Unum Stock Price, News & Analysis

Unum Group (NYSE: UNM) announced a quarterly dividend of $0.33 per share on January 13, 2023, to be paid on February 17, 2023. Shareholders of record as of January 27, 2023 will receive this dividend. The company reported revenues of $12.0 billion in 2021 and paid $8.2 billion in benefits, enhancing its reputation as one of the 2022 World's Most Ethical Companies. This dividend reflects Unum's ongoing commitment to returning value to shareholders while maintaining a strong performance in providing workplace benefits and services.

Unum Group (NYSE: UNM) will disclose its fourth quarter 2022 results on January 31, 2023, at approximately 4:15 p.m. EST. The earnings report and financial supplement will be accessible on the company's investor website. A conference call is scheduled for February 1, 2023, at 8 a.m. EST to discuss these results, including forward-looking insights and trends. Additionally, an Investor Outlook Meeting will take place on February 23, 2023, in New York City.

Recent research by Unum reveals that U.S. workers prioritize non-insurance benefits such as paid time off (39%), flexible work options (32%), and paid family leave (31%). Mental health resources are particularly valued by younger generations, with 39% of Millennials and 42% of Gen Z ranking it as their top need. Alarmingly, 64% lack access to emergency savings options. Unum emphasizes the necessity for employers to adapt benefits to meet the diverse needs of a multi-generational workforce, ensuring comprehensive support for all employees.<\/p>

Unum is expanding its workforce, hiring over 200 positions across various departments in its national and international offices. The company, which has 10,500 employees in the U.S., U.K., Ireland, and Poland, focuses on entry-level roles to foster career growth and internal promotions. Unum offers a competitive benefits package, including medical insurance, student debt relief, and parental leave. In 2021, Unum reported revenues of $12 billion and paid $8.2 billion in benefits, reflecting its commitment to employee well-being and professional development.

Unum Group (NYSE: UNM) has authorized a $200 million share repurchase program effective January 1, 2023 through December 31, 2023. This decision follows the expiration of the previous program on December 31, 2022. Management will determine timing and amounts based on market conditions. Repurchases may occur through various methods, including open market transactions and accelerated programs. Unum, a leader in workplace benefits, reported $12.0 billion in revenue in 2021 and is recognized as one of the 2022 World's Most Ethical Companies.

Unum Group (NYSE: UNM) will be represented by President & CEO Rick McKenney and EVP/CFO Steve Zabel at the Goldman Sachs 2022 US Financial Services Conference. The presentation is scheduled for 3:40 p.m. EST on December 7, 2022, in New York City. They will discuss Unum's business strategy and future growth prospects. A live webcast will be available on Unum's Investor website. With over 170 years in providing workplace benefits, Unum reported $12 billion in revenues and $8.2 billion in benefits paid in 2021.

Unum Group (NYSE: UNM) has appointed Mary Wagnon as senior vice president and chief risk officer, Lynn Rice as senior vice president and chief accounting officer, and Matt Royal as senior vice president of investor relations and treasury. Wagnon, with over 25 years in financial roles, will lead enterprise risk management. Rice, a CPA with 30 years of experience, managed a $50 billion investment portfolio. Royal, previously chief auditor, is now responsible for strategic investor relations. Executive vice president Steven A. Zabel expressed confidence in their contributions to the company's growth.

Unum Group (UNM) reported a net income of $410.7 million ($2.04 per diluted share) for Q3 2022, a rise from $328.6 million ($1.60 per diluted share) in Q3 2021. The adjusted operating income was $303.7 million ($1.51 per diluted share), up from $210.5 million in the previous year. Premium income increased by 3.9% to $1.56 billion. The company maintained a strong balance sheet with over $1.1 billion in liquidity. However, book value per share declined by 20% to $43.49 year-over-year. The group disability line saw a significant increase in operating income, reflecting solid operational performance.