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Company Description

Contact Info

1 Fountain Square

Chattanooga, TN 37402

United States

Phone: 423-294-1011

Fax: 615-238-9898

lives, and in the commercial and public sector markets. 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, health, and dental plans covering hospital admissions, confinement, surgeries, and dental services on an indemnity basis. Premiums for accident, sickness, and disability products are generally based on assumptions for morbidity, mortality, persistency, administrative expenses, investment income, and profit. The company develops its assumptions based on its own experience. Premiums are primarily individual guaranteed renewable for which the company has the ability to change premiums on a state by state basis. A small percentage of the policies are written on a group basis for which the company retains the right to change premiums at the individual account level. Life Life products are primarily consists of universal life, whole life, and term life policies. The company develops its assumptions based on its own experience and published industry tables. For the group term life products, the company retains the right to change premiums at the account level based on the experience of the account. 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. The company develops its assumptions based on its own experience. Premiums are primarily individual guaranteed renewable wherein the company has the ability to change premiums on a state by state basis. Closed Block This segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. Closed Block segment premium income for 2015 was comprised of approximately 50 percent individual disability and 50 percent group and individual long-term care. Individual Disability: The majority of the policies written on a non cancelable basis and marketed on a single-life customer basis. Group and Individual Long-term Care The company’s long-term care insurance was sold on a guaranteed renewable basis which allows the company to re-price in-force policies, subject to regulatory approval. Other Other insurance products include group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other miscellaneous product lines. Business Strategies The company’s strategy is centered on maintaining a strong customer focus while providing an innovative product portfolio of financial protection choices to deepen employee coverages, broaden employer relationships, and open new markets. Regulations Insurance Regulation and Oversight: The company’s U.S. insurance subsidiaries are subject to regulation and oversight by insurance regulatory authorities in the jurisdictions in which they do business and by the U.S. Department of Labor (DOL) on a national basis, primarily for the protection of policyholders. The company’s U.K. insurance subsidiary, Unum Limited, is subject to dual regulation by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Insurance Holding Company Regulation: The company and its U.S. insurance subsidiaries (excluding captive insurers) are subject to regulation under the insurance holding company laws in the states in which they are domiciled (or deemed to be commercially domiciled), which include Maine, Massachusetts, Tennessee, South Carolina, and New York. History Unum Group was founded in 1848.

 

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Valuation UNM Industry Range
Price/Earnings 9.2x
Price/Sales 0.7x
Price/Book 0.9x
Price/Cash Flow 8.9x
TEV/Sales 0.3x
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