Unum (UNM) is a major employee benefits insurer serving various markets with a focus on accidental death, disability, group life, supplemental, and related product lines. The company operates primarily in the United States with subsidiaries serving the United Kingdom and Poland. Unum's product lines are, for the most part, attractive businesses in stable markets despite intense competition and moderate growth trends. The employer-based nature of the core employee benefits business results in stickiness of customers.
Our previous article presenting a broad perspective on the company's long-term care liabilities represented an initial take on