UNM

MKT CAP:$13B

Unum Group

Market Cap

$13B

Financial Services·Insurance - Life·🇺🇸 United States·NYSE

Financials·Insurance - Life·🇺🇸·NYSE

Stock Price

$77.76+$0.53 (+0.69%)

Apr 23, 2026

Company Details

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 seg...

CEO

Richard Paul McKenney

IPO Date

Nov 6, 1986

Website

www.unum.com

Key Metrics TTM

Revenue

$13.0B

+1.8% YoY

Net Income

$739M

EPS (Diluted)

$4.25

Free Cash Flow

$555M

Revenue / Share

$77.50

Gross Margin

31.2%

Operating Margin

7.2%

Net Margin

5.7%

FCF Margin

4.3%

P/S

1.0x

P/E

17.1x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 17, 2026

$13.1B+2.1%EPS $4.28

Q4 2025

Feb 17, 2026

$3.2B+1.2%EPS $1.04

Q3 2025

Nov 4, 2025

$3.4B+4.9%EPS $0.23

Q2 2025

Jul 30, 2025

$3.3B+4.4%EPS $1.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$3.0B	$873M	$263M
Q3 21	$2.9B	$909M	$410M
Q4 21	$2.9B	$711M	$192M
Q4 22	$3.0B	$964M	$361M
Q1 23	$3.0B	$1.0B	$451M
Q2 23	$3.1B	$1.1B	$498M
Q3 23	$3.1B	$857M	$262M
Q4 23	$3.1B	$1.0B	$429M
Q1 24	$3.2B	$1.1B	$496M
Q2 24	$3.2B	$1.1B	$496M
Q3 24	$3.2B	$3.1B	$886M
Q4 24	$3.2B	$1.1B	$446M
Q1 25	$3.1B	$911M	$244M
Q2 25	$3.3B	$1.1B	$417M
Q3 25	$3.4B	$738M	$55M
Q4 25	$3.2B	$1.3B	$218M

Valuation

Quarter	P/S	P/E
Q2 21	0.4x	8.3x
Q3 21	0.4x	6.5x
Q4 21	0.4x	6.2x
Q4 22	0.7x	8.4x
Q1 23	0.7x	6.9x
Q2 23	0.8x	7.9x
Q3 23	0.8x	7.8x
Q4 23	0.7x	6.9x
Q1 24	0.8x	7.7x
Q2 24	0.8x	7.2x
Q3 24	0.8x	6.1x
Q4 24	1.0x	7.4x
Q1 25	1.1x	9.0x
Q2 25	1.1x	9.1x
Q3 25	1.0x	14.4x
Q4 25	1.0x	18.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$706M	$680M
Q3 21	$455M	$430M
Q4 21	$388M	$360M
Q4 22	$357M	$326M
Q1 23	$151M	$122M
Q2 23	$314M	$286M
Q3 23	$395M	$362M
Q4 23	$344M	$298M
Q1 24	$298M	$270M
Q2 24	$339M	$311M
Q3 24	$390M	$352M
Q4 24	$486M	$454M
Q1 25	$354M	$318M
Q2 25	$348M	$320M
Q3 25	-$372M	-$403M
Q4 25	$358M	$320M

Capital Expenditures

Quarter	CapEx
Q2 21	$27M
Q3 21	$25M
Q4 21	$28M
Q4 22	$31M
Q1 23	$29M
Q2 23	$27M
Q3 23	$33M
Q4 23	$46M
Q1 24	$28M
Q2 24	$28M
Q3 24	$38M
Q4 24	$32M
Q1 25	$36M
Q2 25	$28M
Q3 25	$31M
Q4 25	$38M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 21	-2.2%	+0.3%
Q3 21	-1.8%	-6.2%
Q4 21	-30.2%	-32.8%
Q4 22	-1.7%	-7.5%
Q1 23	+1.0%	-5.8%
Q2 23	+5.5%	+2.9%
Q3 23	+4.5%	+2.3%
Q4 23	+4.5%	+2.5%
Q1 24	+5.2%	+4.4%
Q2 24	+3.6%	+4.4%
Q3 24	+4.3%	-17.5%
Q4 24	+2.5%	+2.3%
Q1 25	-3.2%	+5.6%
Q2 25	+4.4%	+8.1%
Q3 25	+4.9%	+42.6%
Q4 25	+1.2%	+9.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q4 22	$53M	1.8%
Q1 23	$0	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$64M	2.1%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	-$64M	-2.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 21	$247M
Q3 21	$242M
Q4 21	$249M
Q4 22	$295M
Q1 23	$275M
Q2 23	$294M
Q3 23	$298M
Q4 23	$295M
Q1 24	$306M
Q2 24	$296M
Q3 24	$294M
Q4 24	$270M
Q1 25	$310M
Q2 25	$292M
Q3 25	$292M

Revenue Segments

Quarter	Closed Block	Colonial Life	Corporate and Other	Unum International	Unum US
Q2 21	$556M	$462M	$8M	$219M	$1.7B
Q3 21	$554M	$473M	$7M	$215M	$1.7B
Q4 21	$542M	$464M	$10M	$215M	$1.8B
Q4 22	$496M	$458M	$21M	$226M	$1.8B
Q1 23	$502M	$467M	$26M	$220M	$1.8B
Q2 23	$507M	$469M	$28M	$254M	$1.9B
Q3 23	$514M	$471M	$18M	$238M	$1.9B
Q4 23	$511M	$474M	$31M	$252M	$1.9B
Q1 24	$511M	$489M	—	$258M	$1.9B
Q2 24	$528M	$487M	—	$267M	$1.9B
Q3 24	$514M	$482M	—	$277M	$1.9B
Q4 24	$530M	$491M	—	$277M	$1.9B
Q2 25	$513M	$505M	—	$318M	$2.0B
Q3 25	$436M	$501M	—	$320M	$2.0B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$107M	$0	$107M
Q2 22	$151M	$0	$151M
Q3 22	$143M	$0	$143M
Q4 22	$119M	$0	$119M
Q1 23	$123M	$0	$123M
Q2 23	$108M	$0	$108M
Q3 23	$166M	$0	$166M
Q4 23	$146M	$0	$146M
Q1 24	$279M	$0	$279M
Q2 24	$133M	$0	$133M
Q3 24	$163M	$0	$163M
Q4 24	$163M	$0	$163M
Q1 25	$238M	$0	$238M
Q2 25	$1.2B	$0	$1.2B
Q3 25	$328M	$0	$328M
Q4 25	$158M	$0	$158M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	205M	+0.3%	+0.8%
Q3 21	205M	-0.1%	+0.6%
Q4 21	204M	-0.4%	+0.1%
Q4 22	201M	-1.6%	-1.9%
Q1 23	200M	-0.7%	-2.8%
Q2 23	198M	-0.7%	-3.4%
Q3 23	197M	-0.5%	-3.5%
Q4 23	195M	-0.8%	-2.7%
Q1 24	193M	-1.1%	-3.1%
Q2 24	190M	-1.5%	-3.9%
Q3 24	187M	-1.8%	-5.2%
Q4 24	182M	-2.8%	-7.1%
Q1 25	179M	-1.5%	-7.4%
Q2 25	174M	-2.5%	-8.4%
Q3 25	171M	-2.2%	-8.7%
Q4 25	168M	-1.5%	-7.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	$279.7K	11K
Q3 21	$274.0K	11K
Q4 21	$285.1K	10K
Q4 22	$273.4K	11K
Q1 23	$276.4K	11K
Q2 23	$282.8K	11K
Q3 23	$280.6K	11K
Q4 23	$288.9K	11K
Q1 24	$294.2K	11K
Q2 24	$296.4K	11K
Q3 24	$296.2K	11K
Q4 24	$289.5K	11K
Q1 25	$278.2K	11K
Q2 25	$302.4K	11K
Q3 25	$303.5K	11K
Q4 25	$297.2K	11K

Revenue / Employee