Unum Stock Price, News & Analysis

Unum Group (NYSE: UNM) has successfully completed a significant reinsurance transaction with Fortitude Reinsurance Company Ltd. The deal involves Unum America ceding $3.4 billion of individual long-term care (LTC) reserves and approximately $120 million of IDI in-force premium to Fortitude Re on a coinsurance basis.

The transaction encompasses 19% of Unum's total LTC block and a quota share of IDI policies representing 20% of Unum's total in-force IDI premium. The deal is expected to generate an approximate $100 million capital benefit. Fortitude Re will retrocede biometric risk to a highly rated global reinsurer, while Unum will continue to handle service and administration for the reinsured business.

Unum Group (NYSE: UNM) has completed a significant reinsurance transaction with Fortitude Reinsurance Company Ltd. (FRL), a subsidiary of Fortitude Re. The agreement, initially announced on February 27, 2025, became effective January 1, 2025.

Under the terms of 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 FRL. This represents 19% of Unum's total LTC block and 20% of its in-force IDI premium.

While Unum will continue to service and administer the reinsured policies, FRL has arranged to retrocede 100% of the LTC and IDI insurance risks to a highly rated global reinsurance partner, retaining only the underlying spread-based risks associated with this business block.

Unum Group (NYSE: UNM) has announced a significant dividend increase for its shareholders. The company's board of directors has approved a 10% increase in the quarterly dividend on its common stock. The new dividend rate will be 46 cents per share quarterly, or $1.84 per share annually. This increased dividend is expected to take effect with the payment scheduled for the third quarter of 2025.

Unum Group (NYSE: UNM) has appointed Shelia Anderson as Executive Vice President and Chief Information and Digital Officer. Anderson, who will report to CEO Rick McKenney, will lead the company's digital transformation initiatives focused on developing innovative technology solutions. Prior to joining Unum, she served as EVP and CIO at Aflac and held senior technology leadership positions at Liberty Mutual, USAA, Hewlett-Packard, and Electronic Data Systems.

Anderson brings extensive experience in cloud computing, AI, and data analytics, particularly in claims processing. She holds a bachelor's degree in computer science from Louisiana Tech University and a master's in engineering management from SMU. Her notable recognitions include being a 2025 CIO 100 Hall of Fame inductee and a 2024 Top 100 Women in Fintech honoree.

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.