Why Unum Stock Tumbled by 12% Today

Core Insights - Unum Group's share price dropped over 12% following a disappointing earnings report, contrasting with a minor decline in the S&P 500 index [1] Financial Performance - In Q2, Unum reported revenue of $3.36 billion, an increase from $3.23 billion in the same period of 2024, driven by a nearly 5% rise in premium income to $2.75 billion and a 3% increase in net investment income to almost $561 million [2] - After-tax adjusted operating income fell by 12% to slightly more than $361 million, or $2.07 per share, missing analyst expectations of $2.22 per share [4] Profitability Guidance - Unum reduced its full-year profitability guidance for the second consecutive quarter, now projecting after-tax adjusted operating income of $8.50 per share for 2025, which is less than 1% higher than the 2024 result, down from a previous forecast of at least 6% growth [5]