We retain our Neutral recommendation on Unum Group (NYSE:UNM) owing to the lackluster performance at Unum U.K. and at Colonial Life.
Results at Unum U.K. had remained soft over the last few quarters and the third quarter was no exception. Unfavorable risk experience in group long-term disability due primarily to an increase in the average size and severity of new claims weighed on the third quarter results.
Going forward, UNUM Group expects competitive pricing, coupled with a difficult macro … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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