{"id":814505,"date":"2025-02-18T17:02:46","date_gmt":"2025-02-18T22:02:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/unum-groups-board-of-directors-authorizes-1-billion-share-repurchase-program\/"},"modified":"2025-02-18T17:02:46","modified_gmt":"2025-02-18T22:02:46","slug":"unum-groups-board-of-directors-authorizes-1-billion-share-repurchase-program","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/unum-groups-board-of-directors-authorizes-1-billion-share-repurchase-program\/","title":{"rendered":"Unum Group\u2019s Board of Directors Authorizes $1 Billion Share Repurchase Program"},"content":{"rendered":"

<\/p>\n

Unum Group\u2019s Board of Directors Authorizes $1 Billion Share Repurchase Program<\/b><\/p>\n

CHATTANOOGA, Tenn.–(BUSINESS WIRE<\/a>)–
\nUnum Group (NYSE: UNM) announced today that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on April 1, 2025. The board of directors also authorized the termination of the company\u2019s current share repurchase program as of March 31, 2025, with any unused amount under that program expiring as of that date.\n<\/p>\n

\nThe 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.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nCertain statements in this release constitute \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on management\u2019s current expectations and beliefs concerning future developments and their potential effects upon Unum Group and its subsidiaries. Unum Group\u2019s 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\u2019s 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.\n<\/p>\n

About Unum Group<\/b><\/p>\n

Unum Group<\/b><\/a> (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2024, Unum Group reported revenues of $12.9 billion and paid $8.0 billion in benefits. The Fortune 500 company is recognized as one of the World\u2019s Most Ethical Companies by Ethisphere\u00ae.\n<\/p>\n

\nVisit the Unum Group newsroom<\/a> for more information, and connect with us on LinkedIn<\/a>, Facebook<\/a>, and Instagram<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250218517596\/en\/<\/a><\/span><\/p>\n

\nMEDIA
\n
Emily Downing-Baer
\n
edowning@unum.com
\n<\/a><\/p>\n

INVESTORS
\n
Matt Royal
\n
investorrelations@unum.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Tennessee<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Health Other Professional Services Insurance Health Insurance Human Resources Personal Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Unum Group\u2019s Board of Directors Authorizes $1 Billion Share Repurchase Program CHATTANOOGA, Tenn.–(BUSINESS WIRE)– Unum Group (NYSE: UNM) announced today that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on April 1, 2025. The board of directors also authorized the termination of the company\u2019s current share repurchase program as of March 31, 2025, with any unused amount under that program expiring as of that date. 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 … <\/p>\n

Continue reading “Unum Group\u2019s Board of Directors Authorizes $1 Billion Share Repurchase Program”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-814505","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nUnum Group\u2019s Board of Directors Authorizes $1 Billion Share Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/unum-groups-board-of-directors-authorizes-1-billion-share-repurchase-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unum Group\u2019s Board of Directors Authorizes $1 Billion Share Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Unum Group\u2019s Board of Directors Authorizes $1 Billion Share Repurchase Program CHATTANOOGA, Tenn.–(BUSINESS WIRE)– Unum Group (NYSE: UNM) announced today that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on April 1, 2025. The board of directors also authorized the termination of the company\u2019s current share repurchase program as of March 31, 2025, with any unused amount under that program expiring as of that date. The timing and amount of share repurchases will be determined by management based on its evaluation of market conditions and other considerations. 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