Unum Group, headquartered in Chattanooga, Tennessee, is a leading provider of financial protection benefits in the United States and the United Kingdom. The company was founded in 1848 and is listed on the New York Stock Exchange under the symbol "UNM". Unum's primary business is the provision of disability insurance products and services. Their insurance plans cover millions of workers and help protect their financial security by replacing a portion of income lost due to illness or injury.
Unum's business is structured into three segments: Unum US, Unum UK, and Colonial Life. Unum US is the largest division and provides group long-term and short-term disability insurance, group life and accidental death and dismemberment insurance, supplemental and voluntary lines of business, and long-term care insurance for groups. Unum UK is the United Kingdom-based arm of Unum and provides insurance including long-term disability, life, and critical illness, and supplemental lines of business. Lastly, Colonial Life offers insurance products such as accident, cancer, critical illness, hospital confinement indemnity, disability, life, and dental through its network of sales representatives and independent brokers.
Further, Unum also operates Closed Block division, which consists of individual disability, group and individual long-term care, and other insurance products no longer marketed actively. This strategic segmentation helps the company to maximize its market penetration and ensures it maintains a balanced portfolio, enabling a steady revenue stream.
Unum is known for its dedication to customer service, with numerous recognitions and awards testifying to this commitment. It has a reputation for swift and fair claims processing and has developed a strong brand around its core message of ensuring that "every individual matters". Moreover, it leverages advanced technologies to deliver its services, adopting digital initiatives to provide a faster, simpler and more efficient experience for the customer.
Despite the challenges faced due to COVID-19, Unum continues to maintain a strong capital position, with good liquidity, making it well equipped to withstand external shocks. The company is also committed to corporate responsibility and sustainability, with a focus on policies that support employee wellness, develop local communities, drive responsible business practices, and reduce environmental impact.
Operating for over 150 years, Unum's strong reputation, diversified product offerings, along with its robust customer service, and commitment to corporate responsibility make it a recognized insurer and a strong player in the insurance industry.
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Unum Group has completed a $3.8 billion long-term care (LTC) reinsurance transaction with Fortitude Reinsurance Ltd., transferring approximately 50,000 individual LTC policies with $3.8 billion in statutory reserves. This deal, along with a previous one in 2025, reduces Unum's total LTC statutory reserves by about 40%. The transaction coincided with Unum reporting a $419.7 million net loss in the third quarter, largely due to investment losses related to the asset transfer supporting this reinsurance agreement.
ProShare Advisors LLC reduced its stake in Unum Group (NYSE:UNM) by 7.5% in the third quarter, selling 25,272 shares and retaining 313,734 shares worth $27.5 million. Despite this, institutional investors hold 86.57% of the company, which has authorized a $1 billion share-repurchase program and declared a quarterly dividend of $0.505 per share. Analysts maintain a "Moderate Buy" rating for Unum Group, with an average price target of $99.42, although company insiders have recently sold shares totaling nearly $1 million.
Unum Group (UNM) is scheduled to release its Q3 2026 earnings after the market closes on Tuesday, November 3rd, with analysts anticipating earnings per share of $2.17 and revenue of $2.91 billion. The financial services provider previously met analyst expectations with $2.16 EPS and surpassed revenue estimates at $3.39 billion in the prior quarter. Analysts hold a "Moderate Buy" consensus for UNM with an average price target of $99.42, following recent stock buyback authorization and dividend declaration.
Unum Group (UNM) is projected to achieve 4-7% premium growth and 8-12% adjusted operating income per share growth in 2026, driven by strong persistency, new sales, and strategic investments. The company also plans to repurchase $1 billion in shares in 2026 and has a history of dividend increases, making it attractive to investors despite challenges like rising benefits and declining net investment income. The article also briefly touches upon other industry players like NMI Holdings, Palomar Holdings, and Arch Capital Group.
Assenagon Asset Management S.A. significantly increased its stake in Unum Group (NYSE:UNM) by 46.3% in the third quarter, now holding 625,411 shares valued at $54.9 million. Unum Group reported strong quarterly results, meeting analyst EPS estimates and reaffirming its fiscal 2026 EPS guidance. The company also declared a quarterly dividend and authorized a $1 billion share repurchase program, reinforcing a "Moderate Buy" consensus from analysts.