CHATTANOOGA, Tenn. , July 30,
2024 /PRNewswire/ -- 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 August 1,
2024. The board of directors also authorized the termination
of the company's current share repurchase program as of
July 31, 2024.
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 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.
Forward-Looking Statements
Certain statements in this
release constitute "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are made based on management's current
expectations and beliefs concerning future developments and their
potential effects upon Unum Group and its subsidiaries. Unum
Group's 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's 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.
About Unum Group
Unum Group (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, vision
and stop-loss insurance; leave and absence management support; and
behavioral health services. In 2023, Unum Group reported revenues
of more than $12 billion and paid approximately
$8 billion in benefits. The Fortune 500 company is recognized
as one of the World's Most Ethical Companies by Ethisphere®.
Visit the Unum Group newsroom for more information, and connect
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SOURCE Unum Group