Unum well-positioned to protect more people, expand market leadership, CEO McKenney tells shareholders
“Consistent, solid performance in our core businesses – and our relentless focus on customer service – has led us to become one of the world’s leading providers of financial protection benefits in the workplace,” McKenney said. “Through our three principal businesses – Unum US, Unum
In 2017, Unum had record revenues of
“With the outstanding results generated by our core businesses in 2017, we entered 2018 better positioned than ever for the long term,” added McKenney. “There is tremendous opportunity to grow our company.”
Separately today, Unum’s board of directors authorized the repurchase of up to
The board of directors also authorized an increase of 13 percent in the quarterly dividend paid on its common stock. The new rate of
Also at today’s meeting, among other voting items, Unum shareholders re-elected 11 directors for terms expiring in 2019:
ABOUT
For more information, connect with us on Facebook, Twitter and LinkedIn.
SAFE HARBOR STATEMENT
Certain information in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those not based on historical information, but rather relate to our outlook, future operations, strategies, financial results, or other developments and speak only as of the date made. These forward-looking statements, including statements about potential growth opportunity, are subject to numerous assumptions, risks, and uncertainties, many of which are beyond our control. The following factors, in addition to other factors mentioned from time to time, may cause actual results to differ materially from those contemplated by the forward-looking statements: (1) sustained periods of low interest rates; (2) fluctuation in insurance reserve liabilities and claim payments due to changes in claim incidence, recovery rates, mortality and morbidity rates, and policy benefit offsets due to, among other factors, the rate of unemployment and consumer confidence, the emergence of new diseases, epidemics, or pandemics, new trends and developments in medical treatments, the effectiveness of our claims operational processes, and changes in governmental programs; (3) unfavorable economic or business conditions, both domestic and foreign, that may result in decreases in sales, premiums, or persistency, as well as unfavorable claims activity; (4) legislative, regulatory, or tax changes, both domestic and foreign, including the effect of potential legislation and increased regulation in the current political environment; (5) investment results, including, but not limited to, changes in interest rates, defaults, changes in credit spreads, impairments, and the lack of appropriate investments in the market which can be acquired to match our liabilities; (6) a cyber attack or other security breach could result in the unauthorized acquisition of confidential data; (7) the failure of our business recovery and incident management processes to resume our business operations in the event of a natural catastrophe, cyber attack, or other event; (8) execution risk related to our technology needs; (9) increased competition from other insurers and financial services companies due to industry consolidation, new entrants to our markets, or other factors; (10) changes in our financial strength and credit ratings; (11) damage to our reputation due to, among other factors, regulatory investigations, legal proceedings, external events, and/or inadequate or failed internal controls and procedures; (12) actual experience in the broad array of our products that deviates from our assumptions used in pricing, underwriting, and reserving; (13) changes in accounting standards, practices, or policies; (14) effectiveness of our risk management program; (15) contingencies and the level and results of litigation; (16) availability of reinsurance in the market and the ability of our reinsurers to meet their obligations to us; (17) ineffectiveness of our derivatives hedging programs due to changes in the economic environment, counterparty risk, ratings downgrades, capital market volatility, changes in interest rates, and/or regulation; (18) fluctuation in foreign currency exchange rates; (19) ability to generate sufficient internal liquidity and/or obtain external financing; (20) recoverability and/or realization of the carrying value of our intangible assets, long-lived assets, and deferred tax assets; and (21) terrorism, both within the
For further discussion of risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Part 1, Item 1A “Risk Factors” of our annual report on Form 10-K for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20180524005874/en/
Investors:
or
Media:
Source:
Trump Cancels Talk With North Korea
Three Common Myths about Cyber Security – What Small and Midsize Businesses Should Know as Cyber Risk Grows
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News