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Last $35.84 USD
Change Today -0.26 / -0.72%
Volume 1.7M
UNM On Other Exchanges
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UNM is not on other exchanges.
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1 Fountain Square

Chattanooga, TN 37402

United States

Phone: 423-294-1011

Fax: 615-238-9898

Unum Group, together with its subsidiaries, provides group and individual disability insurance products in the United States and the United Kingdom. Segments The company operates through three segments: Unum US, Unum UK, and Colonial Life Unum U.S. segment The Unum U.S. segment includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. The supplemental and voluntary lines of business comprise individual disability and voluntary benefits products. Unum U.S. products are issued primarily by Unum America and Provident. The company sells group long-term and short-term disability products to employers for the benefit of employees. Group long-term disability provides employees with insurance coverage for loss of income in the event of extended work absences due to sickness or injury. The company offers services to employers and insureds to encourage and facilitate rehabilitation, retraining, and re-employment. Most policies begin providing benefits following 90 or 180 day waiting periods and continue providing benefits until the employee reaches a certain age, generally between 65 and 70. The benefits are limited to specified maximums as a percentage of income. The company also offers fee-based administrative services only (ASO) products, where the responsibility for funding claim payments remains with the customer, and fee-based family medical leave products. Group Life and Accidental Death and Dismemberment: Group life and accidental death and dismemberment products are sold to employers as employee benefit products. Group life consists primarily of renewable term life insurance with the coverages frequently linked to employees' wages and includes a provision for waiver of premium, if disabled. Accidental death and dismemberment consists primarily of an additional benefit amount payable if death or severe injury is attributable to an accident. Individual Disability: Individual disability is offered primarily to multi-life employer groups to supplement their group disability plans and might be funded by the employer, but the policy is owned by the employee and is portable. Individual disability insurance provides the insured with a portion of earned income lost as a result of sickness or injury. The benefits, including the underlying group disability coverage, typically range from 30 percent to 75 percent of the insured's monthly earned income. The company also markets individual disability policies which include payments for the transfer of business ownership between partners and payments for business overhead expenses, also on a multi-life basis. The majority of its individual disability policies are written on a noncancelable basis. Voluntary Benefits: Voluntary benefits products are primarily sold to groups of employees through payroll deduction at the workplace and include life, disability, accident, hospital indemnity, cancer, and critical illness offered on both a group and individual basis. Individual voluntary benefits products other than life insurance are offered on a guaranteed renewable basis which allows the company to re-price in-force policies, subject to regulatory approval. Group voluntary benefits products are offered primarily on an optionally renewable basis which allows the company to re-price or terminate in-force policies. Unum U.K. segment The Unum U.K. segment includes insurance for group long-term disability, group life, and supplemental lines of business which include individual disability and critical illness products. Unum UK's products are issued primarily by Unum Limited and are sold in the United Kingdom through field sales personnel and independent brokers and consultants. Group Long-term Disability: Group long-term disability products are sold to employers for the benefit of employees. Group long-term disability provides employees with insurance coverage for loss of income in the event of extended work absences due to sickness or injury. Services are offered to employers and insureds to encourage and facilitate rehabilitation, retraining, and re-e

 

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UNM:US $35.84 USD -0.26

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Industry Analysis

UNM

Industry Average

Valuation UNM Industry Range
Price/Earnings 23.5x
Price/Sales 0.8x
Price/Book 1.0x
Price/Cash Flow 22.9x
TEV/Sales 0.5x
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