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August 01, 2015 3:02 AM ET

Insurance

Company Overview of Unum Limited

Company Overview

Unum Limited operates as a financial protection insurers in the United Kingdom. The company offer income protection, critical illness cover and life insurance solutions for employees. It also provides group income protection that works as a replacement income if an employee is absent from work through long-term illness or injury; sick pay insurance, which covers short-term sickness absence; and group life and critical illness insurance solutions for employers and advisors in SMEs or large corporations. Unum Limited was formerly known as N.E.L. Permanent Health Insurances Limited and changed its name to Unum Limited in November 1991. The company was founded in 1970 and is based in Dorking, Un...

Milton Court

Dorking,  RH4 3LZ

United Kingdom

Founded in 1970

Phone:

44 1306 887 766

Fax:

44 1306 881 394

Key Executives for Unum Limited

Chief Executive Officer, Member of Executive Committee and Director
Age: 48
Chief Financial Officer, Member of Executive Committee and Director
Chief Operating Officer and Member of Executive Committee
Chairman, Chief Executive Officer of Unum Group and President of Unum Group
Age: 46
Chief Information Officer and Member of Executive Committee
Compensation as of Fiscal Year 2015.

Unum Limited Key Developments

Unum Limited Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Unum Limited reported unaudited earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported operating income of $31.3 million in the third quarter of 2013, an increase of 13.8% from $27.5 million in the third quarter of 2012. In local currency, operating income for the third quarter of 2013 increased 16.2% to GBP 20.1 million from GBP 17.3 million in the third quarter of 2012. Premium income decreased 21.6% to $137.3 million in the third quarter of 2013 compared to $175.2 million in the third quarter of 2012, due primarily to group life reinsurance agreements entered into in the first quarter of 2013. In local currency, premium income decreased 20.2% to GBP 88.4 million in the third quarter of 2013 compared to GBP 110.8 million in the third quarter of 2012. The benefit ratio in the third quarter of 2013 was 70.6% compared to 77.7% in the third quarter of 2012. The lower benefit ratio in the third quarter of 2013 reflects favorable risk experience in the group life line due primarily to the impact of the reinsurance agreements entered into in 2013. Persistency in the group long-term disability line of business was 81.9% through the first nine months of 2013, compared to 82.9% through the first nine months of 2012. Persistency in the group life line of business was 64.8% through the first nine months of 2013, compared to 80.3% through the comparable period of 2012, reflecting the company's aggressive efforts to re-price this block of business. Sales increased 1.8% to $17.3 million in the third quarter of 2013, compared to $17.0 million in the third quarter of 2012. In local currency, sales for the third quarter of 2013 increased 3.7% to GBP 11.1 million, compared to GBP 10.7 million in the third quarter of 2012, reflecting an increase in both group life and group long-term disability sales relative to the comparable period of 2012.

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