Unum Group (UNM) Financial Results Summary

# Unum Group (UNM) Q2 2025 Financial Results Summary

**Release Date: July 29, 2025**

Unum Group (NYSE: UNM) has reported its financial results for the second quarter of 2025, revealing a mixed performance in several key metrics compared to the same quarter last year. Below is a summarized overview of the results:

### Key Financial Highlights
– **Net Income**:
– **$335.6 million** ($1.92 per diluted common share) for Q2 2025
– Down **13.8%** from **$389.5 million** ($2.05 per diluted common share) in Q2 2024.

– **Adjusted Operating Income**:
– **$361.1 million** ($2.07 per diluted common share) for Q2 2025
– Decrease of **12.2%** from **$411.4 million** ($2.16 per diluted common share) in Q2 2024.

– **Operating Trends**:
– Premium growth on a constant currency basis of **4.6%**.
– Adjusted operating return on equity at **20.9%**.

– **Book Value**:
– Book value per common share reached **$65.76**, growing **18.2%** from **$55.63** a year ago.
– Excluding accumulated other comprehensive income (AOCI), book value per common share of **$77.62**, grew **9.7%** from **$70.76** year-over-year.

### Segment Performance
1. **Unum US Segment**:
– Adjusted operating income of **$318.2 million**, a decline of **11.0%** from **$357.5 million** in Q2 2024.
– Premium income rose by **3.9%** to **$1,798.6 million**.
– Net investment income decreased by **1.9%** to **$155.1 million**.

2. **Group Disability**:
– Adjusted operating income down **18.5%** to **$124.8 million**.
– Premium income stable at **$797.1 million**.
– Net investment income decreased by **4.9%**.

3. **Group Life and AD&D**:
– Adjusted operating income decreased by **21.2%** to **$70.2 million**.
– Premium income increased by **5.1%** to **$519.2 million**.

4. **Supplemental and Voluntary Segment**:
– Adjusted operating income rose **6.9%** to **$123.2 million**.
– Premium income grew **9.8%** to **$482.3 million**.

5. **Unum International Segment**:
– Adjusted operating income decreased **2.1%** to **$41.6 million**.
– Premium income increased **18.5%** to **$271.1 million**.

6. **Colonial Life Segment**:
– Adjusted operating income saw a slight gain of **0.4%** to **$117.4 million**.
– Premium income rose **3.6%** to **$462.1 million**.

7. **Corporate Segment**:
– Adjusted operating loss improved to **$31.7 million**, from a loss of **$45.3 million** a year ago.

### Capital Management
– **Share Repurchase**:
– Repurchased **$300 million** of shares during the quarter, totaling **$500 million** year-to-date.
– Updated share repurchase expectation for the full year to between **$500 million** and **$1 billion**.

– **Liquidity**:
– Holding company liquidity stands at **$2.0 billion**.
– Risk-based capital ratio of approximately **485%**, significantly exceeding targets.

### Dividends
– Unum Group has not declared a quarterly dividend in this report.

### Tax Rate and Outlook
– The effective tax rate on adjusted operating earnings was **19.6%**, compared to **21.4%** in Q2 2024.
– Full-year 2025 adjusted operating income per share outlook revised to approximately **$8.50**, up from **$8.44** for the full year 2024.

### Summary
Unum Group’s second quarter results reflect challenges in certain segments amid strong premium growth and solid capital deployment strategies. The decrease in net income and adjusted operating income signals areas for attention as the company continues to focus on its strategic priorities. The significant growth in book value is a positive indicator of the company’s financial health as it aims for future growth.

For additional details, the full financial report is available on Unum Group’s investor relations website.

### Income Statement
**CONDENSED CONSOLIDATED STATEMENTS OF INCOME**
*(Amounts in millions)*

### Balance Sheet
**CONDENSED CONSOLIDATED BALANCE SHEETS**
*(Amounts in millions)*