Unum Group (NYSE: UNM) posts Q2 2026 results and $750M YTD capital return

Rhea-AI Filing Summary

Unum Group reported second-quarter 2026 net income of $256.9 million ($1.61 per diluted share), compared with $335.6 million ($1.92) a year earlier. Excluding investment losses, Closed Block results, strategic actions and related tax effects, after-tax adjusted operating income was $346.0 million ($2.16 per share) versus $360.2 million ($2.06).

Total revenue was $3.37 billion, including premium income of $2.82 billion. Unum US segment adjusted operating income increased to $329.6 million, and Colonial Life rose to $131.4 million, while Unum International declined to $24.3 million and the Closed Block loss widened to $75.4 million. Core operating segments generated a 21.4 percent adjusted operating return on equity, and traditional U.S. life insurers produced $330.9 million of statutory operating earnings.

Capital return remained sizable, with approximately $200 million of Q2 share repurchases and $73.5 million of dividends, bringing year‑to‑date capital return to about $750 million. Book value per share was $68.28, or $80.10 excluding AOCI, both up from a year earlier. The company reiterated plans to close a long‑term care reinsurance transaction in the second half of 2026 and provided a full‑year 2026 outlook for after-tax adjusted operating income of $8.60 to $8.90 per share.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net Income: $256.9 million After-tax Adjusted Operating Income: $346.0 million After-tax Adjusted Operating Income per Share: $2.16 +5 more

8 metrics

Net Income $256.9 million Three months ended June 30, 2026

After-tax Adjusted Operating Income $346.0 million Three months ended June 30, 2026

After-tax Adjusted Operating Income per Share $2.16 Three months ended June 30, 2026

Premium Income $2,817.8 million Three months ended June 30, 2026

Adjusted Operating Return on Equity 21.4% Core operating segments, three months ended June 30, 2026

Share Repurchases Cost $202.1 million Cost of shares repurchased, three months ended June 30, 2026

Book Value per Common Share (ex‑AOCI) $80.10 As of June 30, 2026

Risk-based Capital Ratio ~480% Weighted average for traditional U.S. life insurance companies at June 30, 2026

Key Terms

after-tax adjusted operating income, segment adjusted operating income, risk-based capital ratio, Closed Block segment, +2 more

6 terms

after-tax adjusted operating income financial

"Excluding the items above, after-tax adjusted operating income was $346.0 million..."

Net profit from a company’s regular business activities after taxes, calculated by starting with operating income and removing one-time items, non-operating gains or losses, and other adjustments that obscure ongoing performance. Investors use it like a homeowner checking monthly take-home pay after taxes and excluding unusual windfalls or repairs: it shows the sustainable earnings power available for reinvestment, dividends, or debt service.

segment adjusted operating income financial

"We measure and analyze our segment performance on the basis of segment adjusted operating income..."

Segment adjusted operating income is the profit a specific part of a business generates from its core activities after removing one-time items, unusual charges, or accounting quirks that can distort results. Investors use it to see how a particular division is really performing, like checking a player’s game stats after ignoring fluke plays, so they can compare divisions and track true operating trends over time.

risk-based capital ratio financial

"weighted average risk-based capital ratio of approximately 480 percent, well above target levels."

A risk-based capital ratio compares a financial firm's capital (the cushion of money it can lose without collapsing) to its assets after those assets are scaled up or down based on how risky they are. Think of it like measuring how strong a boat's lifeboats are relative to how stormy the water is—higher ratios mean a bigger safety buffer. Investors use it to judge a bank or insurer's ability to survive losses and to predict regulatory pressure or limits on dividends and growth.

Closed Block segment financial

"The Closed Block segment reported a segment adjusted operating loss of $75.4 million..."

coinsurance agreement financial

"execution of a coinsurance agreement (reinsurance agreement) during July 2025."

reinsurance recoverable financial

"Reinsurance recoverable of $3,620.5 million comprised of ceded reserves..."

Earnings Snapshot

Net income: $256.9 million · Guidance included

Three months ended June 30, 2026

Net income $256.9 million versus $335.6 million in the second quarter of 2025

Net income per diluted share $1.61 versus $1.92 in the second quarter of 2025

After-tax adjusted operating income $346.0 million versus $360.2 million in the second quarter of 2025

After-tax adjusted operating income per share $2.16 versus $2.06 in the second quarter of 2025

Premium income $2,817.8 million versus $2,748.0 million in the second quarter of 2025

Adjusted operating return on equity (core segments) 21.4% versus 20.9% in the second quarter of 2025

Guidance

Full-year 2026 outlook for after-tax adjusted operating income per share of $8.60 to $8.90, representing growth of approximately 8 percent to 12 percent when comparing to the redefined full-year 2025 result of $7.93 per share.

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Available on EDGAR 07/28/2026 - 04:24 PM Accepted by SEC EDGAR 07/28/2026 - 04:23 PM Learn about SEC filing dates

FAQ

What were Unum Group (UNM) net income and EPS for Q2 2026?

Unum Group reported Q2 2026 net income of $256.9 million, or $1.61 per diluted share. This compares with net income of $335.6 million, or $1.92 per diluted share, in the second quarter of 2025, based on similar share-count methodology.

How did Unum Group (UNM) after-tax adjusted operating income perform in Q2 2026?

After-tax adjusted operating income was $346.0 million ($2.16 per share) in Q2 2026. This measure excludes investment losses, Closed Block results, reserve updates and strategic actions, and compares with $360.2 million ($2.06 per share) in the second quarter of 2025.

How did Unum Group (UNM) key business segments perform in Q2 2026?

Unum US generated $329.6 million of segment adjusted operating income, and Colonial Life delivered $131.4 million. Unum International produced $24.3 million, while the Closed Block segment reported a segment adjusted operating loss of $75.4 million for the quarter.

What capital did Unum Group (UNM) return to shareholders in 2026 so far?

In Q2 2026 Unum returned about $200 million via share repurchases and $73.5 million in dividends. Year‑to‑date, management cited roughly $600 million of buybacks and $150 million of dividends, for an estimated $750 million of total capital return.

What is Unum Group (UNM)'s earnings outlook for full-year 2026?

The company issued a full-year 2026 outlook of $8.60 to $8.90 in after-tax adjusted operating income per share. This range implies approximately 8 to 12 percent growth versus the redefined full-year 2025 after-tax adjusted operating income of $7.93 per share.

What were Unum Group (UNM)'s book value and capital ratios at June 30, 2026?

Book value per common share was $68.28, and book value per share excluding AOCI was $80.10. Traditional U.S. life insurers reported a weighted average risk-based capital ratio of about 480 percent and holding company liquidity of $1,536.5 million at June 30, 2026.

0000005513FALSE00000055132026-07-282026-07-280000005513exch:XNYSus-gaap:CommonClassAMember2026-07-282026-07-280000005513exch:XNYSunm:A6250JuniorSubordinatedNotesDue2058Member2026-07-282026-07-28

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 28, 2026

UNUM GROUP

(Exact name of registrant as specified in its charter)

Delaware

001-11294

62-1598430

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1 Fountain Square

Chattanooga, Tennessee 37402

(Address of principal executive offices) (Zip Code)

(423) 294-1011

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $0.10 par value

UNM

New York Stock Exchange

6.250% Junior Subordinated Notes due 2058

UNMA

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02    Results of Operations and Financial Condition.

On July 28, 2026, Unum Group (the "Company") issued a news release reporting its results for the second quarter of 2026, a copy of which is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

Also on July 28, 2026, the Company posted on its website at www.unum.com the Statistical Supplement relating to its financial results for the second quarter of 2026. A copy of the Statistical Supplement is furnished herewith as Exhibit 99.2 and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.						Description
99.1						News release of Unum Group dated July 28, 2026, concerning earnings for the second quarter of 2026.
99.2						Statistical Supplement of Unum Group for the second quarter of 2026.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			Unum Group
			(Registrant)
Date: July 28, 2026			By:			/s/ J. Paul Jullienne
						Name:			J. Paul Jullienne
						Title:			Vice President, Managing Counsel, and
									Corporate Secretary

Exhibit 99.1

1 Fountain Square Chattanooga, TN 37402 www.unum.com

FOR IMMEDIATE RELEASE

Contacts

MEDIA

Emily Downing-Baer edowning@unum.com

INVESTORS

Matt Royal investorrelations@unum.com

Unum Group Reports Second Quarter 2026 Results

•Net income of $256.9 million ($1.61 per diluted common share) for the second quarter of 2026; after-tax adjusted operating income was $346.0 million ($2.16 per diluted common share).

•Sustained core operations top-line trends, with 3.6 percent premium growth on a constant currency basis; strong core operations margins, including 21.4 percent adjusted operating return on equity, and solid traditional U.S. life insurance company statutory operating earnings of $330.9 million.

•Robust capital return in the quarter with approximately $200 million of shares repurchased, and $73.5 million of common stock dividends, bringing year-to-date capital return to approximately $750 million.

•Strong balance sheet with holding company liquidity of $1.5 billion and weighted average risk-based capital ratio of approximately 480 percent, well above target levels.

•Book value per common share of $68.28 grew 3.8 percent over the year-ago quarter; book value per common share excluding accumulated other comprehensive income (AOCI) of $80.10 grew 3.2 percent over the year-ago quarter.

CHATTANOOGA, Tenn. (July 28, 2026) - Unum Group (NYSE: UNM) today reported net income of $256.9 million ($1.61 per diluted common share) for the second quarter of 2026, compared to net income of $335.6 million ($1.92 per diluted common share) for the second quarter of 2025.

Included in net income for the second quarter of 2026 is a before-tax net investment loss on the Company’s investment portfolio of $5.2 million, strategic actions impact of $30.7 million before tax, and the Closed Block segment before-tax adjusted operating loss of $75.4 million, as well as the tax benefit on these items of $22.2 million. Included in net income for the second quarter of 2025 is a before-tax net investment loss on the Company’s investment portfolio of $17.7 million and the Closed Block segment before-tax adjusted operating loss of $10.8 million, as well as the tax benefit on these items of $3.9 million. Excluding the items above, after-tax adjusted operating income was $346.0 million ($2.16 per diluted common share) in the second quarter of 2026, compared to $360.2 million ($2.06 per diluted common share) in the second quarter of 2025.

We applied updates throughout this document which reflects changes to prior year reported information to align to current year presentation. See "Non-GAAP Financial Measures" beginning on page 4 for more information regarding this update.

“We delivered another solid performance in the second quarter across multiple dimensions,” said Richard P. McKenney, president and chief executive officer. “Our top-line saw steady growth in premiums with increasing sales and good retention, while operating margins remain healthy in our core operations. We remain on track to close the recently announced long-term care reinsurance transaction in the second half of the year, further improving the risk profile of the Closed Block. The strong cashflow profile of our businesses have allowed us to return substantial capital to shareholders with year-to-date share repurchases of $600 million and dividends of $150 million. Our diversified employee benefits business model and strong capital position enable us to stay focused on executing our strategy and delivering long-term value for shareholders."

RESULTS BY SEGMENT

We measure and analyze our segment performance on the basis of "segment adjusted operating income" or "segment adjusted operating loss", which differ from income before income tax as presented in our consolidated statements of income due to the exclusion of investment gains or losses, reserve assumption updates, and certain other items as specified in the reconciliations below. Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, impairment losses, and gains or losses on derivatives. Reserve assumption updates may result in increases or decreases to earnings. These performance measures are in accordance with U.S. generally accepted accounting principles (GAAP) guidance for segment reporting, but they should not be viewed as a substitute for income before income tax, net income, or net loss. 

Unum US Segment

Unum US reported an increase of 3.6 percent in segment adjusted operating income to $329.6 million in the second quarter of 2026, compared to $318.2 million in the second quarter of 2025. Premium income increased 3.3 percent to $1,858.2 million in the second quarter of 2026, compared to $1,798.6 million in the second quarter of 2025. Net investment income increased 0.5 percent to $155.8 million in the second quarter of 2026, compared to the $155.1 million in the second quarter of 2025. Sales increased 7.4 percent to $281.8 million in the second quarter of 2026, compared to $262.4 million in the second quarter of 2025.

Within the Unum US operating segment, the group disability line of business reported a 17.4 percent decrease in segment adjusted operating income to $103.1 million in the second quarter of 2026, compared to $124.8 million in the second quarter of 2025. Premium income for the group disability line of business was $827.5 million in the second quarter of 2026, which increased compared to $797.1 million in the second quarter of 2025, due primarily to sales and higher persistency, partially offset by the expected run off in medical stop-loss premium. Net investment income was $74.5 million in the second quarters of both 2025 and 2026. The benefit ratio for the second quarter of 2026 was 65.8 percent, compared to 62.2 percent in the second quarter of 2025, due to higher incidence in the short-term disability product line, primarily related to our paid family and medical leave products. Also contributing to the higher benefit ratio in the second quarter of 2026 compared to the second quarter of 2025 were prior period pricing actions. Persistency in the group long-term disability product line was 91.1 percent for the first half of 2026, compared to 90.6 percent for the first half of 2025. Persistency in the group short-term disability product line was 91.1 percent for the first half of 2026, compared to 88.2 percent for the first half of 2025.

The group life and accidental death and dismemberment line of business reported a 32.8 percent increase in segment adjusted operating income to $93.2 million in the second quarter of 2026, compared to $70.2 million in the second quarter of 2025. Premium income for this line of business increased 6.6 percent to $553.5 million in the second quarter of 2026, compared to the $519.2 million in the second quarter of 2025, due to sales and higher persistency. Net investment income increased 10.4 percent to $23.3 million in the second quarter of 2026, compared to $21.1 million in the second quarter of 2025, due to an increase in the allocation of net investment income on corporate owned excess assets. The benefit ratio in the second quarter of 2026 was 66.0 percent, compared to 69.7 percent in the second quarter of 2025, due to lower claim incidence in the group life and accidental death and dismemberment product lines, partially offset by higher average claim size in the accidental death and dismemberment product line. Persistency in the group life product line was 92.2 percent for the first half of 2026, compared to 89.7 percent for the first half of 2025. Persistency in the accidental death and dismemberment product line was 92.0 percent for the first half of 2026, compared to 88.3 percent for the first half of 2025.

The supplemental and voluntary line of business reported an increase of 8.2 percent in segment adjusted operating income to $133.3 million in the second quarter of 2026, compared to $123.2 million in the second quarter of 2025. Premium income for the supplemental and voluntary line of business decreased 1.1 percent to $477.2 million in the second quarter of 2026, compared to $482.3 million in the second quarter of 2025, due primarily to the impact of ceding a portion of the individual disability product line as a part of the 2025 Fortitude Re reinsurance transaction, partially offset by sales in all product lines. Net investment income was $58.0 million in the second quarter of 2026, which was generally consistent compared to $59.5 million in the second quarter of 2025. The benefit ratio was 47.4 percent in the second quarter of 2026, compared to 48.5 percent in the second quarter of 2025, primarily due to lower incidence in the individual disability product line, partially offset by higher incidence in the voluntary benefits product line. Persistency in the voluntary benefits product line was 76.0 percent for the first half of 2026, compared to 76.4

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percent for the first half of 2025. Persistency in the individual disability product line was 87.8 percent for the first half of 2026, compared to 88.0 percent for the first half of 2025. Persistency in the dental and vision product line was 78.9 percent for the first half of 2026, compared to 82.4 percent for the first half of 2025.

Unum International Segment

The Unum International segment reported segment adjusted operating income of $24.3 million in the second quarter of 2026, a decrease of 41.6 percent from $41.6 million in the second quarter of 2025. Premium income increased 6.7 percent to $289.3 million in the second quarter of 2026, compared to $271.1 million in the second quarter of 2025. Net investment income decreased 8.7 percent to $42.2 million in the second quarter of 2026, compared to $46.2 million in the second quarter of 2025. Sales decreased 19.4 percent to $52.4 million in the second quarter of 2026, compared to $65.0 million in the second quarter of 2025.

The Unum UK line of business reported segment adjusted operating income, in local currency, of £15.3 million in the second quarter of 2026, a decrease of 48.0 percent from £29.4 million in the second quarter of 2025. Premium income was £175.5 million in the second quarter of 2026, an increase of 5.2 percent from £166.9 million in the second quarter of 2025, due primarily to in-force block growth in the group life and supplemental product lines. Net investment income was £28.6 million in the second quarter of 2026, a decrease of 10.3 percent from £31.9 million in the second quarter of 2025, due to lower income from inflation index-linked bonds. The benefit ratio was 82.2 percent in the second quarter of 2026, compared to 75.0 percent in the second quarter of 2025, due primarily to higher average claim size in the group long-term disability product line. Sales decreased 14.9 percent to £32.6 million in the second quarter of 2026, compared to £38.3 million in the second quarter of 2025. Persistency in the group long-term disability product line was 90.4 percent for the first half of 2026, compared to 92.3 percent for the first half of 2025. Persistency in the group life product line was 87.1 percent for the first half of 2026, compared to 89.9 percent for the first half of 2025. Persistency in the supplemental product line was 92.8 percent for the first half of 2026, compared to 93.0 percent for the first half of 2025.

Colonial Life Segment

Colonial Life reported segment adjusted operating income of $131.4 million in the second quarter of 2026, an 11.9 percent increase compared to $117.4 million in the second quarter of 2025. Premium income increased 3.3 percent to $477.4 million in the second quarter of 2026, compared to $462.1 million in the second quarter of 2025, due to prior period sales. Net investment income increased 17.6 percent to $50.1 million in the second quarter of 2026, compared to $42.6 million in the second quarter of 2025, due to higher miscellaneous income, an increase in the allocation of net investment income from our corporate owned excess assets, and an increase in the yield on invested assets. The benefit ratio was 46.7 percent in the second quarter of 2026, compared to 48.3 percent in the second quarter of 2025, primarily due to claims experience in the life and cancer and critical illness product lines. Sales increased 6.0 percent to $134.1 million in the second quarter of 2026, compared to $126.5 million in the second quarter of 2025. Persistency in the Colonial Life segment was 78.2 percent for the first half of 2026, compared to 78.5 percent in 2025.

Corporate Segment

The Corporate segment reported a segment adjusted operating loss of $44.5 million in the second quarter of 2026, which excludes the strategic actions impact of $30.7 million, an increase compared to a segment adjusted operating loss of $31.7 million in the second quarter of 2025, due primarily to lower net investment income, which was driven by a decrease in miscellaneous investment income.

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Closed Block Segment

The Closed Block segment reported a segment adjusted operating loss of $75.4 million in the second quarter of 2026, an increase compared to segment adjusted operating loss of $10.8 million in the second quarter of 2025, driven primarily by lower net investment income and the amortization of the cost of reinsurance related to the 2025 Fortitude Re reinsurance transaction. As a result of benefits experience during the second quarter of 2026, the net premium ratio increased to 97.8 percent from 97.6 percent as of March 31, 2026. Results also reflect robust protections at our Fairwind entity, measured by statutory reserves and excess capital above our best estimate reserves, at approximately $2.2 billion, and continued risk management actions including approximately 15 percent achievement of our current premium rate approval program.

OTHER INFORMATION

Shares Outstanding

The Company’s weighted average number of shares outstanding, assuming dilution, was 160.0 million for the second quarter of 2026, compared to 174.4 million for the second quarter of 2025. Shares outstanding totaled 158.3 million at June 30, 2026. During the second quarter of 2026, the Company repurchased 2.5 million shares at a total cost of $202.1 million.

Capital Management

At June 30, 2026, the weighted average risk-based capital ratio for the Company’s traditional U.S. insurance companies was approximately 480 percent, and the holding companies had available holding company liquidity of $1,536.5 million.

Book Value

Book value per common share as of June 30, 2026 was $68.28, compared to $65.76 at June 30, 2025. Book value per common share excluding AOCI as of June 30, 2026 was $80.10, compared to $77.62 at June 30, 2025.

Effective Income Tax Rate

The effective income tax rate used to determine after-tax adjusted operating income was 21.5 percent in the second quarter of 2026. The effective income tax rate used to determine after-tax adjusted operating income was 19.1 percent in the second quarter of 2025, which differed from the U.S. statutory tax rate of 21 percent primarily due to tax credits.

Outlook

Full-year 2026 outlook for after-tax adjusted operating income per share of $8.60 to $8.90 which represents growth of approximately 8 percent to 12 percent when comparing to our redefined full-year 2025 result of $7.93 per share.

NON-GAAP FINANCIAL MEASURES

We analyze our performance using non-GAAP financial measures which exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.  We believe the following non-GAAP financial measures are better performance measures and better indicators of the revenue and profitability and underlying trends in our business:

•After-tax adjusted operating income or loss, which excludes investment gains or losses, Closed Block segment after-tax adjusted operating income or loss, reserve assumption updates, and certain other items;

•Book value per common share, which is calculated excluding AOCI;

•Premium income in constant currency, which excludes the impact of fluctuations in exchange rates between the U.S. dollar and the local currencies in which our Unum International segment is conducted. Given volatility in foreign

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currency exchange markets, exchange rates can fluctuate between periods. We believe translating prior period results using current period local currency exchange rates provides a more comparable view of our results; and

•Adjusted operating return on equity, which is calculated using our core operating segments' after-tax segment adjusted operating income or loss and our core operating segments' equity adjusted to exclude the unrealized gain or loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net gain or loss on derivatives.

•After-tax segment adjusted operating income or loss, which excludes investment gains or losses and reserve assumption updates, as well as certain other items, as applicable.

We measure and analyze our segment performance on the basis of "segment adjusted operating revenue" and "segment adjusted operating income" or "segment adjusted operating loss", which differ from total revenue and income before income tax as presented in our consolidated statements of income due to the following items:

•Segment adjusted operating income or loss, which excludes investment gains or losses and reserve assumption updates, as well as certain other items, as applicable.

Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, impairment losses, and gains or losses on derivatives. Investment gains or losses and unrealized gains or losses on securities depend on market conditions and do not necessarily relate to decisions regarding the underlying business of our Company. We believe after-tax adjusted operating income is a better performance measure and better indicator of the profitability and underlying trends in our business. Book value per common share excluding AOCI provides a more comparable and consistent view of our results, as AOCI tends to fluctuate depending on market conditions and general economic trends.

We have completed reinsurance transactions to exit significant portions of our Closed Block businesses and we are no longer accepting new enrollments on existing group long-term care policies. As a result of these actions and the continued run-off of the Closed Block business, Closed Block segment earnings are less relevant to our financial results and as such, we exclude the results of the Closed Block segment from after-tax adjusted operating income. As part of this update, we also determined that it is no longer necessary to adjust after-tax adjusted operating income to exclude the amortization of the cost of reinsurance, the amortization of the deferred gain on reinsurance, and the impact of non-contemporaneous reinsurance, because the majority of these items are included in Closed Block segment results. Prior period financial information has been adjusted to conform to this updated presentation.

Cash flow assumptions used to calculate our liability for future policy benefits are reviewed at least annually and updated, as needed, with the resulting impact reflected in net income. While the effects of these assumption updates are recorded in the reporting period in which the review is completed, these updates reflect experience emergence and changes to expectations spanning multiple periods. We believe that by excluding the impact of reserve assumption updates we are providing a more comparable and consistent view of our results.

We may at other times exclude certain other items from our discussion of financial ratios and metrics in order to enhance the understanding and comparability of our operational performance and the underlying fundamentals, but this exclusion is not an indication that similar items may not recur and does not replace net income or net loss as a measure of our overall profitability.

CONFERENCE CALL INFORMATION

Members of Unum Group senior management will host a conference call on Wednesday, July 29, 2026, at 8:00 am (Eastern Time) to discuss the results of operations for the second quarter of 2026. Topics may include forward-looking information, such as the Company’s outlook on future results, trends in operations, and other material information.

To receive dial in information for the call, please register in advance by using the following URL:

https://registrations.events/direct/Q4I330796029. Upon registration you will receive a dial-in number to use to access the event. It is recommended that you register at least 10 minutes before the start of the event. In addition, a live webcast of the call will also be available at www.investors.unum.com in a listen-only mode. It is recommended that

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webcast viewers access the “Investors” section of the Company’s website and opt-in to the webcast approximately 5-10 minutes prior to the start of the call. A replay of the webcast will be available on the Company's website. A replay of the call will also be available through Wednesday, August 5, 2026 by using the registration URL noted above.

In conjunction with today’s earnings announcement, the Company’s Statistical Supplement for the second quarter of 2026 is available on the “Investors” section of the Company’s website.

# # #

ABOUT UNUM GROUP

Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2025, Unum Group reported revenues of $13.1 billion and paid $8.3 billion in benefits. The Fortune 500 company is recognized as one of the World’s Most Ethical Companies by Ethisphere®.

Visit the Unum Group newsroom (https://www.unumgroup.com/newsroom) for more information, and connect with us on LinkedIn (https://www.linkedin.com/company/unum), Facebook (https://www.facebook.com/unumbenefits/), and Instagram (https://www.instagram.com/unumbenefits/).

6

SAFE HARBOR STATEMENT

Certain information in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those not based on historical information, but rather relate to our outlook, future operations, strategies, financial results, or other developments and speak only as of the date made. These forward-looking statements, including statements about anticipated after-tax adjusted operating income per share, are subject to numerous assumptions, risks, and uncertainties, many of which are beyond our control. The following factors, in addition to other factors mentioned from time to time, may cause actual results to differ materially from those contemplated by the forward-looking statements: (1) fluctuation in insurance reserve liabilities, claim payments, and pricing due to changes in claim incidence, recovery rates, mortality and morbidity rates, and policy benefit offsets due to, among other factors, the rate of unemployment and consumer confidence, the emergence of new diseases, epidemics, or pandemics, new trends and developments in medical treatments, the effectiveness of our claims operational processes, and changes in governmental programs; (2) sustained periods of low interest rates; (3) unfavorable economic or business conditions, both domestic and foreign, that may result in decreases in sales, premiums, or persistency, as well as unfavorable claims activity or unfavorable returns on our investment portfolio; (4) changes in, or interpretations or enforcement of, laws and regulations; (5) a cybersecurity attack or other security breach resulting in compromised data or the unauthorized acquisition of confidential data; (6) the failure of our business recovery and incident management processes to resume our business operations in the event of a natural catastrophe, cybersecurity attack, or other event; (7) increased competition from other insurers and financial services companies due to industry consolidation, new entrants to our markets, or other factors; (8) investment results, including, but not limited to, changes in interest rates, defaults, changes in credit spreads, impairments, and the lack of appropriate investments in the market which can be acquired to match our liabilities; (9) ineffectiveness of our derivatives hedging programs due to changes in forecasted cash flows, the economic environment, counterparty risk, ratings downgrades, capital market volatility, collateral requirements, changes in interest rates, and/or regulation; (10) our ability to develop digital capabilities or execute on our technology systems upgrades or replacements; (11) our use of artificial intelligence technology, as well as changes in artificial intelligence laws and regulations; (12) the impact of pandemics and other public health issues on our business, financial position, results of operations, liquidity and capital resources, and overall business operations; (13) changes in our financial strength and credit ratings; (14) the ability of our reinsurers to meet their obligations to us and availability of reinsurance in the market; (15) our ability to hire and retain qualified employees; (16) disruptions to our business or our ability to access data caused by the use and reliance on third party vendors, including vendors providing web and cloud-based applications; (17) ability to generate sufficient internal liquidity and/or obtain external financing; (18) damage to our reputation due to, among other factors, regulatory investigations, legal proceedings, social issues, third-party vendors, external events, and/or cyber or other information security incidents; (19) recoverability and/or realization of the carrying value of our intangible assets, long-lived assets, and deferred tax assets; (20) effectiveness of our risk management program; (21) contingencies and the level and results of litigation; (22) fluctuation in foreign currency exchange rates; and (23) our ability to meet sustainability standards and expectations of investors, regulators, customers, and other stakeholders.

For further discussion of risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Part 1, Item 1A “Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2025. The forward-looking statements in this news release are being made as of the date of this news release, and we expressly disclaim any obligation to update or revise any forward-looking statement contained herein, even if made available on our website or otherwise.

7

Unum Group

FINANCIAL HIGHLIGHTS

(Unaudited)

($ in millions, except share data)
			Three Months Ended June 30												Six Months Ended June 30
			2026						2025						2026						2025
Revenue
Premium Income			$	2,817.8					$	2,748.0					$	5,611.8					$	5,450.9
Net Investment Income			478.4						560.7						961.8						1,073.9
Net Investment Loss			(5.2)						(17.7)						(10.2)						(224.5)
Other Income			79.0						70.4						161.8						152.7
Total Revenue			3,370.0						3,361.4						6,725.2						6,453.0
Benefits and Expenses
Policy Benefits Including Remeasurement Loss (Gain)			2,001.2						1,976.1						4,005.2						3,847.1
Commissions			364.3						343.5						732.8						686.7
Interest and Debt Expense			53.3						52.0						106.4						104.0
Deferral of Acquisition Costs			(187.4)						(174.9)						(378.0)						(347.5)
Amortization of Deferred Acquisition Costs			135.4						132.2						269.6						257.6
Other Expenses			673.7						615.5						1,357.0						1,244.5
Total Benefits and Expenses			3,040.5						2,944.4						6,093.0						5,792.4
Income Before Income Tax			329.5						417.0						632.2						660.6
Income Tax Expense			72.6						81.4						143.3						135.9
Net Income			$	256.9					$	335.6					$	488.9					$	524.7
PER SHARE INFORMATION
Net Income Per Common Share
Basic			$	1.61					$	1.93					$	3.02					$	2.98
Assuming Dilution			$	1.61					$	1.92					$	3.01					$	2.97
Weighted Average Common Shares - Basic (000s)			159,660.2						174,110.9						161,848.1						176,142.6
Weighted Average Common Shares - Assuming Dilution (000s)			160,024.1						174,431.9						162,192.9						176,598.6
Outstanding Shares - (000s)															158,304.1						172,138.4

8

Reconciliation of Non-GAAP Financial Measures

			Three Months Ended June 30												Six Months Ended June 30
			2026						2025						2026						2025
			(in millions of dollars, except per share data)
Net Income			$	256.9					$	335.6					$	488.9					$	524.7
Excluding Before-Tax Reconciling Items:
Net Investment Loss
Net Investment Loss Related to the 2025 Fortitude Re Reinsurance Transaction			—						(8.5)						—						(184.4)
Net Investment Loss, Other			(5.2)						(9.2)						(10.2)						(40.1)
Total Net Investment Loss			(5.2)						(17.7)						(10.2)						(224.5)
Closed Block Segment After-Tax Adjusted Operating Loss			(75.4)						(10.8)						(220.7)						(2.8)
Strategic Actions			(30.7)						—						(30.7)						—
Total Before Tax Reconciling Items			(111.3)						(28.5)						(261.6)						(227.3)
Income Tax Benefit on Reconciling Items1			(22.2)						(3.9)						(52.0)						(43.0)
After-tax Adjusted Operating Income			$	346.0					$	360.2					$	698.5					$	709.0
After-Tax Adjusted Operating Income per share			2.16						2.06						4.31						4.01
1 The income tax benefit on reconciling items represents the aggregate tax impact of the reconciling items presented above. The tax effects are calculated discretely using applicable statutory tax rates for the jurisdictions in which the underlying adjustments occur. The effective tax rate on reconciling items may differ from the Company’s consolidated effective tax rate.

			June 30
			2026												2025
			(in millions)						per share						(in millions)						per share
Total Stockholders' Equity (Book Value)			$	10,809.5					$	68.28					$	11,320.0					$	65.76
Excluding:
Net Unrealized Loss on Securities			(2,292.8)						(14.49)						(2,253.7)						(13.09)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits			1,174.5						7.42						1,058.9						6.15
Net Loss on Derivatives			(279.2)						(1.76)						(285.0)						(1.66)
Subtotal			12,207.0						77.11						12,799.8						74.36
Excluding:
Foreign Currency Translation Adjustment			(266.7)						(1.69)						(220.7)						(1.28)
Subtotal			12,473.7						78.80						13,020.5						75.64
Excluding:
Unrecognized Pension and Postretirement Benefit Costs			(205.8)						(1.30)						(340.2)						(1.98)
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Loss			$	12,679.5					$	80.10					$	13,360.7					$	77.62

9

						Three Months Ended
						June 30, 2026						June 30, 2025
						Premium Income						Premium Income in Local Currency1						Weighted Average Premium Income Exchange Rate2						Premium Income in Constant Currency
Unum International
Unum UK									$	235.5											£	166.9								1.342						$	224.0
Unum Poland						53.8						zł	180.9					0.273						49.4
Total						289.3																		273.4
Unum US						1,858.2						$	1,798.6											1,798.6
Colonial Life						477.4						$	462.1											462.1
Core Operations						$	2,624.9																	$	2,534.1

1Premium income shown in millions of pounds for Unum UK, millions of zlotys for Unum Poland, and millions of U.S. dollars for Unum US and Colonial Life.

2Exchange rate is calculated using the average foreign currency exchange rates for the most recent period, applied to the comparable prior period.

						After-Tax Segment Adjusted Operating Income (Loss)						Average Allocated Equity1						Annualized Adjusted Operating Return on Equity
Three Months Ended June 30, 2026
Unum US									$	261.0											$	4,293.3					24.3		%
Unum International						21.0						788.5						10.7		%
Colonial Life						104.0						2,141.9						19.4		%
Core Operating Segments						386.0						7,223.7						21.4		%
Corporate						(40.0)						1,493.9
Closed Block						(61.2)						3,491.8
Total						$	284.8					$	12,209.4

1 Excludes unrealized loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net loss on derivatives and is calculated using the stockholders' equity balances presented below.

			Three Months Ended June 30
			2026
			(in millions)
Net Income			$	256.9
Excluding Before-Tax Reconciling Items:
Net Investment Loss			(5.2)
Strategic Actions			(30.7)
Total Before Tax Reconciling Items			(35.9)
Income Tax Benefit on Reconciling Items1			(8.0)
After-tax Segment Adjusted Operating Income			$	284.8
1 The income tax benefit on reconciling items represents the aggregate tax impact of the reconciling items presented above. The tax effects are calculated discretely using applicable statutory tax rates for the jurisdictions in which the underlying adjustments occur. The effective tax rate on reconciling items may differ from the Company’s consolidated effective tax rate.

10

						6/30/2026						3/31/2026
Total Stockholders' Equity						$	10,809.5					$	10,892.4
Excluding:
Net Unrealized Loss on Securities						(2,292.8)						(2,432.3)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits						1,174.5						1,395.1
Net Loss on Derivatives						(279.2)						(282.1)
Total Adjusted Stockholders' Equity						$	12,207.0					$	12,211.7
						Three Months Ended
						6/30/2026
Average Adjusted Stockholders' Equity						$	12,209.4

			Three Months Ended June 30
			2026						2025
			(in millions of dollars)
Income Before Income Tax			$	329.5					$	417.0
Excluding:
Net Investment Loss
Net Investment Loss Related to the 2025 Fortitude Re Reinsurance Transaction			—						(8.5)
Net Investment Loss, Other			(5.2)						(9.2)
Total Net Investment Loss			(5.2)						(17.7)
Strategic Actions			(30.7)						—
Segment Adjusted Operating Income			$	365.4					$	434.7

11

Unum Group

Statistical Supplement Second Quarter 2026

TABLE OF CONTENTS

(in millions of dollars, except share data and where noted)

Interim Results are Unaudited

						Page
			Financial Highlights			1
			Capital Metrics			2
			Ratings			3
			Consolidated Statements of Income			4
			Sales Data by Segment			5
			Consolidated Balance Sheets			6
			Financial Results by Segment			7
			Quarterly Historical Financial Results by Segment			8
			Financial Results and Selected Statistics by Segment
			Unum US			9
			Unum International			10
			Colonial Life			11
			Closed Block			12
			Corporate			13
			Investments			14
			Appendix to Statistical Supplement			15
			See "Appendix to Statistical Supplement" on page 15 for a summary of significant items and page 15.3 for a reconciliation of our non-GAAP financial measures.
			N.M. = not a meaningful percentage

Unum Group Financial Highlights

We applied updates to prior year reported information throughout this document to align to current year presentation. See "Appendix to the Statistical Supplement" beginning on page 15 for more information regarding this update.

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Consolidated U.S. GAAP Results¹
Premium Income			$	2,817.8					$	2,748.0					$	5,611.8					$	5,450.9					$	10,831.0					$	10,497.4
Segment Adjusted Operating Revenue			$	3,391.5					$	3,379.1					$	6,751.7					$	6,677.5					$	13,182.1					$	12,921.9
Net Investment Loss			(5.2)						(17.7)						(10.2)						(224.5)						(106.6)						(34.6)
Strategic Actions			$	(16.3)					—						(16.3)						—						—						—
Total Revenue			$	3,370.0					$	3,361.4					$	6,725.2					$	6,453.0					$	13,075.5					$	12,887.3
Net Income			$	256.9					$	335.6					$	488.9					$	524.7					$	738.5					$	1,779.1
Net Income Per Common Share:
Basic			$	1.61					$	1.93					$	3.02					$	2.98					$	4.28					$	9.49
Assuming Dilution			$	1.61					$	1.92					$	3.01					$	2.97					$	4.27					$	9.46
Assets															$	63,485.2					$	62,843.8					$	63,519.4					$	61,959.3
Liabilities															$	52,675.7					$	51,523.8					$	52,400.3					$	50,998.2
Stockholders' Equity															$	10,809.5					$	11,320.0					$	11,119.1					$	10,961.1
Adjusted Stockholders' Equity															$	12,207.0					$	12,799.8					$	12,471.1					$	12,801.6
Adjusted Operating Return on Equity
Unum US			24.3		%				22.5		%				24.5		%				22.6		%				22.8		%				25.2		%
Unum International			10.7		%				17.4		%				11.3		%				16.1		%				14.8		%				15.6		%
Colonial Life			19.4		%				18.6		%				19.4		%				18.7		%				18.2		%				19.7		%
Core Operating Segments			21.4		%				20.9		%				21.6		%				20.9		%				20.6		%				22.7		%

Traditional U.S. Life Insurance Companies' Statutory Results2
Net Gain from Operations, After Tax			$	330.9					$	291.8					$	644.9					$	781.6					$	652.5					$	1,337.0
Net Realized Capital Loss, After Tax			(2.9)						(28.1)						(3.4)						(66.6)						(18.5)						(14.6)
Net Income			$	328.0					$	263.7					$	641.5					$	715.0					$	634.0					$	1,322.4
Capital and Surplus															$	4,286.0					$	4,414.1					$	3,770.6					$	3,909.7
Weighted Average Risk-based Capital Ratio															~ 480%						~ 485%						~ 440%						~ 430%

1 Generally Accepted Accounting Principles

2 Our traditional U.S. life insurance companies are Provident Life and Accident Insurance Company, Unum Life Insurance Company of America, The Paul Revere Life Insurance Company, Colonial Life & Accident Insurance Company, Provident Life and Casualty Insurance Company, First Unum Life Insurance Company, Unum Insurance Company, and Starmount Life Insurance Company.

1

Unum Group Capital Metrics

			6/30/2026												6/30/2025												12/31/2025												12/31/2024
			(in millions)						per share						(in millions)						per share						(in millions)						per share						(in millions)						per share
Total Stockholders' Equity (Book Value)			$	10,809.5					$	68.28					$	11,320					$	65.76					$	11,119.1					$	67.11					$	10,961.1					$	61.38
Excluding:
Net Unrealized Loss on Securities			(2,292.8)						(14.49)						(2,253.7)						(13.09)						(2,003.1)						(12.09)						(2,755.2)						(15.43)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits			1,174.5						7.42						1,058.9						6.15						929.9						5.61						1,185.4						6.64
Net Loss on Derivatives			(279.2)						(1.76)						(285.0)						(1.66)						(278.8)						(1.68)						(270.7)						(1.51)
Subtotal			12,207.0						77.11						12,799.8						74.36						12,471.1						75.27						12,801.6						71.68
Excluding:
Foreign Currency Translation Adjustment			(266.7)						(1.69)						(220.7)						(1.28)						(245.6)						(1.48)						(343.0)						(1.93)
Subtotal			12,473.7						78.80						13,020.5						75.64						12,716.7						76.75						13,144.6						73.61
Excluding:
Unrecognized Pension and Postretirement Benefit Costs			(205.8)						(1.30)						(340.2)						(1.98)						(210.9)						(1.27)						(340.2)						(1.90)
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Loss			$	12,679.5					$	80.10					$	13,360.7					$	77.62					$	12,927.6					$	78.02					$	13,484.8					$	75.51
Dividends Paid			$	151.9					$	0.920					$	151.5					$	0.84					$	307.2					$	1.76					$	296.6					$	1.57

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Shares Repurchased (millions)1			2.5						3.8						7.9						7.1						13.6						15.7
Cost of Shares Repurchased (millions)2			$	202.1					$	303.3					$	604.5					$	505.9					$	1,011.7					$	979.3
Stock Price (UNM closing price on last trading day of period)															$	89.40					$	80.76					$	77.50					$	73.03
Leverage Ratio															23.9		%				23.0		%				23.6		%				22.9		%
Holding Company Liquidity (millions)															$	1,537					$	1,956					$	2,344					$	1,987

1For the six months ended June 30, 2025, and for the year ended December 31, 2025, 0.7 million shares were included related to the settlement of the November 2024 accelerated share repurchase agreement (ASR) which occurred in February 2025.

2Includes commissions of $0.2 million and $0.3 million for the three and six months ended June 30, 2026, respectively, $0.4 million and $0.9 million for the three and six months ended June 30, 2025, respectively, $1.9 million for the year ended December 31, 2025, and a de minimis amount for the year ended December 31, 2024. There was excise tax of $2.0 million and $5.7 million for the three and six months ended June 30, 2026, respectively, $2.9 million and $5.0 million for the three and six months ended June 30, 2025, respectively, and $9.8 million and $8.3 million for the years ended December 31, 2025 and 2024, respectively. Also included for the year ended December 31, 2024 is $80.3 million related to shares which settled in February 2025 in connection with the November 2024 ASR agreement.

2

Unum Group Ratings

AM Best

Fitch

Moody's

S&P

Outlook

Stable

Stable

Stable

Stable

Senior Unsecured Debt Ratings

bbb+

BBB

Baa2

BBB

Financial Strength Ratings

Provident Life and Accident Insurance Company

A

A

A2

A

Unum Life Insurance Company of America

A

A

A2

A

First Unum Life Insurance Company

A

A

A2

A

Colonial Life & Accident Insurance Company

A

A

A2

A

The Paul Revere Life Insurance Company

A

A

A2

A

Unum Insurance Company

A

A

A2

NR

Provident Life and Casualty Insurance Company

A

A

NR

NR

Starmount Life Insurance Company

A

NR

NR

NR

Unum Limited

NR

NR

NR

A-

NR = not rated

3

Unum Group Consolidated Statements of Income

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Revenue
Premium Income			$	2,817.8					$	2,748.0					$	5,611.8					$	5,450.9					$	10,831.0					$	10,497.4
Net Investment Income			478.4						560.7						961.8						1,073.9						2,032.7						2,130.0
Net Investment Loss			(5.2)						(17.7)						(10.2)						(224.5)						(106.6)						(34.6)
Other Income			79.0						70.4						161.8						152.7						318.4						294.5
Total Revenue			3,370.0						3,361.4						6,725.2						6,453.0						13,075.5						12,887.3
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			2,001.2						1,976.1						4,005.2						3,847.1						8,065.3						6,917.9
Commissions			364.3						343.5						732.8						686.7						1,355.3						1,258.6
Interest and Debt Expense			53.3						52.0						106.4						104.0						208.8						201.1
Deferral of Acquisition Costs			(187.4)						(174.9)						(378.0)						(347.5)						(697.1)						(651.5)
Amortization of Deferred Acquisition Costs			135.4						132.2						269.6						257.6						527.1						521.0
Other Expenses			673.7						615.5						1,357.0						1,244.5						2,682.6						2,388.9
Total Benefits and Expenses			3,040.5						2,944.4						6,093.0						5,792.4						12,142.0						10,636.0
Income Before Income Tax			329.5						417.0						632.2						660.6						933.5						2,251.3
Income Tax Expense			72.6						81.4						143.3						135.9						195.0						472.2
Net Income			$	256.9					$	335.6					$	488.9					$	524.7					$	738.5					$	1,779.1
Weighted Average Shares Outstanding
Basic			159.7						174.1						161.8						176.1						172.5						187.5
Assuming Dilution			160.0						174.4						162.2						176.6						172.9						188.1
Actual Number of Shares Outstanding															158.3						172.1						165.7						178.6

4

Unum Group Sales Data for Unum US Segment

			Three Months Ended																		Six Months Ended																		Year Ended
			6/30/2026						6/30/2025						% Change						6/30/2026						6/30/2025						% Change						12/31/2025						12/31/2024
Sales by Market Sector
Group Disability and Group Life and AD&D
Core Market (< 2,000 employees)			$	101.7					$	95.2					6.8		%				$	195.2					$	166.1					17.5		%				$	527.8					$	512.6
Large Case Market			67.5						66.4						1.7						119.8						114.9						4.3						351.5						363.7
Subtotal			169.2						161.6						4.7						315.0						281.0						12.1						879.3						876.3
Supplemental and Voluntary			112.6						100.8						11.7						301.9						258.9						16.6						479.6						490.7
Total Sales			$	281.8					$	262.4					7.4						$	616.9					$	539.9					14.3						$	1,358.9					$	1,367.0

5

Unum Group Sales Data for Unum International Segment

			Three Months Ended																		Six Months Ended																		Year Ended
(in millions of dollars)			6/30/2026						6/30/2025						% Change						6/30/2026						6/30/2025						% Change						12/31/2025						12/31/2024
Sales by Market Sector
Unum UK
Group Long-term Disability and Group Life
Core Market (< 500 employees)			$	10.0					$	13.5					(25.9)		%				$	20.2					$	24.7					(18.2)		%				$	48.2					$	41.8
Large Case Market			24.9						25.5						(2.4)						36.6						32.3						13.3						70.0						73.8
Subtotal			34.9						39.0						(10.5)						56.8						57.0						(0.4)						118.2						115.6
Supplemental			8.8						11.9						(26.1)						20.0						20.6						(2.9)						32.8						34.9
Unum Poland			8.7						14.1						(38.3)						17.7						24.3						(27.2)						46.2						36.4
Total Sales			$	52.4					$	65.0					(19.4)						$	94.5					$	101.9					(7.3)						$	197.2					$	186.9
Unum UK Sales by Market Sector
Group Long-term Disability and Group Life
Core Market (< 500 employees)			£	7.5					£	10.1					(25.7)		%				£	15.1					£	19.0					(20.5)		%				£	36.6					£	32.8
Large Case Market			18.6						19.3						(3.6)						27.2						24.7						10.1						52.8						57.8
Subtotal			26.1						29.4						(11.2)						42.3						43.7						(3.2)						89.4						90.6
Supplemental			6.5						8.9						(27.0)						14.8						15.9						(6.9)						25.0						27.5
Total Sales			£	32.6					£	38.3					(14.9)						£	57.1					£	59.6					(4.2)						£	114.4					£	118.1

5. 1

Unum Group Sales Data for Colonial Life Segment

			Three Months Ended																		Six Months Ended																		Year Ended
			6/30/2026						6/30/2025						% Change						6/30/2026						6/30/2025						% Change						12/31/2025						12/31/2024
Sales by Market Sector
Commercial Sector
Core Market (< 1,000 employees)			$	82.1					$	79.3					3.5		%				$	152.6					$	149.1					2.3		%				$	343.5					$	331.9
Large Case Market			18.4						14.3						28.7						28.2						23.6						19.5						71.8						65.1
Subtotal			100.5						93.6						7.4						180.8						172.7						4.7						415.3						397.0
Public Sector			33.6						32.9						2.1						59.6						59.1						0.8						145.0						135.2
Total Sales			$	134.1					$	126.5					6.0						$	240.4					$	231.8					3.7						$	560.3					$	532.2

5. 2

Unum Group Consolidated Balance Sheets

			June 30						December 31
			2026						2025
Assets
Investments
Fixed Maturity Securities - at fair value			$	34,443.6					$	33,056.6
Mortgage Loans			2,071.7						2,109.5
Policy Loans			3,681.7						3,668.1
Other Long-term Investments			1,628.8						1,670.4
Short-term Investments			1,875.2						3,016.2
Total Investments			43,701.0						43,520.8
Other Assets
Cash and Bank Deposits			199.2						158.2
Accounts and Premiums Receivable			1,630.0						1,429.8
Reinsurance Recoverable			11,091.3						11,574.6
Accrued Investment Income			681.1						596.0
Deferred Acquisition Costs			3,025.4						2,920.3
Goodwill			353.0						353.9
Property and Equipment			506.1						503.7
Deferred Income Tax			48.4						79.5
Other Assets			2,249.7						2,382.6
Total Assets			$	63,485.2					$	63,519.4

6

Unum Group Consolidated Balance Sheets - Continued

			June 30						December 31
			2026						2025
Liabilities and Stockholders' Equity
Liabilities
Future Policy Benefits			$	37,610.7					$	38,017.0
Policyholders' Account Balances			5,980.5						5,636.4
Unearned Premiums			572.0						412.8
Other Policyholders’ Funds			1,469.5						1,479.7
Income Tax Payable			101.8						52.2
Deferred Income Tax			37.4						38.8
Long-term Debt			3,763.8						3,767.6
Other Liabilities			3,140.0						2,995.8
Total Liabilities			52,675.7						52,400.3
Stockholders’ Equity
Common Stock			19.6						19.6
Additional Paid-in Capital			1,612.4						1,593.0
Accumulated Other Comprehensive Loss			(1,870.0)						(1,808.5)
Retained Earnings			13,682.3						13,345.3
Treasury Stock - at cost			(2,634.8)						(2,030.3)
Total Stockholders’ Equity			10,809.5						11,119.1
Total Liabilities and Stockholders’ Equity			$	63,485.2					$	63,519.4

6. 1

Unum Group Balance Sheets by Segment - June 30, 2026

			Unum US
			Group Disability						Group Life and Accidental Death & Dismemberment						Supplemental and Voluntary						Total Unum US						Unum International						Colonial Life						Closed Block						Corporate						Consolidated
Assets
Investments			$	5,534.5					$	1,829.9					$	4,313.7					$	11,678.1					$	3,129.4					$	3,577.0					$	20,824.7					$	4,491.8					$	43,701.0
Deferred Acquisition Costs			69.3						63.3						1,117.8						1,250.4						79.0						1,696.0						—						—						3,025.4
Goodwill			10.1						—						271.1						281.2						44.1						27.7						—						—						353.0
Reinsurance Recoverable			24.8						12.4						406.6						443.8						154.5						5.2						10,487.8						—						11,091.3
All Other			407.7						341.4						92.6						841.7						320.6						69.7						1,248.7						2,833.8						5,314.5
Total Assets			$	6,046.4					$	2,247.0					$	6,201.8					$	14,495.2					$	3,727.6					$	5,375.6					$	32,561.2					$	7,325.6					$	63,485.2
Liabilities
Future Policy Benefits			$	4,502.9					$	772.8					$	3,066.3					$	8,342.0					$	2,359.8					$	2,060.9					$	24,848.0					$	—					$	37,610.7
Policyholders' Account Balances			—						—						656.4						656.4						—						854.6						4,092.5						377.0						5,980.5
Unearned Premiums			2.9						5.9						53.3						62.1						344.8						47.5						117.6						—						572.0
Other Policyholders' Funds			39.7						776.8						31.1						847.6						63.8						13.4						544.7						—						1,469.5
Debt			—						—						—						—						—						—						—						3,763.8						3,763.8
All Other			43.0						25.0						198.5						266.5						196.0						71.9						531.1						2,213.7						3,279.2
Total Liabilities			4,588.5						1,580.5						4,005.6						10,174.6						2,964.4						3,048.3						30,133.9						6,354.5						52,675.7
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity			1,426.1						724.2						2,165.6						4,315.9						723.8						2,149.8						3,496.1						1,521.4						12,207.0
Net Unrealized Loss on Securities and Net Loss on Derivatives			(154.0)						(76.6)						(167.5)						(398.1)						(113.0)						(96.4)						(1,414.2)						(550.3)						(2,572.0)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits			185.8						18.9						198.1						402.8						152.4						273.9						345.4						—						1,174.5
Total Allocated Stockholders' Equity			1,457.9						666.5						2,196.2						4,320.6						763.2						2,327.3						2,427.3						971.1						10,809.5
Total Liabilities and Allocated Stockholders' Equity			$	6,046.4					$	2,247.0					$	6,201.8					$	14,495.2					$	3,727.6					$	5,375.6					$	32,561.2					$	7,325.6					$	63,485.2

Allocated stockholders' equity is determined on the basis of an internal allocation formula that reflects the volume and risk components of the business and aligns with our target capital levels for regulatory and rating agency purposes. We modify this formula periodically to recognize changes in the views of capital requirements.

6. 2

Unum Group Balance Sheets by Segment - December 31, 2025

			Unum US
			Group Disability						Group Life and Accidental Death & Dismemberment						Supplemental and Voluntary						Total Unum US						Unum International						Colonial Life						Closed Block						Corporate						Consolidated
Assets
Investments			$	5,685.7					$	1,827.5					$	4,314.6					$	11,827.8					$	3,183.2					$	3,420.8					$	21,459.4					$	3,629.6					$	43,520.8
Deferred Acquisition Costs			63.6						57.6						1,087.5						1,208.7						72.1						1,639.5						—						—						2,920.3
Goodwill			10.1						—						271.1						281.2						45.0						27.7						—						—						353.9
Reinsurance Recoverable			26.2						7.6						410.1						443.9						93.3						4.6						11,032.8						—						11,574.6
All Other			386.5						326.9						160.3						873.7						254.4						197.3						1,395.6						2,428.8						5,149.8
Total Assets			$	6,172.1					$	2,219.6					$	6,243.6					$	14,635.3					$	3,648.0					$	5,289.9					$	33,887.8					$	6,058.4					$	63,519.4
Liabilities
Future Policy Benefits			$	4,591.6					$	802.4					$	3,099.4					$	8,493.4					$	2,404.3					$	2,032.0					$	25,087.3					$	—					$	38,017.0
Policyholders' Account Balances			—						—						665.7						665.7						—						858.9						4,111.8						—						5,636.4
Unearned Premiums			1.3						5.7						41.7						48.7						201.5						46.9						115.7						—						412.8
Other Policyholders' Funds			26.1						769.6						33.0						828.7						78.3						8.8						563.9						—						1,479.7
Debt			—						—						—						—						—						—						—						3,767.6						3,767.6
All Other			36.3						27.2						209.2						272.7						125.6						71.1						594.4						2,023.0						3,086.8
Total Liabilities			4,655.3						1,604.9						4,049.0						10,309.2						2,809.7						3,017.7						30,473.1						5,790.6						52,400.3
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity			1,473.7						666.6						2,165.0						4,305.3						822.4						2,083.1						4,495.2						765.1						12,471.1
Net Unrealized Loss on Securities and Net Loss on Derivatives			(106.3)						(67.0)						(141.6)						(314.9)						(115.0)						(72.1)						(1,282.6)						(497.3)						(2,281.9)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits			149.4						15.1						171.2						335.7						130.9						261.2						202.1						—						929.9
Total Allocated Stockholders' Equity			1,516.8						614.7						2,194.6						4,326.1						838.3						2,272.2						3,414.7						267.8						11,119.1
Total Liabilities and Allocated Stockholders' Equity			$	6,172.1					$	2,219.6					$	6,243.6					$	14,635.3					$	3,648.0					$	5,289.9					$	33,887.8					$	6,058.4					$	63,519.4

6. 3

Unum Group Financial Results by Segment

We measure and analyze our segment performance on the basis of "segment adjusted operating revenue" and "segment adjusted operating income" or "segment adjusted operating loss", which differ from total revenue and income before income tax as presented in our consolidated statements of income due to the exclusion of investment gains or losses, reserve assumption updates and certain other items as specified in the following pages. Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, impairment losses, and gains or losses on derivatives. These performance measures are in accordance with GAAP guidance for segment reporting, but they should not be viewed as a substitute for total revenue, income before income tax, or net income.

			Three Months Ended																		Six Months Ended
			6/30/2026						6/30/2025						% Change						6/30/2026						6/30/2025						% Change
Premium Income
Unum US			$	1,858.2					$	1,798.6					3.3		%				$	3,698.7					$	3,579.5					3.3		%
Unum International			289.3						271.1						6.7						576.0						517.8						11.2
Colonial Life			477.4						462.1						3.3						950.1						919.4						3.3
Closed Block			192.9						216.2						(10.8)						387.0						434.2						(10.9)
			2,817.8						2,748.0						2.5						5,611.8						5,450.9						3.0
Net Investment Income
Unum US			155.8						155.1						0.5						314.1						304.0						3.3
Unum International			42.2						46.2						(8.7)						71.8						74.7						(3.9)
Colonial Life			50.1						42.6						17.6						96.9						84.8						14.3
Closed Block			226.1						284.5						(20.5)						455.2						554.2						(17.9)
Corporate			20.5						32.3						(36.5)						40.1						56.2						(28.6)
			494.7						560.7						(11.8)						978.1						1,073.9						(8.9)
Other Income
Unum US			65.9						58.0						13.6						132.7						129.9						2.2
Unum International			2.7						0.3						N.M.						6.0						0.4						N.M.
Colonial Life			0.4						0.3						33.3						1.1						0.7						57.1
Closed Block			9.6						12.1						(20.7)						20.9						22.0						(5.0)
Corporate			0.4						(0.3)						N.M.						1.1						(0.3)						N.M.
			79.0						70.4						12.2						161.8						152.7						6.0
Total Segment Adjusted Operating Revenue
Unum US			2,079.9						2,011.7						3.4						4,145.5						4,013.4						3.3
Unum International			334.2						317.6						5.2						653.8						592.9						10.3
Colonial Life			527.9						505.0						4.5						1,048.1						1,004.9						4.3
Closed Block			428.6						512.8						(16.4)						863.1						1,010.4						(14.6)
Corporate			20.9						32.0						(34.7)						41.2						55.9						(26.3)
			$	3,391.5					$	3,379.1					0.4						$	6,751.7					$	6,677.5					1.1

7

Unum Group Financial Results by Segment - Continued

			Three Months Ended																		Six Months Ended
			6/30/2026						6/30/2025						% Change						6/30/2026						6/30/2025						% Change
Adjusted Benefits and Expenses
Unum US			$	1,750.3					$	1,693.5					3.4		%				$	3,478.0					$	3,366.1					3.3		%
Unum International			309.9						276.0						12.3						598.6						512.6						16.8
Colonial Life			396.5						387.6						2.3						788.9						771.8						2.2
Closed Block			504.0						523.6						(3.7)						1,083.8						1,013.2						7.0
Corporate			65.4						63.7						2.7						129.3						128.7						0.5
			3,026.1						2,944.4						2.8						6,078.6						5,792.4						4.9
Segment Adjusted Operating Income (Loss)
Unum US			329.6						318.2						3.6						667.5						647.3						3.1
Unum International			24.3						41.6						(41.6)						55.2						80.3						(31.3)
Colonial Life			131.4						117.4						11.9						259.2						233.1						11.2
Closed Block			(75.4)						(10.8)						N.M.						(220.7)						(2.8)						N.M.
Corporate			(44.5)						(31.7)						40.4						(88.1)						(72.8)						21.0
			$	365.4					$	434.7					(15.9)						$	673.1					$	885.1					(24.0)

7. 1

Unum Group Quarterly Historical Financial Results by Segment

			6/30/2026						3/31/2026						12/31/2025						9/30/2025						6/30/2025						3/31/2025
Premium Income
Unum US			$	1,858.2					$	1,840.5					$	1,748.6					$	1,755.4					$	1,798.6					$	1,780.9
Unum International			289.3						286.7						283.9						281.1						271.1						246.7
Colonial Life			477.4						472.7						463.2						456.5						462.1						457.3
Closed Block			192.9						194.1						196.4						195.0						216.2						218.0
			2,817.8						2,794.0						2,692.1						2,688.0						2,748.0						2,702.9
Adjusted Net Investment Income
Unum US			155.8						158.3						148.3						151.9						155.1						148.9
Unum International			42.2						29.6						34.7						36.2						46.2						28.5
Colonial Life			50.1						46.8						43.5						44.3						42.6						42.2
Closed Block			226.1						229.1						237.6						224.7						284.5						269.7
Corporate			20.5						19.6						17.9						19.7						32.3						23.9
			494.7						483.4						482.0						476.8						560.7						513.2
Other Income
Unum US			65.9						66.8						63.4						65.5						58.0						71.9
Unum International			2.7						3.3						4.4						2.9						0.3						0.1
Colonial Life			0.4						0.7						0.3						0.6						0.3						0.4
Closed Block			9.6						11.3						11.6						16.3						12.1						9.9
Corporate			0.4						0.7						0.4						0.3						(0.3)						—
			79.0						82.8						80.1						85.6						70.4						82.3
Total Segment Adjusted Operating Revenue
Unum US			2,079.9						2,065.6						1,960.3						1,972.8						2,011.7						2,001.7
Unum International			334.2						319.6						323.0						320.2						317.6						275.3
Colonial Life			527.9						520.2						507.0						501.4						505.0						499.9
Closed Block			428.6						434.5						445.6						436.0						512.8						497.6
Corporate			20.9						20.3						18.3						20.0						32.0						23.9
			$	3,391.5					$	3,360.2					$	3,254.2					$	3,250.4					$	3,379.1					$	3,298.4

8

Unum Group Quarterly Historical Financial Results by Segment - Continued

			6/30/2026						3/31/2026						12/31/2025						9/30/2025						6/30/2025						3/31/2025
Adjusted Benefits and Expenses
Unum US			$	1,750.3					$	1,727.7					$	1,666.8					$	1,633.7					$	1,693.5					$	1,672.6
Unum International			309.9						288.7						289.8						281.4						276.0						236.6
Colonial Life			396.5						392.4						393.1						384.8						387.6						384.2
Closed Block			504.0						579.8						482.8						477.8						523.6						489.6
Corporate			65.4						63.9						69.4						67.7						63.7						65.0
			3,026.1						3,052.5						2,901.9						2,845.4						2,944.4						2,848.0
Segment Adjusted Operating Income (Loss)
Unum US			329.6						337.9						293.5						339.1						318.2						329.1
Unum International			24.3						30.9						33.2						38.8						41.6						38.7
Colonial Life			131.4						127.8						113.9						116.6						117.4						115.7
Closed Block			(75.4)						(145.3)						(37.2)						(41.8)						(10.8)						8.0
Corporate			(44.5)						(43.6)						(51.1)						(47.7)						(31.7)						(41.1)
			$	365.4					$	307.7					$	352.3					$	405.0					$	434.7					$	450.4

8. 1

Unum Group Financial Results for Unum US Segment

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income			$	1,858.2					$	1,798.6					$	3,698.7					$	3,579.5					$	7,083.5					$	6,883.2
Net Investment Income			155.8						155.1						314.1						304.0						604.2						632.2
Other Income			65.9						58.0						132.7						129.9						258.8						235.9
Total			2,079.9						2,011.7						4,145.5						4,013.4						7,946.5						7,751.3
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Gain or Loss			1,136.0						1,092.2						2,231.3						2,155.4						4,268.1						4,008.3
Commissions			213.7						203.8						433.1						409.4						794.9						729.3
Deferral of Acquisition Costs			(89.7)						(85.7)						(181.3)						(170.4)						(331.7)						(320.9)
Amortization of Deferred Acquisition Costs			70.9						71.6						139.6						136.8						283.3						292.5
Other Expenses			419.4						411.6						855.3						834.9						1,652.0						1,602.9
Total			1,750.3						1,693.5						3,478.0						3,366.1						6,666.6						6,312.1
Segment Adjusted Operating Income			329.6						318.2						667.5						647.3						1,279.9						1,439.2
Reserve Assumption Updates			—						—						—						—						147.7						143.6
Income Before Income Tax and Net Investment Gains and Losses			$	329.6					$	318.2					$	667.5					$	647.3					$	1,427.6					$	1,582.8
Operating Ratios (% of Premium Income):
Benefit Ratio1			61.1		%				60.7		%				60.3		%				60.2		%				60.3		%				58.2		%
Other Expense Ratio2			21.9		%				22.2		%				22.4		%				22.6		%				22.6		%				22.5		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025 and 2024.
2Ratio of Other Expenses to Premium Income plus Unum US Group Disability Other Income, which is primarily related to fee-based services.

9

Unum Group Financial Results for Unum US Group Disability

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income
Group Long-term Disability			$	495.3					$	507.8					$	994.1					$	1,012.3					$	2,011.1					$	2,086.1
Group Short-term Disability			332.2						289.3						642.9						567.6						1,138.4						1,084.0
Total Premium Income			827.5						797.1						1,637.0						1,579.9						3,149.5						3,170.1
Net Investment Income			74.5						74.5						150.5						148.5						296.0						311.2
Other Income			60.1						56.6						121.0						112.6						228.6						232.1
Total			962.1						928.2						1,908.5						1,841.0						3,674.1						3,713.4
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Loss or Gain			544.5						496.1						1,060.2						979.8						1,964.3						1,871.8
Commissions			68.8						63.9						138.6						128.9						250.1						244.4
Deferral of Acquisition Costs			(17.7)						(16.2)						(34.0)						(32.3)						(60.7)						(62.2)
Amortization of Deferred Acquisition Costs			14.4						15.7						28.3						26.1						58.2						64.7
Other Expenses			249.0						243.9						505.7						494.5						982.4						973.5
Total			859.0						803.4						1,698.8						1,597.0						3,194.3						3,092.2
Segment Adjusted Operating Income			103.1						124.8						209.7						244.0						479.8						621.2
Reserve Assumption Updates			—						—						—						—						105.8						90.0
Income Before Income Tax and Net Investment Gains and Losses			$	103.1					$	124.8					$	209.7					$	244.0					$	585.6					$	711.2
Operating Ratios (% of Premium Income):
Benefit Ratio1			65.8		%				62.2		%				64.8		%				62.0		%				62.4		%				59.0		%
Other Expense Ratio2			28.1		%				28.6		%				28.8		%				29.2		%				29.1		%				28.6		%
Persistency:
Group Long-term Disability															91.1		%				90.6		%				91.1		%				93.3		%
Group Short-term Disability															91.1		%				88.2		%				88.9		%				91.7		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025 and 2024.
2Ratio of Other Expenses to Premium Income plus Other Income, which is primarily related to fee-based services.

9. 1

Unum Group Financial Results for Unum US Group Life and Accidental Death & Dismemberment

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income
Group Life			$	499.7					$	470.0					$	995.1					$	936.2					$	1,871.1					$	1,784.7
Accidental Death & Dismemberment			53.8						49.2						106.8						97.4						195.6						186.1
Total Premium Income			553.5						519.2						1,101.9						1,033.6						2,066.7						1,970.8
Net Investment Income			23.3						21.1						46.8						39.3						81.6						88.3
Other Income			0.3						0.4						1.0						0.5						1.2						1.5
Total			577.1						540.7						1,149.7						1,073.4						2,149.5						2,060.6
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Loss or Gain			365.4						362.1						704.1						718.8						1,394.9						1,307.2
Commissions			51.0						47.5						102.1						94.5						186.3						168.0
Deferral of Acquisition Costs			(13.4)						(12.1)						(25.7)						(23.7)						(45.5)						(40.6)
Amortization of Deferred Acquisition Costs			11.3						9.6						20.0						15.7						39.0						38.4
Other Expenses			69.6						63.4						140.9						128.7						255.4						243.0
Total			483.9						470.5						941.4						934.0						1,830.1						1,716.0
Segment Adjusted Operating Income			93.2						70.2						208.3						139.4						319.4						344.6
Reserve Assumption Updates			—						—						—						—						3.1						13.0
Income Before Income Tax and Net Investment Gains and Losses			$	93.2					$	70.2					$	208.3					$	139.4					$	322.5					$	357.6
Operating Ratios (% of Premium Income):
Benefit Ratio1			66.0		%				69.7		%				63.9		%				69.5		%				67.5		%				66.3		%
Other Expense Ratio			12.6		%				12.2		%				12.8		%				12.5		%				12.4		%				12.3		%
Persistency:
Group Life															92.2		%				89.7		%				90.2		%				92.0		%
Accidental Death & Dismemberment															92.0		%				88.3		%				89.1		%				91.2		%
1Excludes the reserve assumption update that occurred during the third quarters of 2025 and 2024.

9. 2

Unum Group Financial Results for Unum US Supplemental and Voluntary

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income
Voluntary Benefits			$	251.7					$	234.5					$	505.5					$	468.6					$	927.4					$	879.2
Individual Disability			142.8						166.7						289.3						335.4						615.1						566.0
Dental and Vision			82.7						81.1						165.0						162.0						324.8						297.1
Total Premium Income			477.2						482.3						959.8						966.0						1,867.3						1,742.3
Net Investment Income			58.0						59.5						116.8						116.2						226.6						232.7
Other Income			5.5						1.0						10.7						16.8						29.0						2.3
Total			540.7						542.8						1,087.3						1,099.0						2,122.9						1,977.3
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Loss or Gain			226.1						234.0						467.0						456.8						908.9						829.3
Commissions			93.9						92.4						192.4						186.0						358.5						316.9
Deferral of Acquisition Costs			(58.6)						(57.4)						(121.6)						(114.4)						(225.5)						(218.1)
Amortization of Deferred Acquisition Costs			45.2						46.3						91.3						95.0						186.1						189.4
Other Expenses			100.8						104.3						208.7						211.7						414.2						386.4
Total			407.4						419.6						837.8						835.1						1,642.2						1,503.9
Segment Adjusted Operating Income			133.3						123.2						249.5						263.9						480.7						473.4
Reserve Assumption Updates - Voluntary Benefits			—						—						—						—						11.1						(12.2)
Reserve Assumption Updates - Individual Disability			—						—						—						—						27.7						52.8
Income Before Income Tax and Net Investment Gains and Losses			$	133.3					$	123.2					$	249.5					$	263.9					$	519.5					$	514.0
Operating Ratios (% of Premium Income):
Benefit Ratio1			47.4		%				48.5		%				48.7		%				47.3		%				48.7		%				47.6		%
Other Expense Ratio			21.1		%				21.6		%				21.7		%				21.9		%				22.2		%				22.2		%
Persistency:
Voluntary Benefits															76.0		%				76.4		%				76.5		%				76.0		%
Individual Disability															87.8		%				88.0		%				87.7		%				89.0		%
Dental and Vision															78.9		%				82.4		%				83.3		%				81.4		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025 and 2024.

9. 3

Unum Group Financial Results for Unum International Segment

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income
Unum UK
Group Long-term Disability			$	107.5					$	107.9					$	212.3					$	208.1					$	427.5					$	418.0
Group Life			77.2						68.1						154.2						129.7						275.7						211.3
Supplemental			50.8						47.0						101.1						88.9						184.2						165.6
Unum Poland			53.8						48.1						108.4						91.1						195.4						154.6
Total Premium Income			289.3						271.1						576.0						517.8						1,082.8						949.5
Net Investment Income			42.2						46.2						71.8						74.7						145.6						128.8
Other Income			2.7						0.3						6.0						0.4						7.7						1.6
Total			334.2						317.6						653.8						592.9						1,236.1						1,079.9
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Loss or Gain			226.7						196.4						430.2						360.5						772.8						649.2
Commissions			29.2						25.1						60.2						47.5						95.7						82.5
Deferral of Acquisition Costs			(7.1)						(5.6)						(16.3)						(10.9)						(22.0)						(17.8)
Amortization of Deferred Acquisition Costs			2.7						2.6						6.1						5.1						10.7						9.5
Other Expenses			58.4						57.5						118.4						110.4						226.6						198.7
Total			309.9						276.0						598.6						512.6						1,083.8						922.1
Segment Adjusted Operating Income			24.3						41.6						55.2						80.3						152.3						157.8
Reserve Assumption Updates			—						—						—						—						5.4						(7.5)
Income Before Income Tax and Net Investment Gains and Losses			$	24.3					$	41.6					$	55.2					$	80.3					$	157.7					$	150.3

10

Unum Group Financial Results for Unum UK

			Three Months Ended												Six Months Ended												Year Ended
(in millions of pounds, except exchange rate)			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income
Group Long-term Disability			£	80.0					£	80.8					£	157.8					£	160.2					£	324.0					£	327.0
Group Life			57.5						50.9						114.6						99.8						208.8						165.1
Supplemental			38.0						35.2						75.2						68.4						139.6						129.5
Total Premium Income			175.5						166.9						347.6						328.4						672.4						621.6
Net Investment Income			28.6						31.9						47.7						52.0						99.4						91.9
Other Income (Loss)			1.5						(0.1)						3.8						—						5.3						0.1
Total			205.6						198.7						399.1						380.4						777.1						713.6
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Loss or Gain			144.2						125.2						269.7						233.6						494.5						433.8
Commissions			14.3						10.7						29.2						20.8						40.6						38.2
Deferral of Acquisition Costs			(2.0)						(0.9)						(5.3)						(2.1)						(3.9)						(3.8)
Amortization of Deferred Acquisition Costs			0.9						1.1						2.5						2.4						4.9						5.2
Other Expenses			32.9						33.2						67.3						66.8						133.5						122.4
Total			190.3						169.3						363.4						321.5						669.6						595.8
Segment Adjusted Operating Income			15.3						29.4						35.7						58.9						107.5						117.8
Reserve Assumption Updates			—						—						—						—						0.7						(6.4)
Income Before Income Tax and Net Investment Gains and Losses			£	15.3					£	29.4					£	35.7					£	58.9					£	108.2					£	111.4
Weighted Average Pound/Dollar Exchange Rate			1.340						1.333						1.342						1.299						1.318						1.278
Operating Ratios (% of Premium Income):
Benefit Ratio1			82.2		%				75.0		%				77.6		%				71.1		%				73.5		%				69.8		%
Other Expense Ratio			18.7		%				19.9		%				19.4		%				20.3		%				19.9		%				19.7		%
Persistency:
Group Long-term Disability															90.4		%				92.3		%				92.3		%				92.0		%
Group Life															87.1		%				89.9		%				90.1		%				89.1		%
Supplemental															92.8		%				93.0		%				93.3		%				90.4		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025 and 2024.

10. 1

Unum Group Financial Results for Colonial Life Segment

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income
Accident, Sickness, and Disability			$	254.5					$	249.1					$	507.3					$	496.2					$	993.5					$	969.5
Life			131.1						122.1						259.4						242.0						483.6						458.0
Cancer and Critical Illness			91.8						90.9						183.4						181.2						362.0						356.4
Total Premium Income			477.4						462.1						950.1						919.4						1,839.1						1,783.9
Net Investment Income			50.1						42.6						96.9						84.8						172.6						161.5
Other Income			0.4						0.3						1.1						0.7						1.6						4.0
Total			527.9						505.0						1,048.1						1,004.9						2,013.3						1,949.4
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Loss or Gain			222.9						223.2						440.2						441.3						885.1						850.7
Commissions			106.9						98.6						209.8						195.9						398.6						378.4
Deferral of Acquisition Costs			(90.6)						(83.6)						(180.4)						(166.2)						(343.4)						(312.8)
Amortization of Deferred Acquisition Costs			61.8						58.0						123.9						115.7						233.1						219.0
Other Expenses			95.5						91.4						195.4						185.1						376.3						347.4
Total			396.5						387.6						788.9						771.8						1,549.7						1,482.7
Segment Adjusted Operating Income			131.4						117.4						259.2						233.1						463.6						466.7
Reserve Assumption Updates			—						—						—						—						8.9						46.0
Income Before Income Tax and Net Investment Gains and Losses			$	131.4					$	117.4					$	259.2					$	233.1					$	472.5					$	512.7
Operating Ratios (% of Premium Income):
Benefit Ratio1			46.7		%				48.3		%				46.3		%				48.0		%				48.1		%				47.7		%
Other Expense Ratio			20.0		%				19.8		%				20.6		%				20.1		%				20.5		%				19.5		%
Persistency:
Accident, Sickness, and Disability															73.9		%				74.2		%				74.1		%				73.7		%
Life															84.2		%				84.1		%				84.2		%				84.4		%
Cancer and Critical Illness															81.2		%				82.5		%				82.1		%				82.2		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025 and 2024.

11

Unum Group Financial Results for Closed Block Segment

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Premium Income
Long-term Care			$	159.4					$	175.9					$	318.8					$	352.1					$	670.8					$	696.1
All Other			33.5						40.3						68.2						82.1						154.8						184.7
Total Premium Income			192.9						216.2						387.0						434.2						825.6						880.8
Net Investment Income			226.1						284.5						455.2						554.2						1,016.5						1,148.9
Other Income			9.6						12.1						20.9						22.0						49.9						51.7
Total			428.6						512.8						863.1						1,010.4						1,892.0						2,081.4
Adjusted Benefits and Expenses
Adjusted Policy Benefits Including Remeasurement Loss or Gain			413.3						464.3						901.2						889.9						1,660.8						1,767.1
Commissions			14.5						16.0						29.7						33.9						66.1						68.4
Other Expenses			76.2						43.3						152.9						89.4						246.9						174.6
Total			504.0						523.6						1,083.8						1,013.2						1,973.8						2,010.1
Segment Adjusted Operating Income (Loss)			(75.4)						(10.8)						(220.7)						(2.8)						(81.8)						71.3
Reserve Assumption Updates - Long-term Care			—						—						—						—						(643.1)						174.1
Reserve Assumption Updates - All Other			—						—						—						—						2.6						1.2
Income (Loss) Before Income Tax and Net Investment Gains and Losses			$	(75.4)					$	(10.8)					$	(220.7)					$	(2.8)					$	(722.3)					$	246.6
Long-term Care Net Premium Ratio1															97.8		%				94.9		%				97.5		%				94.6		%
Operating Ratios (% of Premium Income):
Other Expense Ratio			39.5		%				20.0		%				39.5		%				20.6		%				29.9		%				19.8		%
1Gross of reinsurance.

12

Unum Group Financial Results for Corporate Segment

			Three Months Ended												Six Months Ended												Year Ended
			6/30/2026						6/30/2025						6/30/2026						6/30/2025						12/31/2025						12/31/2024
Segment Adjusted Operating Revenue
Adjusted Net Investment Income			$	20.5					$	32.3					$	40.1					$	56.2					$	93.8					$	58.6
Other Income (Loss)			0.4						(0.3)						1.1						(0.3)						0.4						1.3
Total			20.9						32.0						41.2						55.9						94.2						59.9
Interest Expense, Policy Benefits, and Adjusted Other Expenses			65.4						63.7						129.3						128.7						265.8						251.1
Segment Adjusted Operating Loss			(44.5)						(31.7)						(88.1)						(72.8)						(171.6)						(191.2)
Strategic Actions			(30.7)						—						(30.7)						—						—						—
Settlement Loss on the U.S. Pension Plan Annuity Purchase			—						—						—						—						(103.8)						—
Loss on Legal Settlement			—						—						—						—						—						(15.3)
Accelerated Charitable Contribution			—						—						—						—						(20.0)						—
Loss Before Income Tax and Net Investment Gains and Losses			$	(75.2)					$	(31.7)					$	(118.8)					$	(72.8)					$	(295.4)					$	(206.5)

13

Unum Group Investments

						6/30/2026																		6/30/2026						12/31/2025
Fixed Maturity Securities (Fair Value)																		Selected Statistics
Corporate Bonds						$	28,506.3					82.8		%				Earned Book Yield						4.23		%				4.35		%
Municipal Securities						2,958.5						8.6						Average Duration (in years)						8.30						8.42
Foreign Governments						864.8						2.5
Asset-Backed Securities1						589.1						1.7
Mortgage-Backed Securities						890.4						2.6
United States Government and Agencies						626.7						1.8
Redeemable Preferred Stocks						7.8						—
Total						$	34,443.6					100.0		%
						6/30/2026
Fixed Maturity Securities (Fair Value)
Public						$	28,307.6					82.2		%
Private2						6,136.0						17.8
Total						$	34,443.6					100.0		%
						Amortized Cost						Fair Value
Quality Ratings of Fixed Maturity Securities																		Private Equity Partnerships						6/30/2026						12/31/2025
Aaa						3.7		%				3.7		%				Private Credit Partnerships						$	226.6					$	255.8
Aa						17.4						16.7						Private Equity Partnerships						657.7						651.4
A						34.1						34.6						Real Asset Partnerships						540.8						549.1
Baa						41.2						41.3						Total						$	1,425.1					$	1,456.3
Below Baa						3.6						3.7
Total						100.0		%				100.0		%
																		Non-Current Investments						$	—					$	—

1Includes credit-tranched securities collateralized by loan obligations, auto loans, and other asset types.

2Excludes Rule 144A securities, which are included in Public investments.

14

Unum Group Investments at June 30, 2026

Fixed Maturity Securities - By Industry Classification - Unrealized Gain (Loss)
Classification						Fair Value						Net Unrealized Gain (Loss)						Fair Value with Gross Unrealized Loss						Gross Unrealized Loss						Fair Value with Gross Unrealized Gain						Gross Unrealized Gain
Basic Industry						$	2,096.5					$	(97.3)					$	1,256.0					$	(129.6)					$	840.5					$	32.3
Capital Goods						2,814.8						(105.3)						1,687.4						(161.9)						1,127.4						56.6
Communications						2,003.3						(80.5)						1,054.1						(148.1)						949.2						67.6
Consumer Cyclical						1,239.0						(88.6)						811.3						(104.3)						427.7						15.7
Consumer Non-Cyclical						5,706.2						(445.3)						3,975.2						(536.0)						1,731.0						90.7
Energy						2,167.4						14.0						791.9						(68.5)						1,375.5						82.5
Financial Institutions						4,426.6						(259.1)						3,317.6						(280.1)						1,109.0						21.0
Mortgage/Asset-Backed1						1,479.5						(17.8)						835.8						(24.9)						643.7						7.1
Sovereigns						864.8						(150.0)						599.2						(163.4)						265.6						13.4
Technology						1,570.2						(121.7)						1,264.4						(129.7)						305.8						8.0
Transportation						1,449.3						(103.7)						993.8						(121.7)						455.5						18.0
U.S. Government Agencies and Municipalities						3,585.2						(415.3)						2,424.0						(486.0)						1,161.2						70.7
Public Utilities						5,040.8						(181.3)						2,648.1						(311.1)						2,392.7						129.8
Total						$	34,443.6					$	(2,051.9)					$	21,658.8					$	(2,665.3)					$	12,784.8					$	613.4
Gross Unrealized Loss on Fixed Maturity Securities by Length of Time in Unrealized Loss Position
						Investment-Grade																								Below-Investment-Grade
Category						Fair Value						Gross Unrealized Loss																		Fair Value						Gross Unrealized Loss
Less than 91 days						$	2,493.8					$	(15.1)																	$	179.8					$	(2.3)
91 through 180 days						3,089.2						(52.9)																		117.1						(2.7)
181 through 270 days						1,009.0						(37.2)																		13.7						(1.0)
271 days to 1 year						131.9						(10.9)																		1.4						(0.6)
Greater than 1 year						14,372.9						(2,494.5)																		250.0						(48.1)
Total						$	21,096.8					$	(2,610.6)																	$	562.0					$	(54.7)

1Includes credit-tranched securities collateralized by loan obligations, auto loans, and other asset types.

14.1

Appendix to Statistical Supplement

2026 Significant Items:

•During the second quarter of 2026, we incurred expenses of $30.7 million before tax related to certain strategic actions.

2025 Significant Items:

•In February 2025, Unum Life Insurance Company of America entered into a master transaction agreement with Fortitude Reinsurance Company Ltd. (Fortitude Re) which resulted in the execution of a coinsurance agreement (reinsurance agreement) during July 2025. This reinsurance agreement reinsures a portion of our Closed Block long-term care business and a portion of our Unum US individual disability business on a coinsurance basis to Fortitude Re effective January 2025. Upon closing the transaction in July of 2025, we transferred to Fortitude Re $953.5 million of cash as well as fixed maturity securities with a fair value totaling $3,230.1 million and accrued investment income of $47.1 million. After consideration of the final settlement, the final ceding commission related to this transaction was $442.3 million. As a result of this reinsurance agreement, we recognized the following:

•Net realized investment loss of $46.8 million during the year ended December 31, 2025.

•Reinsurance recoverable of $3,620.5 million comprised of ceded reserves of $3,315.2 million related to the Closed Block long-term care product line and $305.3 million related to the Unum US individual disability product line.

•Cost of reinsurance of $848.2 million related to the Closed Block long-term care product line and a deferred gain on reinsurance related to the Unum US individual disability product line of $145.9 million.

•Write-off of deferred acquisition costs related to the Unum US individual disability product line of $100.3 million which is included as a component of deferred gain on reinsurance.

•Third quarter of 2025 reserve assumption updates resulting in a net reserve increase of $478.5 million before tax.

•During the fourth quarter of 2025, we incurred a loss related to an accelerated charitable contribution of $20.0 million before tax.

•During the fourth quarter of 2025, we incurred a settlement loss of $103.8 million before tax related to a purchase of an annuity contract which transferred a portion of our U.S. qualified defined benefit pension plan obligation to a third party.

2024 Significant Items:

•Third quarter of 2024 reserve assumption updates resulting in a net reserve decrease of $357.4 million before tax.

•During the third quarter of 2024, we incurred a loss of $15.3 million before tax for the settlement of an employment-related matter.

15

Appendix to Statistical Supplement - Continued

Non-GAAP Financial Measures

We analyze our performance using non-GAAP financial measures which exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. We believe the following non-GAAP financial measures are better performance measures and better indicators of the revenue and profitability and underlying trends in our business:

•After-tax adjusted operating income or loss, which excludes investment gains or losses, Closed Block segment adjusted operating income or loss and reserve assumption updates, as well as certain other items, as applicable;

•Adjusted operating return on equity, which is calculated using our core operating segments after-tax segment adjusted operating income or loss and our core operating segments' equity adjusted to exclude the unrealized gain or loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net gain or loss on derivatives;

•After-tax segment adjusted operating income or loss, which excludes investment gains or losses and reserve assumption updates, as well as certain other items, as applicable.

•Leverage ratio, which excludes the unrealized gain or loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net gain or loss on derivatives;

•Book value per common share, which is calculated excluding accumulated other comprehensive income (loss) (AOCI);

•Premium income in constant currency, which excludes the impact of fluctuations in exchange rates between the U.S. dollar and the local currencies in which our Unum International segment is conducted. Given volatility in foreign currency exchange markets, exchange rates can fluctuate between periods. We believe translating prior period results using current period local currency exchange rates provides a more comparable view of our results; and

We measure and analyze our segment performance on the basis of "segment adjusted operating revenue" and "segment adjusted operating income" or "segment adjusted operating loss", which differ from total revenue and income before income tax as presented in our consolidated statements of income due to the following items:

•Segment adjusted operating revenue, which excludes investment gains or losses;

•Segment adjusted operating income or loss, which excludes investment gains or losses and reserve assumption updates, as well as certain other items, as applicable.

Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, impairment losses, and gains or losses on derivatives. Investment gains or losses and unrealized gains or losses on securities depend on market conditions and do not necessarily relate to decisions regarding the underlying business of our Company. Leverage ratio and book value per common share excluding certain components of AOCI, certain of which tend to fluctuate depending on market conditions and general economic trends, are important measures.

We have completed reinsurance transactions to exit significant portions of our Closed Block businesses and we are no longer accepting new enrollments on existing group long-term care policies. As a result of these actions and the continued run-off of the Closed Block business, Closed Block segment earnings are less relevant to our financial results and as such, we exclude the results of the Closed Block segment from after-tax adjusted operating income. As part of this update, we also determined that it is no longer necessary to adjust after-tax adjusted operating income to exclude the amortization of the cost of reinsurance, the amortization of the deferred gain on reinsurance, and the impact of non-contemporaneous reinsurance, because the majority of these items are included in Closed Block segment results. Prior period financial information has been adjusted to conform to this updated presentation.

Cash flow assumptions used to calculate our liability for future policy benefits are reviewed at least annually and updated, as needed, with the resulting impact reflected in net income. While the effects of these assumption updates are recorded in the reporting period in which the review is completed, these updates reflect experience emergence and changes to expectations spanning multiple periods. We believe that by excluding the impact of reserve assumption updates we are providing a more comparable and consistent view of our quarterly results.

15.1

We may at other times exclude certain other items from our discussion of financial ratios and metrics in order to enhance the understanding and comparability of our operational performance and the underlying fundamentals, but this exclusion is not an indication that similar items may not recur and does not replace net income or net loss as a measure of our overall profitability.

For a reconciliation of the most directly comparable GAAP measures to these non-GAAP financial measures, refer to the "Reconciliation of Non-GAAP Financial Measures" beginning on page 15.3, other than book value per common share, which is presented on page 2.

15.2

Reconciliation of Non-GAAP Financial Measures

						Three Months Ended																																				Year Ended
									June 30						March 31						December 31						September 30						June 30												December 31						December 31
						2026															2025																					2025						2024
Total Revenue									$	3,370.0					$	3,355.2					$	3,244.1					$	3,378.4					$	3,361.4											$	13,075.5					$	12,887.3
Excluding:
Net Investment Gain (Loss)									(5.2)						(5.0)						(10.1)						128.0						(17.7)												(106.6)						(34.6)
Strategic Actions									(16.3)						—						—						—						—												—						—
Segment Adjusted Operating Revenue									$	3,391.5					$	3,360.2					$	3,254.2					$	3,250.4					$	3,379.1											$	13,182.1					$	12,921.9

						Three Months Ended																																				Year Ended
						June 30						March 31						December 31						September 30						June 30												December 31						December 31
						2026												2025																					2025						2024
Income Before Income Tax						$	329.5					$	302.7					$	218.4					$	54.5					$	417.0											$	933.5					$	2,251.3
Excluding:
Net Investment Gain (Loss)
Net Investment Gain (Loss) Related to the Fortitude Re Reinsurance Transaction						—						—						—						137.6						(8.5)												(46.8)						—
Net Investment Loss, Other						(5.2)						(5.0)						(10.1)						(9.6)						(9.2)												(59.8)						(34.6)
Net Investment Gain (Loss)						(5.2)						(5.0)						(10.1)						128.0						(17.7)												(106.6)						(34.6)
Strategic Actions						(30.7)						—						—						—						—												—						—
Reserve Assumption Updates												—						—						(478.5)						—												(478.5)						357.4
Settlement Loss on the U.S. Pension Plan Annuity Purchase						—						—						(103.8)						—						—												(103.8)						—
Accelerated Charitable Contribution						—						—						(20.0)						—						—												(20.0)						—
Loss on Legal Settlement						—						—						—						—						—												—						(15.3)
Segment Adjusted Operating Income						$	365.4					$	307.7					$	352.3					$	405.0					$	434.7											$	1,642.4					$	1,943.8

15.3

Reconciliation of Non-GAAP Financial Measures - Continued

						After-Tax Segment Adjusted Operating Income (Loss)						Average Allocated Equity1						Annualized Adjusted Operating Return on Equity
Three Months Ended June 30, 2026
Unum US									$	261.0											$	4,293.3					24.3		%
Unum International						21.0						788.5						10.7		%
Colonial Life						104.0						2,141.9						19.4		%
Core Operating Segments						386.0						7,223.7						21.4		%
Corporate						(40.0)						1,493.9
Closed Block						(61.2)						3,491.8
Total						$	284.8					$	12,209.4
Three Months Ended June 30, 2025
Unum US						$	251.5					$	4,470.3					22.5		%
Unum International						34.1						784.5						17.4		%
Colonial Life						92.6						1,986.1						18.6		%
Core Operating Segments						378.2						7,240.9						20.9		%
Corporate						(18.0)						777.4
Closed Block						(10.7)						4,758.3
Total						$	349.5					$	12,776.6

1 Excludes unrealized loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net loss on derivatives and is calculated using the stockholders' equity balances presented on page 15.7.

15.4

Reconciliation of Non-GAAP Financial Measures - Continued

						After-Tax Segment Adjusted Operating Income (Loss)						Average Allocated Equity1						Annualized Adjusted Operating Return on Equity
Six Months Ended June 30, 2026
Unum US									$	528.8											$	4,313.7					24.5		%
Unum International						43.8						773.1						11.3		%
Colonial Life						205.2						2,117.6						19.4		%
Core Operating Segments						777.8						7,204.4						21.6		%
Corporate						(79.3)						1,541.3
Closed Block						(177.7)						3,593.4
Total						$	520.8					$	12,339.1
Six Months Ended June 30, 2025
Unum US						$	511.4					$	4,521.6					22.6		%
Unum International						63.7						790.4						16.1		%
Colonial Life						183.9						1,964.4						18.7		%
Core Operating Segments						759.0						7,276.4						20.9		%
Corporate						(50.0)						555.6
Closed Block						(7.0)						4,968.7
Total						$	702.0					$	12,800.7

1 Excludes unrealized loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net loss on derivatives and is calculated using the stockholders' equity balances presented on page 15.7. Due to updates to our calculation of after-tax adjusted operating income for which the beginning balance of 2026 for certain stockholders' equity line items were adjusted, we are computing the average allocated equity for 2026 using internally allocated equity that reflects the adjusted beginning balance at January 1, 2026. As a result, average equity for the six months ended June 30, 2026 for certain of our segments will not compute using the historical allocated equity at December 31, 2025.

15.5

Reconciliation of Non-GAAP Financial Measures - Continued

						After-Tax Segment Adjusted Operating Income (Loss)						Average Allocated Equity1						Adjusted Operating Return on Equity
Year Ended December 31, 2025
Unum US									$	1,011.5											$	4,441.2					22.8		%
Unum International						118.5						799.0						14.8		%
Colonial Life						365.8						2,011.0						18.2		%
Core Operating Segments						1,495.8						7,251.2						20.6		%
Corporate						(124.2)						555.2
Closed Block						(74.0)						4,830.0
Total						$	1,297.6					$	12,636.4
Year Ended December 31, 2024
Unum US						$	1,137.6					$	4,523.2					25.2		%
Unum International						120.9						776.8						15.6		%
Colonial Life						368.2						1,869.2						19.7		%
Core Operating Segments						1,626.7						7,169.2						22.7		%
Corporate						(137.1)						53.8
Closed Block						46.0						5,324.1
Total						$	1,535.6					$	12,547.1

1 Excludes unrealized loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net loss on derivatives and is calculated using the stockholders' equity balances presented on page 15.7.

15.6

Reconciliation of Non-GAAP Financial Measures - Continued

Average allocated equity is computed as follows:

						6/30/2026						3/31/2026												12/31/2025						6/30/2025						3/31/2025						12/31/2024						12/31/2023
Total Stockholders' Equity						$	10,809.5					$	10,892.4											$	11,119.1					$	11,320.0					$	11,214.0					$	10,961.1					$	9,651.4
Excluding:
Net Unrealized Loss on Securities						(2,292.8)						(2,432.3)												(2,003.1)						(2,253.7)						(2,333.2)						(2,755.2)						(1,919.1)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits						1,174.5						1,395.1												929.9						1,058.9						1,019.1						1,185.4						(648.4)
Net Unrealized Loss on Derivatives						(279.2)						(282.1)												(278.8)						(285.0)						(225.2)						(270.7)						(73.7)
Total Adjusted Stockholders' Equity						$	12,207.0					$	12,211.7											$	12,471.1					$	12,799.8					$	12,753.3					$	12,801.6					$	12,292.6
						Three Months Ended						Six Months Ended												Twelve Months Ended						Three Months Ended						Six Months Ended						Twelve Months Ended
						6/30/2026																		12/31/2025						6/30/2025												12/31/2024
Average Adjusted Stockholders' Equity						$	12,209.4					$	12,339.1											$	12,636.4					$	12,776.6					$	12,800.7					$	12,547.1

15.7

			Three Months Ended June 30												Six Months Ended June 30												Year Ended December 31
			2026						2025						2026						2025						2025						2024
			(in millions)												(in millions)												(in millions)
Net Income			$	256.9					$	335.6					$	488.9					$	524.7					$	738.5					$	1,779.1
Excluding Before-Tax Segment Reconciling Items:
Net Investment Loss
Net Investment Loss Related to Fortitude Re Reinsurance Transaction			—						(8.5)						—						(184.4)						(46.8)						—
Net Investment Loss, Other			(5.2)						(9.2)						(10.2)						(40.1)						(59.8)						(34.6)
Total Net Investment Loss			(5.2)						(17.7)						(10.2)						(224.5)						(106.6)						(34.6)
Closed Block Segment Before-Tax Adjusted Operating Income (Loss)			(75.4)						(10.8)						(220.7)						(2.8)						(81.8)						71.3
Strategic Actions			(30.7)						—						(30.7)						—						—						—
Reserve Assumption Updates			—						—						—						—						(478.5)						357.4
Settlement Loss on the U.S. Pension Plan Annuity Purchase			—						—						—						—						(103.8)						—
Accelerated Charitable Contribution			—						—						—						—						(20.0)						—
Loss on Legal Settlement			—						—						—						—						—						(15.3)
Total Before-Tax Reconciling Items			(111.3)						(28.5)						(261.6)						(227.3)						(790.7)						378.8
Income Tax Expense (Benefit) on Reconciling Items1			(22.2)						(3.9)						(52.0)						(43.0)						(157.6)						89.3
After-Tax Adjusted Operating Income			$	346.0					$	360.2					$	698.5					$	709.0					$	1,371.6					$	1,489.6
After-Tax Adjusted Operating Income per share*			$	2.16					$	2.06					$	4.31					$	4.01					$	7.93					$	7.92

1 The income tax expense (benefit) on reconciling items represents the aggregate tax impact of the reconciling items presented above. The tax effects are calculated discretely using applicable statutory tax rates for the jurisdictions in which the underlying adjustments occur. The effective tax rate on reconciling items may differ from the Company’s consolidated effective tax rate.

*Assuming Dilution.

15.8

Reconciliation of Non-GAAP Financial Measures - Continued

						June 30												December 31
						2026						2025						2025						2024
Debt						$	3,763.8					$	3,743.9					$	3,767.6					$	3,739.8
Including:
Lease Liability						72.9						79.6						78.9						69.4
Adjusted Debt and Lease Liability						$	3,836.7					$	3,823.5					$	3,846.5					$	3,809.2
Total Stockholders' Equity						$	10,809.5					$	11,320.0					$	11,119.1					$	10,961.1
Excluding:
Net Unrealized Loss on Securities						(2,292.8)						(2,253.7)						(2,003.1)						(2,755.2)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits						1,174.5						1,058.9						929.9						1,185.4
Net Loss on Derivatives						(279.2)						(285.0)						(278.8)						(270.7)
Equity, As Adjusted						12,207.0						12,799.8						12,471.1						12,801.6
Debt, As Adjusted and Lease Liability						3,836.7						3,823.5						3,846.5						3,809.2
Total Adjusted Capital						$	16,043.7					$	16,623.3					$	16,317.6					$	16,610.8
Leverage Ratio						23.9		%				23.0		%				23.6		%				22.9		%

15.9

Reconciliation of Non-GAAP Financial Measures - Continued

						Three Months Ended
						June 30, 2026						June 30, 2025
						Premium Income						Premium Income, local currency1						Weighted Average Exchange Rate2						Premium Income in Constant Currency
Unum International
Unum UK									$	235.5											£	166.9								1.342						$	224.0
Unum Poland						53.8						zł	180.9					0.273						49.4
Total						289.3																		273.4
Unum US						1,858.2						$	1,798.6											1,798.6
Colonial Life						477.4						$	462.1											462.1
Core Operations						$	2,624.9																	$	2,534.1

						Six Months Ended
						June 30, 2026						June 30, 2025
						Premium Income						Premium Income, local currency1						Weighted Average Exchange Rate2						Premium Income in Constant Currency
Unum International
Unum UK									$	467.6											£	328.4								1.345						$	441.7
Unum Poland						108.4						zł	352.1					0.275						96.8
Total						576.0																		538.5
Unum US						3,698.7						$	3,579.5											3,579.5
Colonial Life						950.1						$	919.4											919.4
Core Operations						$	5,224.8																	$	5,037.4

1Premium income shown in millions of pounds for Unum UK, millions of zlotys for Unum Poland, and millions of U.S. dollars for Unum US and Colonial Life.

2Exchange rate is calculated using the average foreign currency exchange rates for the most recent period, applied to the comparable prior period.

15.10

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 EX-99.1 241.7 KB
• EX-99.2 EX-99.2 2.0 MB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.7 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 16.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 29.2 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 17.2 KB