BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Unum reports 10.9% profit increase for 2nd quarter


Chattanooga, Tenn.-based Unum Group is reporting a second quarter net income of $242.5 million, up 10.9% from $218.6 million in the same period last year, the insurer said in its earnings statement Wednesday.

“The growth in our operating earnings per share this quarter was driven by solid growth in our earnings in addition to the ongoing favorable impact of our share repurchase program, which is the kind of balance we have sought,” President and CEO Thomas R. Watjen said in the statement.

According to the release, Unum Group reported strong sales and improved premium growth across much of the company.

In the U.S. segment, group long-term disability and group short-term disability sales increased in the second quarter, as did sales of group life and accidental death and dismemberment products, the release states. The supplemental and voluntary line of business, however, reported a slight decline in operating income to $83.6 million, compared to $83.7 million in the second quarter of 2013.

“While there are always challenges, I believe that we are well-positioned to continue to capitalize on the opportunities ahead to profitably grow our business,” Mr. Watjen said in the statement.

Read Next