Unum Group (UNM) Q2 2025 Earnings Call July 30, 2025 08:00 AM ET Company ParticipantsMatt Royal - SVP - Investor RelationsRichard Mckenney - President, CEO & DirectorSteven Zabel - EVP & CFOChristopher Pyne - EVP of Group BenefitsElyse Greenspan - Managing DirectorRyan Krueger - Managing DirectorTimothy Arnold - Executive VP of Voluntary Benefits & President of Colonial LifeMark Till - EVP & CEO - Unum InternationalThomas Gallagher - Senior Managing DirectorJack Matten - Vice President Equity ResearchConfer ...

Unum Group (UNM) Q2 2025 Earnings Call July 30, 2025 08:00 AM ET Speaker0Thank you for standing by. My name is Jeannie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Unum Group Second Quarter twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session.Thank you. I would now like to turn the call over to Matt Royal, Investor Relations. Please ...

SiriusPoint (SPNT) Q1 2025 Earnings Call May 06, 2025 08:30 AM ET Company Participants Liam Blackledge - Investor Relations and Strategy ManagerScott Egan - CEOJim McKinney - CFO Operator Good morning, ladies and gentlemen, and welcome to Series Point's First Quarter twenty twenty five Earnings Conference Call. During today's presentation, all parties will be in a listen only mode. As a reminder, this conference call is being recorded and a replay is available through 11:59 p. M. Eastern Time on 05/20/2025. ...

Financial Data and Key Metrics Changes - The company achieved a net income of $58 million and a return on equity of 12.9% for Q1 2025, marking a year-over-year increase in core gross and net premiums written [19][20] - The combined ratio for the core business was reported at 95.4%, impacted by $59 million in losses from California wildfires, which was below the previous estimate of $60 million to $70 million [8][20] - The company reported a 12% year-over-year growth in gross written premiums and a 20% increase in net written premiums [9][10] Business Line Data and Key Metrics Changes - The accident and health segment saw a 19% increase in premiums, contributing significantly to overall growth, while casualty premiums decreased slightly as the company prioritized underwriting discipline [26][29] - The insurance and services segment achieved a combined ratio of 94%, reflecting a 4.4 point improvement from the prior year [27] - The reinsurance segment experienced a decrease in gross premiums written by $2 million, with casualty premiums decreasing in double digits [34] Market Data and Key Metrics Changes - The company noted double-digit rate hardening in U.S. Medical, while U.S. Non-medical pricing remained largely flat [28] - The pricing environment within accident and health continues to meet the company's risk and return profile, with growth opportunities identified [29] - The reinsurance segment's combined ratio was 97.1%, remaining profitable despite catastrophe losses [35] Company Strategy and Development Direction - The company aims to become a high-performing specialty underwriter, focusing on stable and consistent returns for shareholders [17] - A deliberate strategy to retain a greater proportion of profitable underwriting books is in place, with an emphasis on underwriting margin [11] - The company is investing in data capabilities within the MGA space to enhance its competitive edge [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased global uncertainty due to tariff changes but emphasized proactive monitoring and readiness to adjust pricing and risk appetite [15][16] - Inflation remains a primary focus, with the company prepared to react quickly if necessary [15] - The company expressed confidence in maintaining double-digit net premium growth for fiscal year 2025 [21] Other Important Information - The company completed a $753 million shareholder repurchase agreement and participated in a secondary offering, both of which were accretive for shareholders [6][7] - The company received positive outlook revisions from Fitch and AM Best, affirming its ratings [14][46] - The investment portfolio remains strong, with net investment income of $71 million for the quarter [42] Q&A Session Summary Question: What is the outlook for premium growth in 2025? - The company expects to maintain double-digit net premium growth for fiscal year 2025, driven by strong performance across various lines of business [21] Question: How is the company addressing the impact of inflation? - Management stated that inflation is a primary focus and the company is prepared to react quickly to any changes in the environment [15] Question: What are the expectations for the underwriting margin? - The company emphasized that underwriting margin remains the number one priority, with a disciplined approach yielding positive results [11]