Unum Group (UNM) Announces $750M Buyback

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Go back to Unum Group (UNM) Announces $750M Buyback

Unum Group’s board of directors authorizes $750 million share repurchase

May 24, 2018 9:06 AM EDT

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- Unum Group (NYSE: UNM) announced today that its board of directors has authorized the repurchase of up to $750 million of the companys outstanding common stock through Nov. 24, 2019. This new authorization replaces the previous authorization of $750 million that was scheduled to expire on Nov. 25, 2018.

This authorization is representative of not only the boards confidence in the consistent execution of our strategy, but also in the ability of our core businesses to generate capital, said Richard P. McKenney, president and chief executive officer. Our strong capital position... More