Unum Group is offers disability, accident, and critical illness insurance as well as life insurance.
Union Mutual life Insurance was incorporated in Maine in 1848, providing life and endowment insurance. At that time, the company’s headquarters were located in Boston, Massachusetts.
In 1940 Union Mutual acquired Massachusetts Accident Company’s health and accident insurance business segment, therefore expanding its operations.
In the 1960’s Union Mutual established its group disability business, which would become the company’s flagship product.
In 1986 Union Mutual became the first mutual insurance company to demutualize. The company then began the process to become a publicly traded company, with the new name Unum.
Today Unum Group’s main subsidiaries in the United states include Unum Life Insurance Company of America, Provident Life and Accident, First Unum Life, Colonial Life & Accident Insurance, and Paul Revere Life Insurance Company.
Unum Group trades publicly on the New York Stock exchange under the symbol UNM, is a member of the S&P 500, is #235 in the Fortune 500, has 9,200 employees, and had $10.34 billion in revenue in 2013.
Unum Group
Unum Group is offers disability, accident, and critical illness insurance as well as life insurance.
Union Mutual life Insurance was incorporated in Maine in 1848, providing life and endowment insurance. At that time, the company’s headquarters were located in Boston, Massachusetts.
In 1940 Union Mutual acquired Massachusetts Accident Company’s health and accident insurance business segment, therefore expanding its operations.
History
In the 1960’s Union Mutual established its group disability business, which would become the company’s flagship product.
In 1986 Union Mutual became the first mutual insurance company to demutualize. The company then began the process to become a publicly traded company, with the new name Unum.
Today Unum Group’s main subsidiaries in the United states include Unum Life Insurance Company of America, Provident Life and Accident, First Unum Life, Colonial Life & Accident Insurance, and Paul Revere Life Insurance Company.
Unum Group trades publicly on the New York Stock exchange under the symbol UNM, is a member of the S&P 500, is #235 in the Fortune 500, has 9,200 employees, and had $10.34 billion in revenue in 2013.