History
Unum’s predecessor, Union Mutual Life Insurance Company, was founded in 1848, making it one of the oldest continuously operating insurance companies in the United States. It was one of the first major U.S. mutual insurance companies to convert to public ownership, forming Unum Corporation in 1986. Unum’s strategy eventually evolved to have a clear focus on disability and special risk products. Through its subsidiaries, Unum became the leader in group disability insurance. Through its business unit, Colonial Life & Accident Insurance Company, it became a leader in voluntary insurance.
Founded in 1887, Provident Life and Accident Insurance Company provided accident insurance for "uninsurable" workers in the sawmills and coal mines around Chattanooga. Provident went on to become a leader in individual disability insurance and "return-to-work" programs that helped disabled workers return to the workforce.
In 1997 Provident completed the acquisitions of rival insurer The Paul Revere Corporation and its subsidiaries. It also acquired GENEX Services, Inc., which provides disability case management, vocational rehabilitation and related services to corporations, third-party administrators, and insurance companies.
Unum and Provident merged in 1998, creating UnumProvident Corporation. Following a rebranding effort in 2006-2007, the company shortened its name to Unum in January 2007 and unveiled a new logo in April 2007.
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