Unum Group – 175 Years
Photos Courtesy of Unum Group

Tracing back to mid-nineteenth century New England, Unum Group has a storied history. The insurer originated with the 1848 charter of Union Mutual Life Insurance Company, founded by Elisha Pratt with the guiding philosophy of “finding a better way.” Its first policy – a life insurance contract for $5,000 – was sold to Pratt himself. The fledgling company revolved around providing accessible insurance to farmers, professionals, and businesses during a time when many did not have access to such financial benefits. That same spirit of helping others was at the core of Provident Life & Accident Insurance company, which opened its doors in 1887 in Chattanooga and was long led by the Maclellan family.
The two companies joined forces in 1999, changing its name to Unum Group in 2007. Today the insurer continues to advance its purpose of “helping the working world thrive throughout life’s moments” by meeting the needs of employers and their employees. Across its various products and services, Unum Group protects over 45 million people and their families and partners with 181,000 companies to strengthen workplace benefits. Headquartered in Chattanooga, the company employs 11,000 people across the United States, United Kingdom, Poland, and Ireland, coupling organic growth and expansion with a series of mergers and acquisitions. Unum Group continues to distribute its products and services through the Unum and Colonial Life brands.
Over the past 175 years, Unum Group has endured throughout the wars, economic downturns, pandemics, and the constant evolution of society and the workplace. Current President and CEO Rick McKenney says investing in its capabilities and people has helped the company adapt, along with a “relentless focus on anticipating and serving the ever-changing needs of our customers.” He adds that since its creation, Unum Group has been a “constant presence in the lives of our customers, communities, and employees. Our resilience and a caring spirit navigate us through every unprecedented shift.”
Last year, the company achieved a record performance with plans to continue to break new ground in the benefits business. “In 2022, we paid $8 billion in benefits to those facing challenges, and we’re proud to be there when people need us the most,” shares McKenney.
Acknowledging Unum Group’s legacy of paving the way as a long-standing industry leader, he lists a few of its many accomplishments over the years: “We were the first to introduce disability insurance and offer group life coverage through the workplace, and among the first to help companies navigate today’s complex employee leave environment.”
McKenney says, “Our 175th anniversary is a special opportunity to celebrate our people, customers, successes, and strong culture, while recognizing the efforts we’re making to chart a course for the future.” He adds that he is particularly proud of Unum Group’s rich tradition of giving back and the strong partnerships the business and its employees have with local communities. As the company moves toward its bicentennial year, he adds, “Our plans for the future center on protecting more people with the right products and services for generations to come.”
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Top Image: Rick McKenney, President and CEO