Unum - M&A Summary and Business Overview

InsuranceCompany

Unum M&A Summary

Unum has acquired 6 companies. It has also divested 2 assets.

Unum’s largest acquisition to date was in 2015, when it acquired National Dental Plan for $50M. Unum has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include insurance (84%) and internet software and services (17%).

Unum Business Overview

Where is Unum headquartered?

Unum is headquartered in Chattanooga, Tennessee.

What is Unum’s revenue?

Unum disclosed revenue of 12,309M USD for 2023 and 11,875M USD for 2022.

How many employees does Unum have?

Unum has 10,553 employees.

What sector is Unum in?

Unum is an insurance company.

When was Unum founded?

Unum was founded in 1848.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5
  • M&A Advisors 5

Unum

Unum Group

1 Fountain Square,
Chattanooga, Tennessee 37402
United States,
(423) 294-1011
www.unum.com

Unum is a provider of financial protection benefits in the United States and the United Kingdom. Unum’s portfolio includes disability, life, accident and critical illness coverage, which help protect millions of working people and their families in the event of an illness or injury. Unum was formed in 1848 and is based in Chattanooga, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 6 - - - - - 6
vol $50M $50M
Sell (0.2/yr) # 1 - - - - 1 2
  8

Most Recent M&A

Company Date Value Type
Unum Group - Medical Stop Loss Business 2024-07-08 - Divestiture
, United States
LeaveLogic, Inc. 2018-03-12 - Add-on Acquisition
Seattle, Washington · www.leavelogic.com
Pramerica Życie TUiR SA 2018-01-23 - Divestiture
Warszawa, Poland · www.pramerica.pl
AlwaysCare Benefits, Inc. 2016-04-04 - Divestiture
Baton Rouge, Louisiana · www.alwayscarebenefits.com
Starmount Life Insurance Co., Inc. 2016-04-04 - Add-on Acquisition
Baton Rouge, Louisiana
National Dental Plan Ltd. 2015-08-10 50M USD Divestiture
London, United Kingdom · www.nationaldental.co.uk
Genex Services LLC 2007-01-24 - Divestiture
Wayne, Pennsylvania · www.genexservices.com
Genex Services LLC 1997-01-01 - Add-on Acquisition
Wayne, Pennsylvania · www.genexservices.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Starmount Life Insurance Co., Inc. 2016-04-04 AlwaysCare Benefits, Inc. 2016-04-04 1
Baton Rouge, Louisiana Baton Rouge, Louisiana · www.alwayscarebenefits.com

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 5 (83%) 50M (100%) 2 (100%) -
Internet Software and Services 1 (17%) - - -
Total 6 $50M 2 -

By Geo

State/Country Buy Value Sell Value
United States 4 - 2 -
  Louisiana 2 - - -
  Pennsylvania 1 - 1 -
  Washington 1 - - -
Poland 1 - - -
United Kingdom 1 50M - -
Domestic 4 (67%) - 2 (100%) -
Cross-border 2 (33%) 50M (100%) - -
Total 6 $50M 2 -

Top M&A Advisors

Financial Deals
PwC Corporate Finance
 1
Piper Sandler & Co.
 1
Barclays Investment Bank
 1
Legal Deals
Sutherland Asbill & Brennan LLP
 1
Faegre Drinker Biddle & Reath
 1

Deal Values

buy # Total
< $100M 1 $50M
TOTAL $50M
Largest National Dental Plan Ltd.
$50M (2015-08-10)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
3 (50%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Insurance

Revenue

12,309   4% 2023
11,875   1% 2022
11,838   10% 2021
13,147   10% 2020
11,999   4% 2019
11,599   3% 2018
11,287   3% 2017
11,047   3% 2016
10,731   3% 2015
10,510   2% 2014
10,369   2% 2013
10,515   2012
(millions of USD) Show More Show Less

Employees

10,553

Established

1848

Public

NYSE: UNM

Former Name

UnumProvident Corp.

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