Unum Group Announces $200 Million Accelerated Share Repurchase

Unum Group UNM announced today that it entered into an accelerated share repurchase agreement with Goldman, Sachs & Co. to repurchase $200 million of its outstanding common stock. The repurchase follows the recently announced authorization by Unum Group's Board of Directors to repurchase up to an additional $1 billion of the company's common stock and is a component of Unum Group's overall capital management strategy, as outlined in November 2010.