Financial Performance - Total revenue for Q1 2023 was $3,036.1 million, a 1.9% increase from $2,980.6 million in Q1 2022[324] - Net income for Q1 2023 was $358.3 million, representing a 49.0% increase from $240.4 million in Q1 2022[324] - Adjusted operating income for Unum US segment surged by 85.7% to $312.5 million in Q1 2023 from $168.3 million in Q1 2022[342] - Adjusted operating income for Unum International segment rose to $38.4 million in Q1 2023, a 48.3% increase from $25.9 million in Q1 2022[361] - Adjusted operating income for the Closed Block segment was $58.2 million in Q1 2023, down 26.0% from $78.6 million in Q1 2022[384] Premium Income - Premium income increased to $2,459.3 million, up 2.4% from $2,401.4 million in the same period last year[324] - Unum US segment premium income increased by 4.3% to $1,609.6 million in Q1 2023 from $1,543.0 million in Q1 2022[342] - Total Premium Income for Unum US was $408.0 million in Q1 2023, reflecting a 1.3% increase from $402.8 million in Q1 2022[349] - Total Premium Income for Unum International was $188.6 million in Q1 2023, a slight increase of 0.4% from $187.8 million in Q1 2022[361] - Colonial Life's total premium income slightly decreased to $429.5 million in Q1 2023, down 0.3% from $430.7 million in Q1 2022[376] Investment Income - Net investment income decreased by 3.5% to $508.8 million compared to $527.2 million in Q1 2022[324] - Net investment income decreased by 8.0% to $157.3 million in Q1 2023 compared to $171.0 million in Q1 2022[332] - Net Investment Income for Unum US decreased to $53.6 million in Q1 2023, down 3.9% from $55.8 million in Q1 2022[349] - Net investment income for the Closed Block segment decreased by 6.4% to $257.2 million in Q1 2023 from $274.8 million in Q1 2022[384] - The Corporate segment reported net investment income of $26.1 million in Q1 2023, a significant increase of 196.6% from $8.8 million in Q1 2022[397] Claims and Benefits - Policy benefits decreased by 5.1% to $1,882.1 million from $1,983.0 million in the prior year[324] - Consolidated benefit ratio improved to 70.6% in Q1 2023 from 79.7% in Q1 2022, indicating better claims experience[331] - The benefit ratio for Unum US group disability improved to 60.0% in Q1 2023 from 74.0% in Q1 2022[343] - The benefit ratio for Voluntary Benefits improved to 36.0% in Q1 2023 from 44.9% in Q1 2022[349] - The benefit ratio for Colonial Life was 53.0% in Q1 2023, slightly improved from 53.2% in Q1 2022, primarily due to favorable mortality experience[377] Sales Performance - Total sales for Unum US segment rose by 22.5% to $276.6 million in Q1 2023 compared to $225.8 million in Q1 2022[336] - Group long-term disability premium income grew by 8.8% to $504.7 million in Q1 2023 from $463.9 million in Q1 2022[343] - Group Long-term Disability sales increased by 32.8% to $53.9 million in Q1 2023 compared to $40.6 million in Q1 2022[353] - Sales in the public sector market for Colonial Life increased by 21.4% to $23.3 million in Q1 2023, driven by higher sales to existing customers[379] - Group long-term disability sales decreased by 41.0% to $9.2 million in Q1 2023, while group life sales increased by 95.2% to $16.2 million[368] Future Outlook - The company anticipates increased adjusted operating income growth in 2023 supported by premium growth and improved claim experience[356] - In 2023, the company expects adjusted operating income growth with sales growth and full year premium income increasing from the prior year, but at a rate below pre-pandemic levels[381] - The company plans to focus on scaling its business and enhancing digital capabilities in 2023 to drive sustainable growth[372] Investment Portfolio - The company maintains a diversified investment portfolio, with direct exposure to bank credit being less than 4% of the total portfolio on an amortized cost basis[403] - The total fair value of fixed maturity securities is $36,160.2 million, with net unrealized losses of $1,941.6 million as of March 31, 2023[405] - The fair value of below-investment-grade fixed maturity securities is $1,966.0 million, representing 4.4% of the total investment portfolio, a decrease from 4.6% at December 31, 2022[416] - The company held 43 investment-grade fixed maturity securities with gross unrealized losses of $10 million or greater, totaling $626.3 million[413] - The unrealized losses on investment-grade fixed maturity securities are primarily due to changes in interest rates and market credit spreads[414] Cash Flow and Liquidity - Net cash provided by operating activities for the three months ended March 31, 2023, was $150.6 million, a decrease from $325.8 million in the same period of 2022[452] - The company used $40.5 million in investing activities during the first quarter of 2023, compared to $192.4 million in 2022[452] - Cash used for repurchasing common stock was $51.2 million in Q1 2023, slightly up from $50.0 million in Q1 2022[457] - Dividends paid to stockholders in Q1 2023 amounted to $69.2 million, an increase from $62.0 million in Q1 2022[457] - As of March 31, 2023, Unum Group had available holding company liquidity of $1,343 million, primarily in bank deposits and corporate bonds[426]

Unum Group (NYSE:UNM) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants Matt Royal - Senior Vice President-Investor Relations Rick McKenney - President and Chief Executive Officer Steve Zabel - Executive Vice President and Chief Financial Officer Mike Simonds - Executive Vice President and Chief Operating Officer Mark Till - Executive Vice President, and Chief Executive Officer-Unum International Tim Arnold - Executive Vice President, Voluntary Benefits and President-Colonial Life ...

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, 2022 ☐ 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 incorporati ...

Unum Group (NYSE:UNM) Q4 2022 Earnings Conference Call February 1, 2023 8:00 AM ET Company Participants Matt Royal – Senior Vice President-Investor Relations Rick McKenney – President and Chief Executive Officer Steve Zabel – Executive Vice President and Chief Financial Officer Mike Simonds – Executive Vice President and Chief Operating Officer Mark Till – Executive Vice President, and Chief Executive Officer-Unum International Tim Arnold – Executive Vice President, Voluntary Benefits and President-Colonia ...

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, 2022 ☐ 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 ...

Unum Group (NYSE:UNM) Q3 2022 Earnings Conference Call November 2, 2022 8:00 AM ET Company Participants Matthew Royal - Chief Risk Officer & SVP, IR Richard McKenney - President, CEO & Director Steven Zabel - EVP & CFO Mark Till - EVP & CEO, Unum International Michael Simonds - EVP & COO Timothy Arnold - EVP, Voluntary Benefits & President, Colonial Life Conference Call Participants Erik Bass - Bernstein Autonomous Ryan Krueger - KBW Alexander Scott - Goldman Sachs Suneet Kamath - Jefferies Tracy Benguigui ...

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, 2022 ☐ 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 ...

Unum Group (NYSE:UNM) Q2 2022 Earnings Conference Call August 3, 2022 8:00 AM ET Company Participants Tom White - Senior Vice President of Investor Relations Rick McKenney - President & Chief Executive Officer Steve Zabel - Chief Financial Officer Michael Simonds - Chief Operating Officer Conference Call Participants Alex Scott - Goldman Sachs Ryan Krueger - KBW Erik Bass - Autonomous Research Jimmy Bhullar - JPMorgan Tom Gallagher - Evercore Suneet Kamath - Jefferies Tracy Benguigui - Barclays Operator Hel ...

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, 2022 ☐ 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 2022 Earnings Conference Call May 6, 2022 8:00 AM ET Company Participants Tom White - Senior Vice President of Investor Relations Rick McKenney - President and CEO Steve Zabel - CFO Michael Simonds - COO Mark Till - Head International Business Conference Call Participants Erik Bass - Autonomous Research Alex Scott - Goldman Sachs Tracy Dolin-Benguigui - Barclays Tom Gallagher - Evercore Ryan Krueger - KBW Suneet Kamath - Jefferies Jamie Buller - JPMorgan Mark Hughes - Truist Josh Sh ...