Unum Group President and CEO Rick McKenney expressed confidence in Unum’s future given an improving business environment.
As announced earlier this morning, Unum’s board of directors authorized an increase of 10 percent in the quarterly dividend paid on its common stock. The new rate of 33.0 cents per common share, or $1.32 per share on an annual basis, will be effective with the dividend expected to be paid in the third quarter of 2022.
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“Our disciplined execution in 2021 delivered ongoing profitability in a difficult environment that allowed us to aggressively invest in growing our business and return greater value to shareholders,” McKenney said. “We saw that performance accelerate in the first quarter, as strong sales results and continued premium growth provide a good foundation for a successful 2022.”
In 2021, Unum paid $8.2 billion in benefits across a broad range of financial protection products while investing in capabilities to enhance the employee experience and solutions to help employers navigate the complex leave and benefits administration environment.
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“Our corporate purpose of helping the working world thrive throughout life’s moments has never been more relevant, and our team of more than 10,000 employees in the US and Europe are committed every day to making a difference in the lives of those who count on us,” said McKenney.
Based on preliminary voting results, Unum shareholders elected 12 directors for terms expiring in 2023: Theodore Bunting, Jr., Susan Cross, Susan DeVore, Joseph Echevarria, Cynthia Egan, Kevin Kabat, Timothy Keaney, Gale King, Gloria Larson, Rick McKenney, Ronald O’Hanley and Francis Shammo; approved, on an advisory basis, the compensation of Unum’s named executive officers; ratified the appointment of the company’s auditors; and approved the Unum Group 2022 Stock Incentive Plan. Unum expects to publish the final voting results in a Form 8-K filing with the SEC within the next four business days.
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