UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-11294 Unum Group (Exact name of registrant as specified in its charter) Delaware 62-1598430 (State or other jurisdiction of incorp ...

Unum Group (NYSE:UNM) Q1 2024 Earnings Conference Call May 1, 2024 8:00 AM ET Company Participants Matt Royal - SVP, IR Rick McKenney - President and CEO Steve Zabel - CFO Chris Pyne - EVP, Group Benefits Timothy Arnold - EVP, Voluntary Benefits and President-Colonial Life Mark Till - CEO, Unum International Conference Call Participants Ryan Krueger - KBW Elyse Greenspan - Wells Fargo Suneet Kamath - Jefferies Tom Gallagher - Evercore ISI Joel Hurwitz - Dowling & Partners Jimmy Bhullar - JPMorgan Wilma Burd ...

Unum Group Statistical Supplement First Quarter 2024 TABLE OF CONTENTS (in millions of dollars, except share data and where noted) Interim Results are Unaudited | | Page | | --- | --- | | Financial Highlights | 1 | | Capital Metrics | 2 | | Ratings | 3 | | Consolidated Statements of Income | 4 | | Sales Data by Segment | 5 | | Consolidated Balance Sheets | 6 | | Financial Results by Segment | 7 | | Quarterly Historical Financial Results by Segment | 8 | | Financial Results and Selected Statistics by Segment ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-K (Mark One) ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-11294 Unum Group (Exact name of registrant as specified in its charter) Delaware 62-1598430 (State or other jurisdict ...

Uก้บู้ที่ GROUP® 2023 Results & 2024 Outlook January 31, 2024 2 2023 KEY MESSAGES • Record premiums and strong sales momentum • Fully recognized the premium deficiency reserve (PDR) • Record financial strength with RBC of 415% and holding company liquidity of $1.7B 4 • Core business earnings power strong, generating significant cashflow • Well-positioned with financial flexibility to win in the market • Inflection point for free-cash flow generation post PDR 4Q & FY2023 RESULTS $1.79 / $7.66 4Q-23 / FY-23 A ...

Unum Group (NYSE:UNM) Q4 2023 Earnings Conference Call January 31, 2024 8:00 AM ET Company Participants Matt Royal - Senior Vice President, Investor Relations Rick McKenney - President and Chief Executive Officer Steve Zabel - Chief Financial Officer Chris Pyne - Executive Vice President, Group Benefits Timothy Arnold - Executive Vice President, Voluntary Benefits and President-Colonial Life Conference Call Participants Joel Hurwitz - Dowling & Partners Alex Scott - Goldman Sachs Suneet Kamath - Jefferies J ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-11294 Unum Group (Exact name of registrant as specified in its charter) Delaware 62-1598430 (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - The company reported a net income of $202 million or $1.02 per diluted common share for Q3 2023, a decrease from $510.3 million or $2.53 per diluted common share in Q3 2022 [30] - Adjusted operating income increased 15% year-over-year to $381.7 million or $1.94 per diluted common share, up from $332.3 million or $1.65 per diluted common share in the previous year [53] - Statutory after-tax operating income for Q3 2023 was $532.7 million, bringing year-to-date statutory after-tax operating income to $1.1 billion [16][60] Business Line Data and Key Metrics Changes - Unum US saw a premium growth of 6.5% year-over-year, with adjusted operating income increasing 27.4% to $357.8 million [44][58] - Colonial Life's premium income was $431.2 million, a 1.9% increase from the prior year, with sales in Q3 reaching $121.3 million, up 4.7% [48][14] - Unum International reported adjusted operating income of $36.8 million, up from $24.9 million in Q3 2022, with premium growth of 12% [46][58] Market Data and Key Metrics Changes - The UK segment generated premium growth of 9.9% year-over-year, while Poland's operation grew by 27.3% [68] - The overall core operations earned premium grew by 4.9% year-to-date, just below the top end of the full-year outlook of 3% to 5% [64] Company Strategy and Development Direction - The company plans to increase its share repurchase authorization to $500 million for 2024, reflecting confidence in capital generation and deployment [34][62] - The focus remains on growing high-margin businesses, enhancing the Closed Block's certainty, and effectively returning capital to shareholders [92] - The company is optimistic about future growth rates, particularly in Colonial Life, supported by successful agent recruitment and technology initiatives [22][58] Management's Comments on Operating Environment and Future Outlook - Management highlighted a favorable macro environment with strong employment, higher interest rates, and a benign credit environment as positives for the business [33] - The company expects to meet its Colonial Life premium target in 2023 and anticipates continued growth momentum [58] - Management expressed confidence in the sustainability of current recovery trends and the overall strength of the franchise [57][82] Other Important Information - The company completed its annual GAAP reserve assumption review, resulting in a net increase in reserves of $177.2 million, with favorable adjustments in group disability and Colonial Life [71] - The premium deficiency reserve is expected to be fully funded, eliminating the need for additional capital contributions for the next five years [55][111] - The company has de-risked its balance sheet by selling over $700 million of shorter duration bonds and reinvesting in higher credit quality, longer-duration bonds [77] Q&A Session Summary Question: Can you provide an update on long-term care assumptions? - Management indicated that the majority of the financial impact was related to strengthening mortality and lapse assumptions for older age populations, with a focus on policies with richer benefits [114] Question: What drove the $200 million to $300 million contribution to First Unum? - The increase was attributed to the need to strengthen the asset adequacy reserve due to new assumptions, despite a strong hedge program [136] Question: How do current interest rates affect the premium deficiency reserve? - Management noted that if interest rates remain high, a significant portion of the reserves could become redundant over time, potentially turning into capital [91]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2023 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-11294 Unum Group (Exact name of registrant as specified in its charter) Delaware 62-1598430 (State or other jurisdiction of incorpo ...

Financial Data and Key Metrics Changes - In Q2 2023, net income was $392.9 million or $1.98 per diluted share, up from $367.3 million or $1.81 per diluted share in Q2 2022 [4] - After-tax adjusted operating income for Q2 2023 was $408.8 million or $2.06 per diluted share, an increase from $388.8 million or $1.92 per diluted share in the same quarter last year [4][9] - Return on equity (ROE) was reported at 13.8%, with after-tax operating earnings increasing by 5.1% from the previous year [9][11] Business Line Data and Key Metrics Changes - Unum US segment adjusted operating income increased by 17.5% to $343.1 million in Q2 2023 compared to $291.9 million in Q2 2022 [14] - Group disability line reported adjusted operating income of $159.8 million, up from $105.5 million in the same period last year, with a benefit ratio of 59.4% [14][15] - Colonial Life segment adjusted operating income was $15.5 million in Q2 2023, down from $96.6 million in Q2 2022, with a benefit ratio of 48.3% [18] Market Data and Key Metrics Changes - Unum International sales grew over 70% year-over-year, with Unum UK generating premium growth of 14.5% [7][18] - Unum US sales increased by 20% year-over-year in Q2 2023, with persistency for total group at 89.8% [16][19] - Colonial Life sales increased by 3.2% in Q2 2023, driven by healthy agent recruiting [19][66] Company Strategy and Development Direction - The company is focused on digital capabilities to enhance customer experience and strengthen relationships with employers and employees [6][7] - Plans to increase dividends by 10% and ramp up share repurchases by 50% indicate a commitment to returning capital to shareholders while maintaining strong capital positions [11][25] - The strategy includes fully recognizing the premium deficiency reserve (PDR) by year-end, which is expected to eliminate the need for further long-term care contributions in the near future [11][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the favorable macroeconomic environment, including higher interest rates and low pandemic mortality, which are beneficial for business [10][12] - The company expects continued strong sales, premium, and earnings growth across core businesses, particularly in group disability [27] - Management is monitoring trends in long-term care claims and remains optimistic about improvements in claims submissions [39][41] Other Important Information - The company reported cash exceeding $1 billion at the holding company and a risk-based capital (RBC) level of 450%, which is significantly above target levels [11][25] - The investment portfolio is performing well, with a focus on maintaining high-quality assets and managing risks effectively [21][23] Q&A Session Summary Question: Pricing trends in the industry - Management noted that external favorable risk trends continue, and they feel confident about their competitive positioning in the market [30] Question: Impact of NAIC's negative IMR proposal - Management indicated that while they have little negative IMR currently, the proposal could allow for increased interest rate hedging in the future [32] Question: Recovery trends in group disability - Recovery trends have been strong, and incidents have returned to pre-COVID levels, contributing to favorable loss ratios [35] Question: Long-term care loss ratio trends - Elevated incidents were noted, but claimant mortality has returned to seasonal expectations, with optimism about improving trends [39] Question: International business growth drivers - Strong growth in the UK market is attributed to high-quality products and investments in value-added services [47] Question: Future capital return plans - Management plans to balance reinvestment in core businesses with returning capital to shareholders, including increased dividends and share repurchases [49]