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) 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.
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.
Unum Group announced enhancements to its Unum Dental Network, ensuring greater access to dental care for members. This network includes over 120,000 in-network providers and covers over 800,000 individuals nationwide. Unum aims to recruit more dentists through its streamlined operations, allowing members to reduce out-of-pocket costs. With its focus on user-friendly benefits, Unum continues to position itself as a leader in workplace benefits, backed by its $12.0 billion revenue and recognition as one of the 2022 World's Most Ethical Companies.
Unum Group (NYSE: UNM) has declared a quarterly dividend of $0.33 per share on its common stock, effective October 14, 2022. The dividend will be paid on November 18, 2022, to stockholders of record as of October 28, 2022. In 2021, Unum generated revenues of $12.0 billion and paid out $8.2 billion in benefits. The company is recognized as one of the 2022 World's Most Ethical Companies by Ethisphere®.
Unum Group (NYSE: UNM) will announce its third quarter 2022 financial results on November 1, 2022, at 4:15 p.m. EST. A conference call is scheduled for November 2 at 8 a.m. EST to discuss the results and provide forward-looking insights. The earnings release and financial details will be available on the Investors section of their website. Interested parties can join the call using provided access numbers. Unum has been a provider of workplace benefits for over 170 years.
Unum Group (NYSE: UNM) will be represented by President & CEO Rick McKenney and EVP/CFO Steve Zabel at the 2022 Barclays Global Financial Services Conference in New York on September 14, 2022, at 10:30 a.m. EST. They will discuss the company's business strategy and growth prospects. A live webcast will be available on Unum's investor website. Unum has been providing employee benefits for over 170 years, reporting $12.0 billion in revenue and $8.2 billion in benefits paid in 2021.
Unum has enhanced its accident insurance coverage options to better support employees' health and wellness. New benefits include coverage for pet boarding, childcare, alternative therapies, and behavioral health therapy. With injuries occurring every 10 minutes, this expansion allows employees to manage out-of-pocket costs while focusing on recovery. Benefits are effective starting January 1, 2023, and employees can enroll during the fall benefits enrollment period. Unum reported $12 billion in revenues for 2021, providing $8.2 billion in benefits.
Unum Group (NYSE: UNM) reported a net income of $370.4 million ($1.83 per diluted share) for Q2 2022, a significant increase from $182.9 million ($0.89 per diluted share) in Q2 2021. Adjusted operating income was $386.6 million ($1.91 per diluted share), reflecting a robust premium income and improved mortality trends. The company increased its full-year 2022 outlook, expecting a 40%-45% growth in adjusted operating income per share compared to 15%-20% previously. However, book value per share declined 9.5% year-over-year to $48.47.
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