Unum Group

Listed Company

UNMCIK 0000005513NYSELarge AcceleratedAccident & Health InsuranceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$13.08B

Net Income

$738.50M

Total Assets

$63.52B

Equity

$11.12B

Shares Out

159.78M

Op. Cash Flow

$687.70M

Business

Unum Group is a provider of employee financial protection benefits that delivers insurance and related services to employers and individuals. The company offers group and individual disability, life, accidental death and dismemberment, critical illness, accident, dental and vision products, along with fee-based services such as leave management and administrative services. Its key operating segments are Unum US, Unum International, Colonial Life, Closed Block and Corporate. Unum operates primarily in the United States, the United Kingdom and Poland and distributes products mainly through the workplace via field sales, independent brokers, consultants and agent networks.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Premium Income	10,831	10,497	10,046	9,617	9,475
Net Investment Income	2,033	2,130	2,097	2,122	2,213
Net Investment Loss	−107	−35	−36	−16	77
Other Income	318	295	279	261	243
Total Revenue	13,076	12,887	12,386	11,984	12,008
Policy Benefits	7,626	7,480	7,312	7,542	8,113
Policy Benefits - Remeasurement Loss (Gain)	−439	562	55	548	560
Commissions	1,355	1,259	1,170	1,086	1,038
Interest and Debt Expense	209	201	195	189	185
Deferral of Acquisition Costs	−697	−652	−632	−557	−523
Amortization of Deferred Acquisition Costs	527	521	481	421	452
Compensation Expense	1,184	1,166	1,163	1,090	975
Other Expenses	1,499	1,223	1,112	1,007	999
Total Benefits and Expenses	12,142	10,636	10,746	10,234	10,747
Income Before Income Tax	934	2,251	1,640	1,750	1,261
Current	72	432	452	474	213
Income Tax - Deferred	123	40	−96	−131	67
Total Income Tax	195	472	356	343	280
Net Income	739	1,779	1,284	1,407	981
Basic	4.28	9.49	6.53	7.01	4.8
Assuming Dilution	4.27	9.46	6.5	6.96	4.79

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fixed Maturity Securities - at fair value (amortized cost of $34,747.2; $38,269.9; allowance for credit losses of $5.9; $2.8)	33,057	35,630	36,834	34,841	43,336
Mortgage Loans (net of allowance for credit losses of $15.9; $16.1)	2,110	2,225	2,318	2,435	2,560
Policy Loans	3,668	3,617	3,620	3,601	3,663
Other Long-term Investments	1,670	1,694	1,579	1,440	1,203
Short-term Investments	3,016	2,540	1,611	1,395	1,388
Total Investments	43,521	45,706	45,962	43,712	52,150
Cash and Bank Deposits	158	163	146	119	75
Accounts and Premiums Receivable (net of allowance for credit losses of $26.1; $26.8)	1,430	1,459	1,544	1,482	1,520
Reinsurance Recoverable (net of allowance for credit losses of $1.4; $1.5)	11,575	8,296	9,108	9,608	10,919
Accrued Investment Income	596	650	634	615	603
Deferred Acquisition Costs	2,920	2,843	2,715	2,560	2,208
Goodwill	354	349	350	348	352
Property and Equipment	504	488	485	452	463
Deferred Income Tax	80	370	649	586	0
Other Assets	2,383	1,636	1,662	1,667	1,826
Total Assets	63,519	61,959	63,255	61,149	70,116
Future Policy Benefits	38,017	36,806	40,009	38,577	—
Policyholders' Account Balances	5,636	5,634	5,668	5,740	—
Unearned Premiums	413	384	380	366	348
Other Policyholders' Funds	1,480	1,527	1,616	1,750	—
Income Tax Payable	52	227	190	191	159
Deferred Income Tax	39	31	27	25	458
Short-term debt	0	275	0	2	0
Long-term Debt	3,768	3,465	3,430	3,428	3,442
Other Liabilities	2,996	2,650	2,283	2,334	2,586
Total Liabilities	52,400	50,998	53,604	52,414	58,699
Commitments and Contingent Liabilities - Note 16	—	—	—	—	—
Common Stock, $0.10 par; authorized: 725,000,000 shares; issued: 196,194,941 and 195,460,723 shares	20	20	19	31	31
Additional Paid-in Capital	1,593	1,490	1,548	2,441	2,408
Accumulated Other Comprehensive Loss	−1,809	−2,524	−3,308	−3,448	−5,165
Retained Earnings	13,345	12,914	11,432	13,141	11,989
Treasury Stock - at cost: 30,500,524 and 16,871,752 shares	−2,030	−938	−39	−3,430	−3,230
Total Stockholders' Equity	11,119	10,961	9,651	8,735	6,034
Total Liabilities and Stockholders' Equity	63,519	61,959	63,255	61,149	70,116

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Change in Receivables	529	624	603	591	676
Change in Deferred Acquisition Costs	−170	−131	−151	−136	−71
Change in Insurance Liabilities	437	−781	−313	−245	38
Change in Income Taxes	−23	98	−84	−31	335
Change in Other Accrued Liabilities	−112	−32	−75	−114	11
Non-cash Components of Net Investment Income	−223	−249	−240	−247	−255
Depreciation	123	116	109	111	120
Cash Related to Reinsurance Transaction	945	0	0	0	−457
Settlement Loss on the U.S. Pension Plan Annuity Purchase	104	0	0	—	—
Amortization of Deferred Gain on Reinsurance	−9	0	0	—	—
Other, Net	15	13	−9	17	16
Net Cash Provided by Operating Activities	688	1,513	1,203	1,419	1,388
Proceeds from Sales of Fixed Maturity Securities	823	877	1,063	560	443
Proceeds from Maturities of Fixed Maturity Securities	2,132	1,483	1,578	1,533	2,611
Proceeds from Sales and Maturities of Other Investments	506	332	360	446	403
Purchase of Fixed Maturity Securities	−2,394	−2,002	−2,991	−2,835	−4,106
Purchase of Other Investments	−361	−319	−361	−483	−607
Net Purchases of Short-term Investments	−356	−842	−141	−23	77
Net Increase (Decrease) in Payables for Collateral on Investments	331	252	−98	−51	−51
Net Purchases of Property and Equipment	−132	−126	−135	−102	−110
Net Cash Used by Investing Activities	549	−344	−726	−956	−1,341
Short-term Debt Repayment	−275	0	−2	0	0
Issuance of Long-term Debt	296	392	0	349	588
Long-term Debt Repayment	0	−350	0	−364	−500
Issuance of Common Stock	5	6	5	4	3
Repurchase of Common Stock	−1,010	−973	−250	−200	−50
Dividends Paid to Stockholders	−306	−297	−277	−254	−239
Proceeds from Policyholder Account Deposits	124	133	143	120	128
Payments for Policyholder Account Withdrawals	−89	−83	−87	−72	−81
Cash Received Related to Active Life Volatility Cover Agreement	17	27	19	5	40
Other, Net	−4	−7	−1	−3	4
Net Cash Used by Financing Activities	−1,241	−1,152	−450	−419	−169
Net Increase (Decrease) in Cash and Bank Deposits	−5	17	27	44	−122
Amortization of Deferred Loss on Reinsurance	117	41	44	—	—

Filings

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