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Unum Group, also called Unum, is engaged in providing financial protection benefits. It operates through the following segments: Unum U.S., Unum UK, Colonial Life, Closed Block and Corporate. Read More The Unum U.S. segment comprises of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. The Unum UK segment offers insurance for group long-term disability, group life, and supplemental lines of business which include dental, individual disability, and critical illness products. The Colonial Life segment includes insurance for accident, sickness, disability products, life products, and cancer and critical illness products. The Closed Block segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. The Corporate segment refers to investment income on corporate assets and other corporate income and expenses not allocated to a line of business; and interest expense on corporate debt other than non-recourse debt. The company was founded in 1848 and is headquartered in Chattanooga, TN.
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Seeking AlphaMay 23
Unum appoints new finance executive and increases stock dividend
Unum Group (UNM -2.6% ) appoints Steven Zabel as the CFO of the company, effective July 1, as John “Jack” McGarry announces his retirement as EVP & CFO, effective October 31, 2019. John McGarry has spent over 32 years with Unum, and has been CFO since 2015. UNM's board increases quarterly stock dividend by 9.6% ; the new rate of ~$0.285/share, will be effective from Q3 2019. The company also authorizes the repurchase of up to $750M shares through Nov. 23, 2020, the new authorization replaces the previous...
Seeking AlphaMay 23
Unum renews $750M buyback authorization
Even a potential buyback isn't propping up Unum Group's (UNM -2.6% ) shares on a day when the three major U.S. stock averages are sliding.
Yahoo FinanceMay 23
Unum Group’s board of directors authorizes $750 million share repurchase
CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- Unum Group (UNM) announced today that its board of directors has authorized the repurchase of up to $750 million of the company’s outstanding common stock through Nov. 23, 2020. This new authorization replaces the previous authorization of $750 million that was scheduled to expire on Nov. 24, 2019. “This action is representative of the board’s confidence in the consistent execution of our strategy, as well as in the ability of our core businesses to generate capital,”...
Expected Jul 29, After Hours