Financial Highlights
| 2011 | 2010 | 2009 | 2008 | 2007 | |
| Income Per Share* | |||||
| Income from Continuing Operations, As Adjusted** | $ 2.95 |
$ 2.69 |
$ 2.57 |
$ 2.51 |
$ 2.21 |
| Net Realized Investment Gain (Loss) | (0.01) |
0.05 |
— |
(0.89) |
(0.12) |
| Deferred Acquisition Costs and Reserve Charges for Closed Block | (2.24) |
— |
— |
— |
— |
| Special Tax Items and Debt Extinguishment Costs | 0.08 |
(0.03) |
— |
— |
(0.10) |
| Regulatory Reassessment Charges | — |
— |
— |
— |
(0.10) |
| Income from Continuing Operations | 0.78 |
2.71 |
2.57 |
1.62 |
1.89 |
| Income from Discontinued Operations | — |
— |
— |
— |
0.02 |
| Net Income | $ 0.78 | $ 2.71 | $ 2.57 | $ 1.62 | $ 1.91 |
| Book Value Per Share | |||||
| Total Stockholders' Equity | $ 29.30 | $ 28.25 | $ 25.62 | $ 19.32 | $ 22.28 |
| Net Unrealized Gain (Loss) on Securities | 2.07 |
1.29 |
1.14 |
(2.51) |
0.99 |
| Net Gain on Cash Flow Hedges | 1.39 | 1.14 | 1.12 | 1.38 | 0.50 |
| Foreign Currency Translation Adjustment | (0.41) |
(0.35) |
(0.24) |
(0.54) |
0.35 |
| Unrecognized Pension and Postretirement Benefit Costs | (1.52) |
(1.00) |
(0.99) |
(1.23) |
(0.55) |
| Total Stockholders' Equity, As Adjusted** | $ 27.77 |
$ 27.17 |
$ 24.59 |
$ 22.22 |
$ 20.99 |
*Per Share Amounts for Operating Statement Data Assume Dilution.
**We analyze our performance using non-GAAP financial measures which exclude certain items and the related tax thereon from net income. We believe "Income from Continuing Operations, As Adjusted," which is a non-GAAP financial measure and excludes realized investment gains and losses, which are recurring, and certain other items as specified, is a better performance measure and a better indicator of the profitability and underlying trends in our business. Realized investment gains and losses are primarily dependent on market conditions and general economic events and are not necessarily related to decisions regarding our underlying business. The exclusion of certain other items specified above also enhances the understanding and comparability of our performance and the underlying fundamentals in our operations, but this exclusion is not an indication that similar items may not recur. We also believe that book value per common share excluding accumulated other comprehensive income or loss, which also tends to fluctuate depending on market conditions and general economic trends, is an important measure. See pages 40, 41 and 167 of our Annual Report for additional non-GAAP financial measure reconciliations.
Senior Officers and Board of Directors
Senior Officers
President and Chief
Executive Officer
Liston Bishop III
Executive Vice President and General Counsel
Randall C. Horn
President and Chief Executive Officer, Colonial Life
Kevin P. McCarthy
Executive Vice President and Chief Operating Officer;
President and Chief Executive Officer, Unum US
Jack F. McGarry
President and Chief Executive Officer, Unum UK
Executive Vice President and Chief Financial Officer
Eileen C. Farrar
Senior Vice President, Human Resources
Breege A. Farrell
Senior Vice President and Chief Investment Officer
Joseph R. Foley
Senior Vice President and Chief Marketing Officer
Christopher J. Jerome
Senior Vice President, Global Services
Board of Directors
Chairman of the Board of the Company;
Retired Chairman, TD Banknorth Inc.
E. Michael Caulfield
Former President, Mercer Human Resource Consulting
Pamela H. Godwin
President, Change Partners, Inc.
Ronald E. Goldsberry
Automotive Industry Consultant
Kevin T. Kabat
President and Chief Executive Officer, Fifth Third Bancorp
Thomas Kinser
Retired President and Chief Executive Officer, BlueCross BlueShield of Tennessee
President, Bentley University
A.S. MacMillan, Jr.
Chief Executive Officer, Triaxia Partners, Inc.
Edward J. Muhl
Retired National Leader, PricewaterhouseCoopers LLP
Michael J. Passarella
Retired Managing Partner, PricewaterhouseCoopers LLP
Thomas R. Watjen
President and Chief Executive Officer of the Company
Committees of the Board
Michael J. Passarella, Chairperson
E. Michael Caulfield
Kevin T. Kabat
Thomas Kinser
Finance Committee
E. Michael Caulfield, Chairperson
Pamela H. Godwin
Ronald E. Goldsberry
Governance Committee
Ronald E. Goldsberry, Chairperson
Pamela H. Godwin
Gloria C. Larson
A.S. MacMillan, Jr., Chairperson
Kevin T. Kabat
Thomas Kinser
Edward J. Muhl
Regulatory Compliance Committee
Gloria C. Larson, Chairperson
A.S. MacMillan, Jr.
Edward J. Muhl
Michael J. Passarella
Shareholder Information
Corporate Offices
Chattanooga, TN 37402
423 294 1011
2211 Congress Street
Portland, ME 04122
207 575 2211
1200 Colonial Life Blvd.
Columbia, SC 29210
803 798 7000
Dorking, Surrey RH4 3LZ
England
011 44 1306 887766
18 Chestnut Street
Worcester, MA 01608
774 437 4441
Principal Subsidiaries
Insurance Company
Chattanooga, Tennessee
Unum Life Insurance Company of America
Portland, Maine
Colonial Life & Accident
Insurance Company
Columbia, South Carolina
Unum Limited
Dorking, England
Worcester, Massachusetts
First Unum Life Insurance Company
New York, New York
Provident Life and Casualty Insurance Company
Chattanooga, Tennessee
Provident Investment Management, LLC
Chattanooga, Tennessee
Contact Information
Thomas A.H. White
Senior Vice President, Investor Relations
1 Fountain Square
Chattanooga, TN 37402
423 294 8996
Corporate Information
Susan N. Roth
Corporate Secretary
1 Fountain Square
Chattanooga, TN 37402
800 718 8824
Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940-3078
800 446 2617
Common Stock Information
Common stock of Unum Group is traded on the New York Stock Exchange.
The stock symbol is UNM.
Stock Performance
The following graph shows a five year comparison of cumulative total returns for our common stock's historical performance, the S&P 500 Index, and the Insurance Index (non-weighted average of "total returns" from the S&P Life & Health Index and the S&P Multi-line Index). Past performance is not an indication of future results.
Market Price And Dividends
Quarterly market prices and dividends declared and paid per share of common stock are as follows:
| High | Low | Dividend | |
| 2011 | |||
| 1st Quarter | $ 27.04 | $ 24.36 | $ 0.0925 |
| 2nd Quarter | 27.16 | 24.29 | 0.0925 |
| 3rd Quarter | 26.41 | 20.24 | 0.1050 |
| 4th Quarter | 25.00 | 19.72 | 0.1050 |
| High | Low | Dividend | |
| 2010 | |||
| 1st Quarter | $ 25.00 | $ 18.56 | $ 0.0825 |
| 2nd Quarter | 26.42 | 20.98 | 0.0825 |
| 3rd Quarter | 23.57 | 19.30 | 0.0925 |
| 4th Quarter | 24.59 | 21.34 | 0.0925 |
As of February 22, 2012, there were 13,443 registered holders of common stock.