Unum Group Reports Q2 Earnings of $335.6M, Down from $389.5M in the Same Period Last Year.

Unum Group reported a profit of $335.6 million in Q2, down from $389.5 million last year. The company's revenue rose 4.3% to $3.361 billion. Excluding items, Unum Group reported adjusted earnings of $361.1 million or $2.07 per share. The bottom line came in at $1.92 per share, compared to $2.05 per share last year.

Title: Unum Group's Q2 2025 Earnings: Mixed Results Amid Revenue Growth

Chattanooga, Tenn. — Unum Group (NYSE: UNM) reported mixed earnings results for the second quarter of 2025, with adjusted operating earnings of $2.07 per share falling short of analyst expectations. Despite this, the company's revenue rose 4.6% on a constant currency basis, reaching $3.36 billion [1].

The insurance provider's adjusted operating earnings missed the analyst consensus of $2.22 by $0.15, while revenue exceeded expectations by $0.03 billion. The company's Unum US segment, its largest business unit, saw a 11% decrease in adjusted operating income to $318.2 million, with weakness in both the group disability and group life product lines [1].

Unum's Closed Block segment, which includes its long-term care insurance business, saw a significant drop in adjusted operating income to $3.9 million from $51.6 million in the prior-year period, primarily due to lower claimant mortality and higher average new claim size [1].

Despite the earnings miss, Unum maintained a strong capital position with a weighted average risk-based capital ratio of approximately 485% and holding company liquidity of $2.0 billion. The company repurchased $300 million of shares during the quarter, bringing year-to-date repurchases to $500 million [1].

Unum revised its full-year 2025 outlook for after-tax adjusted operating income per share to approximately $8.50, compared to $8.44 in 2024. Book value per common share grew 18.2% YoY to $65.76, while book value excluding accumulated other comprehensive income increased 9.7% to $77.62 [1].

Analysts' Outlook: Analysts had expected Unum's revenue to grow 2.7% year on year to $3.33 billion and adjusted earnings to come in at $2.21 per share. However, the company missed these expectations [2].

Unum's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $97.23 (compared to the current share price of $80.76) [2].

Peer Performance: Some of Unum's peers in the insurance segment have already reported their Q2 results, with Globe Life delivering year-on-year revenue growth of 3.2% and Stewart Information Services reporting revenues up 20.1%, topping estimates by 9.2% [2].

Conclusion: While Unum Group's Q2 earnings missed analyst expectations, the company's revenue growth and strong capital position suggest resilience in its business model. Investors should continue to monitor Unum's execution of its strategic priorities and growth strategy heading into the rest of the year.

References:
[1] https://www.investing.com/news/earnings/unum-group-shares-fall-3-as-q2-earnings-miss-overshadows-revenue-beat-93CH-4158512
[2] https://finance.yahoo.com/news/unum-group-unm-reports-q2-031248478.html