NYSE:UNMInsurance
Does Unum’s US$1 Billion Buyback and New Debt Shift the Bull Case For UNM?
Unum Group recently announced that its Board of Directors authorized a new share repurchase program of up to US$1,000 million, alongside completing a US$300 million senior notes offering due in 2035 to support capital flexibility.
The combination of a sizable new buyback authorization and added debt financing underscores management’s willingness to deploy capital toward shareholder returns while maintaining balance-sheet optionality.
We’ll now examine how Unum’s newly authorized US$1,000...