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Unum Group

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Unum’s third-quarter earnings per share beat expectations and improved year over year. Strong performances by Unum U.S. and Colonial Life were partially offset by underperformance of Unum U.K. Premiums continue to increase, fueled by solid persistency levels in core business lines and sturdy volume of sales, along with solid benefits experience. Acquisitions have provided additional support. Starmount Life Insurance Company buyout gave access to growth opportunities in the dental market, which is in sync with its strategy to focus more on the employee benefits business. Sustained favorable performance drives solid capital generation and strong financial flexibility aiding active capital deployment. However, exposure to low interest rate environment remains the key headwind affecting Unum U.K. results.

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