNM STOCK NEWS

Unum Group (NYSE: UNM) will host a virtual annual investor meeting on December 17, 2020, starting at 8:00 AM EST and concluding by 10:00 AM EST. Participants can register online and will have access to an audio and video webcast. The presentation slides will be available on the company's website for a year post-event. Unum provides a wide range of financial protection benefits, reporting revenues of $12.0 billion in 2019 and delivering $7.5 billion in benefits.

Unum's recent research highlights a significant shift in employee benefits enrollment during the open enrollment season due to COVID-19. The findings show that 36% of U.S. workers plan to change their benefits, with 64% dedicating more time to understanding their options. Notably, 27% intend to increase life insurance coverage. Financial stress is prevalent, with 57% of workers expressing concerns about mental health. Virtual benefits education is on the rise, with 42% of employers opting for digital options for counseling. Despite this, many workers still spend less time reviewing benefits than on social media.

Unum (NYSE: UNM) announced the appointment of Mark Till as Executive Vice President of Unum International, effective April 1, 2021, with Mr. Till joining the company on February 1, 2021.

He succeeds Peter O'Donnell, who will remain until the end of Q1 2021 to ensure a smooth transition. O'Donnell intends to pursue a portfolio career after a decade with Unum, where he played a key role in expanding the company's presence in the UK and Poland.

Till's previous roles include Managing Director at Aegon and UK Marketing Director at Fidelity International.

Unum Group (NYSE: UNM) reported a third-quarter net income of $231.1 million ($1.13 per diluted share), a decline from $242.0 million ($1.16 per diluted share) year-over-year. Adjusted operating income fell to $245.9 million ($1.21 per share) from $282.7 million ($1.36 per share). The Unum US segment saw a significant drop in adjusted operating income by 28.0% to $188.2 million, while premium income decreased 1.2%. Despite challenges due to COVID-19, the company continues to manage effectively, anticipating better conditions as the economy improves.

On October 16, 2020, Unum Group (NYSE:UNM) announced a quarterly dividend of $0.285 per share, payable on November 20, 2020. Stockholders of record by October 30, 2020 will receive this dividend. In 2019, Unum reported revenues of $12 billion and paid out $7.5 billion in benefits. The company offers a range of financial protection benefits and is a leading provider of disability income protection globally, with operations in the US, UK, Poland, and through Colonial Life.

Breast cancer continues to be a significant cause of disability; however, data from Unum indicates that survivors are returning to work faster. In 2019, the average short-term disability claim duration for breast cancer was 64 days, compared to 78 days in 2010. Early detection, advances in medical treatment, and supportive employers play crucial roles in recovery. Unum paid $3.7 billion in disability benefits in 2019, aiding 275,000 individuals back to work. The report highlights the importance of employer support through flexible schedules and adjustments, especially amid COVID-19.

Unum Group (NYSE: UNM) will announce its third quarter 2020 results on October 27 at 4:15 p.m. Eastern time. The earnings release will be accessible in the Investors section of its website. A conference call to discuss the results is scheduled for October 28 at 8 a.m. Eastern time, inviting questions from participants. Interested listeners can join via phone or access a live webcast on the company's site. Unum Group provides various financial protection benefits and reported revenues of $12 billion in 2019, paying out $7.5 billion in benefits.

Unum (NYSE: UNM) released a survey indicating that 41% of U.S. adults have adjusted their financial management due to the coronavirus pandemic, with 22% considering increased life insurance coverage. The survey highlights that 45% of respondents lack knowledge about their life insurance status. Financial strain is anticipated for nearly half of the respondents in the event of a primary wage-earner's death, with particular interest in life insurance noted among families with children and minority groups.

Unum's recent study reveals that 55% of U.S. workers lack disability insurance, a critical safeguard for their income. Notably, 70% of Baby Boomers are without this coverage, despite representing 47% of long-term disability claims. Many cite reasons such as feeling healthy (33%), affordability concerns (29%), and lack of awareness (10%). With a 1 in 4 chance of facing disability before retirement, and amid the ongoing pandemic, the importance of income protection is underscored. Disability insurance typically replaces 60-70% of lost income, emphasizing its value for financial security.