Unum Group: 175 Years of Financial Stability and Growth
Unum Group is one of the world’s largest insurance companies, providing financial protection to millions of customers
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Intro
💡 Invest in companies you believe in - W. Buffett
Imagine an insurance company that has weathered everything from the Civil War to the Great Depression, from financial crises to global pandemics—yet still stands strong. That’s Unum Group. With 175 years of experience, it has mastered the art of resilience. But longevity doesn’t always mean profitability. In a world of rising interest rates, evolving workplace benefits, and increasing competition, does Unum still have what it takes to reward its investors? Let’s break it down.
History of the Company
Unum Group traces its roots back to 1848 when it was founded as the Provident Life and Accident Insurance Company in Chattanooga, Tennessee. Over the decades, the company grew steadily, expanding its product offerings and market presence through strategic acquisitions and mergers. A significant milestone occurred in 1999 when Provident merged with Unum Corporation (originally founded in 1848 as Union Mutual) to form UnumProvident Corporation. In 2007, the company rebranded as Unum Group to reflect its unified global identity.
With over 175 years of history, Unum Group has become a leader in providing financial protection benefits, including disability, life, accident, and critical illness insurance. Today, Unum serves millions of individuals and businesses across the United States, United Kingdom, and other international markets, maintaining a strong reputation for financial stability and customer-focused service.
A Proven Dividend Eagle 🦅
Unum Group (UNM) has established itself as a reliable dividend payer, boasting a 16-year track record of consistent dividend growth. The company currently pays an annual dividend of $1.68 per share, yielding 2.06%. Its most recent quarterly dividend payment of $0.42 per share was made on February 14 to shareholders who held the stock before the ex-dividend date of January 24.
Over the past three years, Unum has maintained a strong annualized dividend growth rate of 11.10%. With a conservative payout ratio of 17.74% of earnings and 18.53% of cash flow, Unum demonstrates both financial strength and a commitment to returning value to shareholders while retaining capital for future growth.
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This is how we build our own growing passive income and long-term wealth.
Key Institutional Investors in Unum Group (UNM)
Unum Group (UNM) benefits from strong institutional backing, reflecting confidence in the company’s financial strength and growth prospects. The largest institutional shareholders include:
Vanguard Group – 9.2% ownership
BlackRock Inc. – 8.5% ownership
State Street Corporation – 6.3% ownership
Capital World Investors – 5.7% ownership
What Makes Unum Group Stand Out?
Unum Group (NYSE: UNM)
Financial Score: 92 / 99 ⭐️⭐️⭐️⭐️⭐️
Industry: Insurance - Life
Dividend Increase - 16 Years
👉 Learn more about Financial Score
The company offers group disability, life insurance, accidental death, and dismemberment products, along with supplemental benefits like individual disability, dental, and vision coverage. Unum also provides critical illness, cancer, sickness, and pension products. Its services cater primarily to employers, providing benefits for employees.
The company operates through its subsidiaries, including Unum US, Unum International, Colonial Life, and the Closed Block segment, and sells products via a network of sales personnel, brokers, and agents. Unum Group serves customers in the United States, the United Kingdom, Poland, and internationally.
Unum Group - Quick MaxDividends Team Overview
🟢 The latest data suggests that the company is currently profitable.
🟢 The dynamic increase in sales emphasizes the successful development of the company in the long term
🟢 The growth of the company's operating profit in recent years indicates its stability and good development prospects.
🟢 The dynamics of earnings per share are positive, the company shows good pace and stability in terms of profitability
🟢 The company demonstrates a high degree of sustainability and provides stable incomeFinancial Statement
If you want to stay on top of your portfolio's health, don't forget to check in on the financials of the companies you've invested in. The better shape they’re in, the better your results will be. Keep an eye on their quarterly and annual reports to see how they're performing.
Here is a quick dive into Unum Group over last years
The strongest and most stable companies tend to have a Financial Score of 80+, with the very best ones hitting 90+. If you see that score start to dip below 80, that’s your cue to consider jumping ship before things get worse.
👉 Learn More about Financial Score
Our Paid Members get access to a curated watchlist of 19,000 companies worldwide, all scored by our team on a regular basis. Companies like Unum Group are on that list, too.
Future Growth Prospects for Unum Group.
Unum Group has developed a comprehensive growth strategy focused on expanding its market presence and enhancing financial performance in the next few years. The company is targeting a 3.5% annual revenue growth and a 4.2% increase in earnings per share (EPS) from 2024 to 2025. Over the next two years, Unum plans to generate $127 million in new market expansion opportunities.
The company’s growth will be supported by strategic investments, including $45 million in digital transformation, which will drive operational efficiency and improve customer experience. Additionally, Unum is looking to expand its international market footprint, aiming for a 15% increase in market penetration. Strategic technology partnerships, valued at $22 million, will also play a critical role in boosting competitiveness.
Furthermore, the company is investing $67 million in technology infrastructure and $53 million in research and development, with initiatives such as digital product development and cloud service expansion expected to increase market share and revenue. Unum’s strong customer retention rate of 88.5% further supports its growth prospects.
Recent Unum Group Financial Performance (2023-24)
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Dividend Kings represent the elite tier of dividend growth stocks. With 50+ years of consecutive dividend increases, these companies offer unparalleled income stability, making them a top choice for investors seeking long-term reliability in an unpredictable market.
With 25+ years of consecutive dividend increases, Dividend Aristocrats are among the strongest dividend growth stocks. These companies have a proven track record of not only maintaining but consistently increasing their dividends, often outperforming the broader market over time.
Why Invest in Unum Group?
Unum Group presents a strong investment opportunity, backed by a solid financial performance and a proven track record. The company has demonstrated consistent profitability, with a positive earnings trend and robust revenue growth. With a P/E ratio of 7.82, Unum is currently undervalued, which suggests potential for price appreciation.
The company’s dividend yield of 2.06% is stable, and it has a 16-year history of consecutive dividend increases, making it a reliable source of income for investors. Furthermore, Unum’s strong operating margin of 27.33% and EBITDA of $2.57 billion underscore its operational efficiency and ability to generate profits. The company is also committed to innovation and future growth, investing heavily in digital transformation, expanding its market presence, and forming strategic partnerships, which are expected to fuel long-term growth.
These factors combined position Unum Group as a solid and attractive addition to a well-balanced investment portfolio.
Interesting Fact
Unum Group's origins are tied to an ambitious idea to insure not just individuals, but entire industries. In the early 1900s, the company partnered with the U.S. steel industry, offering life insurance to workers—long before it became common for employers to provide employee benefits.
This unique collaboration helped shape the modern concept of employer-sponsored insurance. What's even more remarkable is that Unum was ahead of its time in recognizing the potential of disability insurance—a concept that was practically unheard of back then—and has since become one of the largest providers in the world, covering millions of workers globally.
Competitors
1. Computershare Ltd. (AU: CPU)
Financial Score: 98 / 99
Industry: Capital Markets
Computershare Ltd. is a global leader in providing financial services, primarily focused on issuer services, employee share plans, and mortgage & property rental services. Founded in 1978 and based in Abbotsford, Australia, the company operates across various sectors, including capital markets, corporate trust services, and communication services.
Computershare offers a diverse range of services such as share registry management, debt security administration, employee share plan services, and document composition. It serves clients globally, with a presence in regions like Australia, New Zealand, the United Kingdom, Europe, Asia, and North America.
2. Visa Inc. Class A (NYSE: V)
Financial Score: 99 / 99
Industry: Credit Services
Visa Inc. is a global leader in the payment technology industry, offering a wide range of products and services related to electronic payments. Headquartered in San Francisco, California, Visa operates VisaNet, a robust transaction processing network that facilitates authorization, clearing, and settlement of payment transactions. The company provides various payment solutions, including credit, debit, prepaid cards, contactless payments, and cross-border payment services. Visa also offers services like fraud mitigation, digital wallet solutions, and B2B payments.
With a market capitalization of over $615 billion, Visa continues to expand its global presence and maintain strong, profitable growth. Founded in 1958, Visa's products are used by merchants, financial institutions, and government entities worldwide.
Final Thoughts: Should You Buy Unum Group?
Unum Group can be a good choice for investors looking for stability and dividends. The company has shown consistent growth in revenue and profit, making it attractive for long-term investors. As one of the leading players in the insurance and employee benefits market, it holds a strong competitive position and offers a range of products, including life insurance and supplemental health services. This enables the company to remain in demand even in changing market conditions.
Current Market Value
Undervalued \ Overvalued \ Fairly Valued
Compare the P/E ratios of competitor companies to assess whether the stock you're considering is overvalued. We calculate the average P/E among competitors as a benchmark.
If a company's current P/E is 20% or more below the competitor average, it is considered undervalued.
If it is 20% or more above, it is considered overvalued.
The P/E ratio is calculated by dividing the market value per share by earnings per share (EPS).
🟢 Undervalued
The company is currently trading below its intrinsic value compared to peers in the industry. This presents an opportunity for investors, as the stock has significant upside potential once it adjusts to its true worth.
Analysts Consensus
Analysts mostly recommend Buy or Strong Buy, while a significant portion suggests holding the stock. The average price target is 91.85, which is higher than the current price of 80.42.
We view Unum Group as a strong and stable company with significant competitive advantages. The stock is considered undervalued, with consistent profitability, revenue growth, and strong financial metrics. Given its solid fundamentals and positive earnings trajectory, it could be a good addition to a balanced portfolio.
To your wealth, MaxDividends Team
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