Key Takeaways Unum Group's Q3 premiums likely rose on favorable persistency and improved sales across key segments. Higher investment income and asset growth are expected to have supported overall performance. Share buybacks and improved benefit experience may have contributed to stronger Q3 earnings. Unum Group (UNM) is expected to register an improvement in its top and bottom lines when it reports third-quarter 2025 results on Nov. 3, after the closing bell.The Zacks Consensus Estimate for UNM’s third-qua ...

Core Viewpoint - Unum Group is set to release its third quarter 2025 results on November 3, 2025, followed by a conference call on November 4, 2025, to discuss the results and future guidance [1][2]. Financial Information - The earnings release and financial supplement will be available on the company's investor website [1]. - The anticipated future earnings release dates include: - Fourth Quarter 2025 – February 3 / February 4 at 8 a.m. - First Quarter 2026 – April 28 / April 29 at 8 a.m. - Second Quarter 2026 – July 28 / July 29 at 8 a.m. [5]. Company Overview - Unum Group, a leading international provider of workplace benefits and services, has been operational for over 175 years [6]. - The company reported revenues of $12.9 billion in 2024 and paid out $8.0 billion in benefits [6]. - Unum Group is recognized as one of the World's Most Ethical Companies by Ethisphere® [6].

Core Insights - Unum Group's premiums are benefiting from healthy in-force block growth and higher sales [1] - The company has maintained profitability through conservative pricing and reservation practices, with premium income increasing across its main operating segments [2] - Long-term projections indicate sales growth of 8-12%, premium growth of 4-7%, and adjusted operating earnings per share growth of 8-12% [3] Financial Performance - Unum Group expects improved sales growth in the second half of 2025, with flat sales growth anticipated for the full year [4] - The company projects after-tax adjusted operating earnings per share to be approximately $8.50 in 2025 [4] - Unum Group maintains a strong capital position, with an expected year-end Risk-Based Capital (RBC) ratio of 425% to 450% and holding company liquidity between $2 billion and $2.5 billion [4] Shareholder Value - The board has increased the shareholder dividend by 15%, effective in Q3 2024, marking the 15th dividend hike in the last 14 years [5] - Unum Group plans to complete share repurchases in the range of $500 million to $1 billion by the end of 2025, enhancing its attractiveness for yield-seeking investors [5] Industry Context - Other players in the Accident and Health insurance industry include Aflac, Trupanion, and Globe Life, with varying earnings performance [7][10][11] - Aflac has benefited from strategic growth investments and product enhancements, while Trupanion focuses on the pet insurance market [8][10] - Globe Life is experiencing revenue growth driven by premium increases in its Life and Health Insurance segments [11]

Core Viewpoint - Unum Group (NYSE:UNM) is identified as a strong investment opportunity with a 'Buy' rating and a price target of $92, indicating a potential increase of approximately 21.2% [1] Group 1: Company Overview - Unum Group is a financial protection benefit solutions provider operating in the United States, the United Kingdom, and Poland, founded in 1848 [4] Group 2: Strategic Focus - The company aims for mid-single-digit premium growth, aligning with its business model, and is investing significantly in technology, particularly in HR Connect [2] Group 3: Financial Performance - Unum Group distinguishes itself through strong execution on EPS growth, healthy shareholder returns, and a solid balance sheet, despite a recent earnings miss [3] - The company maintains pricing power and emphasizes workplace benefits while de-risking its legacy long-term care (LTC) business [3]

Core Insights - The article emphasizes a value investing approach with a focus on long-term horizons and an owner's mindset [1] Group 1 - The analyst does not engage in writing sell articles, as they are viewed as short theses, and does not recommend shorting stocks [1] - The analyst has previously worked as an advisory representative at Fidelity and is now conducting independent research and investing [1] Group 2 - The analyst has no current stock, option, or similar derivative positions in the companies mentioned but may initiate a long position in UNM within the next 72 hours [2] - The article reflects the analyst's personal opinions and is not influenced by compensation from any company mentioned [2] Group 3 - Seeking Alpha clarifies that past performance does not guarantee future results and that no specific investment advice is being provided [3] - The views expressed may not represent those of Seeking Alpha as a whole, and the analysts are third-party authors who may not be licensed or certified [3]

Core Viewpoint - Unum Group's shares have increased by 38% over the past year, but recent performance has been mixed, raising concerns about its long-term care unit [1] Group 1: Company Performance - Unum Group's stock has shown strong performance with a 38% gain over the last year [1] - Recent gains have stalled due to mixed performance indicators [1] Group 2: Long-Term Care Concerns - There are ongoing concerns regarding the long-term care unit of Unum Group, which may impact future performance [1]

Core Viewpoint - Unum Group's shares have increased by 38% over the past year, but recent performance has been mixed, raising concerns about its long-term care unit [1] Group 1: Stock Performance - Unum Group's stock has shown strong performance with a 38% gain over the last year [1] Group 2: Concerns and Challenges - There are concerns regarding the long-term care unit of Unum Group, which may be impacting investor sentiment and stock performance [1]

Core Viewpoint - Unum Group is focused on growth and aims to protect more individuals, currently covering nearly 50 million people across the U.S., U.K., and Poland [2][3]. Group 1: Growth Strategy - The company prioritizes growth by enhancing digital connectivity with individual employers and providing support to their employees during times of need [3]. - Unum Group's growth trajectory is built on the foundation of its existing capabilities and market presence [3].

Core Insights - The primary focus of Unum Group is on growth, with a commitment to protecting more individuals, currently serving nearly 50 million people across the U.S., U.K., and Poland [2][3] Group 1: Company Priorities - Unum Group aims to enhance its digital connectivity with individual employers to better serve their employees during times of need [3] - The company is focused on expanding its reach and impact in the market, emphasizing a growth trajectory that builds on existing capabilities [3]

Summary of Unum Group FY Conference Call (September 09, 2025) Company Overview - **Company**: Unum Group (NYSE: UNM) - **Industry**: Insurance and Employee Benefits Key Priorities and Growth Strategy - **Growth Focus**: Unum Group aims to protect more individuals, currently covering nearly 50 million people across the U.S., U.K., and Poland, with a goal to increase this number [2][3] - **Digital Connectivity**: Emphasis on enhancing digital connectivity with employers to better serve employees during times of need [3] Sales and Market Environment - **Sales Performance**: The second quarter sales were softer than expected, attributed to market conditions and changes in healthcare affecting employer decisions [4][5] - **Premium Growth**: Achieved a 4.5% premium growth in Q2, with expectations to maintain mid-single-digit growth levels [6] - **Competitive Landscape**: Unum maintains a strong position in the group disability market, with a focus on both pricing and employee experience [8][9] Disability Insurance Insights - **Benefit Ratio Trends**: The benefit ratio for group disability insurance has stabilized around 62%, with expectations for sustainability in performance [16][17] - **Historical Context**: Pre-pandemic benefit ratios were in the low 70% range, with a spike during COVID due to elevated claims [14][15] Group Life Insurance - **Mortality Rates**: The benefit ratio for group life insurance has settled around 70%, consistent with expectations [19] Paid Family Medical Leave - **Regulatory Environment**: The company is adapting to state-level regulations on paid family leave, investing in digital capabilities to assist employers in compliance [20][21] Medical Inflation Impact - **Limited Impact**: Medical inflation has minimal impact on Unum's core products, as many are salary replacement rather than healthcare cost reimbursement [23][25] Technology Investments - **HR Connect**: Continued investment in technology to improve integration with cloud-based systems and enhance user experience [27][28] Colonial Life Business - **Growth Recovery**: Colonial Life is recovering from pandemic-related disruptions, with sales momentum building, albeit at a slower pace than historical growth [30][31][33] Long-Term Care Insurance - **Claim Trends**: Elevated claim counts and severity have impacted underwriting results, but these are expected to normalize [36][39] - **Actuarial Review**: Ongoing actuarial review to assess reserve levels and potential impacts on capital [41][42] Capital Management and Shareholder Returns - **Excess Capital**: Unum has significant excess capital, with plans for share repurchases and dividend increases as part of capital deployment strategy [52][54] - **Investment Strategy**: Focus on credit investments and alternative assets to manage long-term care liabilities [56][57] Market Opportunities - **Supplemental and Voluntary Products**: There is potential for growth in supplemental and voluntary products, driven by increasing market needs [62][64] Conclusion - Unum Group is positioned for growth with a focus on digital connectivity, premium growth, and maintaining competitive advantages in the insurance market. The company is actively managing its capital and adapting to regulatory changes while exploring new market opportunities.