Problems Seem to Get Worse for UNUM
The beleagured Unum Group (UNM) said late Monday that fourth-quarter net income came in at $160.5 million, or 44 cents per common share, down a massive 42% from a year earlier when the disability insurer made $276.1 million, or 80 cents per common share.
Just 4 years ago Unum's shares sank like a stone to just $6. We predict a similar drop is on the cards.