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  • UnumProvident to Change Name to Unum
    Simplified Name Signifies Emergence of 'New' Company, While at Same Time Capitalizing on Tremendous Brand Equity Built over Many Years 
    Company Release - 01/16/2007 11:30

    CHATTANOOGA, Tenn.--(BUSINESS WIRE)--

    UnumProvident Corporation (NYSE:UNM), one of the leading employee benefits providers in the United States and the United Kingdom, today said it intends to change its name to Unum Group as part of a larger branding initiative the company is undertaking. The new name follows several years of operational and financial restructuring and signals a transition to a period of building and growing the company's business.

    "Given the progress we have made both operationally and financially in recent years, UnumProvident has essentially become a new company," said Thomas R. Watjen, president and CEO. "We are stronger today than we've ever been, and we believe we are well positioned to withstand the challenges and capitalize on the many opportunities that lie ahead. The time is right for us to signal this change, but to do so in a way that does not lose sight of the tremendous name and brand equity we've built in the marketplace over many years. Going forward we will be known as Unum."

    The change to Unum Group will be effective pending necessary approvals. In the meantime, the company will begin using the name Unum in the marketplace. Unum's three primary business units will be known as Unum US, Unum UK and Colonial. The names of the company's insurance entities used to market and sell its products, including Unum Life Insurance Company of America, Provident Life and Accident Insurance Company, The Paul Revere Life Insurance Company, and Colonial Life & Accident Insurance Company will not change.

    "We have a rich history in the many names that have formed our company - including Provident, Colonial, Paul Revere, Unum and Unum Limited - each of which has a proud heritage and holds significant value to certain stakeholders," added Watjen. "The name Unum will allow us to bring greater focus to our emerging brand and reinforce our commitment to being a leader in the group benefits industry."

    About Unum

    Unum (www.unum.com), formerly UnumProvident, is the largest provider of group and individual income protection insurance, and one of the leading providers of employee benefits products and services in the United States and the United Kingdom. Through its subsidiaries, Unum insures more than 21 million people and provided $6 billion in total benefits to customers in 2006.

    Source: Unum Group


    Contact: Unum Group Media: Jim Sabourin, Vice President, Corporate Communications 423-294-6300 Toll free: 866-750-8686 (UNUM)