President Rick McKenney is photographed after the annual shareholder meeting at Unum on Thursday, May 21, 2015, in Chattanooga, Tenn., where he was introduced to shareholders as the successor to outgoing CEO Tom Watjen. Insurer Unum Group on Wednesday reported record net income in 2016, helped by a strong fourth quarter.
For the year, the Chattanooga -based provider of disability insurance and other employee benefits posted net income of $931.4 million compared to $867.1 million in 2015.
Revenue rose in 2016 to $11.04 billion versus $10.73 billion in 2015, the company reported after the close of financial markets.
In the fourth quarter, Unum said higher operating income and revenues over a year ago were driven by premium growth in its core businesses.
Fourth quarter revenue came in at $2.79 billion, up 2.2 percent over the same period a year ago, the company said.