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Unum Group

Company NameUnum Group
Stock SymbolUNM
Class PeriodOctober 27, 2016 to May 01, 2018
Lead Plaintiff Motion DeadlineAugust 13, 2018

On May 2, 2018, Unum disclosed that its first quarter 2018 loss ratio for its long-term care business was a disappointing 96.6%, compared to only 88.6% for the first quarter of 2017. The first quarter 2018 loss ration also far exceeded the Company’s earlier-stated expectation of 85-90%.

On this news, Unum’s share price fell $8.12 per share, or nearly 17%, to close at $39.78 per share on May 2, 2018, thereby injuring investors.

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