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This excerpt taken from the UNM 10-K filed Feb 25, 2008. ITEM 5. MARKET FOR REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS Common stock of Unum Group is traded on the New York Stock Exchange. The stock symbol is UNM. Quarterly closing prices and dividends paid per share of common stock are as follows:
The following graph shows a five year comparison of cumulative total returns for our common stocks historical performance, the S&P Composite Index, and the Insurance Index (non-weighted average of total returns from the S&P Life & Health Index and the S&P Multi-line Index). Past performance is not an indication of future results.
As of February 21, 2008, there were 16,301 registered holders of common stock. In October 2007, our board of directors authorized the repurchase of up to $700.0 million of Unum Groups common stock. The share repurchase program does not have an expiration date, and the pace of repurchase activity will depend upon various factors such as the level of available cash, alternative uses for cash, and our stock price. The authorization may be modified, extended, or terminated by our board of directors at any time. At December 31, 2007, no common stock had been repurchased under this program. During January 2008, we repurchased
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Table of Contentsapproximately 14 million shares of our outstanding common stock, pursuant to the share repurchase authorization, using an accelerated share repurchase agreement. For information on restrictions relating to our insurance subsidiaries ability to pay dividends to the holding company see Dividend Restrictions contained herein in Item 1A, Liquidity and Capital Resources Cash Available from Subsidiaries contained herein in Item 7, and Note 16 of the Notes to Consolidated Financial Statements contained herein in Item 8. For information relating to compensation plans under which Unum Groups equity securities are authorized for issuance, see Item 12 contained herein. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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