Latest news with #Unum
Business Wire
08-07-2025
- Business
- Business Wire
Unum Group Names Andrew Walker Chief Customer Operations Officer
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) has appointed Andrew Walker as chief customer operations officer. In this role, Walker will lead the company's customer facing and delivery teams while partnering cross-functionally to deliver on our purpose of helping the working world thrive throughout life's moments. Walker will report to Rick McKenney, president and chief executive officer at Unum Group. 'The addition of Andrew to our executive team continues to bolster our operational excellence and ability to address the evolving needs of our customers and bring our purpose to life for those we serve. He brings robust experience with a clear focus on strategic execution, innovation and customer care,' said McKenney. Throughout his career, Walker has led operational teams across a variety of sectors – customer care, risk and technology, agent regulatory, corporate real estate, procurement, global security, and more – providing him with a wealth of experience that he now brings to Unum Group. He has proven success in driving compliant and efficient practices across the companies where he has served while maintaining a keen focus on the importance of continuous improvement and innovation. "It is an honor to join the team at Unum Group. I look forward to contributing to our shared purpose and collaborating to deliver outstanding service and value to our customers,' said Walker. Prior to joining Unum, Walker served as executive vice president and chief operations officer at Western Union. He has also held senior operations leadership roles at USAA and Nationwide. Walker earned a Bachelor of Science degree in accounting from Herbert Lehman College in New York and completed the Bank Administration Institute at Owen Graduate School of Management at Vanderbilt University, focused on innovation, marketing strategy, and leadership for the banking industry. He is a former member of the IBM Board of Advisors and has served on the board of non-profit organizations, most notably nine years with the Catholic Foundation of Columbus, including serving as Board Chair. Forward-Looking Statements Certain statements in this release constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management's current expectations and beliefs concerning future developments and their potential effects upon Unum Group and its subsidiaries. Unum Group's actual results may differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in Part 1, Item 1A (Risk Factors) of Unum Group's Annual Report on Form 10-K for the year ended December 31, 2024. The forward-looking statements in this release speak only as of the date of this release, and Unum Group does not undertake to update any particular forward-looking statement included in this release. About Unum Group Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2024, Unum Group reported revenues of $12.9 billion and paid $8.0 billion in benefits. The Fortune 500 company is recognized as one of the World's Most Ethical Companies by Ethisphere®. Visit the Unum Group newsroom for more information, and connect with us on LinkedIn, Facebook, and Instagram.
Yahoo
03-07-2025
- Business
- Yahoo
Unum Group to Release Second Quarter 2025 Results and Host Conference Call
CHATTANOOGA, Tenn., July 03, 2025--(BUSINESS WIRE)--Unum Group (NYSE: UNM) will release its second quarter 2025 results on July 29, 2025, at approximately 4:15 p.m. ET. The earnings release and financial supplement will be available in the investors section of the company's website, which can be directly accessed at Members of Unum Group's senior management will host a conference call on July 30, 2025, at 8:00 a.m. ET to discuss second quarter operations results. Topics may include forward-looking information, such as guidance on future results or trends in operations, as well as other material information. Interested parties are invited to listen and participate in the question-and-answer segment. To receive dial-in information for the call, please register in advance through the URL below. Dial In Registration URL: A live webcast of the call will be available in a listen-only mode. Participants should access the webcast approximately 10 minutes before the call. Webcast URL: Unum will keep a recording of the call on the Investor site through August 6, 2025. The replay can be accessed through the same dial-in registration URL above. Anticipated future earnings release dates / conference call dates & times: Third Quarter 2025 – November 4th / November 5th 8 Quarter 2025 – February 3rd / February 4th 8 Quarter 2026 – April 28th / April 29th 8 a.m. About Unum Group Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2024, Unum Group reported revenues of $12.9 billion and paid $8.0 billion in benefits. The Fortune 500 company is recognized as one of the World's Most Ethical Companies by Ethisphere®. Visit the Unum Group newsroom for more information, and connect with us on LinkedIn, Facebook and Instagram. View source version on Contacts MEDIADottie McCallendmccallen@ INVESTORSMatt Royalinvestorrelations@ Sign in to access your portfolio
Business Wire
03-07-2025
- Business
- Business Wire
Unum Group to Release Second Quarter 2025 Results and Host Conference Call
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum Group (NYSE: UNM) will release its second quarter 2025 results on July 29, 2025, at approximately 4:15 p.m. ET. The earnings release and financial supplement will be available in the investors section of the company's website, which can be directly accessed at Members of Unum Group's senior management will host a conference call on July 30, 2025, at 8:00 a.m. ET to discuss second quarter operations results. Topics may include forward-looking information, such as guidance on future results or trends in operations, as well as other material information. Interested parties are invited to listen and participate in the question-and-answer segment. To receive dial-in information for the call, please register in advance through the URL below. Dial In Registration URL: A live webcast of the call will be available in a listen-only mode. Participants should access the webcast approximately 10 minutes before the call. Webcast URL: Unum will keep a recording of the call on the Investor site through August 6, 2025. The replay can be accessed through the same dial-in registration URL above. Anticipated future earnings release dates / conference call dates & times: Third Quarter 2025 – November 4 th / November 5 th 8 a.m. Fourth Quarter 2025 – February 3 rd / February 4 th 8 a.m. First Quarter 2026 – April 28 th / April 29 th 8 a.m. About Unum Group Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2024, Unum Group reported revenues of $12.9 billion and paid $8.0 billion in benefits. The Fortune 500 company is recognized as one of the World's Most Ethical Companies by Ethisphere®. Visit the Unum Group newsroom for more information, and connect with us on LinkedIn, Facebook and Instagram.
Yahoo
02-07-2025
- Business
- Yahoo
Unum America closes reinsurance transaction with Fortitude Re
Unum Life Insurance Company of America (Unum America) has concluded a reinsurance transaction with Fortitude Reinsurance Company. The deal was first announced in March 2025. The agreement involves Unum America ceding $3.4bn of individual long-term care (LTC) reserves and nearly $120m of in-force individual disability income (IDI) premium to Fortitude Re on a coinsurance basis. The transaction encompasses a portion of the individual Unum LTC insurance policies, representing 19% of the company's total LTC block, and a quota share of IDI policies reinsured from an affiliate, which constitutes 20% of company's total in-force IDI premium. The deal is expected to generate a capital benefit of roughly $100m to Unum. As part of the arrangement, Fortitude Re will retrocede biometric risk to a reinsurer, while Unum will retain its service and administration functions for the reinsured business. Legal advisory for the transaction was provided by Debevoise & Plimpton for Unum, and Sidley Austin for Fortitude Re. Unum president and CEO Richard P. McKenney said: 'With the close of this transaction, we have achieved a significant milestone in reducing the company's exposure to the legacy long-term care business. 'Looking forward, we remain focused on further reducing our risk profile, delivering growth in our core businesses, optimising our capital, and delivering value for our shareholders.' This transaction follows Fortitude Re's closure of a $4bn reinsurance deal in March with Taiyo Life Insurance Company, a subsidiary of T&D Holdings, which involved the reinsurance of a portion of Taiyo Life's whole life annuity business. Taiyo Life will continue to service and administer the reinsured policies. "Unum America closes reinsurance transaction with Fortitude Re " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
01-07-2025
- Business
- Yahoo
Fortitude Re Announces Closing of Long-Term Care and Individual Disability Insurance Reinsurance Agreement with Unum Group
HAMILTON, Bermuda, July 01, 2025--(BUSINESS WIRE)--FGH Parent, L.P., (together with its subsidiaries, "Fortitude Re"), a leading global reinsurance company, today announced the closing of the reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. ("FRL") and Unum Life Insurance Company of America ("Unum"), a subsidiary of Unum Group (NYSE: UNM). Consistent with the agreement announced Feb. 27, 2025, Unum will cede to FRL, effective as of January 1, 2025, $3.4 billion of individual long-term care ("LTC") statutory reserves and approximately $120 million of Unum Group's multi-life individual disability insurance ("IDI") in-force premium. The cession represents 19% of Unum Group's total LTC block and 20% of its in-force IDI premium. Unum will continue to service and administer the reinsured policies. With the closing of this transaction with Unum, FRL has also entered into an agreement to retrocede 100% of the LTC and IDI insurance risks to a highly rated global reinsurance partner. FRL will therefore retain only the underlying spread-based risks associated with this block of business. Sidley Austin LLP served as legal counsel to Fortitude Re. About Fortitude Re Fortitude Re is a leading provider of reinsurance solutions with $106 billion in total assets as of Dec. 31, 2024. The foundations of our business model are our exceptional insurance professionals and the support of the world's most sophisticated insurance investors, including Carlyle and T&D Insurance Group. Our people, our capital strength and our capabilities drive strategic reinsurance solutions designed to meet our clients' highest priority goals and to create sustainable, long-term value for our shareholders, our teammates, and the communities in which we operate. For more information visit, and follow Fortitude Re on LinkedIn. View source version on Contacts MEDIA Mary Beth INVESTORS Tanmay GuptaInvestorRelations@
