Colonial Life posts record income, sales marks

Unum, parent of Columbia-based Colonial Life, reported a 22% increase in sales for the fourth quarter of 2014 and 5.7% increase in premium growth.ColonialLifelogo

“The positive trends that we have seen throughout the year, including strong sales and premium growth, and generally solid risk results, continued again this past quarter,” said Tom Watjen, president and CEO of Unum, headquartered in Chattanooga, Tenn. “I am especially pleased with our sales and premium growth.”

After-tax operating income for the quarter was $228.8 million compared with $223.8 million for the fourth quarter of 2013. For the full year, operating earnings grew nearly 7%.

Colonial Life operating income increased by more than 7% in the quarter to $74.3 million and closed at a record $300.2 million, the company reported.

Fourth quarter sales for Colonial Life increased by 16%, with good balance across all of the company’s market segments, the company said. For the year, sales increased almost 12% to $410 million, also a record.

“In nearly every measure, it was a good quarter for our company and a strong finish to the year,” Watjen said. “I am very confident that despite a few headwinds we are set up for another great year.”

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