Tuesday, May 15, 2012

Unum recognized by Forbes, Fortune

For the second year in a row, Unum has been named to the Forbes list of 150 Most Reputable Companies.

The annual survey, conducted in partnership with the Reputation Institute, assesses strengths of the 600 largest companies in the categories of: products and services, innovation, workplace, governance, citizenship, financial performance and leadership.

Unum is ranked 98th on the list, up from its spot at 112 last year. The list also includes companies such as General Mills, Disney, Aflac and Google.

The company was also included in Fortune magazine’s Fortune 500 – an annual ranking of the largest corporations in the United States, ranked by revenue for the 2011 fiscal year. All U.S.-based public and private companies that file all, or parts of, their financial results with a government agency are eligible for the list.

Unum is ranked 260 on the list, down from its 239 spot on last year’s list and alongside well-known companies such as Whole Foods, Ameriprise Financial, SunTrust Bank and Visa. Exxon Mobil tops the Fortune 500, leapfrogging last year’s top company Wal-Mart.

In the life and health insurance (stock) industry, Unum ranks sixth ahead of Reinsurance Group of America, Principal Financial, Mutual of Omaha Insurance and Pacific Life. MetLife tops the industry list as 34th on the Fortune 500, followed by Prudential Financial (55th), Aflac (128th), Lincoln National (247th) and Genworth Financial (258th).

In Forbes’ list of the Global 2000 largest publicly traded companies, released last month, Unum comes in at 914th on the list and 23rd in the life and health insurance industry. ING Group, based in the Netherlands, tops the industry and ranks 39th on the list.

Unlike the Fortune 500, the Forbes list equally weights sales, profits, assets and market capitalization to rank companies according to size. Exxon Mobil is ranked first on the Global 2000 list, while Royal Dutch Shell of the Netherlands at 4th is the largest non-U.S.-based company. HSBC Holdings, at 6th, is the largest company in the U.K.

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