CHATTANOOGA, Tenn., Oct. 31,
2023 /PRNewswire/ -- Unum Group (NYSE:UNM) announced
today that its board of directors has approved a share repurchase
program authorizing the company to repurchase up to $500 million of its common stock from time to
time beginning on January 1, 2024.
This program follows the company's current share repurchase
program, which expires on December 31,
2023.
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.
About Unum Group
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 about $12 billion and paid $8
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