82.00
price up icon0.66%   0.54
after-market After Hours: 82.72 0.72 +0.88%
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Why is Unum Group (UNM) Stock down?

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.

insurance_life GL
$132.13
price up icon 0.31%
insurance_life PRI
$288.05
price up icon 1.24%
insurance_life LNC
$36.01
price up icon 0.28%
insurance_life JXN
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insurance_life PUK
$21.57
price up icon 0.33%
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