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77.31
4.23%
3.14
After Hours:
78.25
0.94
+1.22%
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Why is Unum Group (UNM) Stock down?
We've noticed a 5.43% decline in Unum Group (UNM) stock during the 2025-04-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
01 Nov, 2023:
Unum Group Stock (UNM) dropped by 13.17% from $48.90 to $42.46 in the trading on Wednesday November 1, 2023. The reason why UNM stock down today is due to the company's Closed Block business. The interest adjusted loss ratio for its long-term care product line, which excludes the reserve increase related to assumption update of $368.1M, jumped to 105.3% from 83.6% a year before, which excludes the reserve decrease related to the assumption update of $2.9M. The increase was mostly driven by higher claim incidence as well as impacts from the change in the net premium ratio resulting from the reserve assumption update.
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