Unum Group strategically shifts focus with reinsurance deal and share repurchase program, impacting market trends and business strategy. Read the full analysis.
Unum Group strategically reshapes its business with a reinsurance deal, a share repurchase program, and navigation of the workplace benefits market. Analyst perspectives are positive.
Unum Group strategically overhauls with a $3.4B reinsurance deal and $1B share buyback, amidst mixed Q4 earnings and strong premium growth. Learn more.
Unum Group's Q4 earnings missed estimates despite premium growth. A share repurchase was authorized, signaling confidence, amid mixed analyst ratings.
Unum Group's Q4 2024 earnings missed estimates, but premium income rose. A $1B share repurchase signals confidence amid divided analyst sentiment.
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products. It also provides group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other products. The company sells its products primarily to employers for the benefit of employees. Unum Group sells its products through field sales personnel, independent brokers, consultants, and independent contractor agency sales force. The company was founded in 1848 and is based in Chattanooga, Tennessee.