Unum Group’s Board of Directors Authorizes $1 Billion Share Repurchase Program
18 Fevereiro 2025 - 6:15PM
Business Wire
Unum Group (NYSE: UNM) announced today that its board of
directors has approved a share repurchase program authorizing the
company to repurchase up to $1 billion of its common stock from
time to time beginning on April 1, 2025. The board of directors
also authorized the termination of the company’s current share
repurchase program as of March 31, 2025, with any unused amount
under that program expiring as of that date.
The timing and amount of share repurchases will be determined by
management based on its evaluation of market conditions and other
considerations. Repurchases may be made in open market transactions
at prevailing prices, in privately negotiated transactions
(including accelerated share repurchase programs), pursuant to
preset trading plans meeting the requirements of Rule 10b5-1 under
the Securities Exchange Act of 1934, or by other means in
accordance with federal securities laws. The program may be
suspended, modified, or terminated by the board at any time.
Forward-Looking Statements
Certain statements in this release constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are made based on
management’s current expectations and beliefs concerning future
developments and their potential effects upon Unum Group and its
subsidiaries. Unum Group’s actual results may differ, possibly
materially, from expectations or estimates reflected in such
forward-looking statements. Certain important factors that could
cause actual results to differ, possibly materially, from
expectations or estimates reflected in such forward-looking
statements can be found in Part 1, Item 1A (Risk Factors) of Unum
Group’s Annual Report on Form 10-K for the year ended December 31,
2023. The forward-looking statements in this release speak only as
of the date of this release, and Unum Group does not undertake to
update any particular forward-looking statement included in this
release.
About Unum Group
Unum Group (NYSE: UNM), a leading international provider
of workplace benefits and services, has been helping workers and
their families thrive for more than 175 years. Through its Unum and
Colonial Life brands, the company offers disability, life,
accident, critical illness, dental, and vision insurance; leave and
absence management support; and behavioral health services. In
2024, Unum Group reported revenues of $12.9 billion and paid $8.0
billion in benefits. The Fortune 500 company is recognized as one
of the World’s Most Ethical Companies by Ethisphere®.
Visit the Unum Group newsroom for more information, and connect
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version on businesswire.com: https://www.businesswire.com/news/home/20250218517596/en/
MEDIA Emily Downing-Baer edowning@unum.com INVESTORS Matt Royal
investorrelations@unum.com
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