Last10K.com

Unum Group (UNM) SEC Filing 10-Q Quarterly report for the period ending Monday, September 30, 2019

Unum Group

CIK: 5513 Ticker: UNM
image3q19.jpg
 
Exhibit 99.1
 
1 Fountain Square
 
Chattanooga, TN 37402
 
www.unum.com

 
FOR IMMEDIATE RELEASE
 
 
 
 
news
Contacts
 
 
INVESTORS
Tom White
423 294 8996
 
 
 
MEDIA
Michael Hanretta
423 637 3588
 
 
 
 

Unum Group Reports Third Quarter 2019 Results

CHATTANOOGA, Tenn. (October 29, 2019) - Unum Group (NYSE: UNM) today reported net income of $242.0 million ($1.16 per diluted common share) for the third quarter of 2019, compared to a net loss of $284.7 million ($1.30 per diluted common share) for the third quarter of 2018.
Included in net income for the third quarter of 2019 are after-tax costs related to the early retirement of debt of $19.9 million ($0.10 per diluted common share), as well as a net after-tax realized investment loss on the Company’s investment portfolio of $20.8 million ($0.10 per diluted common share). 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 of $7.8 million ($0.04 per diluted common share). Excluding the items above, after-tax adjusted operating income was $282.7 million ($1.36 per diluted common share) in the third quarter of 2019, compared to $300.6 million ($1.37 per diluted common share) in the third quarter of 2018.
“Our operating business segments generated solid results in the third quarter, with good top-line growth and profit margins,” said Richard P. McKenney, president and chief executive officer. “We are continuing to serve more customers and are investing in talent and technology as we grow to provide protection for more workers 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 Wednesday, October 30, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Unum Group's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Unum Group.

Continue

Assess how Unum Group's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Unum Group's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

Tools

Rating

Learn More
Bullish Bearish Neutral
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
M & A
Financial
Legal
Revenue
Other
Filter by Subcategory:
All
Income
Earnings
Product
Debt
Shares
Geography
Cash Flow
Expense
Dividend
Other
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 (Loss) (Unaudited) (Parenthetical)
Consolidated Statements Of Operations (Unaudited)
Consolidated Statements Of Stockholders' Equity (Unaudited)
Consolidated Statements Of Stockholders' Equity (Unaudited) (Parenthetical)
Accounting Developments
Accounting Developments (Tables)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (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 (Detail)
Commitments And Contingent Liabilities
Debt
Debt - Additional Information (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Additional Information (Details)
Derivative Financial Instruments Fair Value Hedges Carrying Amount Of Hedged Assets And Liabilities And Cumulative Basis Adjustments (Details)
Derivative Financial Instruments Gains And Losses On Derivatives Not Designated As Hedging Instruments (Details)
Derivative Financial Instruments Location And Fair Values Of Derivative Financial Instruments (Details)
Derivative Financial Instruments Location Of Gains And Losses Designated As Hedging Instruments, Consolidated Statements Of Income (Details)
Derivative Financial Instruments Location Of Gains And Losses On Derivative Financial Instruments Designated As Hedging Instruments (Details)
Derivative Financial Instruments Nature And Amount Of Collateral Received From And Posted To Our Derivative Counterparties (Details)
Derivative Financial Instruments Notional Amounts For Each Category Of Derivative Activity (Details)
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 Value, By Balance Sheet Grouping (Details)
Fair Values Of Financial Instruments
Fair Values Of Financial Instruments (Tables)
Fair Values Of Financial Instruments Private Equity Partnerships (Details)
Investments
Investments (Tables)
Investments - Additional Information (Detail)
Investments Allowance For Credit Losses (Details)
Investments Amortized Cost And Fair Values Of Securities By Security Type (Detail)
Investments Available For Sale Debt Securities By External Credit Rating (Details)
Investments Distribution Of The Maturity Dates For Fixed Maturity Securities (Detail)
Investments Federal Home Loan Bank Carrying Amount, Collateral Posted And Advances Received (Details)
Investments Length Of Time Fixed Maturity Securities Had Been In A Gross Unrealized Loss Position (Detail)
Investments Low Income Housing Tax Credits (Details)
Investments Mortgage Loans By Property Type And Geographic Region (Detail)
Investments Mortgage Loans Sorted By Applicable Internal Credit Ratings And Loan-To-Value Ratios (Detail)
Investments Net Investment Income (Detail)
Investments Realized Investment Gains And Losses Reported In Consolidated Statements Of Operations (Detail)
Investments Remaining Contractual Maturity Of Securities Lending Agreements (Details)
Investments Schedule Of Financial Instrument And Derivative Offsetting (Details)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases Lease, Cost (Details)
Leases Lessee, Operating Lease, Liability, Payment, Due (Details)
Liability For Unpaid Claims And Claims Adjustment Expenses
Liability For Unpaid Claims And Claims Adjustment Expenses Liability For Unpaid Claims - Additional Information (Details)
Liability For Unpaid Claims And Claims Adjustment Expenses Liability For Unpaid Claims And Claim Adjustment Expenses (Details)
Liability For Unpaid Claims And Claims Adjustment Expenses Liability For Unpaid Claims And Claims Adjustment Expenses (Tables)
Liability For Unpaid Claims And Claims Adjustment Expenses Reconciliation Of Policy And Contract Benefits And Reserves For Future Policy And Contract Benefits (Details)
Net Income Per Common Share (Detail)
New Accounting Pronouncements - Additional Information (Details)
New Accounting Pronouncements And Changes In Accounting Principles (Details)
Premium Income By Major Line Of Business Within Each Segment (Detail)
Quantitative Information Regarding Significant Unobservable Inputs (Details)
Reconciliation Of Total Revenue And Income Before Income Tax By Segment To Adjusted Operating Revenue And Adjusted Operating Income (Detail)
Schedule Of Accumulated Other Comprehensive Loss (Details)
Schedule Of Components Of Unrealized Gain (Loss) On Securities (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 Per Common Share
Stockholders' Equity And Earnings Per Common Share (Tables)
Stockholders' Equity And Earnings Per Common Share - Additional Information (Detail)
Stockholders' Equity And Earnings Per Common Share Treasury Stock Transactions (Details)
Ticker: UNM
CIK: 5513
Form Type: 10-Q Quarterly Report
Accession Number: 0000005513-19-000133
Submitted to the SEC: Wed Oct 30 2019 8:52:23 AM EST
Accepted by the SEC: Wed Oct 30 2019
Period: Monday, September 30, 2019
Industry: Accident And Health Insurance

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/unm/0000005513-19-000133.htm