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Unum Group (UNM) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Unum Group

CIK: 5513 Ticker: UNM
imagea3q18.jpg
 
Exhibit 99.1
 
1 Fountain Square
 
Chattanooga, TN 37402
 
www.unum.com

 
FOR IMMEDIATE RELEASE
 
 
 
 
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Unum Group Reports Third Quarter 2018 Results

CHATTANOOGA, Tenn. (October 24, 2018) - Unum Group (NYSE: UNM) today reported a net loss of $284.7 million ($1.30 per diluted common share) for the third quarter of 2018, compared to net income of $252.3 million ($1.12 per diluted common share) for the third quarter of 2017.
Included in the net loss for the third quarter of 2018 is an after-tax reserve increase of $593.1 million ($2.71 per diluted common share) in the long-term care product line of our Closed Block segment, as well as a net after-tax realized investment gain on the Company's investment portfolio. Included in net income for the third quarter of 2017 is a net after-tax realized investment gain on the Company's investment portfolio. Excluding the items above, after-tax adjusted operating income was $300.6 million ($1.37 per diluted common share) in the third quarter of 2018, compared to $246.1 million ($1.09 per diluted common share) in the third quarter of 2017.
“Overall, we are pleased with the third quarter and particularly the performance of our core businesses," said Richard P. McKenney, president and chief executive officer. “Looking beyond the impact of the long-term care reserve strengthening, we continue to see solid premium growth and stable benefits experience, which drive strong overall performance and significant financial flexibility for our company. This success is a reflection of our track record of taking care of our customers and the consistent execution of our plans.”

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES.
 

The following information was filed by Unum Group (UNM) on Wednesday, October 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Unum Group's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Loss) (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited) (Parenthetical)
Consolidated Statements Of Operations (Unaudited)
Consolidated Statements Of Stockholders' Equity (Unaudited)
Consolidated Statements Of Stockholders' Equity (Unaudited) (Parenthetical)
Accounting Developments
Accounting Developments Accounting Developments (Tables)
Accounting Developments New Accounting Pronouncements And Changes In Accounting Principles (Details)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Tables)
Assets By Segment (Detail)
Basis Of Presentation
Basis Of Presentation (Policies)
Changes In Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail)
Commitments And Contingent Liabilities
Debt - Additional Information (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Additional Information (Detail)
Derivative Financial Instruments Fair Value Hedges Carrying Amount Of Hedged Assets And Liabilities And Cumulative Basis Adjustments (Details)
Derivative Financial Instruments Location Of Gains And Losses Designated As Hedging Instruments, Consolidated Statements Of Income (Details)
Derivative Financial Instruments Nature And Amount Of Collateral Received From And Posted To Our Derivative Counterparties (Details)
Distribution Of The Maturity Dates For Fixed Maturity Securities (Detail)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans Net Periodic Benefit Cost (Detail)
Fair Value Measurements By Fair Value Heirarchy Input Level (Detail)
Fair Value Of Financial Instruments Additional Information (Detail)
Fair Values Of Financial Instruments
Fair Values Of Financial Instruments (Tables)
Fair Values Of Financial Instruments Carrying Amounts And Estimated Fair Value Of Financial Instruments Not Measured At Fair Value (Details)
Fair Values Of Financial Instruments Private Equity Partnerships (Details)
Gains And Losses On Derivatives Not Designated As Hedging Instruments (Detail)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments Amortized Cost And Fair Values Of Securities By Security Type (Detail)
Investments Distribution By External Credit Rating For Fixed Maturity Securities (Details)
Investments Federal Home Loan Bank Carrying Amount, Collateral Posted And Advances Received (Details)
Investments Low Income Housing Tax Credits (Details)
Investments Remaining Contractual Maturity Of Securities Lending Agreements (Details)
Length Of Time Fixed Maturity Securities Had Been In A Gross Unrealized Loss Position (Detail)
Liability For Unpaid Claims And Cae Liability For Unpaid Claims
Liability For Unpaid Claims And Cae Liability For Unpaid Claims (Tables)
Liability For Unpaid Claims And Cae Liability For Unpaid Claims - Additional Information (Details)
Liability For Unpaid Claims And Cae Liability For Unpaid Claims And Claim Adjustment Expenses (Details)
Liability For Unpaid Claims And Cae Reconciliation Of Policy And Contract Benefits And Reserves For Future Policy And Contract Benefits (Details)
Location And Fair Values Of Derivative Financial Instruments (Detail)
Location Of Gains And Losses On Derivative Financial Instruments Designated As Hedging Instruments (Detail)
Mortgage Loans By Property Type And Geographic Region (Detail)
Mortgage Loans Sorted By Applicable Internal Credit Ratings And Loan-To-Value Ratios (Detail)
Net Income (Loss) Per Common Share (Detail)
Net Investment Income (Detail)
Notional Amounts For Each Category Of Derivative Activity (Detail)
Other
Other Income Tax - Additional Information (Details)
Premium Income By Major Line Of Business Within Each Segment (Detail)
Quantitative Information Regarding Significant Unobservable Inputs (Details)
Realized Investment Gains And Losses Reported In Consolidated Statements Of Income (Detail)
Reconciliation Of Total Revenue And Income (Loss) Before Income Tax By Segment To Adjusted Operating Revenue And Adjusted Operating Income (Detail)
Schedule Of Accumulated Other Comprehensive Income (Details)
Schedule Of Components Of Unrealized Gain (Loss) On Securities (Details)
Schedule Of Financial Instrument And Derivative Offsetting (Details)
Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income (Loss) (Details)
Segment Information
Segment Information (Tables)
Segment Information Segment Information - Additional Information (Details)
Selected Operating Statement Data By Segment (Detail)
Stockholders' Equity And Earnings (Loss) Per Common Share
Stockholders' Equity And Earnings (Loss) Per Common Share (Tables)
Stockholders' Equity And Earnings (Loss) Per Common Share Treasury Stock Transactions (Details)
Stockholders' Equity And Earnings Per Common Share - Additional Information (Detail)
Transfers Of Assets Between Level 1 And Level 2 (Detail)
Ticker: UNM
CIK: 5513
Form Type: 10-Q Quarterly Report
Accession Number: 0000005513-18-000094
Submitted to the SEC: Thu Oct 25 2018 11:38:38 AM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Accident And Health Insurance

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