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CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Unum Group (NYSE:UNM) announced today that it has completed an offering
of $400 million aggregate principal amount of senior notes due in 2029
with an annual coupon rate of 4.000 percent. The net proceeds of the
offering are expected to be used for general corporate purposes,
including the repayment at maturity of our outstanding 5.625% senior
notes due September 2020. Pending the use of the net proceeds from the
offering, we intend to invest the net proceeds in interest-bearing
short-term investments and investment grade securities.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and HSBC
Securities (USA) Inc. were joint active book-running managers.

A prospectus supplement, dated June 10, 2019, and the accompanying base
prospectus, dated August 22, 2017, relating to the senior notes may be
obtained by searching the company’s filings on the U.S. Securities and
Exchange Commission’s website at
or by visiting the “SEC Filings” page on the Investors section of the
company’s website at

This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or sale of
the senior notes in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to the registration or qualification
under the securities laws of any jurisdiction. Any offer, solicitation
or sale will be made only by means of the prospectus supplement and the
accompanying base prospectus.


Unum Group (
is a leading provider of financial protection benefits in the United
States and the United Kingdom and the leading provider of disability
income protection in the world. Its primary businesses are Unum US,
Colonial Life, Unum UK, and Unum Poland. Unum’s portfolio includes
disability, life, accident and critical illness, dental and vision
coverage, which help protect millions of working people and their
families in the event of an illness or injury. Unum also provides
stop-loss coverage to help self-insured employers protect against
unanticipated medical costs. The company reported revenues of $11.6
billion in 2018, and provided $7.2 billion in benefits.

For more information visit us at
or connect with us at,


Certain information in this news release constitutes “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are those not based on
historical information, but rather relate to our outlook, future
operations, strategies, financial results, or other developments and
speak only as of the date made. These forward-looking statements,
including statements about the use of proceeds, are subject to numerous
assumptions, risks, and uncertainties, many of which are beyond our
control. The following factors, in addition to other factors mentioned
from time to time, may cause actual results to differ materially from
those contemplated by the forward-looking statements: (1) sustained
periods of low interest rates; (2) fluctuation in insurance reserve
liabilities and claim payments due to changes in claim incidence,
recovery rates, mortality and morbidity rates, and policy benefit
offsets due to, among other factors, the rate of unemployment and
consumer confidence, the emergence of new diseases, epidemics, or
pandemics, new trends and developments in medical treatments, the
effectiveness of our claims operational processes, and changes in
governmental programs; (3) unfavorable economic or business conditions,
both domestic and foreign, that may result in decreases in sales,
premiums, or persistency, as well as unfavorable claims activity; (4)
changes in or interpretations of laws and regulations, including tax
laws and regulations; (5) a cyber attack or other security breach could
result in the unauthorized acquisition of confidential data; (6) the
failure of our business recovery and incident management processes to
resume our business operations in the event of a natural catastrophe,
cyber attack, or other event; (7) investment results, including, but not
limited to, changes in interest rates, defaults, changes in credit
spreads, impairments, and the lack of appropriate investments in the
market which can be acquired to match our liabilities; (8) increased
competition from other insurers and financial services companies due to
industry consolidation, new entrants to our markets, or other factors;
(9) changes in our financial strength and credit ratings; (10) our
ability to execute on our technology system upgrades or replacements;
(11) damage to our reputation due to, among other factors, regulatory
investigations, legal proceedings, external events, and/or inadequate or
failed internal controls and procedures; (12) actual experience in the
broad array of our products that deviates from our assumptions used in
pricing, underwriting, and reserving; (13) changes in accounting
standards, practices, or policies; (14) effectiveness of our risk
management program; (15) contingencies and the level and results of
litigation; (16) availability of reinsurance in the market and the
ability of our reinsurers to meet their obligations to us; (17)
ineffectiveness of our derivatives hedging programs due to changes in
the economic environment, counterparty risk, ratings downgrades, capital
market volatility, changes in interest rates, and/or regulation; (18)
fluctuation in foreign currency exchange rates; (19) ability to generate
sufficient internal liquidity and/or obtain external financing; (20)
recoverability and/or realization of the carrying value of our
intangible assets, long-lived assets, and deferred tax assets; and (21)
terrorism, both within the U.S. and abroad, ongoing military actions,
and heightened security measures in response to these types of threats.

For further discussion of risks and uncertainties which could cause
actual results to differ from those contained in the forward-looking
statements, see Part 1, Item 1A “Risk Factors” of our annual report on
Form 10-K for the year ended December 31, 2018. The forward-looking
statements in this news release are being made as of the date of this
news release, and we expressly disclaim any obligation to update or
revise any forward-looking statement contained herein, even if made
available on our website or otherwise.



Tom White 423-294-8996

Jim Sabourin 423-294-6300