Exhibit 99.2
Starmount Acquisition Fact Sheet
Strategic focus on expanding employee benefits
that promote financial security and well-being
Transaction Summary
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Price is $127 million plus net assets, funded from holding company cash and some incremental debt. We anticipate closing by the end of 3Q 2016. |
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Neutral to accretive to 2017 earnings per share. |
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No expense synergies assumed. |
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Share repurchase and common stock dividend outlook is unchanged from prior guidance. |
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Leverage, RBC ratios and holding company cash remain within target ranges. |
Company Profile
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Starmount is licensed in 49 states and the District of Columbia, selling dental and vision products. |
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Founded in 1983 and headquartered in Baton Rouge, Louisiana. |
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More than 220 employees. |
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Inforce annualized premium in excess of $180 million and more than 940,000 lives covered. |
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consistent operating results |
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strong customer persistency |
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excellent customer satisfaction |
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Starmount provides a platform and network that is highly scalable. |
Dental Experience
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Unum has a recent history of successfully growing a dental business in partnership with United Concordia and Health Plan Services. |
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Total sales of $43 million in 2015. |
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Rapid growth since inception of partnerships in 2012 (Unum) and 2015 (Colonial Life). |
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Growth has come without a fully integrated offering. |
Growth Plan
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Staggered rollout over 2017-2018 to Unum and Colonial Life sales organizations. |
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leverage size and scale of national distribution footprint |
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leverage our strong brands and complementary products |
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cross-sell opportunities to 170,000 current employer customers |
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Potential to grow premiums to ~$500 million in five years. |
