Unum Group – ‘10-Q’ for 6/30/99 – EX-18

On:  Friday, 8/13/99   ·   For:  6/30/99   ·   Accession #:  931763-99-2380   ·   File #:  1-11834

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                      43    221K 
 2: EX-3.1      Restated Certificate of Incorporation                  8     36K 
 3: EX-3.2      Amended and Restated Bylaws                           17     80K 
 4: EX-10.1     Employment Agreement for James F. Orr Iii             18     68K 
 5: EX-10.2     Employment Agreement for J. Harold Chandler           16     64K 
 6: EX-10.3     Employment Agreement for F. Dean Copeland             15     67K 
 7: EX-10.4     Employment Agreement for Robert W. Crispin            15     69K 
 8: EX-10.5     Employment Agreement for Elaine D. Rosen              15     68K 
 9: EX-10.6     Employment Agreement for Thomas R. Watjen             15     68K 
10: EX-15       Letter Re: Unaudited Financial Information             1      8K 
11: EX-18       Letter Re: Change in Accounting Principles             1      9K 
12: EX-27.1     Financial Data Schedule (12 Months)                    2     12K 
13: EX-27.2     Financial Data Schedule (6 Months 6/30/99)             2     12K 
14: EX-27.3     Financial Data Schedule (6 Months 6/30/98)             2     12K 

EX-18   —   Letter Re: Change in Accounting Principles

EX-18
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                                                                      EXHIBIT 18

August 2, 1999                                                                  

Board Of Directors                                                              
UNUMProvident Corporation                                                       

Dear Directors:                                                                 

We are providing this letter to you for inclusion as an exhibit to the Form 10-Q
filing pursuant to Item 601 of Regulation S-K.                                  

We have been provided a copy of the Company's Quarterly Report on Form 10-Q for 
the period ended June 30, 1999. Note 2 therein describes a change in accounting 
principle from calculating the discount rate for claim reserves previously      
associated with the claims of the former UNUM Corporation using UNUM            
Corporation's processes and assumptions to discounting claim reserves using the 
new combined Company's processes and assumptions which are consistent with the  
processes and assumptions previously associated with the claims of the former   
Provident Companies, Inc. It should be understood that the preferability of one 
acceptable method of accounting over another for discounting claim reserves has 
not been addressed in any authoritative accounting literature, and in expressing
our concurrence below we have relied on management's determination that this    
change in accounting principle is preferable. Based on our reading of           
management's stated reasons and justification for this change in accounting     
principle in the Form 10-Q, and our discussions with management as to their     
judgment about the relevant business planning factors relating to the change, we
concur with management that such change represents, in the Company's            
circumstances, the adoption of a preferable accounting principle in conformity  
with Accounting Principles Board Opinion No. 20.                                

We have not audited any financial statements of the Company as of any date or   
for any period subsequent to December 31, 1998. Accordingly, our comments are   
subject to change upon completion of an audit of the financial statements       
covering the period of the accounting change.                                   

Very truly yours,                                                               

PricewaterhouseCoopers, LLP                                                     

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
Filed on:		8/13/99
		8/2/99		8-K
For Period End:		6/30/99		8-A12B/A,  8-K,  S-8
		12/31/98		10-K,  10-K/A
				List all Filings