Unum Group is a leading provider of financial protection benefits in the United States and the United Kingdom, specializing in insurance solutions that help individuals and organizations manage the risks associated with illness, disability, and accidental death. The company offers a range of services, including disability insurance, life insurance, and critical illness coverage, aimed at ensuring financial security for employees and their families. Through its workplace benefits programs, Unum Group partners with employers to deliver comprehensive and customizable plans that enhance employee well-being and support businesses in attracting and retaining top talent.
Effective January 9, 2025, the Unum Group (NYSEUNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid February 14, 2025, to stockholders of record as of January 24, 2025.
Unum Group (NYSEUNM) will release its fourth quarter 2024 results on February 4, 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 https://investors.unum.com.
Unum Group (NYSEUNM) today reported net income of $645.7 million ($3.46 per diluted common share) for the third quarter of 2024, compared to net income of $202.0 million ($1.02 per diluted common share) for the third quarter of 2023.
Effective October 11, 2024, the Unum Group (NYSEUNM) Board of Directors declared a quarterly dividend of $0.420 per share on its common stock to be paid November 15, 2024, to stockholders of record as of October 25, 2024.
The September syndrome is already visible in U.S. stock markets. At this stage, investment in stocks with high dividend yield strong price appreciation potential in the short term should enhance portfolio returns.
Concerns over flat pricing and an inevitable interest rate cut now loom over the insurance industry. Nonetheless, the space seems well-poised for growth amid this volatility. Here are some stocks in the industry to consider.
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) for the members of Unum Insurance Group. These companies are the core U.S. life/health (L/H) insurance subsidiaries of Unum Group (Unum) (headquartered in Chattanooga, TN) [NYSE: UNM]. In addition, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) of Unum. The outlook of these Credit Ratings (ratings) is stable. (See below for a complete listing of the L/H subsidiaries and the Long-Term IRs.)
