NU Online News Service, Dec. 5, 2003, 11:43 a.m. EST – UnumProvident Corp., Chattanooga, Tenn., has agreed to sell its Tokyo-based UNUM Japan Accident Insurance Company subsidiary to Hitachi Capital Corp., Tokyo, for about $23 million.[@@]
UNUM Japan generates about $32 million in premium revenue per year from selling group and individual disability insurance in Japan.