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 (NYSE: UNM), a leading provider of workplace benefits and income protection insurance, maintains this dedicated news hub for investors and industry stakeholders. Access timely updates including earnings reports, regulatory filings, leadership announcements, and product developments directly impacting the company's market position.
This resource centralizes Unum's financial disclosures, strategic initiatives, and operational updates across its core segments: Unum US, Colonial Life, and international markets. Users will find essential information about disability insurance innovations, group life coverage expansions, and voluntary benefits program enhancements.
Key content categories include quarterly earnings analyses, merger/acquisition activity, dividend declarations, and corporate responsibility updates. All materials are sourced from official channels to ensure accuracy for those monitoring UNM stock performance or evaluating the insurance sector.
Bookmark this page for streamlined access to Unum's latest developments. Combine these updates with SEC filings and market analysis tools available on Stock Titan for comprehensive investment research.
Fortitude Re has signed a significant reinsurance agreement with Unum Group (NYSE: UNM), set to take effect January 1, 2025. Under the agreement, Unum will cede $3.4 billion of individual long-term care (LTC) statutory reserves and approximately $120 million of multi-life individual disability insurance (IDI) in-force premium to Fortitude Reinsurance Company
The transaction represents 19% of Unum Group's total LTC block and 20% of its in-force IDI premium. Unum will maintain service and administration of the reinsured policies. Notably, Fortitude Re will simultaneously enter into a retrocession agreement to transfer 100% of the LTC and IDI insurance risks to a highly rated global reinsurance partner, retaining only the spread-based risks associated with this business block.
Unum Group (NYSE: UNM) announced its participation in the 46th Annual Raymond James Institutional Investor Conference. President & CEO Rick McKenney and EVP and CFO Steve Zabel will represent the company, delivering a presentation on March 4, 2025, at 4:35 p.m. ET.
The executives will outline the company's business strategy and future growth prospects. Investors and interested parties can access a live audio webcast of the presentation through Unum's investor relations website at www.investors.unum.com in the News and Events section.
Unum Group (NYSE: UNM) has announced a new $1 billion share repurchase program authorized by its board of directors, set to commence on April 1, 2025. The company's current share repurchase program will terminate on March 31, 2025, with any unused amounts expiring on that date.
Management will determine the timing and amount of share repurchases based on market conditions and other factors. The repurchases may be executed through various means, including open market transactions, privately negotiated deals, accelerated share repurchase programs, or preset trading plans under Rule 10b5-1. The board retains the right to suspend, modify, or terminate the program at any time.
Unum Group (NYSE: UNM) has announced its participation in the 2025 UBS Financial Services Conference. President & CEO Rick McKenney will represent the company and deliver a presentation on Monday, February 10, 2025, at 3:30 p.m. ET. During his presentation, McKenney will discuss the company's business strategy and future growth prospects.
Interested parties can access a live audio webcast of the presentation through the Investors section of Unum's website at www.investors.unum.com, specifically on the News and Events page.
Unum Group (UNM) reported strong Q4 2024 financial results with net income of $348.7 million ($1.92 per diluted share) and after-tax adjusted operating income of $368.9 million ($2.03 per diluted share). The company demonstrated solid growth with full-year core operations premium growth of 5.0% on a constant currency basis and after-tax adjusted operating earnings per share growth of 10.2% compared to 2023.
Key financial highlights include a robust balance sheet with holding company liquidity of $2.0 billion and weighted average risk-based capital ratio of approximately 430%. Book value per common share increased 23.0% to $61.38 compared to the year-ago quarter. The company maintains a positive outlook for 2025, projecting core operations premium growth of 4-7% and after-tax adjusted operating earnings per share growth of 8-12%.
Segment performance showed mixed results, with Unum US reporting a slight decrease in adjusted operating income, while Colonial Life saw a significant 39.7% increase. The company executed accelerated share repurchase agreements totaling $471.0 million in Q4 2024.
Unum Group (NYSE: UNM) has announced a quarterly dividend payment of $0.420 per share on its common stock. The dividend was declared by the Board of Directors on January 9, 2025, and will be paid on February 14, 2025. Shareholders who are recorded as stockholders as of January 24, 2025, will be eligible to receive this dividend payment.
Unum Group (NYSE: UNM) has announced it will release its fourth quarter 2024 financial results on February 4, 2025, at approximately 4:15 p.m. ET. The company will make the earnings release and financial supplement available in the investors section of their website at investors.unum.com.
Following the release, Unum's senior management team will host a conference call on February 5, 2025, at 8:00 a.m. ET to discuss the Q4 operational results and provide their outlook for 2025.
Unum Group has joined The Council for Disability Income Awareness (CDIA). Through its subsidiaries Unum and Colonial Life, the company provides employee benefits and HR solutions, partnering with 174,000 companies to protect 45 million workers and their families across the United States. In 2023, Unum Group reported revenues of $12.4 billion and paid $7.9 billion in benefits. The company's Vice President of Government Affairs, Marty McGuinness, expressed enthusiasm about rejoining CDIA, emphasizing their commitment to supporting individuals with disabilities and promoting disability awareness through industry collaboration.
Unum Group (UNM) reported strong Q3 2024 results with net income of $645.7 million ($3.46 per share), compared to $202.0 million ($1.02 per share) in Q3 2023. After-tax adjusted operating income was $398.0 million ($2.13 per share). Core operations premium growth increased 4.6% on a constant currency basis. The company maintains a strong balance sheet with holding company liquidity of $1.4 billion and a weighted average risk-based capital ratio of 470%. Book value per share grew 20.4% to $59.36 year-over-year. The company completed annual GAAP reserve assumption updates, resulting in a before-tax net reserve decrease of $357.4 million.
Unum Group (NYSE: UNM) has announced a quarterly dividend of $0.420 per share on its common stock. The dividend will be paid on November 15, 2024, to stockholders of record as of October 25, 2024. This decision was made by the Unum Group Board of Directors, effective October 11, 2024. The announcement demonstrates Unum's commitment to providing regular returns to its shareholders.