June 25, 2017 8:33 PM ET

Insurance

Company Overview of Union Security Insurance Company

Company Overview

Union Security Insurance Company provides life and health insurance products in the United States. Its insurance products include group disability insurance, group dental insurance, group life insurance, and small employer group health insurance and preneed. The company was founded in 1910 and is based in Kansas City, Missouri. Union Security Insurance Company is a subsidiary of Sun Life Assurance Company Of Canada.

2323 Grand Boulevard

Kansas City, MO 64108

United States

Founded in 1910

7 Employees

Phone:

816-474-2345

Fax:

816-881-8996

Key Executives for Union Security Insurance Company

President
Age: 48
Director, Chief Executive Officer of Assurant Solutions and President of Assurant Solutions
Age: 55
President of Disability RMS
Age: 63
Chief Information Officer and Senior Vice President
Age: 56
Senior Vice President, General Counsel and Assistant Secretary
Age: 62
Compensation as of Fiscal Year 2016.

Union Security Insurance Company Key Developments

Assurant Employee Benefits Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2015

Assurant Employee Benefits reported unaudited earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net operating income of $15.5 million against $7.2 million a year ago. Net earned premiums, fees and other was $270.8 million against $269.4 million a year ago. Net operating income increased in the quarter, primarily due to favorable disability and life experience. For the year, the company reported net operating income of $47.3 million against $48.7 million a year ago. Net earned premiums, fees and other was $1,091.8 million against $1,075.9 million a year ago. Full-year 2015 net operating income declined, compared to 2014, primarily due to less favorable life experience. Net earned premiums, fees and other income increased slightly in fourth quarter and full-year 2015, primarily due to continued growth in voluntary products. Sales increased in the quarter and full year 2015. Results reflect continued growth in voluntary products sales.

Assurant Employee Benefits Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Full Year 2015

Assurant Employee Benefits reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net operating income of $10.4 million against $13.1 million a year ago. Net earned premiums, fees and other was $272.1 million against $270.0 million a year ago. Net operating income decreased in the quarter, primarily due to less favorable dental and disability loss experience. Net earned premiums, fees and other income increased in third quarter 2015, primarily due to continued growth in voluntary products partially offset by a decline in employer-paid products. Sales decreased in the quarter. Lower sales in both voluntary and employer-paid products drove the decline. For the nine months, the company reported net operating income of $31.9 million against $41.4 million a year ago. Net earned premiums, fees and other was $820.9 million against $806.5 million a year ago. For the year 2015, company’s net earned premiums and fees to increase compared to 2014 due to growth in voluntary products. Continued expense management actions to offset pressures from lower investment income. Results to be affected by U.S. employment trends and capital market conditions.

Assurant Employee Benefits Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

Assurant Employee Benefits reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net operating income of USD 11.3 million compared to USD 14.4 million reported a year ago. Net earned premiums, fees and other was USD 275.6 million compared to USD 268.8 million reported a year ago. Net operating income decreased in the quarter, primarily due to less favorable life and disability loss experience. Net earned premiums, fees and other income increased in second quarter 2015 due to continued growth in voluntary products. Sales increased slightly in the quarter. The increase reflects higher voluntary product sales, partially offset by a decline in employer-paid products. For the six months, the company reported net operating income of USD 21.4 million compared to USD 28.3 million reported a year ago. Net earned premiums, fees and other was USD 548.8 million compared to USD 536.5 million reported a year ago. For the year 2015, the company’s net earned premiums and fees to increase compared to 2014 due to growth in voluntary products.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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