Unum Group

Latest Results (12.11.2025):

In the third quarter of 2025, Unum Group reported net income of $39.7 million ($0.23 per diluted common share) and after-tax adjusted operating income of $357.1 million ($2.09 per diluted common share). The company's core operations delivered a 2.9% premium growth on a constant currency basis with a robust 21.4% adjusted operating return on equity. Enhanced by strategic reinsurance and reserve updates, coupled with a strong balance sheet featuring $2.0 billion in liquidity and a weighted average risk-based capital ratio of approximately 455%, these results underscore Unum Group’s commitment to disciplined execution and long-term shareholder value compared to Q3 2024.

Net Income & Operating Performance

Unum Group's Q3 2025 net income of $39.7 million was impacted by after-tax adjustments including reinsurance amortizations and a significant net reserve increase of $377.8 million. When excluding these items, adjusted operating income reached $357.1 million, reflecting solid core business performance.

Premium Growth & Core Operations

The company achieved a 2.9% growth in premiums on a constant currency basis, driving tangible results in traditional U.S. life insurance statutory operating earnings despite ongoing market adjustments related to reinsurance transactions.

Balance Sheet Strength & Capital Returns

With a strong holding company liquidity of $2.0 billion and an impressive risk-based capital ratio of about 455%, Unum Group has maintained its financial resilience. To date, nearly $980 million has been returned to shareholders through share repurchases and dividends, reinforcing its commitment to capital return.

Book Value Improvement

Book value per common share increased by 8.8% year-over-year to $64.56, while the adjusted measure excluding accumulated other comprehensive income grew by 4.4% to $77.39, underlining the company’s strengthened financial position.

Segment Insights

Within its U.S. segment, varied performance was observed; for instance, the group disability and group life lines demonstrated mixed results with changes in premium income and adjusted operating earnings. These dynamics highlight ongoing shifts within individual business lines as Unum Group continues to evolve its market strategy.