Unum Group's board of directors has approved a new share repurchase program up to $1 billion of its common stock starting on January 1, 2026.
The current share repurchase program will continue until December 31, 2025, after which all repurchases will fall under the new program.
Management will determine the timing and amount of repurchases based on market conditions and other factors.
Share Repurchase Program Authorized
Unum Group's board authorized a $1 billion share repurchase program, reflecting confidence in the company's financial position.
Market Evaluation for Repurchases
Repurchases under the new program will be based on market conditions and evaluated by management to benefit shareholders.
Share Repurchase Methods
Repurchases may be made through open market transactions, privately negotiated transactions, or other means in adherence to securities laws.
- The authorization of the $1 billion share repurchase program signals Unum Group's commitment to returning value to shareholders.
- Share repurchases can indicate management's belief in the company's future performance and financial stability.
The approval of the new share repurchase program by Unum Group's board highlights the company's confidence in its financial position and future growth prospects, aiming to create long-term value for shareholders.