Unum Group (FRA:UUM)

€ 48.16 0.27 (0.56%) Market Cap: 9.13 Bil Enterprise Value: 12.03 Bil PE Ratio: 7.79 PB Ratio: 0.98 GF Score: 75/100

Unum Group at KBW Insurance Conference Transcript

Sep 05, 2019 / 03:30PM GMT

Release Date Price: €23.4 (+2.54%)

Transcript

Ryan Joel Krueger

Keefe, Bruyette, & Woods, Inc., Research Division - MD of Equity Research

We are going to get started. Pleased to have Unum with us today. Up here with me is Steve Zabel who is the recently appointed Chief Financial Officer over the last few months. And also I want to acknowledge Tom White from Investor Relations. So to kick it off, given, I guess, your background as running the Closed Block and there's been a lot of attention on long-term care, so we'll start with some questions there.

Questions & Answers

Ryan Joel Krueger

Keefe, Bruyette, & Woods, Inc., Research Division - MD of Equity Research

So it's been about a year since you did the in-depth reserve review. So I was hoping you could talk a little bit about how things are progressing so far relative to those updated assumptions?

Steven Andrew Zabel

Unum Group - Executive VP & CFO

Sure. So yes, so just go back last September, we completed a review of our long-term care business. We looked at all the assumptions,

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