Unum misses expectations, reports 208.6 million in forth quarter of 2009

Unum misses expectations, reports 208.6 million in forth quarter of 2009

February 2nd, 2011 in Local - Breaking News

Unum reported operating income of of $208.6 million in the fourth quarter of 2009, or 66 cents per share, missing analyst expectations by three cents.

The company simultaneously announced a $1 billion share buyback program, which President and CEO Tom Watjen said "sends a strong statement about our confidence in the future, much the way last week¹s ratings upgrade by A.M. Best speaks to the confidence they have in our company."

For more on this story, pick up a copy of tomorrow's Times Free Press.