U.S. disability insurance claims are looking better at Unum Group Inc., but low interest rates continue to hurt investment returns.
Unum executives gave that assessment in a look at fourth-quarter earnings.
The company — which has major disability insurance operations in the United Kingdom, and major voluntary benefits and group life businesses in the United States as well as a large U.S. group disability business — is reporting $221 million in net income for the quarter on $2.6 billion in revenue, compared with $234 million in net income on $2.7 billion in revenue for the fourth quarter of 2012.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
