Unum 2012 Annual Report Download - page 9
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Finally, I would like to share my appreciation for our Board
of Directors and my management team for the exceptional
leadership they have brought to this company. In this
environment, it is often difficult to “stick to the plan”
and remain focused on the fundamentals. Our Board and
leadership team have had the courage to stay with the
principles that have been so important to our past success
and will certainly serve as the guiding principles in creating
sustainable success well into our future.
We will continue to take the actions needed to meet our
customers’ needs, while delivering strong financial results
for our shareholders. On behalf of all of us at Unum,
thank you for your continued support of our company.
Regards,
Thomas R. Watjen
President and Chief Executive Officer
575,000 families avoid impoverishment and the
need to rely on public assistance programs. The
report also suggests that poverty among working
adults who become disabled during their careers
could be virtually eliminated if all workers had some
form of employer-sponsored disability insurance.
Clearly, employer-sponsored benefits can play a
major role in addressing the growing need for
financial protection for families and individuals
and in taking pressure off government resources.
Our partnership with Demos, an independent
think-tank, is part of an innovative campaign in the
U.K. to widen awareness of the value of group
income protection to individuals, employers and
to society as a whole. Additionally, a study last
year by the Centre for Economics and Business
research in the U.K. revealed that a typical
business with more than 500 employees incurs
long-term absence costs of £620,000 annually.
And research released last year by the Consumer
Federation of America in partnership with Unum
shows that individuals in the U.S. need and want
disability coverage — and that they would be
willing to pay for it if their employers offered
them the opportunity.
This research is already helping our industry
drive conversations that aim to increase the
availability of disability benefits.
Protecting individuals and families against the
financial impact of illness, injury or loss is a critical
step in creating a safety net for all workers. The
private sector, government and advocacy organiza-
tions can and must work together to increase the
awareness of the need for employer-sponsored
benefits and to make these valuable benefits
more accessible to individuals and families.
Private, employer-sponsored disability
insurance saves taxpayers up to
$4.5 billion per year.
A CEO’s Perspective
Continued from page 5
UNUM 2012 ANNUAL REPORT 7