Unum Stock Price, News & Analysis

Unum Group reported Q1 2025 results with net income of $189.1 million ($1.06 per share), down from $395.2 million in Q1 2024. After-tax adjusted operating income was $365.5 million ($2.04 per share). Key highlights include:

• Premium growth of 4.2% in core operations
• Strong balance sheet with $2.2 billion holding company liquidity
• Book value per share grew 19.5% to $63.78
• Risk-based capital ratio of 460%

Segment performance showed mixed results: Unum US reported a 14.6% decrease in operating income to $329.1 million, while Colonial Life saw a 1.8% increase to $115.7 million. Unum International improved by 3.5% to $38.7 million. The company maintained strong capital management, repurchasing 3.3 million shares for $202.6 million during Q1 2025.

Unum Group (NYSE: UNM) has been recognized as a 2025 Business Ethics Leadership Alliance (BELA) Community Champion by Ethisphere for its outstanding contributions to ethical leadership and compliance culture. The company has also been named one of the World's Most Ethical Companies® for the fifth consecutive year, joining 136 companies across 20 countries and 44 industries.

The recognition highlights Unum's commitment to knowledge sharing, regulatory relationship building, and continuous learning. The evaluation process assessed company culture, environmental and societal impact, ethics and compliance activities, governance, and third-party management practices.

Key factors contributing to Unum's achievement include consistent ethical leadership practices, strong employee conduct standards, a confidential ethics hotline, and robust corporate governance practices.

Unum Group (NYSE: UNM) has announced its latest quarterly dividend payment. The company's Board of Directors has declared a quarterly dividend of $0.420 per share on its common stock. The dividend will be paid on May 16, 2025, to stockholders who are recorded as of April 25, 2025. The dividend declaration was made effective April 10, 2025.

Unum Group (NYSE: UNM) has announced it will release its first quarter 2025 financial results on April 29, 2025, at approximately 4:15 p.m. ET. The company will host a conference call the following day, April 30, at 8:00 a.m. ET, where senior management will discuss quarterly operations results.

The earnings release and financial supplement will be available on the company's investor website. The conference call will include a Q&A segment and may cover forward-looking information such as guidance on future results and operational trends.

Additionally, Unum has scheduled its earnings releases and conference calls for the remainder of 2025:

• Q2: July 29/30
• Q3: November 4/5
• Q4: February 3/4, 2026

Unum Group (NYSE: UNM) has announced a significant reinsurance transaction with Fortitude Re, effective January 1, 2025. The agreement involves ceding $3.4 billion of statutory long-term care (LTC) reserves, representing 19% of total LTC statutory reserves, to Fortitude Reinsurance Company

The deal also includes a quota share of individual disability insurance (IDI) policies, comprising 20% of Unum's total in-force IDI premium (approximately $120 million). Fortitude Re will retrocede biometric risk to a highly rated global reinsurer.

The transaction is expected to generate a $100 million capital benefit, consisting of a $200 million capital impact from the LTC block and a $300 million benefit from the IDI block. Unum will maintain service and administration for the reinsured business. The closing is anticipated during 2025, subject to regulatory approvals and customary conditions.

Fortitude Re has signed a significant reinsurance agreement with Unum Group (NYSE: UNM), set to take effect January 1, 2025. Under the agreement, Unum will cede $3.4 billion of individual long-term care (LTC) statutory reserves and approximately $120 million of multi-life individual disability insurance (IDI) in-force premium to Fortitude Reinsurance Company

The transaction represents 19% of Unum Group's total LTC block and 20% of its in-force IDI premium. Unum will maintain service and administration of the reinsured policies. Notably, Fortitude Re will simultaneously enter into a retrocession agreement to transfer 100% of the LTC and IDI insurance risks to a highly rated global reinsurance partner, retaining only the spread-based risks associated with this business block.

Unum Group (NYSE: UNM) announced its participation in the 46th Annual Raymond James Institutional Investor Conference. President & CEO Rick McKenney and EVP and CFO Steve Zabel will represent the company, delivering a presentation on March 4, 2025, at 4:35 p.m. ET.

The executives will outline the company's business strategy and future growth prospects. Investors and interested parties can access a live audio webcast of the presentation through Unum's investor relations website at www.investors.unum.com in the News and Events section.

Unum Group (NYSE: UNM) has announced a new $1 billion share repurchase program authorized by its board of directors, set to commence on April 1, 2025. The company's current share repurchase program will terminate on March 31, 2025, with any unused amounts expiring on that date.

Management will determine the timing and amount of share repurchases based on market conditions and other factors. The repurchases may be executed through various means, including open market transactions, privately negotiated deals, accelerated share repurchase programs, or preset trading plans under Rule 10b5-1. The board retains the right to suspend, modify, or terminate the program at any time.

Unum Group (NYSE: UNM) has announced its participation in the 2025 UBS Financial Services Conference. President & CEO Rick McKenney will represent the company and deliver a presentation on Monday, February 10, 2025, at 3:30 p.m. ET. During his presentation, McKenney will discuss the company's business strategy and future growth prospects.

Interested parties can access a live audio webcast of the presentation through the Investors section of Unum's website at www.investors.unum.com, specifically on the News and Events page.