LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced an investigation on behalf of Unum Group (“Unum” or the “Company) (NYSE: UNM) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Unum investigation page on our website at www.glancylaw.com/case/unum-group.
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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If you purchased Unum securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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