September 28, 2016 1:04 PM ET

Insurance

Company Overview of Unum Limited

Company Overview

Unum Limited operates as a financial protection insurers in the United Kingdom. The company offers 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, ...

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 and Director
Age: 49
Chief Financial Officer and Director
Chief Operating Officer and Member of Executive Committee
Chairman, Chief Executive Officer of Unum Group and President of Unum Group
Age: 47
Chief Information Officer and Member of Executive Committee
Compensation as of Fiscal Year 2016.

Unum Limited Key Developments

Unum Limited Appoints Liz Walker to HR Director for UK Business

Unum has announced the appointment of Liz Walker, former head of key accounts, to HR director for the company’s UK business. Liz will report directly into Peter O’Donnell, CEO, Unum UK and will also join the UK board effective from 1 June 2016. She will work closely with the Group HR team, and Diane Garofalo, senior vice president of corporate human resources, to support the company's growth objectives via modern HR service delivery. This includes ensuring a customer experience that is aligned to the evolving needs of the changing workforce and marketplace and driving simple and efficient programmes, processes and use of technology.

Unum US Announces Earnings Results for the First Quarter of 2016; Provides Sales Guidance for the Fiscal 2016

Unum US announced earnings results for the first quarter of 2016. The company generated premium growth of 5.8% for the first quarter, with good persistency trends, strong contributions from renewal programs and pricing actions and 2015 sales levels. New sales did decline in the first quarter due to some increased competition seeing in the market and also some difficult sales comparisons. Operating income was $215.9 million, an increase of 0.7% from the year-ago quarter of $214.3 million. The profitability of Unum US remain very strong with an operating ROE of 14.4% for the first quarter compared to 13.5% in the year-ago quarter. The company announced sales outlook for 2016 for Unum US calls for growth in the 2% to 4% range.

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Recent Private Companies Transactions

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