Q4 2025 Unum Group Earnings Call Transcript

Feb 6, 2026 / 01:00 PM GMT

Release Date Price: $74.56 (-1.45%)

Transcript 10-K8-K

Key Points

Positve

Unum Group (UNM) achieved a strong capital and liquidity position by the end of 2025, with a risk-based capital level of 440% and $3.2 billion in cash at the holding company.
The company reported a 20% return on equity from core operations, reflecting durable earnings power supported by disciplined underwriting and solid persistency.
Unum Group (UNM) experienced notable premium growth, with core operations premium increasing by nearly 4.5%, including 10% growth in international markets.
The company made significant progress in digital capabilities, with over one-third of its corporate base experiencing leading digital services, enhancing customer engagement and persistency.
Unum Group (UNM) successfully executed two small acquisitions and increased its dividend by 10%, while also buying back $1 billion of its shares, effectively returning value to shareholders.

Negative

Adjusted EPS for 2025 was $8.13, which was down year-over-year and below expectations due to higher-than-expected benefits experience.
The group disability benefit ratio was higher than expected at 64.2% in the fourth quarter, driven by lower average size of recoveries and lower-than-expected mortality on the claimant block.
Unum Group (UNM) faced challenges in the international segment, with a decline in underlying earnings due to unfavorable claims experience in UK group disability.
The company's statutory earnings for the full year were below expectations, largely reflecting lower-than-expected margins experienced in GAAP results.
The corporate segment produced a loss of $51.1 million in the fourth quarter due to elevated staffing and IT costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

UNM.N - Unum Group
Q4 2025 Unum Group Earnings Call
Feb 06, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Unum Group 4Q 2025 results and 2026 outlook.

All lines are built based on mute to prevent any background noise after the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during this time simply depressar followed by the number one on your telephone keypad.

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And please leave to one question and one follow-up.

I will now turn the call over to my royal and investor relations, you may begin.

Thank you and good morning.

Welcome to Unum Groups, 4th quarter 2025 earnings call.

Today we'll be discussing full year 2025 results along with

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