Unum Stock Price, News & Analysis

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.

Unum Group (NYSE: UNM) announced that its President & CEO, Rick McKenney, will present at the Barclays Global Financial Services Conference on September 16, 2020, at 11:15 a.m. Eastern. The conference will take place virtually. McKenney will discuss the company's business strategy and future growth prospects, with a live audio webcast available on the company's Investors section. Unum Group, a leader in disability income protection, reported $12 billion in revenues for 2019 and paid out $7.5 billion in benefits.

Unum (NYSE: UNM) has introduced a Student Debt Relief Program allowing its 9,500 U.S. employees to convert up to 40 hours of unused paid time off (PTO) into student loan repayments. This initiative resulted in $625,000 paid toward loan principal and interest in its first year, averaging $1,200 per participant. The program aims to alleviate financial stress as approximately 30% of Unum's workforce carries student debt. Additionally, employees benefit from a competitive PTO policy and various financial planning resources.

Unum Group (NYSE: UNM) reported a net income of $265.5 million ($1.30 per diluted share) for Q2 2020, down from $281.2 million ($1.33 per diluted share) in Q2 2019. The results included a $10 million impairment and a $25.4 million investment gain. Adjusted operating income fell to $250.1 million from $286.9 million year-over-year. While premium income increased slightly by 1.2% to $1.52 billion, various segments experienced declines in operating income and investment income. The company suspended financial guidance for the remainder of 2020 due to COVID-19 uncertainty.

On July 17, 2020, Unum Group (NYSE: UNM) announced a quarterly dividend of $0.285 per share on its common stock. The dividend will be paid on August 21, 2020, to shareholders recorded by July 31, 2020. Unum Group, a leader in disability income protection, reported revenues of $12 billion in 2019, distributing $7.5 billion in benefits. This consistent dividend policy reflects the company’s confidence in its financial stability and commitment to returning value to shareholders.

New research by Unum (NYSE: UNM) shows that U.S. adults have increased activities that could lead to accidents since the COVID-19 pandemic began. A survey of 1,003 adults revealed that 52% are involved in indoor cleaning and 44% in yard work. Consequently, 11% reported accidents requiring medical attention since March 2020, with higher rates among younger demographics. Unum's accident insurance can provide financial aid for related medical expenses, echoing a significant concern as 75% of insured individuals struggle with out-of-pocket costs.

Unum Group (NYSE: UNM) will announce its second quarter 2020 results on July 28 at 4:15 p.m. Eastern time. The earnings release will be accessible on the company’s website. A conference call to discuss the results is scheduled for July 29 at 8 a.m. Eastern time. Interested listeners can participate by dialing specific numbers provided in the release. Unum Group, a leading provider of financial protection benefits, reported revenues of $12 billion in 2019, paying out $7.5 billion in benefits.