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.
Unum Group (NYSE: UNM) is set to release its second quarter 2022 results on August 2, 2022, at 4:15 p.m. EST. A conference call will follow on August 3, 2022, at 8 a.m. EST, where senior management will discuss operational results and provide forward-looking information. The earnings release and financial details will be accessible in the Investors section of their website. In 2021, Unum reported revenues of $12.0 billion and paid $8.2 billion in benefits. The call will also be available for replay until August 10, 2022.
New research from Unum (NYSE: UNM) reveals that 56% of U.S. workers, particularly Millennials and Gen Z, experienced mental health issues in the past year. Furthermore, 42% required time off work due to mental health concerns. The study indicates a significant stigma surrounding mental health in the workplace, with 70% of employees advocating for better support from employers. Unum's Behavioral Health program aims to address these challenges by providing accessible mental health resources and services, including immediate access to therapists and support through technology.
Unum (NYSE: UNM) is addressing key HR challenges by offering tech-forward solutions tailored for employee support in a competitive job market. Research indicates that 56% of U.S. workers reported mental health issues, prompting Unum to enhance its benefits offerings. Notably, the company experienced a 37% increase in disability claims and a 55% rise in leaves administered. Unum's digital solutions, including Unum Total Leave and Unum Behavioral Health, aim to improve workforce wellness and streamline HR processes, thereby supporting both employees and employers.
Unum Group (NYSE: UNM) announced a 10 percent increase in its quarterly dividend, raising it to 33.0 cents per share, effective in the third quarter of 2022. CEO Rick McKenney expressed confidence in the company's future, citing strong sales and premium growth as key drivers of profitability. In 2021, Unum paid $8.2 billion in benefits and reported revenues of $12.0 billion. Shareholders elected 12 directors for terms expiring in 2023 and approved the 2022 Stock Incentive Plan. Forward-looking statements in the release caution potential differences in actual results.
Unum Group (NYSE: UNM) announced a 10% increase in its quarterly dividend, raising it to 33 cents per share, which translates to $1.32 annually. This change reflects the company's strong operational performance and solid capital position. The new dividend will be effective starting in the third quarter of 2022. CEO Richard P. McKenney expressed satisfaction with this decision as part of the capital deployment strategy. The announcement coincided with Unum's Annual Meeting of Shareholders held virtually.
Unum Group (NYSE: UNM) reported a net income of $253.5 million ($1.25 per diluted share) for Q1 2022, up from $153.0 million ($0.75 per diluted share) in the previous year. After-tax adjusted operating income was $277.3 million ($1.36 per diluted share), reflecting 15-20% growth for 2022, an increase from the prior outlook of 4-7%. Key segments showed positive performance, with the Unum US segment's adjusted operating income rising 48.3% to $171.6 million. The company maintained a strong liquidity position with $1.3 billion and a risk-based capital ratio of 400%.
The Unum Group (NYSE: UNM) announced a quarterly dividend of $0.30 per share on April 15, 2022, to be paid on May 20, 2022. This dividend is for stockholders of record by April 29, 2022. Unum has been providing workplace benefits for over 170 years and reported revenues of $12.0 billion in 2021, with $8.2 billion paid in benefits. The company is recognized as one of the 2022 World's Most Ethical Companies.
Unum Group (NYSE: UNM) will announce its first quarter 2022 results on May 5, 2022, at approximately 4:15 p.m. EST. The earnings release and financial supplement will be accessible on the company’s website. A conference call to discuss the results will take place on May 6, 2022, at 8 a.m. EST. Interested parties can join via toll-free numbers provided for U.S., Canada, and international callers. A recording will be available until May 13, 2022.
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