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Last $33.55 USD
Change Today -0.03 / -0.09%
Volume 788.6K
UNM On Other Exchanges
Symbol
Exchange
Frankfurt
As of 11:45 AM 08/31/15 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

mployment. 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 60 and 67. The benefits are limited to specified maximums as a percentage of income. Group Life: Group life products are sold to employers as employee benefit products. Group life consists of two types of products, a renewable term life insurance product and a group dependent life product. The renewable term life product provides a lump sum benefit to the beneficiary on death of an employee. Both coverages are frequently linked to employees' wages. Premiums for group life are based on expected claims of a pool of similar risks plus provisions for administrative expenses, investment income, and profit. Individual Disability: Individual disability is offered primarily to individual retail customers. Individual disability insurance provides the insured with a portion of earned income lost as a result of sickness or injury. Under an individual disability policy, monthly benefits are fixed at the time the policy is written. The benefits range from 30 percent to 50 percent of the insured's monthly earned income. Various options with respect to length of benefit periods and waiting periods before payment begins are available and permit tailoring of the policy to a specific policyholder's needs. The company’s underwriters evaluate the medical and financial condition of prospective policyholders prior to the issuance of a policy. Approximately one half of its individual disability policies are written on a noncancelable basis. The remainder is offered on a guaranteed renewable basis which allows the company to re-price in-force policies. Critical Illness: Group critical illness products are sold to groups of employees. Individual critical illness products are offered to individual retail customers. Critical illness products provide a lump-sum benefit on the occurrence of a covered critical illness event. Premiums for group critical illness products are based on expected claims of a pool of similar risks plus provisions for administrative expenses, investment income, and profit. Individual critical illness insurance is offered on a guaranteed renewable basis which allows the company to re-price in-force policies. The company develops its assumptions based on its own claims experience and published industry tables. The company’s underwriters evaluate the medical condition of prospective policyholders prior to the issuance of a policy. Colonial Life segment The Colonial Life segment includes insurance for accident, sickness, and disability products, life products, and cancer and critical illness products issued primarily by Colonial Life & Accident Insurance Company and marketed to employees, on both a group and an individual basis, at the workplace through an independent contractor agency sales force and brokers. Accident, Sickness, and Disability: The accident, sickness, and disability product line consists of short-term disability plans, as well as accident-only plans providing benefits for injuries on a specified loss basis. It also includes accident and health plans covering hospital admissions, confinement, and surgeries on an indemnity basis. The accident and health products qualify as fringe benefits that can be purchased with pre-tax employee dollars as part of a flexible benefits program pursuant to Section 125 of the Internal Revenue Code. Flexible benefits programs assist employers in managing benefit and compensation packages and provide policyholders the ability to choose benefits that best meet their needs. Life: Life products are primarily comprised of universal life, whole life, and term life policies. Premiums for the whole life and level term products are guaranteed for the life of the contract. Cancer and Critical Illness: Cancer policies provide various benefits for the treatment of cancer, including hospitalization, surgery, radiation, and chemotherapy. Critical illness policies provide a lump-sum benefit and/or fixed payments on the occurrence of a covered critical illness event. Closed Block segment

 

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UNM:US $33.55 USD -0.03

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Industry Analysis

UNM

Industry Average

Valuation UNM Industry Range
Price/Earnings 22.0x
Price/Sales 0.8x
Price/Book 1.0x
Price/Cash Flow 21.5x
TEV/Sales 0.4x
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