FGH Parent, L.P., (together with its subsidiaries, "Fortitude Re"), a leading global reinsurance company, today announced the signing of a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. ("FRL") and Unum Life Insurance Company of America ("Unum"), a subsidiary of Unum Group (NYSE:UNM). Upon receipt of regulatory approvals and subject to satisfaction or waiver of certain other customary closing conditions, Unum will cede to FRL, effective as of January 1, 2025, $3.4 billion of individual long-term care ("LTC") statutory reserves and approximately $120 million of Unum Group's multi-life individual disability insurance ("IDI") in-force premium. The cession

Reinsuring $3.4 billion of statutory long-term care (LTC) reserves, representing 19% of total LTC statutory reserves Ceding a portion of multi-life individual disability insurance (IDI) business, representing 20% of Unum US in-force IDI premium Total transaction expected to drive $100 million capital benefit to Unum Significant step in reducing exposure to legacy LTC business Unum Group (NYSE:UNM) announced today that its Unum Life Insurance Company of America subsidiary (Unum America) has agreed to enter into an agreement to cede to Fortitude Reinsurance Company Ltd. (Fortitude Re), on a coinsurance basis, individual LTC insurance policies representing 19% of Unum's total LTC

Unum Group's (NYSE:UNM) President & CEO, Rick McKenney, along with EVP and CFO, Steve Zabel, will represent the company at the 46th Annual Raymond James Institutional Investor Conference. McKenney and Zabel are scheduled to speak at the conference at 4:35 p.m. ET on Tuesday, March 4, 2025. They will discuss the company's business strategy and future growth prospects. A live audio webcast of the presentation will be available on the Investors section of Unum's website, www.investors.unum.com, on the News and Events page. ABOUT UNUM Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than

Raymond James upgraded Unum Group from Mkt Perform to Strong Buy and set a new price target of $108.00

BMO Capital Markets initiated coverage of Unum Group with a rating of Outperform and set a new price target of $91.00

Analyst downgraded Unum Group from Overweight to Neutral and set a new price target of $79.00 from $74.00 previously

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PORTLAND, Maine, Dec. 3, 2024 /PRNewswire/ -- The Council for Disability Income Awareness is pleased to announce the recent addition of one new member firm. Unum Group, through its subsidiaries Unum and Colonial Life, provides employee benefits and HR solutions that enable employers to better care for their employees. Unum Group partners with 174,000 companies to protect 45,000,000 workers and their families throughout the United States. In 2023, Unum Group reported revenues of about $12.4 billion and paid $7.9 billion in benefits. "We are thrilled to join the Council for Disability Income Awareness again. We are deeply committed to supporting individuals with disabilities and promoting awa

CHATTANOOGA, Tenn., Jan. 9, 2023 /PRNewswire/ -- Unum Group (NYSE:UNM) has named Valoria V. Armstrong to lead the company's office of inclusion and diversity. Armstrong will continue to develop the company's I&D strategy to further foster a culture of belonging. "We're proud of our representative workforce as well as the communities where we live and work. Valoria has strong operational and functional expertise to build on our data informed I&D strategy. She will also help us ensure customers benefit from the diverse talents and thoughts of our employees," said Liz Ahmed, executive vice president of People & Communications at Unum Group. Prior to joining Unum, Armstrong served as chief inclu

Board Authorizes 10 Percent Dividend Increase Company Expects to Continue Share Repurchases throughout 2022 CHATTANOOGA, Tenn., May 26, 2022 /PRNewswire/ -- At its annual shareholder's meeting today, Unum Group (NYSE:UNM) President and CEO Rick McKenney expressed confidence in Unum's future given an improving business environment. As announced earlier this morning, Unum's board of directors authorized an increase of 10 percent in the quarterly dividend paid on its common stock. The new rate of 33.0 cents per common share, or $1.32 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2022. "Our disciplined execution in 2021 delivered o

Reinsuring $3.4 billion of statutory long-term care (LTC) reserves, representing 19% of total LTC statutory reserves Ceding a portion of multi-life individual disability insurance (IDI) business, representing 20% of Unum US in-force IDI premium Total transaction expected to drive $100 million capital benefit to Unum Significant step in reducing exposure to legacy LTC business Unum Group (NYSE:UNM) announced today that its Unum Life Insurance Company of America subsidiary (Unum America) has agreed to enter into an agreement to cede to Fortitude Reinsurance Company Ltd. (Fortitude Re), on a coinsurance basis, individual LTC insurance policies representing 19% of Unum's total LTC

Net income of $348.7 million ($1.92 per diluted common share) for the fourth quarter of 2024; after-tax adjusted operating income was $368.9 million ($2.03 per diluted common share).   Results for the full year reflect solid growth and sustained margins supported by the favorable operating environment; full year core operations premium growth of 5.0 percent on a constant currency basis and full year after-tax adjusted operating earnings per share growth of 10.2 percent when comparing to 2023.   Robust balance sheet and liquidity with holding company liquidity of $2.0 billion and weighted average risk-based capital ratio of approximately 430 percent.   Book value per common share o

Effective January 9, 2025, the Unum Group (NYSE:UNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid February 14, 2025, to stockholders of record as of January 24, 2025. About Unum Group Unum Group (NYSE:UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2023, Unum reported revenues of more than $12 billion and paid approximately

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