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.
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Unum Group (NYSE: UNM) reported net income of $153 million ($0.75 per diluted share) for Q1 2021, down from $161 million ($0.79 per diluted share) in Q1 2020. The loss from the Closed Block individual disability reinsurance transaction was $56.7 million. Adjusted operating income was $212 million ($1.04 per share), compared to $274.1 million ($1.35 per share) last year. Premium income remained stable at $1.5 billion. Group disability adjusted operating income fell by 16%, while Unum International segment saw a 36.1% rise in adjusted operating income. The company anticipates a strong recovery in the latter half of 2021.
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Unum Group (NYSE:UNM) has declared a quarterly dividend of $0.285 per share on its common stock, effective April 16, 2021. The dividend will be payable on May 21, 2021, to stockholders of record on April 30, 2021. In 2020, Unum reported revenues of $13.2 billion and provided $7.6 billion in benefits, positioning itself as a leading provider of financial protection benefits globally.
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Unum Group will announce its first quarter 2021 results on May 5, 2021, at 4:15 p.m. Eastern time. The earnings release will be accessible on the company's Investor website. A conference call to discuss the results is scheduled for May 6, 2021, at 8 a.m. EST, where management will address operational insights and forward-looking information. Interested participants can join via U.S. and international numbers provided in the release. Unum, a leader in financial protection benefits, reported revenues of $13.2 billion in 2020.
Unum Group (NYSE: UNM) will be represented by President & CEO Rick McKenney at the 2021 RBC Capital Markets Global Financial Institutions Conference on March 10, 2021, at 2:40 p.m. EST. McKenney will cover the company’s business strategy and growth prospects. A live webcast will be available on Unum's Investor page. Unum reported revenues of $13.2 billion in 2020, providing $7.6 billion in benefits.
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Unum Group (NYSE: UNM) will be represented by President & CEO Rick McKenney at the Bank of America Securities 2021 Insurance Conference on February 10, 2021. McKenney's presentation, scheduled for 3:15 p.m. EST, will cover the company's business strategy and growth prospects. A live webcast of the event will be accessible on the Investors section of Unum's website. Unum Group is a leading provider of financial protection benefits, reporting $12.0 billion in revenues in 2019 and providing $7.5 billion in benefits.
Unum Group (NYSE: UNM) reported a net income of $135.4 million ($0.66 per diluted share) for Q4 2020, down from $296.2 million ($1.44 per diluted share) in Q4 2019. Key factors included a $32 million gain from a disability reinsurance deal, offset by a $119.7 million reserve increase in long-term care. Adjusted operating income fell to $235.3 million from $290.7 million year-over-year. The company anticipates a decline in income for 2021 due to COVID-19 impacts but expects recovery in the latter half. Total premium income decreased by 1.5% to $1.48 billion.