Unum (UNM)
Market Price (4/28/2026): $77.81 | Market Cap: $13.0 BilSector: Financials | Industry: Life & Health Insurance
Unum (UNM)
Market Price (4/28/2026): $77.81Market Cap: $13.0 BilSector: FinancialsIndustry: Life & Health Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -251% Stock buyback supportStock Buyback 3Y Total is 2.2 Bil Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease, Digital Health & Telemedicine, and AI in Financial Services. Themes include Geriatric Care, Show more. | Trading close to highsDist 52W High is -3.9%, Dist 3Y High is -4.7% | Key risksUNM key risks include [1] persistent liability and reserve adequacy challenges from its legacy long-term care business. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.1%, Dividend Yield is 2.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.2% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -251% |
| Stock buyback supportStock Buyback 3Y Total is 2.2 Bil |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Aging Population & Chronic Disease, Digital Health & Telemedicine, and AI in Financial Services. Themes include Geriatric Care, Show more. |
| Trading close to highsDist 52W High is -3.9%, Dist 3Y High is -4.7% |
| Key risksUNM key risks include [1] persistent liability and reserve adequacy challenges from its legacy long-term care business. |
Qualitative Assessment
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Unum (UNM) stock has remained largely at the same level since 12/31/2025 because of the following key factors:
1. Unum's mixed Q4 2025 earnings report and conservative 2026 guidance created uncertainty.
Unum reported Q4 2025 adjusted earnings per share (EPS) of $1.92 on February 6, 2026, missing analysts' expectations of $2.11 by 9%. Operating net income also decreased 5.4% year-over-year. While total operating revenues were nearly flat year-over-year at $3.2 billion, the company's GAAP profit of $1.04 per share was 49.3% below consensus estimates. For the full year 2026, Unum provided guidance for after-tax adjusted operating income per share between $8.60 and $8.90, which, while representing 8% to 12% growth, was below analysts' anticipation of $9.14 EPS for the fiscal year.
2. Persistent social inflation and rising claims costs impacted the broader insurance sector.
The insurance industry faced ongoing pressure from social inflation and increased litigation, with elevated compensation claims being a significant concern. The average annual social inflation rate was reported at 5.4% between 2017 and 2022, exceeding economic inflation of 3.7%. This translated into rising general liability rates in the U.S., which increased by 5.6% in Q4 2025 and were projected to climb up to 9% in Q1 2026. Auto liability rates also saw significant increases, up 9.2% in Q4 2025, with forecasts of 7% to 15% growth in Q1 2026.
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1. Unum's mixed Q4 2025 earnings report and conservative 2026 guidance created uncertainty.
Unum reported Q4 2025 adjusted earnings per share (EPS) of $1.92 on February 6, 2026, missing analysts' expectations of $2.11 by 9%. Operating net income also decreased 5.4% year-over-year. While total operating revenues were nearly flat year-over-year at $3.2 billion, the company's GAAP profit of $1.04 per share was 49.3% below consensus estimates. For the full year 2026, Unum provided guidance for after-tax adjusted operating income per share between $8.60 and $8.90, which, while representing 8% to 12% growth, was below analysts' anticipation of $9.14 EPS for the fiscal year.
2. Persistent social inflation and rising claims costs impacted the broader insurance sector.
The insurance industry faced ongoing pressure from social inflation and increased litigation, with elevated compensation claims being a significant concern. The average annual social inflation rate was reported at 5.4% between 2017 and 2022, exceeding economic inflation of 3.7%. This translated into rising general liability rates in the U.S., which increased by 5.6% in Q4 2025 and were projected to climb up to 9% in Q1 2026. Auto liability rates also saw significant increases, up 9.2% in Q4 2025, with forecasts of 7% to 15% growth in Q1 2026.
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Stock Movement Drivers
Fundamental Drivers
The 0.7% change in UNM stock from 12/31/2025 to 4/27/2026 was primarily driven by a 22.6% change in the company's P/E Multiple.| (LTM values as of) | 12312025 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.58 | 77.13 | 0.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,983 | 12,987 | 0.0% |
| Net Income Margin (%) | 7.0% | 5.7% | -19.1% |
| P/E Multiple | 14.3 | 17.5 | 22.6% |
| Shares Outstanding (Mil) | 170 | 168 | 1.6% |
| Cumulative Contribution | 0.7% |
Market Drivers
12/31/2025 to 4/27/2026| Return | Correlation | |
|---|---|---|
| UNM | 0.7% | |
| Market (SPY) | 4.2% | 34.0% |
| Sector (XLF) | -5.4% | 53.8% |
Fundamental Drivers
The 1.0% change in UNM stock from 9/30/2025 to 4/27/2026 was primarily driven by a 99.9% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 76.39 | 77.13 | 1.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,828 | 12,987 | 1.2% |
| Net Income Margin (%) | 11.8% | 5.7% | -52.0% |
| P/E Multiple | 8.8 | 17.5 | 99.9% |
| Shares Outstanding (Mil) | 174 | 168 | 3.9% |
| Cumulative Contribution | 1.0% |
Market Drivers
9/30/2025 to 4/27/2026| Return | Correlation | |
|---|---|---|
| UNM | 1.0% | |
| Market (SPY) | 7.0% | 20.1% |
| Sector (XLF) | -3.5% | 46.6% |
Fundamental Drivers
The -2.5% change in UNM stock from 3/31/2025 to 4/27/2026 was primarily driven by a -59.1% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.12 | 77.13 | -2.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,790 | 12,987 | 1.5% |
| Net Income Margin (%) | 13.9% | 5.7% | -59.1% |
| P/E Multiple | 8.0 | 17.5 | 117.4% |
| Shares Outstanding (Mil) | 181 | 168 | 8.0% |
| Cumulative Contribution | -2.5% |
Market Drivers
3/31/2025 to 4/27/2026| Return | Correlation | |
|---|---|---|
| UNM | -2.5% | |
| Market (SPY) | 28.1% | 53.3% |
| Sector (XLF) | 5.1% | 64.4% |
Fundamental Drivers
The 112.8% change in UNM stock from 3/31/2023 to 4/27/2026 was primarily driven by a 241.8% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4272026 | Change |
|---|---|---|---|
| Stock Price ($) | 36.25 | 77.13 | 112.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11,879 | 12,987 | 9.3% |
| Net Income Margin (%) | 11.8% | 5.7% | -52.0% |
| P/E Multiple | 5.1 | 17.5 | 241.8% |
| Shares Outstanding (Mil) | 199 | 168 | 18.6% |
| Cumulative Contribution | 112.8% |
Market Drivers
3/31/2023 to 4/27/2026| Return | Correlation | |
|---|---|---|
| UNM | 112.8% | |
| Market (SPY) | 79.8% | 39.7% |
| Sector (XLF) | 68.3% | 56.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| UNM Return | 12% | 74% | 14% | 66% | 9% | 1% | 302% |
| Peers Return | 43% | 15% | 6% | 23% | 11% | 1% | 138% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 91% |
Monthly Win Rates [3] | |||||||
| UNM Win Rate | 58% | 58% | 75% | 67% | 50% | 50% | |
| Peers Win Rate | 68% | 58% | 60% | 62% | 63% | 45% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| UNM Max Drawdown | -4% | 0% | -10% | -0% | -5% | -8% | |
| Peers Max Drawdown | -2% | -11% | -20% | -3% | -10% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AFL, MET, PRU, HIG, PFG. See UNM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/27/2026 (YTD)
How Low Can It Go
| Event | UNM | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -29.8% | -25.4% |
| % Gain to Breakeven | 42.5% | 34.1% |
| Time to Breakeven | 128 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -65.6% | -33.9% |
| % Gain to Breakeven | 191.0% | 51.3% |
| Time to Breakeven | 413 days | 148 days |
| 2018 Correction | ||
| % Loss | -57.2% | -19.8% |
| % Gain to Breakeven | 133.8% | 24.7% |
| Time to Breakeven | 1,857 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.0% | -56.8% |
| % Gain to Breakeven | 245.1% | 131.3% |
| Time to Breakeven | 1,470 days | 1,480 days |
Compare to AFL, MET, PRU, HIG, PFG
In The Past
Unum's stock fell -29.8% during the 2022 Inflation Shock from a high on 6/8/2021. A -29.8% loss requires a 42.5% gain to breakeven.
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About Unum (UNM)
Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products. It also provides group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other products. The company sells its products primarily to employers for the benefit of employees. Unum Group sells its products through field sales personnel, independent brokers, consultants, and independent contractor agency sales force. The company was founded in 1848 and is based in Chattanooga, Tennessee.
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Unum is like:
- Aflac, but offering a broader suite of workplace benefits including disability, group life, and dental insurance.
- A MetLife or Prudential, but with a primary focus on employer-sponsored disability and other employee financial protection benefits.
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- Group Disability Insurance: Provides income protection for employees in case of long-term or short-term disability.
- Group Life & Accidental Death and Dismemberment (AD&D) Insurance: Offers financial protection to beneficiaries upon an employee's death or dismemberment.
- Individual Disability Insurance: Provides income replacement for individuals if they become disabled and are unable to work.
- Voluntary Benefits & Supplemental Insurance: Includes a range of optional products like dental, vision, accident, sickness, cancer, and critical illness coverage.
- Group Pension Products: Offers retirement savings and income solutions designed for employee groups.
- Individual & Corporate-Owned Life Insurance: Provides life insurance coverage for individuals and for businesses protecting key employees.
- Reinsurance Services: Involves participating in and managing reinsurance pools and related operations.
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Unum (UNM) primarily sells its financial protection benefit solutions to other companies, specifically employers, for the benefit of their employees.
The provided background information does not list the names of specific major customer companies. Unum's customer base consists of a broad range of employers across various industries and sizes.
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```htmlRick McKenney, President and Chief Executive Officer
Rick McKenney has served as President and Chief Executive Officer of Unum Group since May 2015, having been appointed President in April 2015. He previously held the position of Executive Vice President and Chief Financial Officer for Unum Group from 2009 to 2015. Before joining Unum, McKenney was Executive Vice President and Chief Financial Officer of Sun Life Financial, Inc., from 2006 to 2009. In 2004, he became CFO of Genworth Financial as part of the team that launched its initial public offering from GE. He began his career at General Electric Company in 1991, transitioning from manufacturing to financial leadership roles.
Steven A. Zabel, Executive Vice President and Chief Financial Officer
Steven Zabel was appointed Executive Vice President and Chief Financial Officer of Unum Group in July 2019. Prior to this, he served as President for Closed Block Operations at Unum from July 2015 to July 2019. Zabel began his tenure at Unum in August 2013 as Chief Risk Officer. Before joining Unum, he spent over nine years at Genworth Financial, where his roles included Senior Vice President for Long Term Care Insurance, Chief Financial Officer for Insurance Products, and Senior Vice President of Corporate Audit Services. He started his career at Ernst & Young.
Timothy G. Arnold, Executive Vice President, Voluntary Benefits and President, Colonial Life
Timothy Arnold was named Executive Vice President, Voluntary Benefits and President, Colonial Life in February 2020. He previously served as Executive Vice President, President and Chief Executive Officer of Colonial Life from January 2015. Arnold joined Colonial Life in July 2011, following a 27-year career with Unum, where he held various leadership positions in Underwriting, Corporate Planning, Client Services, National Accounts Sales, and Benefits.
Mark P. Till, Executive Vice President and CEO, Unum International
Mark Till joined Unum in February 2021 as Chief Executive Officer of Unum UK and Chairman of Unum Poland, overseeing Unum International's business. Before joining Unum, Till held several leadership roles in financial services, including five years as Managing Director at Aegon UK, where he was responsible for pensions, investment platforms, asset management, and personal protection. He also served as Head of Personal Investing & UK Marketing Director for Fidelity International and held positions at Standard Life, HomeServe PLC, and Barclays Bank.
```AI Analysis | Feedback
The key risks to Unum's business are:- Interest Rate Sensitivity and Investment Risk: As a provider of long-term financial protection products, Unum's profitability is significantly influenced by interest rate movements. Lower interest rates can reduce investment income earned on its substantial investment portfolio and may increase the present value of its long-duration liabilities. Conversely, rising rates could also impact the value of its fixed-income investments if sold before maturity.
- Claims Experience and Actuarial Assumptions: Unum's core business involves underwriting and paying claims for disability, life, and other benefits. The company relies on actuarial assumptions to price its products and reserve for future claims. Adverse changes in claims frequency or severity, such as unexpected health trends, economic conditions impacting disability rates, or incorrect actuarial assumptions, could lead to higher-than-anticipated payouts and negatively impact profitability.
- Economic Downturns and Unemployment: Unum primarily sells its products to employers for the benefit of their employees. Economic downturns leading to increased unemployment rates, reduced workforce sizes, or decreased employer spending on employee benefits can directly impact Unum's premium growth, persistency of existing policies, and overall sales volumes.
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```htmlAddressable Markets for Unum's Main Products and Services
United States Market
- Group Long-Term and Short-Term Disability: The U.S. disability insurance market was valued at approximately USD 1.7 billion in 2024 and is anticipated to reach approximately USD 4.6 billion by 2034. The U.S. group level disability insurance market is expected to reach USD 49.31 billion by 2030. The in-force premium for combined long-term disability (LTD), short-term disability (STD), and paid family and medical leave (PFML) in the U.S. was USD 19.9 billion in 2024.
- Group Life: The global group life insurance market size was valued at USD 148.72 billion in 2024 and is expected to reach around USD 405.10 billion by 2034. North America was the largest region in the group life insurance market in 2025. Over 118 million people in the United States were covered through group life insurance policies in 2024.
- Individual Disability: Individual disability insurance (IDI) sales premiums in the U.S. exceeded USD 5.4 billion in 2024.
- Voluntary Benefits (Dental): The U.S. dental insurance market size is calculated at USD 97.7 billion in 2025 and is predicted to increase to approximately USD 126.5 billion by 2035.
- Voluntary Benefits (Vision): The market size of Vision Insurance in the U.S. was USD 49.1 billion in 2024 and is projected to be USD 50.6 billion in 2025.
- Cancer and Critical Illness: The U.S. Critical Illness Insurance Market was valued at USD 54.45 billion in 2024 and is projected to reach USD 111.83 billion by 2035.
United Kingdom Market
- Life Insurance (including Group Life, and aspects of Accidental Death and Dismemberment and Group Pension): The UK life insurance & pension market recorded gross written premiums of USD 236.9 billion in 2023, with the life insurance segment accounting for USD 133.1 billion. The market size of Life Insurance in the UK was approximately £39.3 billion (around USD 49.6 billion) in 2024.
- Dental Insurance: The United Kingdom dental insurance market was valued at USD 4.09 billion in 2025 and is anticipated to reach USD 6.85 billion by 2035.
- Critical Illness: While a specific overall market valuation for critical illness insurance in the UK was not readily available, over 4 million UK adults have critical illness cover.
- Group Long-Term and Short-Term Disability: Null
- Vision Insurance: Null
Poland Market
- Life Insurance (including aspects of Group Pension): The Poland life insurance market size in 2025 is estimated at €21.93 billion (approximately USD 23.5 billion). The broader Poland life and non-life insurance market reached USD 22.58 billion in 2026 and is projected to reach USD 24.00 billion by 2031.
- Disability, Dental, Vision, Accidental Death & Dismemberment, Cancer, and Critical Illness: Null
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Unum (UNM) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives:- Strategic Expansion and Penetration in Core Markets: Unum is strengthening its presence and driving premium growth in its core markets of the U.S., U.K., and Poland. For instance, Unum International reported an 18.5% premium growth in Q2 2025, with the U.K. achieving 10% and Poland 21.8% year-over-year growth. The company continues to focus on sustained expansion in these regions.
- Diversification and Growth of High-Margin Supplemental and Voluntary Products, including New Offerings: Unum is pivoting towards high-margin, capital-efficient lines such as supplemental and voluntary insurance, which demonstrated resilience with 10.1% premium growth in Q1 2025 and a 9.8% premium increase in Q2 2025. Recent product launches, such as Unum Pet Insurance (May 2024) and the Unum Care Hub (March 2024), contribute to this diversification. Additionally, the company is developing new critical illness coverage targeting younger demographics with mental health and recovery services.
- Digital Transformation and Technological Innovation: The company is investing in its digital capabilities to enhance customer experience, reinforce its solutions, and drive premium and sales growth. This includes initiatives like AI-driven adjudication for short-term disability claims, predictive leave analytics, and a "Digital Health Navigator." Unum is also leveraging Human Capital Management (HCM) partnerships to embed enrollment and claims, aiming to improve acquisition efficiency and lifetime value.
- Targeting Small-to-Mid-Sized Businesses (SMBs) and the Gig Economy: Unum's growth strategy prioritizes SMBs and the gig workforce, offering tailored, on-demand products for independent contractors and freelancers. This focus on specific customer segments and their unique needs is expected to contribute to revenue expansion.
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Share Repurchases
- Unum's board of directors approved a new $1 billion share repurchase program on December 4, 2025, which became effective on January 1, 2026. This program will replace the existing one upon its expiration on December 31, 2025.
- In 2025, Unum returned approximately $1.3 billion to shareholders, which included $1.0 billion in share repurchases.
- For 2026, the company plans to return approximately 100% of its projected free cash flow to shareholders through dividends and share repurchases.
Share Issuance
- Unum's shares outstanding have been consistently declining over the past few years, indicating net share repurchases rather than issuances.
- The number of shares outstanding decreased by 8.05% from 2024 to 2025 (0.173 billion in 2025 from 0.188 billion in 2024).
- Shares outstanding for the quarter ending December 31, 2025, were 168 million, representing a 10.67% year-over-year decline.
Inbound Investments
- In Q2 2025, Unum completed a significant $3.4 billion long-term care reinsurance transaction. This strategic move involved ceding $3.4 billion in long-term care reserves and $120 million in individual disability income premium.
- This reinsurance deal aimed to mitigate legacy risk exposure and unlock capital, which was then reallocated towards growth initiatives.
Outbound Investments
- Unum made strategic acquisitions, such as Beanstalk Benefits in the U.S., to enhance the customer experience and support employers with leave and disability management.
- The company is also exploring potential expansion in the UK and Poland through strategic acquisitions in 2026.
Capital Expenditures
- Unum invested $37.8 million in capital expenditures during the fourth quarter of 2025.
- Annual capital expenditures totaled $132.3 million, absorbing a significant portion of operating cash flow.
- A primary focus of these capital expenditures is consistent technology investment and digital integration, including platforms like HR Connect, Broker Connect, Agent Assist, Gathr, and AI-driven claims processing, to improve efficiency and customer experience.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| UNM Dip Buy Analysis | 07/10/2025 | |
| Unum Total Shareholder Return (TSR): 68.4% in 2024 and 50.9% 3-yr compounded annual returns (above peer average) | 03/07/2025 | |
| Unum (UNM) Operating Cash Flow Comparison | 02/17/2025 | |
| Unum (UNM) Net Income Comparison | 02/16/2025 | |
| Unum Market Price | 02/05/2025 | |
| Unum vs. S&P500 Correlation | 10/03/2024 | |
| Unum Price Volatility | 09/24/2024 | |
| Fundamental Metrics: ... | 06/19/2024 | |
| Time To Buy Unum Stock? | 11/02/2023 | |
| Unum Group (UNM) Stock Has 53% Chance Of Rise In The Next One Month | 02/02/2023 | |
| ARTICLES | ||
| How Will Unum Stock React To Its Upcoming Earnings? | 10/31/2025 |
Trade Ideas
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| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03312026 | NP | Neptune Insurance | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | JKHY | Jack Henry & Associates | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 3.1% | 3.1% | 0.0% |
| 03202026 | MKTX | MarketAxess | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -5.2% | -5.2% | -5.7% |
| 03202026 | RYAN | Ryan Specialty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -2.7% | -2.7% | -8.5% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 97.66 |
| Mkt Cap | 35.7 |
| Rev LTM | 22,713 |
| Op Inc LTM | - |
| FCF LTM | 5,096 |
| FCF 3Y Avg | 4,693 |
| CFO LTM | 5,229 |
| CFO 3Y Avg | 4,830 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.8% |
| Rev Chg 3Y Avg | 3.5% |
| Rev Chg Q | 2.8% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 17.9% |
| CFO/Rev 3Y Avg | 17.8% |
| FCF/Rev LTM | 17.6% |
| FCF/Rev 3Y Avg | 17.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 35.7 |
| P/S | 1.2 |
| P/Op Inc | - |
| P/EBIT | 10.1 |
| P/E | 15.7 |
| P/CFO | 5.9 |
| Total Yield | 9.1% |
| Dividend Yield | 2.7% |
| FCF Yield 3Y Avg | 17.2% |
| D/E | 0.2 |
| Net D/E | -1.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.1% |
| 3M Rtn | 3.6% |
| 6M Rtn | 5.4% |
| 12M Rtn | 7.5% |
| 3Y Rtn | 62.1% |
| 1M Excs Rtn | -5.7% |
| 3M Excs Rtn | 0.4% |
| 6M Excs Rtn | -1.2% |
| 12M Excs Rtn | -24.4% |
| 3Y Excs Rtn | -8.5% |
Segment Financials
Assets by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Closed Block | 33,376 | 35,273 | 33,777 | 38,288 | 38,187 |
| Unum United States (US) | 14,982 | 15,561 | 16,356 | 18,696 | 19,034 |
| Corporate | 5,346 | 4,218 | 3,311 | 4,149 | 4,334 |
| Colonial Life | 4,964 | 4,830 | 4,575 | 4,896 | 4,864 |
| Unum International | 3,291 | 3,373 | 3,129 | 4,086 | 4,206 |
| Total | 61,959 | 63,255 | 61,148 | 70,116 | 70,626 |
Price Behavior
Price Behavior
| Market Price | $77.13 | |
| Market Cap ($ Bil) | 12.9 | |
| First Trading Date | 11/06/1986 | |
| Distance from 52W High | -3.9% | |
| 50 Days | 200 Days | |
| DMA Price | $74.09 | $74.38 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 4.1% | 3.7% |
| 3M | 1YR | |
| Volatility | 22.5% | 24.7% |
| Downside Capture | 0.44 | 0.41 |
| Upside Capture | 71.38 | 52.42 |
| Correlation (SPY) | 35.1% | 25.0% |
UNM Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.73 | 0.55 | 0.54 | 0.28 | 0.83 | 0.67 |
| Up Beta | -0.96 | -1.10 | 0.06 | -0.14 | 0.82 | 0.79 |
| Down Beta | 0.12 | 0.48 | 0.56 | 0.31 | 0.98 | 0.88 |
| Up Capture | 217% | 103% | 58% | 29% | 53% | 28% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 24 | 32 | 59 | 131 | 414 |
| Down Capture | 56% | 73% | 66% | 43% | 89% | 63% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 18 | 30 | 65 | 118 | 330 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UNM | |
|---|---|---|---|---|
| UNM | 0.1% | 24.7% | -0.04 | - |
| Sector ETF (XLF) | 8.5% | 14.7% | 0.34 | 45.3% |
| Equity (SPY) | 31.2% | 12.5% | 1.91 | 25.0% |
| Gold (GLD) | 39.7% | 27.2% | 1.21 | -2.5% |
| Commodities (DBC) | 45.1% | 18.1% | 1.93 | -5.9% |
| Real Estate (VNQ) | 13.1% | 13.4% | 0.67 | 31.6% |
| Bitcoin (BTCUSD) | -17.7% | 42.1% | -0.35 | 9.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UNM | |
|---|---|---|---|---|
| UNM | 26.4% | 30.3% | 0.81 | - |
| Sector ETF (XLF) | 10.2% | 18.7% | 0.42 | 61.0% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 41.8% |
| Gold (GLD) | 20.9% | 17.8% | 0.96 | -1.8% |
| Commodities (DBC) | 14.5% | 19.1% | 0.62 | 16.1% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 28.6% |
| Bitcoin (BTCUSD) | 6.5% | 56.3% | 0.33 | 11.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UNM | |
|---|---|---|---|---|
| UNM | 12.6% | 37.6% | 0.43 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 75.7% |
| Equity (SPY) | 14.8% | 17.9% | 0.71 | 58.4% |
| Gold (GLD) | 13.8% | 15.9% | 0.72 | -5.3% |
| Commodities (DBC) | 10.0% | 17.8% | 0.47 | 27.2% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.22 | 46.3% |
| Bitcoin (BTCUSD) | 68.2% | 66.9% | 1.07 | 12.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/5/2026 | -1.5% | -6.4% | -3.6% |
| 11/3/2025 | 7.2% | 6.0% | 0.6% |
| 7/29/2025 | -12.2% | -13.5% | -14.1% |
| 4/29/2025 | -2.0% | 0.3% | 2.7% |
| 2/4/2025 | 2.3% | -1.0% | 4.6% |
| 10/29/2024 | 4.5% | 5.3% | 25.1% |
| 7/30/2024 | 6.0% | -2.7% | 1.8% |
| 4/30/2024 | 2.3% | 3.5% | 4.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 15 | 11 | 17 |
| # Negative | 9 | 13 | 7 |
| Median Positive | 2.3% | 6.0% | 6.2% |
| Median Negative | -8.8% | -2.1% | -8.1% |
| Max Positive | 14.6% | 17.3% | 29.2% |
| Max Negative | -13.2% | -13.5% | -14.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/17/2026 | 10-K |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/20/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 2/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Core Operations Premium Growth | 4.0% | 5.5% | 7.0% | Higher New | |||
| 2026 After-tax Adjusted Operating Income Per Share | 8.6 | 8.75 | 8.9 | Higher New | |||
Prior: Q3 2025 Earnings Reported 11/3/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Adjusted Operating Earnings Impact | -0.1 | 0 | Same New | Actual: -0.1 for Q3 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pyne, Christopher W | EVP, Group Benefits | Direct | Sell | 3182026 | 72.47 | 4,852 | 351,624 | 3,787,862 | Form |
| 2 | Iglesias, Lisa G | EVP, General Counsel | Direct | Sell | 3112026 | 73.00 | 3,500 | 255,500 | 2,150,069 | Form |
| 3 | Egan, Cynthia | Direct | Sell | 2202026 | 73.00 | 9,000 | 657,032 | 3,127,908 | Form | |
| 4 | Keaney, Timothy F | Direct | Sell | 2202026 | 72.58 | 4,500 | 326,610 | 2,801,007 | Form | |
| 5 | Rice, Walter Lynn JR | SVP, Chief Accounting Officer | Direct | Sell | 12112025 | 73.50 | 900 | 66,152 | 657,107 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Life & Health Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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