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Unum Group (UNM) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Unum Group

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

 
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Unum Group Reports Fourth Quarter 2018 Results

CHATTANOOGA, Tenn. (February 5, 2019) - Unum Group (NYSE: UNM) today reported net income of $249.1 million ($1.15 per diluted common share) for the fourth quarter of 2018, compared to net income of $266.9 million ($1.19 per diluted common share) for the fourth quarter of 2017.
Included in net income for the fourth quarter of 2018 is a net after-tax realized investment loss of $32.6 million ($0.15 per diluted common share) on the Company’s investment portfolio. Excluding the net after-tax realized investment loss, after-tax adjusted operating income was $281.7 million ($1.30 per diluted common share) in the fourth quarter of 2018. Net income, for the fourth quarter of 2017, included a net after-tax realized investment gain of $7.2 million ($0.03 per diluted common share) and the impacts from tax reform, which resulted in the revaluation of our net deferred tax liabilities at the newly enacted rate of 21 percent generating a tax benefit of $97.9 million ($0.44 per diluted common share), and the one-time tax on undistributed and previously untaxed foreign earnings and profits resulting in a tax expense of $66.4 million ($0.30 per diluted common share). Net income, for the fourth quarter of 2017, also included a net loss related to the settlement of a third party review conducted on behalf of a number of state treasurers concerning unclaimed death benefits of $25.4 million ($0.11 per diluted common share). Excluding the net after-tax realized investment gain, the impacts from tax reform, and the reserves established for unclaimed death benefits, after-tax adjusted operating income was $253.6 million ($1.13 per diluted common share) in the fourth quarter of 2017.
“Our fourth quarter results again reflected the positive trends in our core businesses with good premium growth and stable benefits experience. These trends continue to produce solid margins and strong cash flow," said Richard P. McKenney, president and chief executive officer. 
“This operating performance reflects the disciplined execution of our plans and the strategic positioning we enjoy in our markets. I continue to be proud of the efforts of our employees as we provide important protections and services to our customers and their families."


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 Tuesday, February 5, 2019 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-K Annual 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-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Parent Company Balance Sheet (Detail)
Parent Company Balance Sheet (Parenthetical) (Detail)
Parent Company Cash Flow Statement (Detail)
Parent Company Debt Schedule (Detail)
Parent Company Notes - Additional Details (Detail)
Parent Company Statement Of Income (Detail)
Schedule I - Summary Of Investments, Other Than Investments In Related Parties Schedule I - Summary Of Investments, Other Than Investments In Related Parties
Schedule I - Summary Of Investments, Other Than Investments In Related Parties Schedule I - Summary Of Investments, Other Than Investments In Related Parties (Details)
Schedule Ii Condensed Finacial Information Of Registrant
Schedule Ii Condensed Financial Information Of Registrant (Tables)
Schedule Iii Supplementary Insurance Information
Schedule Iii Supplementary Insurance Information (Detail)
Schedule Iv Reinsurance
Schedule Iv Reinsurance (Detail)
Schedule V Valuation And Qualifying Accounts
Schedule V Valuation And Qualifying Accounts (Detail)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (Parenthetical)
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Tables)
Amortized Cost And Fair Values Of Securities By Security Type (Detail)
Assets By Segment (Detail)
Basic And Diluted Earnings Per Share (Detail)
Changes In Assets And Liabilities Measured At Fair Value On A Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities - Additional Information (Detail)
Debt
Debt (Tables)
Debt - Additional Information Domain (Detail)
Debt Schedule (Detail)
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)
Employee Benefit Plans
Employee Benefit Plans (Tables)
Employee Benefit Plans - Additional Information (Detail)
Employee Benefit Plans Amounts Recognized In Balance Sheet (Details)
Employee Benefit Plans Amounts Recognized In Other Comprehensive Income (Details)
Employee Benefit Plans Change In Projected Benefit Obligation Amount (Details)
Employee Benefit Plans Expected Benefit Payments (Details)
Employee Benefit Plans Measurement Assumptions (Details)
Employee Benefit Plans Net Periodic Benefit Cost (Detail)
Employee Benefit Plans Opeb Changes In Assets Measured At Fair Value Using Signficant Unobservable Inputs (Details)
Employee Benefit Plans Opeb Plan Assets, Fair Value Measurements By Input Level (Details)
Employee Benefit Plans Uk Pension Assets, Fair Value Measurement By Input Level (Details)
Employee Benefit Plans Us Pension Assets, Fair Value Measurement By Input Level (Details)
Fair Value Measurements By 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)
Income Tax
Income Tax (Tables)
Income Tax Additional Information (Detail)
Income Tax Expense (Benefit) (Detail)
Intrinsic Value Of Options Exercised And Fair Value Of Options Vested (Details)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments Distribution By External Credit Rating For Fixed Maturity Securities (Details)
Investments Distribution Of The Maturity Dates For Fixed Maturity Securities (Details)
Investments Federal Home Loan Bank Carrying Amount, Collateral Posted And Advances Received (Details)
Investments Investment Income (Detail)
Investments Low Income Housing Tax Credits (Details)
Investments Remaining Contractual Maturity Of Security Lending Agreements (Details)
Investments Schedule Of Financial Instrument And Derivative Offsetting (Details)
Length Of Time Fixed Maturity Securities Had Been In A Gross Unrealized Loss Position (Detail)
Liability For Unpaid Claims
Liability For Unpaid Claims (Tables)
Liability For Unpaid Claims - Additional Information (Detail)
Liability For Unpaid Claims And Claims Adjustment Expense (Detail)
Location And Fair Values Of Derivative Financial Instruments (Detail)
Location Of Gains And Losses On Derivative Instruments Designated As Cash Flow Hedging Instruments (Detail)
Mortgage Loans By Property Type And Geographic Region (Detail)
Mortgage Loans, Sorted By Applicable Credit Quality Indicators (Detail)
Notional Amounts For Each Category Of Derivative Activity (Detail)
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 Income Tax Computed At Us Federal Tax Rates (Detail)
Reconciliation Of Policy And Contract Benefits And Reserves For Future Policy And Contract Benefits (Detail)
Reconciliation Of Total Revenue And Income Before Income Tax To Operating Revenue And Operating Income (Detail)
Reinsurance
Reinsurance (Tables)
Reinsurance - Additional Information (Detail)
Reinsurance - Premium Income Data (Detail)
Schedule Of Accumulated Other Comprehensive Income (Details)
Schedule Of Components Of Unrealized Gain (Loss) On Securities (Details)
Schedule Of Deferred Income Tax Assets And Liabilities (Detail)
Schedule Of Income Subject To Domestic And Foreign Taxation (Detail)
Schedule Of Reclassifications Out Of Accumulated Other Comprehensive Income (Details)
Schedule Of Unaudited Quarterly Results (Detail)
Segment Information
Segment Information (Tables)
Segment Information Deferred Acquisition Costs By Segment (Details)
Segment Information Segments - Additional Information (Detail)
Selected Operating Statement Data By Segment (Detail)
Signficant Accounting Policies (Policies)
Significant Accounting Policies
Significant Accounting Policies (Tables)
Significant Accounting Policies - Additional Information (Detail)
Significant Accounting Policies Schedule Of New Accounting Pronouncements (Details)
Statutory Financial Information
Statutory Financial Information (Detail)
Statutory Financial Information (Tables)
Statutory Financial Information - Additional Details (Detail)
Stock Option Activity (Details)
Stock-Based Compensation
Stock-Based Compensation (Tables)
Stock-Based Compensation - Activity For Psus Classified As Equity (Details)
Stock-Based Compensation - Additional Information (Details)
Stock-Based Compensation - Nonvested Stock Awards Classified In Equity (Details)
Stock-Based Compensation - Valuation Assumptions On Psu Grants (Details)
Stock-Based Compensation Expense (Details)
Stockholders' Equity And Earnings Per Common Share
Stockholders' Equity And Earnings Per Common Share (Tables)
Stockholders' Equity And Earnings Per Common Share - Additional Information (Detail)
Treasury Stock Transactions (Details)
Unaudited Quarterly Results
Unaudited Quarterly Results (Tables)
Unrecognized Tax Benefits (Detail)
Ticker: UNM
CIK: 5513
Form Type: 10-K Annual Report
Accession Number: 0000005513-19-000004
Submitted to the SEC: Tue Feb 19 2019 11:37:08 AM EST
Accepted by the SEC: Tue Feb 19 2019
Period: Monday, December 31, 2018
Industry: Accident And Health Insurance

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