Unum: Strong Core Business Offsets Ongoing LTC Uncertainty

J. Michael Jones Seeking Alpha In my past analysis, I assumed $0 value for Closed Block and do not expect any financial benefits to accrue from the entity. This is an important to point to emphasize because Unum has a$68.73 book value excluding unrealized security losses that sit in accumulated other comprehensive income (AOCI). Unum US has $4.8 billion of equity ex-AOCI , Unum International has$870 million, Colonial Life has $2.05 billion, and the Closed Block has$5.05 billion. The Closed Block contribu ...