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Unumprovident Corp




Unumprovident Corp is a publicly traded company having a good stock performance result. Unumprovident Corp is a fortune 500 stock listed company trading under UNM. The company was founded in 1848 and is based in Chattanooga, Tennessee.
 
UnumProvident Corporation provides group and individual income protection products in the United States and the United Kingdom. It also provides a portfolio of other insurance products, including long-term care insurance, life insurance, employer and employee-paid group benefits, and related services. The company operates in five segments namely U.S. Brokerage, Unum Limited, Colonial, Individual Income Protection–Closed Block, and Other.
 
The U.S. Brokerage segment offers group income protection insurance; group life and accidental death, and dismemberment products; and supplemental and voluntary lines of business, comprising individual income protection, group and individual long-term care, and brokerage voluntary workplace benefits products.
 
The Unum Limited segment provides group long-term income protection insurance, group life products, and individual income protection products issued by Unum Limited through the field sales personnel, and independent brokers and consultants in the United Kingdom.
 
The Colonial segment offers insurance for income protection products, life products, and cancer and critical illness products to employees at the workplace through the agency sales force and brokers.
 
 The Individual Income Protection segment consists of those individual income protection policies in force prior to its substantial changes in product offerings, pricing, distribution, and underwriting. The other segment includes results from disability management services and the U.S. Brokerage insured products, including individual life and corporate-owned life insurance, reinsurance pools and management operations, group pension, health insurance, and individual annuities. It markets its products primarily to employers interested in providing benefits to their employees.
 
The sale approximately as on 31 December 2005 was 10.4bl dollars. They have earned 513.6 million dollars as income in the last 12 months.
 
The product lines include disability income protection insurance, supplemental benefits, life, and long term care. Nearly 412,000 new disability claims filed in 2005 with 4 billion dollars. Strong commitment to local sales and service, with 1,200 experienced associates in field offices across the United States and 90 percent of employers.

Unum Provident and its employees are an important part of the communities in which they live. As a company, they are at the forefront of United Way and other philanthropic giving programs. In fact, a cornerstone of The UnumProvident Commitment is the responsibility they have to their communities.

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