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Unum Group

LSE:0LJN
Snowflake Description

Very undervalued established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0LJN
LSE
$8B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. The last earnings update was 63 days ago. More info.


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0LJN Share Price and Events
7 Day Returns
0%
LSE:0LJN
2.6%
GB Insurance
0.5%
GB Market
1 Year Returns
-25.6%
LSE:0LJN
-5.9%
GB Insurance
0.8%
GB Market
0LJN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Unum Group (0LJN) 0% 0.1% 8% -25.6% - -
GB Insurance 2.6% 7.8% 10.2% -5.9% 16.1% 24.1%
GB Market 0.5% 3.6% 7.6% 0.8% 15.9% 6.2%
1 Year Return vs Industry and Market
  • 0LJN underperformed the Insurance industry which returned -5.9% over the past year.
  • 0LJN underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 0.8% over the past year.
Price Volatility
0LJN
Industry
5yr Volatility vs Market

Value

 Is Unum Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Unum Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Unum Group.

LSE:0LJN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $48.86 * 12.2%
$5.96
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $48.86
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0LJN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.723 (1 + (1- 21%) (37.94%))
0.96
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.96 * 5.96%)
6.95%

Discounted Cash Flow Calculation for LSE:0LJN using Excess Returns Model Model

The calculations below outline how an intrinsic value for Unum Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0LJN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.2% – 6.95%) * $48.86)
$2.57
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.57 / (6.95% - 1.23%)
$44.88
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $48.86 + $44.88
$93.74
LSE:0LJN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:0LJN represents 0.98269x of NYSE:UNM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.98269x
Value per Share
(Listing Adjusted, USD)
= Value per Share (USD) x Listing Adjustment Factor
= $ 93.74 x 0.98269
$92.12
Value per share (USD) From above. $92.12
Current discount Discount to share price of $36.32
= -1 x ($36.32 - $92.12) / $92.12
60.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Unum Group is available for.
Intrinsic value
>50%
Share price is $36.32 vs Future cash flow value of $92.12
Current Discount Checks
For Unum Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Unum Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Unum Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Unum Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Unum Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0LJN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.38
NYSE:UNM Share Price ** NYSE (2019-04-12) in USD $36.96
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Unum Group.

LSE:0LJN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:UNM Share Price ÷ EPS (both in USD)

= 36.96 ÷ 2.38

15.51x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unum Group is good value based on earnings compared to the GB Insurance industry average.
  • Unum Group is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Unum Group's expected growth come at a high price?
Raw Data
LSE:0LJN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
24.7%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0LJN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.51x ÷ 24.7%

0.63x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unum Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Unum Group's assets?
Raw Data
LSE:0LJN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $40.18
NYSE:UNM Share Price * NYSE (2019-04-12) in USD $36.96
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0LJN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:UNM Share Price ÷ Book Value per Share (both in USD)

= 36.96 ÷ 40.18

0.92x

* Primary Listing of Unum Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unum Group is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Unum Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Unum Group has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Unum Group expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Unum Group expected to grow at an attractive rate?
  • Unum Group's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Unum Group's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unum Group's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0LJN Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0LJN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 24.7%
LSE:0LJN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 2.9%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0LJN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0LJN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 12,661 1,170 3
2020-12-31 12,345 1,149 5
2019-12-31 12,021 1,131 5
LSE:0LJN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 11,599 1,537 523
2018-09-30 11,557 1,356 541
2018-06-30 11,448 1,196 1,078
2018-03-31 11,380 1,139 1,038
2017-12-31 11,287 1,164 994
2017-09-30 11,244 1,238 975
2017-06-30 11,188 1,204 959
2017-03-31 11,128 1,133 951
2016-12-31 11,047 1,122 931
2016-09-30 10,972 1,048 910
2016-06-30 10,867 1,127 877
2016-03-31 10,809 1,185 865

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unum Group's earnings are expected to grow significantly at over 20% yearly.
  • Unum Group's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0LJN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Unum Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0LJN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.07 6.10 6.05 2.00
2020-12-31 5.73 5.95 5.40 7.00
2019-12-31 5.39 5.55 5.18 7.00
LSE:0LJN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.38
2018-09-30 2.45
2018-06-30 4.84
2018-03-31 4.62
2017-12-31 4.39
2017-09-30 4.27
2017-06-30 4.16
2017-03-31 4.08
2016-12-31 3.96
2016-09-30 3.82
2016-06-30 3.64
2016-03-31 3.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unum Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Unum Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Unum Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Unum Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Unum Group's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unum Group's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Unum Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Unum Group's 1-year earnings growth is negative, it can't be compared to the GB Insurance industry average.
Earnings and Revenue History
Unum Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Unum Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0LJN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 11,598.50 523.40 885.90
2018-09-30 11,556.90 541.20 855.40
2018-06-30 11,448.20 1,078.20 856.40
2018-03-31 11,379.90 1,037.80 857.10
2017-12-31 11,286.80 994.20 852.30
2017-09-30 11,244.10 975.30 865.50
2017-06-30 11,188.30 959.00 850.80
2017-03-31 11,127.60 950.70 833.50
2016-12-31 11,046.50 931.40 839.10
2016-09-30 10,972.40 909.50 831.70
2016-06-30 10,866.90 877.30 827.50
2016-03-31 10,809.30 864.80 829.60
2015-12-31 10,731.30 867.10 835.10
2015-09-30 10,647.90 358.80 837.80
2015-06-30 10,604.40 374.10 838.00
2015-03-31 10,557.50 389.20 833.00
2014-12-31 10,524.50 402.10 820.90
2014-09-30 10,467.70 905.50 808.80
2014-06-30 10,394.30 892.10 798.90
2014-03-31 10,343.40 871.30 793.80
2013-12-31 10,364.60 847.00 790.40
2013-09-30 10,425.80 870.80 786.20
2013-06-30 10,512.90 895.30 777.00
2013-03-31 10,524.90 893.10 777.50
2012-12-31 10,515.40 894.40 786.80
2012-09-30 10,462.00 291.50 798.40
2012-06-30 10,379.60 263.30 809.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Unum Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Unum Group used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Unum Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Unum Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Unum Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Unum Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Unum Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Unum Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Unum Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Unum Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Unum Group Company Filings, last reported 3 months ago.

LSE:0LJN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 8,621.80 2,976.50 1,062.10
2018-09-30 8,518.20 2,990.80 1,452.40
2018-06-30 9,446.40 3,205.00 1,533.40
2018-03-31 9,499.50 2,928.90 1,021.50
2017-12-31 9,574.90 2,943.40 1,232.50
2017-09-30 9,448.60 2,957.80 1,116.60
2017-06-30 9,316.60 2,972.70 1,237.80
2017-03-31 9,107.40 2,991.50 879.40
2016-12-31 8,968.00 3,007.00 880.40
2016-09-30 9,361.20 3,025.90 843.50
2016-06-30 9,157.00 3,400.00 1,496.10
2016-03-31 8,920.30 2,801.70 864.00
2015-12-31 8,663.90 2,813.70 920.20
2015-09-30 8,581.10 2,736.10 707.40
2015-06-30 8,515.70 2,785.00 885.40
2015-03-31 8,687.90 2,796.90 790.80
2014-12-31 8,521.90 2,801.40 1,076.80
2014-09-30 9,244.00 2,879.20 1,003.00
2014-06-30 9,243.70 2,875.80 1,159.00
2014-03-31 8,955.70 3,040.70 1,265.70
2013-12-31 8,659.10 2,647.00 1,007.50
2013-09-30 8,669.90 2,805.60 1,004.00
2013-06-30 8,380.60 2,835.10 915.60
2013-03-31 8,557.80 2,941.40 1,302.50
2012-12-31 8,612.60 3,242.90 1,537.60
2012-09-30 8,673.30 3,273.10 1,628.50
2012-06-30 8,385.90 3,040.40 1,479.60
  • Unum Group's level of debt (34.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30.6% vs 34.5% today).
  • Debt is well covered by operating cash flow (51.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Unum Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Unum Group has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Unum Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.81%
Current annual income from Unum Group dividends. Estimated to be 3.1% next year.
If you bought $2,000 of Unum Group shares you are expected to receive $56 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unum Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Unum Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Unum Group before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0LJN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0LJN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.24 5.00
2020-12-31 1.17 9.00
2019-12-31 1.07 9.00
LSE:0LJN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-15 1.040 2.814
2019-01-14 1.040 2.948
2018-10-15 1.040 3.104
2018-07-16 1.040 2.780
2018-04-16 0.920 2.303
2018-01-16 0.920 1.818
2017-10-16 0.920 1.693
2017-07-17 0.920 1.860
2017-04-17 0.800 1.731
2017-01-17 0.800 1.702
2016-10-14 0.800 1.954
2016-07-15 0.800 2.319
2016-04-15 0.740 2.192
2016-01-15 0.740 2.524
2015-10-07 0.740 2.182
2015-07-17 0.740 2.183
2015-04-15 0.660 1.869
2015-01-16 0.660 1.984
2014-10-08 0.660 1.965
2014-07-14 0.660 1.884
2014-04-14 0.580 1.696
2014-01-17 0.580 1.703
2013-10-02 0.580 1.759
2013-05-23 0.580 1.932
2013-04-15 0.520 1.890
2013-01-14 0.520 2.070
2012-05-01 0.520 2.601
2012-04-16 0.420 1.779
2012-01-17 0.420 1.793
2011-10-06 0.420 1.908
2011-05-25 0.420 1.776
2011-04-11 0.370 1.415
2011-01-13 0.370 1.426
2010-10-07 0.370 1.609
2010-05-20 0.370 1.682
2010-04-12 0.330 1.363
2010-01-11 0.330 1.512
2009-10-05 0.330 1.642
2009-07-17 0.330 1.602
2009-04-24 0.300 1.835

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Unum Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.1x coverage).
X
Income/ dividend checks
We assess Unum Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Unum Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Unum Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Unum Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rick McKenney
COMPENSATION $9,896,861
AGE 49
TENURE AS CEO 3.9 years
CEO Bio

Mr. Richard Paul McKenney, also known as Rick, has been the President of Unum Group since April 01, 2015 and has been its Chief Executive Officer since May 2015. Mr. McKenney served as Chief Financial Officer and Executive Vice President of Unum Group from August 2009 to April 01, 2015. He serves as Director at U.S.Bancorp. He is responsible for evaluating and establishing a strategy for the financial performance of Unum Group. He articulates policy recommendations and is directly involved in key governance committees and multi-functional groups throughout and is also responsible for the finance division, which includes accounting, tax, financial planning, investor relations, enterprise risk management and corporate facilities management. He served as the Chief Financial Officer and Executive Vice-President of Sun Life Assurance Company Of Canada since February 28, 2007. Mr. McKenney served as the Chief Financial Officer of Sun Life Financial Inc. at Sun Life Hong Kong Limited from February 28, 2007 to July 1, 2009 and was responsible for leading its enterprise-wide financial, actuarial, risk management, asset and liability management, capital management, taxation, planning, mergers and acquisitions and investor relations functions. He served as an Executive Vice President of Sun Life Financial Inc. from September 2006 to July 1, 2009 and Sun Life Financial Asia since September 2006. He served as Senior Vice President and Chief Financial Officer of GE Financial Assurance Holdings Inc. since December 2002. Mr. McKenney served as Chief Financial Officer and Senior Vice President of Genworth Financial Inc. from May 28, 2004 to 2007. From May 2000 to October 2002, he served as Vice President of Business Planning and Analysis for GEFAHI. Prior thereto, he served as a Manager of Financial Planning and Analysis from October 1996 to April 1998 and Chief Financial Officer from April 1998 to May 2000 at GE Life & Annuity Assurance Company, an affiliate of Genworth Financial Inc. From July 1993 to October 1996, he served various positions on GE's Corporate Audit Staff. He served in the Manufacturing Management Program at General Electric Company from June 1991 to July 1993. He served as the Chairman at Unum Limited until April 16, 2017 and serves as its Non Executive Director. He served as the Chairman of Unumprovident Finance Company Plc. He served as a Director of Unumprovident Finance Company Plc since September 30, 2009. He has been a Director of Unum Group since April 01, 2015. He served as a Director of Delaware Life Insurance Company (Sun Life Assurance Co. of Canada (U.S.). Mr. McKenney received a Bachelors of Science in Mechanical Engineering from Tufts University in 1991. He serves on the boards of the United Way of Greater Chattanooga, Siskin Hospital for Rehabilitation and the Chattanooga Chamber Foundation.

CEO Compensation
  • Rick's compensation has been consistent with company performance over the past year.
  • Rick's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Unum Group management team in years:

4.3
Average Tenure
53.5
Average Age
  • The tenure for the Unum Group management team is about average.
Management Team

Rick McKenney

TITLE
President
COMPENSATION
$10M
AGE
49
TENURE
3.9 yrs

Jack McGarry

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
60
TENURE
4 yrs

Lisa Iglesias

TITLE
Executive VP & General Counsel
COMPENSATION
$2M
AGE
52
TENURE
4.3 yrs

Mike Simonds

TITLE
Executive VP
COMPENSATION
$3M
AGE
44
TENURE
5.8 yrs

Tim Arnold

TITLE
Executive VP
COMPENSATION
$2M
AGE
55
TENURE
6.7 yrs

Breege Farrell

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$2M
AGE
58
TENURE
8 yrs

Daniel Waxenberg

TITLE
Senior VP & Chief Accounting Officer
AGE
44
TENURE
2.2 yrs

Puneet Bhasin

TITLE
Executive VP and Chief Information & Digital Officer
AGE
55
TENURE
1.1 yrs

Tom White

TITLE
Senior Vice President of Investor Relations

Jim Sabourin

TITLE
Senior Vice President of Corporate Communications
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure and age of the Unum Group board of directors in years:

4.5
Average Tenure
61
Average Age
  • The tenure for the Unum Group board of directors is about average.
Board of Directors

Kevin Kabat

TITLE
Non-Executive Chairman
COMPENSATION
$460K
AGE
61
TENURE
1.9 yrs

Rick McKenney

TITLE
President
COMPENSATION
$10M
AGE
49
TENURE
4 yrs

E. Caulfield

TITLE
Independent Director
COMPENSATION
$295K
AGE
71
TENURE
12.3 yrs

Gloria Larson

TITLE
Independent Director
COMPENSATION
$285K
AGE
67
TENURE
14.4 yrs

Tim Keaney

TITLE
Independent Director
COMPENSATION
$280K
AGE
56
TENURE
6.7 yrs

Theo Bunting

TITLE
Independent Director
COMPENSATION
$275K
AGE
59
TENURE
5.4 yrs

Cynthia Egan

TITLE
Independent Director
COMPENSATION
$290K
AGE
63
TENURE
4.8 yrs

Ron O’Hanley

TITLE
Independent Director
COMPENSATION
$270K
AGE
61
TENURE
4.2 yrs

Fran Shammo

TITLE
Independent Director
COMPENSATION
$260K
AGE
57
TENURE
3.8 yrs

Joe Echevarria

TITLE
Independent Director
COMPENSATION
$260K
AGE
61
TENURE
3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Unum Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Unum Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Unum Group, together with its subsidiaries, provides financial protection benefit solutions in the United States, the United Kingdom, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products. It also provides group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other products. The company sells its products primarily to employers for the benefit of employees. Unum Group sells its products through field sales personnel, independent brokers, and consultants, as well as independent contractor agency sales force. The company was founded in 1848 and is based in Chattanooga, Tennessee.

Details
Name: Unum Group
0LJN
Exchange: LSE
Founded: 1848
$7,846,247,713
212,290,252
Website: http://www.unum.com
Address: Unum Group
1 Fountain Square,
Chattanooga,
Tennessee, 37402,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE UNM Common Stock New York Stock Exchange US USD 01. Jul 1999
DB UUM Common Stock Deutsche Boerse AG DE EUR 01. Jul 1999
LSE 0LJN Common Stock London Stock Exchange GB USD 01. Jul 1999
Number of employees
Current staff
Staff numbers
9,600
Unum Group employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 22:33
End of day share price update: 2019/04/12 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/19
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.