Unum Group

Unum Group

Unum Group

Overview
Date Founded

2009

Headquarters

1 Fountain Square, Chattanooga, TN, 37402, USA

Type of Company

Public

Employees (Worldwide)

10.3K

Industries

Other Insurance Services
Insurance: Life & Health

Company Description

Unum Group is engaged in providing financial protection benefits. It operates through the following segments: Unum U.S., Unum UK, Colonial Life, Closed Block and Corporate. The Unum U.S. segment comprises of group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. The Unum UK segment offers insurance for group long-term disability, group life, and supplemental lines of business which include dental, individual disability, and critical illness products. The Colonial Life segment includes insurance for accident, sickness, disability products, life products, and cancer and critical illness products. The Closed Block segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. The Corporate segment refers to investment income on corporate assets and other corporate income and expenses not allocated to a line of business; and interest expense on corporate debt other than non-recourse debt. The company was founded in 1848 and is headquartered in Chattanooga, TN.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President, Chief Investment Officer

Executive Vice President & Chief Operating Officer

Executive Vice President, General Counsel

Senior Vice President & Chief Accounting Officer

Executive Vice President, People & Communications

Executive Vice President, Chief Information & Digital Officer

Executive Vice President, Unum International

Executive Vice President, Voluntary Benefits & President, Colonial Life

Board of Directors

Chairman & Chief Executive Officer at State Street Corporation

Former Deputy Managing Partner at Deloitte LLP

Former Professional at Arthur Andersen & Co. SAS

Fund Advisor at BlackRock Advisors LLC

Director & Chief Executive Officer at Premier, Inc.

Senior Operating Partner at Stonepeak Infrastructure Partners

Executive Vice President & Global Chief Actuary at XL Group Ltd.

Chairman of EMEA at The Bank of New York Mellon (New York, New York)

Former Chief Executive Officer at Fifth Third Bancorp

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Unum Group
Owners & Shareholders
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PPM uses a variety of methods of analysis in formulating investment advice and/or managing client assets. Fundamental and technical in-house research underpins the firm’s analysis of current or potential investments. The firm utilizes a team-based approach to manage the assets of the portfolio. They also implement client investment strategies primarily through designated portfolio management teams focused on particular asset classes, including fixed income, bank loans, private debt, public equity and private equity.

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DS&C is a deep-value manager that employs a disciplined bottom-up approach. They invest in stocks of out-of-favor companies selling at discounts to tangible book value. The firm tries to look for companies in the bottom decile of price-to-tangible book value ratios and a positive outlook for earnings potential over the next 2-4 years. DS&C utilizes fundamental security analysis and basic research. Their intensive research tries to determine which of these low price/tangible book value stocks will turn around and achieve their earnings potential. The firm’s primary approach is bottom up while they do closely follow and analyze broad economic and sector trends. They will first find a cheap stock and then see if their industry and economic views support their individual company thesis. DS&C’s in-depth research includes time spent reading company documents and speaking/meeting with company management. They try to have multiple phone conversations with company management to familiarize themselves with their strategies, beliefs and intentions before investing in any company.

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Foundry Partners specializes in active management and delivering positive risk-adjusted returns for its clients. Their primary business activities consist of discretionary management of client assets. The firm generally invests client assets in domestic and international exchange listed securities and over-the-counter securities. Foundry Partners offers two distinct actively managed platforms within their value strategies. While distinct, both platforms seek time-tested low-multiple value characteristics and use fundamental analysis in their decision making. Their traditional value platform looks for a combination of three criteria, while its fundamental platform incorporates behavioral elements. The firm’s Growth strategies operate with the belief that investing in innovative, organic revenue growth companies with uniquely profitable business models and appropriately-financed balance sheets is the best way to deliver consistent long-term relative outperformance.

Recent Transactions
Details Hidden

Unum Group purchases Pramerica Zycie TUiR SA from Prudential Financial, Inc.

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Unum Group purchases H&J Capital LLC

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Unum Group purchases National Dental Plan Ltd. from Capita PLC

Transaction Advisors
Accountant

Advised onHitachi Ltd., Hitachi Capital Corp. purchase UNUM Japan Accident Insurance Co. Ltd. from Unum Group

Legal Advisor

Advised onUnum Group purchases Pramerica Zycie TUiR SA from Prudential Financial, Inc.

Underwriter

Advised onUnum Group issued USD Common Stock

Legal Advisor

Advised onUnum Group purchases National Dental Plan Ltd. from Capita PLC

Advisors & Consultants
Legal Advisor

Partner at Sheppard, Mullin, Richter & Hampton LLP

Legal Advisor

Partner at Sullivan & Cromwell LLP

Advisor

Principal, Consulting Actuary at Milliman, Inc.

Clients

Summit Financial Group, Inc. is a holding company, which engages in the provision of community banking and insurance services. It operates through the following division: Community Banking, and Lending. the Community Banking division includes demand, savings and time deposits; commercial, real estate and consumer loans; trust and wealth management services; and cash management services. The Lending division refers to the commercial, commercial real estate, construction and land development, residential real estate, consumer and mortgage warehouse lines of credit.The company was founded on March 5, 1987 and is headquartered in Moorefield, WV.

Key Stats and Financials As of 2019
Market Capitalization
$4.37B
Total Enterprise Value
$9.56B
Earnings Per Share
$5.24
Revenue
$12B
Total Equity
$9.96B
Net Profit
$1.1B
TEVNet Income
8.69x
Debt TEV
0.36x
Total Debt
$3.44B
Enterprise Value / Sales
0.8x
Three Year Compounded Annual Growth Rate Of Revenue
2.69%
Non-Profit Donations & Grants
Political Donations
$5,000
2014
$1,000
2014
$2,000
2014
Investments
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RealLife HR provides management automation and outsourcing solutions. Its products include web application and professional services that facilitate employee benefits communication, enrollment, and ongoing administration. It is located in Hunt Valley, MD.

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Authoria, Inc. develops human capital management software solutions. Its products specific targets are recruiting, performance, incentives, salary, succession and communications. The company was founded in 1997 and is headquartered in Waltham, MA.

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UltraLink, Inc. provides consulting and administration services. The company tailors services to a clients' individual needs. It focuses on helping clients control and minimize the costs of their health and welfare benefits offerings. UltraLink was founded in 1989 and is located in Costa Mesa, CA.

Suppliers
Financial Engines, Inc. Accounting & Financial Services | Sunnyvale, CA

Financial Engines, Inc. engages in the provision of technology-enabled financial advisory services. It also offers discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The company was founded by William F. Sharpe, Joseph A. Grundfest, and Craig W. Johnson in 1996 and is headquartered in Sunnyvale, CA.

Interactive Intelligence Group, Inc. Other Business & Consulting Services | Indianapolis, INDIANA

Interactive Intelligence Group, Inc. provides software and cloud services for customer engagement, communications and collaboration. It engages in the interaction management software solutions and associated services. The company offers three types of products, which including on-premises software; a single-tenant cloud service; and a multi-tenant cloud service. Its services are used in the variety of vertical industries, including accounts receivable management, banking, government, healthcare, insurance, manufacturing, outsourcing, utilities and retail. Interactive Intelligence Group was founded by Donald E. Brown in October 1994 and is headquartered in Indianapolis, IN.

Majesco, Inc. Other Business & Consulting Services | Morristown, NJ

Majesco engages in the provision of cloud insurance software solutions. It includes CloudInsurer solutions which offers cloud-based core insurance platforms, along with distribution management, and data and analytics solutions; and Digital1st solutions which covers a cloud-native, digital engagement and microservices platform-as-a-service for the entire insurance business, and an ecosystem of partners with apps that provide innovative data sources and capabilities. The firm also enables Property and Casualty or General Insurance (P&C); and Life, Annuities, Pensions and Group or Voluntary Benefits (L&A and Group) providers to modernize and optimize their businesses across the end-to-end insurance value chain. The company was founded by Ketan Bansilal Mehta and Sudhakar Venkatraman Ram in April 1992 and is headquartered in Morristown, NJ.

Awards & Honors
Rank #265
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #265
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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