Welcome to our dedicated page for Unum Group news (Ticker: UNM), a resource for investors and traders seeking the latest updates and insights on Unum Group stock.
Unum Group (NYSE: UNM) is a Fortune 500 company and a leader in disability, group life, and voluntary benefits. For over 175 years, Unum has been committed to helping workers and their families thrive. The company offers a broad range of insurance products such as disability, life, accident, critical illness, dental, vision, and stop-loss insurance, as well as leave and absence management support and behavioral health services through its Unum and Colonial Life brands.
Unum Group operates through three primary business segments: Unum US, which generates the majority of the company's revenue, Unum International, and Colonial Life. These segments serve diverse markets across the United States, the United Kingdom, Poland, and other countries.
In 2022, Unum reported revenues of approximately $12 billion and paid $8 billion in benefits. The company has been recognized as one of the World's Most Ethical Companies by Ethisphere and continues to be a socially responsible organization with a strong commitment to community service and positive change.
Unum's recent achievements reflect its financial and operational strength. In 2023, the company reported net income of $330.6 million ($1.69 per diluted common share) for the fourth quarter, compared to $289.2 million ($1.44 per diluted common share) for the same period in 2022. The company's strong performance was driven by robust premium and sales growth, effective cost management, and a strategic focus on technology and digital transformation.
Furthermore, Unum's financial strength and debt ratings have been upgraded by leading rating agencies, affirming the company's solid financial position and operational execution. Unum's technology initiatives have also earned accolades, with the company being named one of America's Most Innovative Companies by Forbes and receiving several prestigious technology awards.
Unum's strategic focus includes investing in technology to enhance customer experiences by providing high-quality, digital-first services. The company's leadership in this area has been recognized with awards for innovation and digital transformation. Unum's robust capital position and consistent profitability enable it to return significant capital to shareholders while also investing in future growth opportunities.
Unum Group remains well-positioned to achieve its earnings growth objectives, driven by favorable market conditions and strong demand for its comprehensive suite of insurance products and services. The company's commitment to innovation, customer satisfaction, and financial strength ensures it continues to provide valuable benefits and support to its diverse customer base.
On April 14, 2023, Unum Group (NYSE: UNM) announced a quarterly dividend of $0.33 per share, payable on May 19, 2023. This dividend is for stockholders of record as of April 28, 2023. Unum Group, a long-established provider of workplace benefits, reported revenues of $12.0 billion in 2021 and paid out $8.2 billion in benefits. The company has been recognized as one of the 2023 World's Most Ethical Companies by Ethisphere, illustrating its commitment to ethical business practices.
Unum Group (NYSE: UNM) will announce its first quarter 2023 financial results on May 2, 2023, at 4:15 p.m. EST. The earnings release and accompanying financial supplement will be accessible on the company's investor website. A conference call with senior management will take place on May 3, 2023, at 8 a.m. EST to discuss the results and future outlook. Participants can join via a toll-free number or through a live webcast, available approximately 10 minutes before the call. A recording of the call will be accessible on the investor site until May 9, 2023. Unum, a leading provider of workplace benefits with over 170 years of experience, reported revenues of $12.0 billion in 2021 and paid out $8.2 billion in benefits. It's recognized as one of the World's Most Ethical Companies by Ethisphere®.
Unum Group (NYSE: UNM) will participate in the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 1:05 p.m. EST. President & CEO Rick McKenney and EVP & CFO Steve Zabel will discuss the company's business strategies and growth potential. A live audio webcast of the presentation will be accessible via Unum's website.
Unum Group is a leading provider of workplace benefits, offering services such as disability, life, and accident insurance. In 2022, the company achieved revenues of $12.0 billion and paid out $7.9 billion in benefits. Recognized as one of the World's Most Ethical Companies, Unum has serviced communities for 175 years.
Unum Group (NYSE: UNM) reported a net income of $279.6 million for Q4 2022, up from $159.7 million a year ago. The after-tax adjusted operating income reached $286.7 million, a 42.8% increase in annual performance. Premium income in core operations rose 16.8%, contributing to a nearly 4% growth in premiums. The company holds a robust balance sheet with $1.6 billion in cash and a risk-based capital ratio of 420%. However, book value per share decreased 17.5% year-on-year. Unum anticipates continued growth and shareholder returns through dividends and share repurchase.
Unum Group (NYSE: UNM) has announced its 2023 outlook meeting set for February 23, 2023, at 8:30am EST in New York City. The meeting will be available via a listen-only webcast on the company's website. Senior management will discuss business strategy and GAAP financial outlook, followed by a Q&A segment. Attendees are encouraged to register in advance for the live audio webcast. In 2021, Unum reported $12.0 billion in revenues and paid out $8.2 billion in benefits, solidifying its position as a leading provider of workplace benefits.
Unum Group (NYSE: UNM) announced a quarterly dividend of
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