CEO Watjen Highlights Unum Group’s Strong
In Annual Meeting Remarks, Says Company is Well-Positioned for the Future
May 20, 2010 11:18 AM Eastern Daylight Time
COLUMBIA, S.C.--(EON: Enhanced Online News)--Unum Group (NYSE:UNM) CEO Thomas R. Watjen told
shareholders at the company’s annual meeting here today that the company is well-positioned operationally and
financially, and that it remains a strong franchise poised to serve the changing needs of its customers.
“We’ve delivered solid results over the last several years in what has been a challenging business and economic
environment, and our market leadership positions remain intact, our financial position strong, and our company’s
commitment to excellence continues to be recognized by our key stakeholders,” said Watjen. “The foundational
principles that we laid out more than six years ago have served us well and also provide a roadmap for continued
success in the future.”
He pointed to the company’s significant operating earnings growth since 2005 and its current capital position as
evidence that its focus on profitability and financial flexibility is producing results. Pre-tax operating income for the
company’s three primary businesses rose to a record $1.3 billion in 2009.
He added that Unum continues to be a market leader in making disability, life, accident and critical illness benefits
accessible in the workplace throughout the U.S. and the U.K. The Fortune 250 employee benefits provider paid
nearly $6 billion in benefits last year to individuals and families impacted by life-changing events.
Watjen said that employer-sponsored benefits represent the single most effective way to provide workers with
access to the information and options they need for their financial security, and that benefits providers should
continue to work together to educate policymakers on the role the industry plays in protecting people’s financial
“Middle and lower income workers face dangerous gaps in their fin