10-K · February 17, 2026
Unum (10‑K for 2025) reiterates a workplace‑benefits strategy focused on disability, life and voluntary products, investing in operations/technology and returning capital to shareholders. The business remains…
Earnings analysis · 10-Q
UNM earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
Unum Group's Q1 2026 results demonstrated strong performance with total revenue reaching $3.36 billion, outperforming estimates by 12.3%, and EPS of $2.14, exceeding expectations by 4.4%. The company's solid growth is…
Read full summary
Unum Group's Q1 2026 results demonstrated strong performance with total revenue reaching $3.36 billion, outperforming estimates by 12.3%, and EPS of $2.14, exceeding expectations by 4.4%. The company's solid growth is underpinned by increased sales in key segments, despite significant losses in the Closed Block segment.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.14
- Segment
- Unum US
- Segment
- Unum International
- Segment
- Colonial Life
- Segment
- Closed Block
What stood out
-
Strong Revenue Growth
Q1 2026 revenue of $3.36 billion, a 12.3% surprise vs estimated $2.99 billion.
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EPS Outperformance
Reported EPS of $2.14, beating the expectation of $2.05 by 4.4%.
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Unum US Segment Growth
Adjusted operating income of $337.9 million in Q1 2026, up from $329.1 million in Q1 2025.
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Colonial Life Performance
Colonial Life segment income increased to $127.8 million, compared to $115.7 million year-over-year.
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Share Repurchase Program
Repurchased 5.4 million shares at $402.4 million, reflecting commitment to capital return.
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Increased Liquidity
Available liquidity of $1.73 billion, providing financial flexibility for growth.
What to watch
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Closed Block Losses
Closed Block segment reported an adjusted operating loss of $145.3 million in Q1 2026, up from a profit of $8.0 million in Q1 2025.
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Investment Loss Impact
Net investment loss of $4.0 million in Q1 2026, a significant recovery from a $163.4 million loss in Q1 2025.
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Rising Interest Rate Risks
Increased unrealized losses in fixed maturity securities, up to $2.2 billion due to U.S. Treasury rate increases.
Management's outlook
Management anticipates earnings growth in core operations and expects strong premium growth in 2026.
Earlier filings 4
10-K · February 27, 2025
Unum positions itself as a leading provider of workplace-sponsored financial protection in the U.S. and U.K., focusing on disability, life and voluntary products and a strategy of investing in operations and technology…
10-Q · October 30, 2024
Unum reported Q3 2024 revenue of $3,217.0 million (+$124.5M, +4.0% vs Q3 2023) and operating income (income before tax) of $814.6 million, driving net income of $645.7 million and diluted EPS of $3.46 (vs $1.02 a year…
10-Q · July 31, 2024
Unum Group reported Q2 2024 revenue of $3,233.4 million, up from $3,112.2 million in Q2 2023 (+$121.2 million, +3.9%). Diluted EPS (assuming dilution) rose to $2.05 from $1.98 a year earlier (+$0.07). Operating cash…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.