Unum Corp. on Monday released an earnings report that showed a first-quarter ope

Source

Portland Press Herald

Date

4-28-1994

Pages

1A, 10A

Abstract

Unum Corp. on Monday released an earnings report that showed a first-quarter operating profit rise that was about 10 percent short of expectations on Wall Street, precipitating a sell-off of Unum stock on Tuesday. The decrease in earnings is attributed to problems in the field of long-term disability insurance, Unum's core business. Investment analysts yesterday expressed confidence in the company despite the sell-off, but reserved judgment on whether the problems are long term or a passing phenomenon. Details.

Subjects

Insurance, Disability, Unum Corporation -- Portland

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