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Unum Group (UNM) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Unum Group

HISTORY TOOLS
CIK: 5513 Ticker: UNM
Exhibit 99.1
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1 Fountain Square
Chattanooga, TN 37402
www.unum.com
FOR IMMEDIATE RELEASE
Contacts

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MEDIABrad Carmony 901-568-3088
bcarmony@unum.com
INVESTORSTom White 423-294-8996
tawhite@unum.com

Unum Group Reports Fourth Quarter 2019 Results

CHATTANOOGA, Tenn. (February 4, 2020) - Unum Group (NYSE: UNM) today reported net income of $296.2 million ($1.44 per diluted common share) for the fourth quarter of 2019, compared to net income of $249.1 million ($1.15 per diluted common share) for the fourth quarter of 2018.
Included in net income for the fourth quarter of 2019 are after-tax costs related to the early retirement of debt of $1.7 million ($0.01 per diluted common share), as well as a net after-tax realized investment gain on the Company’s investment portfolio of $7.2 million ($0.04 per diluted common share). Included in net income for the fourth quarter of 2018 is a net after-tax realized investment loss on the Company's investment portfolio of $32.6 million ($0.15 per diluted common share). Excluding the items above, after-tax adjusted operating income was $290.7 million ($1.41 per diluted common share) in the fourth quarter of 2019, compared to $281.7 million ($1.30 per diluted common share) in the fourth quarter of 2018.
“Unum wrapped up 2019 on a positive note with solid results in the fourth quarter. Healthy profit margins were driven by a mix of steady premium growth, stable benefits experience, and focus on expense management,” said Richard P. McKenney, president and chief executive officer. “Looking forward, we will remain focused on accelerating growth to meet the growing need for our products in the marketplace and to position Unum for ongoing success.”



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 4, 2020 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
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Consolidated Statements Of Stockholders' Equity
Consolidated Statements Of Stockholders' Equity (Parenthetical)
Statement Of Comprehensive Income (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
Debt
Debt (Tables)
Debt - Additional Information (Details)
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)
Leases
Leases (Tables)
Leases - Additional Information (Details)
Leases, Cost (Details)
Length Of Time Fixed Maturity Securities Had Been In A Gross Unrealized Loss Position (Detail)
Lessee, Operating Lease, Liability, Payment, Due (Details)
Liability For Unpaid Claims - Additional Information (Detail)
Liability For Unpaid Claims And Claim Adjustment Expenses
Liability For Unpaid Claims And Claim Adjustment Expenses (Tables)
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)
Parent Company Balance Sheet (Detail)
Parent Company Cash Flow Statement (Detail)
Parent Company Debt Schedule (Detail)
Parent Company Notes - Additional Details (Details)
Parent Company Statement Of Income (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 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 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)
Schedule V Valuation And Qualifying Accounts
Schedule V Valuation And Qualifying Accounts (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: 0000005513-20-000027
Submitted to the SEC: Tue Feb 18 2020 4:33:40 PM EST
Accepted by the SEC: Tue Feb 18 2020
Period: Tuesday, December 31, 2019
Industry: Accident And Health Insurance

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