Unum Group was founded in 1848. The Company and its subsidiaries provide disability insurance products in the United States and the United Kingdom. The Company also provides a complementary portfolio of other insurance products, including employer- and employee-paid group benefits, life insurance, and other related services. Its business segments are Unum US, Unum UK, and Colonial Life, the other segments are the Closed Block and Corporate segments. The Unum US segment includes group long-term and short-term disability insurance, group life and accidental death and dismemberment products, and supplemental and voluntary lines of business. The supplemental and voluntary lines of business are comprised of individual disability and voluntary benefits products. The Unum UK segment includes insurance for group long-term disability, group life, and supplemental lines of business which include dental, individual disability, and critical illness products. The Unum UK's products are issued by Unum Limited and are sold in the United Kingdom through field sales personnel and independent brokers and consultants. The Colonial Life segment includes insurance for accident, sickness, and disability products, life products, and cancer and critical illness products issued by Colonial Life & Accident Insurance Company and marketed to employees, on both a group and an individual basis, at the workplace through an independent contractor agency sales force and brokers. The closed block segment consists of individual disability, group and individual long-term care, and other insurance products no longer actively marketed. The corporate segment includes investment income on corporate assets not specifically allocated to a line of business, interest expense on corporate debt other than non-recourse debt, and certain other corporate income and expense not allocated to a line of business. It competes with other insurers for sales agents and brokers on the basis of its product offerings, financial strength, support services, and compensation. The Company and its subsidiaries are subject to supervision and regulation both in the United States and in the United Kingdom.
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