CHATTANOOGA, Tenn., May 25, 2023
/PRNewswire/ -- At its annual shareholder's meeting today, Unum
Group (NYSE: UNM) President and CEO Richard
McKenney expressed confidence in Unum's strategy, growth
outlook and financial flexibility.
As announced earlier this morning, Unum's board of directors
authorized an increase of more than 10 percent in the quarterly
dividend paid on its common stock. The new rate of 36.5 cents per common share, or $1.46 per share on an annual basis, will be
effective with the dividend expected to be paid in the third
quarter of 2023.
"We are in the business that benefits society and guided by a
clear purpose of helping others," McKenney said. "As Unum
celebrates its 175th anniversary, our purpose compels us
to grow and evolve our business to serve even more individuals
delivering lasting value to all of our constituents."
In 2022, Unum served 45 million individuals and their families,
delivered nearly $8 billion in
benefits, and provided benefits and workplace solutions to more
than 181,000 companies.
Based on preliminary voting results, Unum shareholders elected
11 directors for terms expiring in 2024: Theodore Bunting, Jr., Susan Cross, Susan
DeVore, Joseph Echevarria,
Cynthia Egan, Kevin Kabat, Timothy
Keaney, Gale King,
Gloria Larson, Richard McKenney, and Ronald O'Hanley; approved, on an advisory basis,
the compensation of our named executive officers; voted, on an
advisory basis, in favor of holding future advisory votes on the
compensation of our named executive officers every year; and
ratified the appointment of EY as our independent auditor for 2023.
Francis Shammo retired from the
board today. Unum expects to publish the final voting results in a
Form 8-K filing with the SEC within the next four business
days.
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
Unum Group (NYSE: UNM), an
international provider of workplace benefits and services, has been
helping workers and their families for 175 years. Through its Unum
and Colonial Life brands, the company offers disability, life,
accident, critical illness, dental, vision and stop-loss insurance;
leave and absence management support and behavioral health
services. In 2022, Unum reported revenues of $12.0 billion and paid $7.9 billion in benefits. The Fortune 500 company
is one of the 2023 World's Most Ethical Companies, recognized by
Ethisphere®.
Visit the Unum newsroom for more information, and connect with
us on LinkedIn, Facebook, and Instagram.
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SOURCE Unum Group