Moody's: Unum to positive

Moody's Investors Service said it affirmed the Baa3 senior debt ratings of Unum Group and theA3 insurance financial strength ratings of the company's U.S. life insurance subsidiaries.

The outlook was revised to positive from stable.

Unum's positive earnings momentum, improving business diversification and continuing improvement in financial flexibility is strengthening its credit profile, which led to the outlook revision, Moody's said.

The company's earnings diversification also has improved, the agency said.

The ratings reflect Unum's leading market share in the group long-term and individual disability markets and the company's established position in the voluntary benefits market, Moody's said.

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