Standard & Poor’s Rating Services (S&P) upgraded Unum’s financial strength ratings to A from A- based on our strong capital foundation and operating performance.
In its announcement, S&P noted that two primary factors were behind the decision to raise our rating: company performance that has exceeded our peers’ for several years, and improved business diversification through increasing supplemental and voluntary product sales. The agency also noted that despite a weak economy, they expect Unum to continue producing consistent operating results and diversifying its business profile over the next couple of years.
This is the second time in two months that our financial strength ratings have been raised, with Moody’s issuing an upgrade in August. With today’s action, all four rating agencies have now upgraded us since early 2010. This is good news in the current economic environment and contrasts with the generally negative outlook ratings agencies have on our industry as a whole.
No comments:
Post a Comment