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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 05, 2003 at 07:00 PM
NU Online News Service, Dec. 5, 2003, 11:43 a.m. EST – UnumProvident Corp., Chattanooga, Tenn., has agreed to sell its Tokyo-based UNUM Japan Accident Insurance Company subsidiary to Hitachi Capital Corp., Tokyo, for about $23 million.[@@]
UNUM Japan generates about $32 million in premium revenue per year from selling group and individual disability insurance in Japan.
About 90% of the business is group business, UnumProvident says.
In the future UnumProvident plans to focus mainly on operations in the United States and Canada, according to UnumProvident President Thomas Watjen.
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