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Unum Ratings and Company Information
Best Insurance Reports: A
Url of page where rating was collected:
Best Rating: A
Type of Insurance Company: Stock
Name of Parent Company:
Duncanson & Holt, Inc.
TRI-CAN Reinsurance Inc.
Trafalgar Underwriting Agencies Ltd.
Claims Services International Limited
Group Risk Insurance Services Limited
Colonial Companies, Inc.
Company History: Union Mutual was founded in Maine in 1848. In 1864 Union Mutual reinsured Chicago Mutual Life, making it the first American company to re-insure another business. Union Mutual changed its name to Unum in 1986 and merged with Colonial Life in 1993. In 1999 the UnumProvident Corporation was formed with the merging of Unum and Provident, and in 2007 UnumProvident changed its name to Unum Group. Unum Group has 3 main divisions: Colonial Life, Unum US, and Unum UK. In 2013 Unum was placed on Forbes list of America's 100 Most Trustworthy Companies; in 2011 and 2012 it was placed on Forbes list of the Top 150 Most Reputable Companies. Also in 2012, Unum made the Top 50 Newseek Green Companies.
Principle Sales Methods: Independent agents and brokers.
Life Annuity Business: Unum group of companies offers whole life, term life, and universal life. Unum is ranked No. 2 in the market in terms of whole and universal life and No. 3 in the market in terms of Group life.
Health Business: Unum has been the leading provider of group disability benefits nationwide for the last 37 years. They offer short and long term disability coverage. Unum is ranked No. 3 in the market in terms of critical illness insurance.
Company Financial Status:
Ticker Symbol: UNM (NYSE)
Assets & Premiums: March 31, 2014
Total Assets: $61.08 billion
Total Stockholders' Equity: $8.955 billion
Lines of Insurance:
States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY