UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-11294 Unum Group (Exact name of registrant as specified in its charter) Delaware 62-1598430 (State or other jurisdiction of incorp ...

Unum Group’s (UNM) first-quarter 2025 operating net income of $2.04 per share missed the Zacks Consensus Estimate by 6.8%. The bottom line decreased 3.8% year over year.The quarterly results reflected higher premiums and solid performances across Unum International, Colonial Life and Closed Block segments, partially offset by weakness in the Unum U.S and Corporate segments. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Unum Group’s Operational Update         Total operating revenu ...

Financial Data and Key Metrics Changes - The company achieved a return on equity (ROE) of over 20% and premium growth exceeding 4% in the first quarter [5][16] - Earnings per share (EPS) was reported at $2.4, reflecting a 3.8% decrease from the previous year due to higher disability claims [5][15] - Statutory earnings were strong at nearly $500 million, bolstered by one-time benefits from restructuring [12][16] Business Line Data and Key Metrics Changes - Unum US saw adjusted operating income decrease by 14.6% to $329.1 million, with premium growth of 4.3% [17][19] - Group disability adjusted operating income fell to $119.2 million, driven by higher incidence rates, with a benefit ratio of 61.8% [18][19] - Colonial Life's operating income increased to $115.7 million, with premium income growing at 2.3% [22][23] Market Data and Key Metrics Changes - The international segment's adjusted operating income rose to $38.7 million, with premium income increasing by 7% year-over-year [20][21] - Unum Poland experienced 18% growth, while the UK business saw a 15% increase in its sub-500 lives core business [21][90] Company Strategy and Development Direction - The company aims to maintain industry-leading margins and grow its top line at mid-single-digit levels, with a full-year growth outlook of 6% to 10% [4][5] - Continued investment in digital capabilities is seen as crucial for enhancing customer interactions and improving persistency [6][9] - The company is actively managing its long-term care block and has executed transactions to reduce risk and release capital [12][25] Management's Comments on Operating Environment and Future Outlook - Management noted that the economic environment remains favorable, with healthy employment levels and rising wages contributing to business stability [5][6] - The company expects to see a normalization in disability claims and a return to historical levels of incidence rates as the year progresses [35][66] - There is confidence in achieving annual expectations for statutory earnings and maintaining robust capital flexibility [16][30] Other Important Information - The company ended the quarter with record holding company liquidity of $2.2 billion and a risk-based capital (RBC) ratio of 460% [12][30] - Share repurchases in the first quarter amounted to approximately $200 million, with plans to continue this in the second quarter [13][31] Q&A Session Summary Question: Can you provide more details on disability incidents? - Management observed elevated incidents in both short-term and long-term disability early in the quarter, with a normalization expected as the year progresses [34][35] Question: How do you view the economic sensitivity of disability claims? - Management indicated that while submitted claims may rise during economic downturns, this does not necessarily translate to higher paid incidents [37][39] Question: What are the drivers for the reaffirmed growth guidance? - Management highlighted expectations for improved group disability loss ratios, anticipated yield increases, and organic growth as key drivers for the reaffirmed guidance [42][48] Question: Can you elaborate on the impact of technology on persistency? - Management noted that technology investments are expected to enhance persistency, with a significant portion of new business tied to these capabilities [50][51] Question: What are the dynamics around capital deployment and share buybacks? - Management emphasized a dynamic approach to capital deployment, with plans to increase share repurchases while maintaining flexibility for growth investments [70][76]

Group 1: Earnings Performance - Unum reported quarterly earnings of $2.04 per share, missing the Zacks Consensus Estimate of $2.19 per share, and down from $2.12 per share a year ago, representing an earnings surprise of -6.85% [1] - The company posted revenues of $3.3 billion for the quarter, missing the Zacks Consensus Estimate by 1.05%, compared to $3.2 billion in the same quarter last year [2] - Over the last four quarters, Unum has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Group 2: Stock Performance and Outlook - Unum shares have increased by approximately 8.2% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to those expectations [4] - The current consensus EPS estimate for the coming quarter is $2.26 on revenues of $3.35 billion, and for the current fiscal year, it is $9 on revenues of $13.35 billion [7] Group 3: Industry Context - The Insurance - Accident and Health industry, to which Unum belongs, is currently in the top 34% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Unum's stock performance [5][6]

Unum Group Statistical Supplement First Quarter 2025 TABLE OF CONTENTS (in millions of dollars, except share data and where noted) Interim Results are Unaudited Generally Accepted Accounting Principles 1 Our traditional U.S. life insurance companies are Provident Life and Accident Insurance Company, Unum Life Insurance Company of America, First Unum Life Insurance Company, Colonial Life & Accident Insurance Company, The Paul Revere Life Insurance Company, Unum Insurance Company, Provident Life and Casualty ...

Core Viewpoint - Unum Group (UNM) is expected to report improved earnings and revenue for the first quarter of 2025, with a consensus estimate of $3.3 billion in revenues and $2.19 per share in earnings, indicating year-over-year growth [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for UNM's first-quarter revenues is $3.3 billion, reflecting a 4.1% increase from the previous year [1]. - The consensus estimate for earnings is $2.19 per share, which represents a year-over-year increase of 3.3% [2]. Earnings Prediction Model - UNM has an Earnings ESP of -0.58%, as the Most Accurate Estimate of $2.17 per share is lower than the Zacks Consensus Estimate [3]. - UNM currently holds a Zacks Rank of 4 (Sell), indicating a lower likelihood of an earnings beat this quarter [3]. Premium Income and Investment Income - The Zacks Consensus Estimate for premium income is $2.7 billion, suggesting a 5.3% increase from the year-ago quarter [4]. - Net investment income is estimated at $500.5 million, with the Zacks Consensus Estimate at $532 million, indicating potential growth in investment performance [5]. Segment Performance - Unum U.S. and Colonial Life are expected to show strong performance driven by higher premium income and improved benefit experiences across various product lines [6]. - Estimated operating revenues for Unum U.S. are $2 billion, while Colonial Life is projected at $499.6 million [7]. Expense Considerations - Total benefits and expenses are expected to reach $2.8 billion, influenced by increased policy benefits and other operational costs [8]. - Continued share buybacks are anticipated to positively impact the bottom line [8].

Shares of Unum Group (NYSE: UNM ) have been an excellent performer over the past year, adding over 50%. Its core business continues to perform well, aided by elevated interest rates and solid underwriting. More recently, favorable developments on long-term care [LTC] exposure suggest this exposureOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specif ...

Unum Group (UNM) shares are trading at a discount compared to the Zacks Accident and Health Insurance industry. Its forward price-to-book value of 1.32X is lower than the industry average of 1.89X, the Finance sector’s 4.1X and the Zacks S&P 500 Composite’s 8.2X. The property and casualty insurer has a Value Score of A.The insurer has a market capitalization of $14.04 billion. The average volume of shares traded in the last three months was 1.3 million. The insurer has a solid track record of beating earnin ...

It has been about a month since the last earnings report for Unum (UNM) . Shares have added about 4.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Unum due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Unum Group Q4 Earnings and Revenues Miss Estimates, Premium ...

Unum Group’s (UNM) subsidiary, Unum Life Insurance Company of America (“Unum America”), has agreed to enter into an agreement with Fortitude Reinsurance Company Ltd. (“Fortitude Re”), on a coinsurance basis, to reinsure statutory long-term care (LTC) reserves and cede multi-life individual disability insurance (IDI) business. Pending regulatory approvals and satisfaction or waiver of other customary closing conditions, the deal is expected to see light during 2025.Per the deal, Unum America will cede to For ...