Unum achieved operating earnings per share growth of 9.7 percent and the company’s three- and five-year shareholder returns have outperformed industry averages.
“Over the past four years, we have raised our common dividend by more than 70 percent and repurchased 20 percent of our stock – an unmatched record in our sector,” CEO Thomas R. Watjen said .
“In many respects, our ‘playbook’ hasn’t changed much from last year,” Watjen said. “We continue to have a focused approach on the business of providing financial protection, and there’s no reason to change that.” In spite of the sluggish employment and interest rate outlook, Watjen sees solid long-term growth opportunities if the company continues to maintain discipline and consistently execute its plan.
Unum shareholders elected four directors to terms expiring in 2015. They are: Pamela H. Godwin, president of Change Partners Inc.; Thomas Kinser, former president and CEO of Blue Cross Blue Shield of Tennessee; A.S. (Pat) MacMillan Jr., CEO of Triaxia Partners Inc.; and Edward J. Muhl, former national leader of PriceWaterhouseCoopers’ insurance regulatory advisory practice.
Additionally, Unum shareholders voted in favor of the company’s executive compensation plan and stock incentive plan of 2012.