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Home > Company Index > Insurance > Multiline Insurance > UNUMProvident

UNUMProvident
NYSE: UNM
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 NEWS FROM THE WIRES
RESEARCH ALERT-Lehman cuts UnumProvident rating, estimates
Jul 27 2001 09:00 AM PDT

UnumProvident profits up, stock down
Jul 26 2001 08:03 AM PDT

More WIRE STORIES about this company

 PROFILE
It's not an imaginative name, but it is clear that UNUMProvident is the product of the 1999 union of UNUM Corporation and Provident Companies. The company, the US's largest disability insurer, offers individual and group short-term and long-term disability insurance, as well as such specialty coverage as long-term-care, cancer, and travel insurance. UNUMProvident operates primarily in the US, but it is building overseas business in Argentina, Canada, Japan, and the UK. Other operations include Provident's GENEX Services unit, which provides disability management services, vocational rehabilitation, and related services. The Maclellan family, which led Provident for many years, owns about 10% of the company.

 COMPETITION
AFLAC Incorporated (AFL)
Metropolitan Life Insurance Company (MET)
Prudential Financial (dossier)

 DEALS
Deal: UnumProvident Acquires EmployeeLife.com
Date Announced: 02.21.01
Value of transaction (US $Mil): 0
Description: Benefits services firm acquires online benefits administration firm.

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 9,432.30
1-Yr. Sales Growth: 1.1%
Employees: 12,400
Revenue per employee: $760,669.35

 KEY PEOPLE
• J. Harold Chandler
    CEO
• Thomas R. Watjen
    CFO

 CONTACT INFO
2211 Congress St.
Portland, ME 04122
US
Phone: 207-575-2211
Fax: 423-755-3962
Online: Web Site

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