Question-and-Answer SessionRichard McKenneyPresident, CEO & Director Great. Thanks, Mike. I appreciate UBS for having us at the conference today. We've had a good series of meetings over the course of the day, meet with people. Good to have a chance to chat about where we are going into the year. We released our earnings and our outlook on Friday, so this is relatively fresh to go through that. I talked about a number of things that we're looking forward to as we get into 2026. I'd start first with the top ...

Unum Group 2026 Conference Call Summary Company Overview - **Company**: Unum Group (NYSE: UNM) - **Date**: February 09, 2026 - **Speakers**: Rick McKenney (CEO), Steve Zabel (CFO) Key Points 2026 Outlook - Unum expects top-line growth in premium between **4%-7%** off a **$10 billion** base, leading to an **earnings per share (EPS)** growth of **8%-12%** [2][3] - The company plans to return approximately **100%** of its earnings to shareholders through dividends and share repurchases [3][4] Group Disability Business - The group disability market is competitive but rational in pricing, with Unum's strong positioning due to investments in employer HRIS systems [6][7] - The benefit ratio for group disability was **62.5%** in 2025, with expectations to adjust prices leading to a target range of **62%-64%** for 2026 [9][10] - Historical benefit ratios were in the low **70s** pre-pandemic, with normalization expected around **65%** over the next **2-3 years** [11][12] Closed Block Strategy - Unum has fully closed its Closed Block, which will now be reported below the line as a special item, isolating core business performance [15][20] - The company maintains a **$2.2 billion** protection behind the Closed Block, with no additional capital planned for this segment [22][24] Leave Management - Unum has invested in leave management platforms, managing over **2 million** people on its leave platform, which integrates well with short-term and long-term disability offerings [35][36] - The proliferation of new leave types has created a demand for effective leave management solutions, positioning Unum favorably in the market [33][34] Technology and AI Integration - Unum has developed various technologies, including HR Connect and Agent Assist, to enhance customer experience and operational efficiency [39][40] - AI is being utilized to improve customer interactions and internal efficiencies, with ongoing investments in AI solutions [50][51] Capital Deployment - In 2025, Unum repurchased **$1 billion** in shares and paid **$300 million** in dividends, with plans for similar capital deployment in 2026 [71][72] - The company ended 2025 with a **440 RBC** and **$2.2 billion** in cash, indicating a strong capital position [73][78] Market Sentiment and Economic Outlook - Unum's growth is expected to continue despite potential economic headwinds, with a focus on maintaining a strong benefits package for employees [62][63] - The company anticipates a **4%-7%** top-line growth rate, driven by wage inflation and payroll growth [57][58] Competitive Dynamics - The competitive landscape in group life and AD&D remains stable, with Unum focusing on delivering comprehensive packages that include leave management and voluntary benefits [91][92] Future Growth Opportunities - Unum is exploring inorganic growth opportunities, particularly in the UK and Poland, to expand its scale and capabilities [90][87] - The company aims to leverage technology and services to enhance customer experience and drive growth [88][89] Conclusion Unum Group is positioned for steady growth in 2026, with a strong focus on capital return to shareholders, strategic investments in technology, and a commitment to enhancing its core business offerings. The company remains optimistic about its market position and growth potential despite economic uncertainties.

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Key Takeaways UNM Q4 EPS and revenues miss estimates on lower operating income down and soft results across segments.UNM premiums increased 2% year over year, but benefits and expenses jumped 8%, pressuring quarterly results.UNM saw weaker segment income, yet expects 2026 premium growth of 4 to 7% with higher adjusted EPS.Unum Group’s (UNM) fourth-quarter 2025 operating net income of $1.92 per share missed the Zacks Consensus Estimate by 9%. The bottom line decreased 5.4% year over year.The quarterly result ...

Unum (NYSE:UNM) Q4 2025 Earnings call February 06, 2026 08:00 AM ET Company ParticipantsChris Pyne - EVP of Group BenefitsJack Matten - VP of Equity ResearchJohn Barnidge - Managing DirectorJosh Shanker - Managing DirectorMark Till - Head of International BusinessMatt Royal - Head of Investor RelationsRick McKenney - President and CEOSteve Zabel - CFOTim Arnold - Head of Colonial Life and Voluntary Benefits LinesTom Gallagher - Senior Managing DirectorWes Carmichael - Executive Director of U.S. Life Insuran ...

Unum (NYSE:UNM) Q4 2025 Earnings call February 06, 2026 08:00 AM ET Company ParticipantsChris Pyne - EVP, Group BenefitsJack Matten - VP of Equity ResearchJohn Barnidge - Managing DirectorJosh Shanker - Managing DirectorMark Till - CEO, Unum InternationalMatt Royal - Head of Investor RelationsRick McKenney - President and CEOSteve Zabel - CFOTim Arnold - EVP, Voluntary Benefits and President, Colonial LifeTom Gallagher - Senior Managing DirectorWes Carmichael - Executive Director of U.S. Life InsuranceConfe ...

Unum (NYSE:UNM) Q4 2025 Earnings call February 06, 2026 08:00 AM ET Speaker8Hello, and welcome to the Unum Group Fourth Quarter 2025 Results and 2026 Outlook. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press Star followed by the number one on your telephone keypad. If you would like to withdraw your question, press Star one again, and please limit to ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of SCRYY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advi ...

Unum Group (NYSE:UNM) reported an EPS of $1.92, missing the estimated $2.11, indicating a negative EPS surprise of 9.07%.The company's revenue was approximately $3.24 billion, slightly below the estimated $3.29 billion, marking a modest year-over-year increase.Unum's financial ratios such as a P/E ratio of 14.11 and a current ratio of 2.33 highlight its market valuation and liquidity position.Unum Group (NYSE:UNM) is a prominent player in the insurance industry, specifically within the Zacks Insurance - Acc ...

Core Viewpoint - Unum Group (UNM) shares have shown mixed performance over the past year, with a slight decline in trading value due to concerns regarding reserve adequacy [1] Group 1: Company Performance - Unum Group's stock has faced pressure from concerns about the adequacy of its reserves [1] - The company undertook reinsurance transactions last year that significantly reduced its exposure [1] Group 2: Analyst Insights - The article reflects a contrarian investment approach based on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1]