There is a nice value equation for employers to offer voluntary benefits, says David Leopold, SVP and chief marketing officer at Unum. Watch as he shares a few key data points and which type of employee is actually buying voluntary products:
Sunday, August 26, 2012
Tuesday, August 21, 2012
Moody's upgrades Unum's financial strength ratings
Moody’s Investor Service upgraded Unum’s financial strength ratings today, attributing the action to the company’s improved business diversification, financial flexibility and stable core earnings.
In a press release, the ratings agency said the upgrade reflects “the company’s leading market share in the group long-term and individual disability markets, and the company’s established position in the voluntary benefits market.
“The ratings also benefit from the company’s access to a huge claims database, focus on claims management and return-to-work programs, and its strong position in the group life market,” the press release said. Moody’s also cited Unum’s “good quality” investment portfolio, which has little exposure to subprime mortgages.
“This news is especially gratifying given the continuing uncertainty in the global economic environment and the negative outlooks ratings agencies have on our industry as a whole,” said CFO Rick McKenney in a letter to employees. “Over the last few years, we’ve seen a number of positive moves by these agencies reaffirming our operational performance and capital management strategies, and signaling our strong financial position to our customers and brokers.”
In a press release, the ratings agency said the upgrade reflects “the company’s leading market share in the group long-term and individual disability markets, and the company’s established position in the voluntary benefits market.
“The ratings also benefit from the company’s access to a huge claims database, focus on claims management and return-to-work programs, and its strong position in the group life market,” the press release said. Moody’s also cited Unum’s “good quality” investment portfolio, which has little exposure to subprime mortgages.
“This news is especially gratifying given the continuing uncertainty in the global economic environment and the negative outlooks ratings agencies have on our industry as a whole,” said CFO Rick McKenney in a letter to employees. “Over the last few years, we’ve seen a number of positive moves by these agencies reaffirming our operational performance and capital management strategies, and signaling our strong financial position to our customers and brokers.”
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