CHATTANOOGA, Tenn., June 7 /PRNewswire-FirstCall/ -- UnumProvident
(NYSE: UNM) maintained its leadership in long-term and short-term group and
individual income protection markets, according to the 2004 JHA group and
individual disability market surveys.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030929/CHM022LOGO-a )
For the 29th consecutive year, UnumProvident or one of its predecessor
companies led the group income protection industry in both inforce business
premium and new sales. In 2004, the company maintained more than $2.6 billion
in premium for existing cases and generated approximately $237 million of new
sales.
Today UnumProvident is the choice of nearly one of every four employers
who offer group disability insurance coverage -- providing income protection
disability insurance to more than 11 million American workers.
"The fact that we maintained our market leadership is particularly
encouraging during a year in which we brought a greater pricing discipline to
the marketplace as we focused on profitability over growth," said Thomas R.
Watjen, president and chief executive officer. "Our leadership in this
industry and strong customer satisfaction ratings are a testament to the
outstanding efforts of our employees and the strong value of the innovative
products and services we provide."
UnumProvident also led the individual disability income protection market
with $1.4 billion of inforce premium on more than 1 million policies.
The annual JHA disability market surveys track and reports sales and
inforce premiums for both traditional and voluntary disability products in the
group market, and non-cancelable, guaranteed renewable, and buy-sell
individual product lines. JHA, a subsidiary of General Re Life Corporation (a
Berkshire Hathaway company) is a disability reinsurance, consulting and market
research firm. Through its market research practice and consulting work, JHA
is the leading source for information and data about the disability market.
For more information, visit http://www.jhaweb.com.
About UnumProvident
UnumProvident (UNM) is the largest provider of group and individual
disability income protection insurance in the United States and United
Kingdom. Through its subsidiaries, UnumProvident Corporation insures more than
25 million people and paid $5.9 billion in total benefits to customers in
2004. With primary offices in Chattanooga, Tenn., and Portland, Maine, the
company employs more than 12,000 people worldwide. For more information,
visit http://www.unumprovident.com.
SOURCE UnumProvident
-0- 06/07/2005
/CONTACT: Mary Clarke Guenther, Manager, Media Relations of
UnumProvident, +1-423-294-6300, or mguenther@unumprovident.com /
/Photo: http://www.newscom.com/cgi-bin/prnh/20030929/CHM022LOGO-a
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com/
/Web site: http://www.unumprovident.comhttp://www.jhaweb.com /
(UNM)
CO: UnumProvident; JHA; General Re Life Corporation; Berkshire Hathaway
ST: Tennessee
IN: INS HEA
SU: SVY
AK-DL
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5993 06/07/200514:00 EDThttp://www.prnewswire.com