NYSE : UNM
Unum Group — Financial statements
Financials · Insurance - Life · United States
Last price 91.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 14.43B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 10.99B | 10.83B | 10.50B | 10.05B | 9.62B | 9.47B |
| Total Interest & Dividend Income | 1.83B | 1.94B | 2.03B | 2.02B | 2.01B | 2.04B |
| Gain (Loss) on Sale of Investments | 233.70M | 21.50M | 92.50M | 66.90M | 108.40M | 258.80M |
| Other Revenue | 293.10M | 281.50M | 270.50M | 254.40M | 247.10M | 230.60M |
| Total Revenue | 13.35B | 13.08B | 12.89B | 12.39B | 11.98B | 12.01B |
| Policy Benefits | 8.22B | 8.07B | 6.92B | 7.26B | 6.99B | 7.55B |
| Policy Acquisition & Underwriting Costs | 1.21B | 1.19B | 1.13B | 1.02B | 950.60M | 967.00M |
| Selling, General & Administrative | 17.80M | 17.80M | 17.30M | 16.40M | 19.60M | 35.20M |
| Other Operating Expenses | 1.56B | 1.48B | 1.20B | 1.10B | 987.10M | 938.10M |
| Total Operating Expenses | 12.23B | 11.93B | 10.42B | 10.55B | 10.04B | 10.47B |
| Operating Income | 1.12B | 1.14B | 2.47B | 1.83B | 1.94B | 1.54B |
| Interest Expense | -211.20M | -208.80M | -201.10M | -194.80M | -188.50M | -185.00M |
| EBT Excluding Unusual Items | 905.10M | 933.50M | 2.27B | 1.64B | 1.75B | 1.35B |
| Asset Writedown | -26.00M | |||||
| Legal Settlements | -15.30M | |||||
| Other Unusual Items | -4.20M | -67.30M | ||||
| Pretax Income | 905.10M | 933.50M | 2.25B | 1.64B | 1.75B | 1.26B |
| Income Tax Expense | 202.40M | 195.00M | 472.20M | 356.30M | 342.80M | 279.60M |
| Net Income | 702.70M | 738.50M | 1.78B | 1.28B | 1.41B | 981.00M |
| Net Income to Common | 702.70M | 738.50M | 1.78B | 1.28B | 1.41B | 981.00M |
| Shares Outstanding (Basic) | 165.36M | 172.51M | 187.50M | 196.66M | 200.65M | 204.23M |
| Shares Outstanding (Diluted) | 165.72M | 172.92M | 188.07M | 197.60M | 202.11M | 204.85M |
| EPS (Basic) | 4.25 | 4.28 | 9.49 | 6.53 | 7.01 | 4.80 |
| EPS (Diluted) | 4.24 | 4.27 | 9.46 | 6.50 | 6.96 | 4.79 |
| Free Cash Flow | 693.00M | 555.40M | 1.39B | 1.07B | 1.32B | 1.28B |
| Free Cash Flow Per Share | 4.18 | 3.21 | 7.38 | 5.41 | 6.51 | 6.24 |
| Dividend Per Share | 1.89 | 1.80 | 1.62 | 1.43 | 1.29 | 1.19 |
| Operating Margin | 8.36% | 8.74% | 19.15% | 14.81% | 16.21% | 12.82% |
| Profit Margin | 5.27% | 5.65% | 13.80% | 10.37% | 11.74% | 8.17% |
| Free Cash Flow Margin | 5.19% | 4.25% | 10.77% | 8.62% | 10.98% | 10.64% |
| EBITDA | 1.26B | 1.27B | 2.58B | 1.94B | 2.05B | 1.66B |
| EBITDA Margin | 9.45% | 9.68% | 20.05% | 15.69% | 17.13% | 13.81% |
| D&A For EBITDA | 145.20M | 123.00M | 116.10M | 108.80M | 110.50M | 119.80M |
| EBIT | 1.12B | 1.14B | 2.47B | 1.83B | 1.94B | 1.54B |
| EBIT Margin | 8.36% | 8.74% | 19.15% | 14.81% | 16.21% | 12.82% |
| Effective Tax Rate | 22.36% | 20.89% | 20.97% | 21.72% | 19.59% | 22.18% |
| Revenue as Reported | 13.35B | 13.08B | 12.89B | 12.39B | 11.98B | 12.01B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 34.44B | 33.05B | 35.62B | 36.83B | 34.84B | 43.33B |
| Investments in Equity & Preferred Securities | 1.45B | 1.48B | 1.48B | 1.36B | 1.22B | 1.03B |
| Policy Loans | 3.68B | 3.67B | 3.62B | 3.62B | 3.60B | 3.66B |
| Other Investments | 2.04B | 3.19B | 2.75B | 1.83B | 1.61B | 1.57B |
| Total Investments | 43.69B | 43.50B | 45.69B | 45.96B | 43.71B | 52.15B |
| Cash & Equivalents | 199.20M | 158.20M | 162.80M | 146.00M | 119.20M | 75.00M |
| Reinsurance Recoverable | 11.09B | 11.57B | 8.30B | 9.11B | 9.61B | 10.92B |
| Other Receivables | 2.31B | 2.03B | 2.11B | 2.18B | 2.10B | 2.12B |
| Deferred Policy Acquisition Cost | 3.03B | 2.92B | 2.84B | 2.71B | 2.56B | 2.21B |
| Property, Plant & Equipment | 506.10M | 559.40M | 532.70M | 521.10M | 489.40M | 511.80M |
| Goodwill | 353.00M | 353.90M | 349.10M | 349.90M | 347.60M | 352.20M |
| Long-Term Deferred Tax Assets | 48.40M | 79.50M | 369.70M | 649.40M | 586.00M | |
| Other Long-Term Assets | 2.27B | 2.34B | 1.61B | 1.63B | 1.63B | 1.78B |
| Total Assets | 63.49B | 63.52B | 61.96B | 63.26B | 61.15B | 70.12B |
| Insurance & Annuity Liabilities | 45.06B | 45.13B | 43.97B | 47.29B | 46.07B | 51.71B |
| Unearned Premiums | 572.00M | 412.80M | 384.00M | 380.20M | 365.50M | 347.50M |
| Current Portion of Long-Term Debt | 222.50M | 268.70M | 530.30M | 116.00M | 75.90M | 35.00M |
| Current Portion of Leases | 22.40M | |||||
| Current Income Taxes Payable | 101.80M | 52.20M | 226.50M | 190.00M | 190.90M | 159.10M |
| Long-Term Debt | 3.76B | 3.77B | 3.47B | 3.43B | 3.43B | 3.44B |
| Long-Term Leases | 56.50M | |||||
| Long-Term Deferred Tax Liabilities | 37.40M | 38.80M | 31.00M | 27.00M | 25.20M | 458.40M |
| Other Current Liabilities | 500.00K | 1.00M | 1.70M | 14.00M | 30.10M | |
| Other Long-Term Liabilities | 2.92B | 2.51B | 2.39B | 2.16B | 2.24B | 2.52B |
| Total Liabilities | 52.68B | 52.40B | 51.00B | 53.60B | 52.41B | 58.70B |
| Common Stock | 19.60M | 19.60M | 19.50M | 19.40M | 30.80M | 30.70M |
| Additional Paid-In Capital | 1.61B | 1.59B | 1.49B | 1.55B | 2.44B | 2.41B |
| Retained Earnings | 13.68B | 13.35B | 12.91B | 11.43B | 13.14B | 11.85B |
| Treasury Stock | -2.63B | -2.03B | -938.30M | -39.30M | -3.43B | -3.23B |
| Comprehensive Income & Other | -1.87B | -1.81B | -2.52B | -3.31B | -3.45B | 354.10M |
| Shareholders' Equity | 10.81B | 11.12B | 10.96B | 9.65B | 8.73B | 11.42B |
| Total Liabilities & Equity | 63.49B | 63.52B | 61.96B | 63.26B | 61.15B | 70.12B |
| Filing Date Shares Outstanding | 158.31M | 163.75M | 176.78M | 191.52M | 197.29M | 202.56M |
| Total Common Shares Outstanding | 158.30M | 165.69M | 178.59M | 193.37M | 197.75M | 202.51M |
| Total Debt | 3.99B | 4.12B | 4.00B | 3.55B | 3.50B | 3.48B |
| Net Cash (Debt) | -3.79B | -3.96B | -3.83B | -3.40B | -3.38B | -3.40B |
| Net Cash Per Share | -22.85 | -22.88 | -20.38 | -17.21 | -16.75 | -16.61 |
| Book Value Per Share | 68.28 | 67.11 | 61.38 | 49.91 | 44.17 | 56.37 |
| Tangible Book Value | 10.46B | 10.77B | 10.61B | 9.30B | 8.39B | 11.06B |
| Tangible Book Value Per Share | 66.05 | 64.97 | 59.42 | 48.10 | 42.41 | 54.63 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 702.70M | 738.50M | 1.78B | 1.28B | 1.41B | 981.00M |
| Depreciation & Amortization | 145.20M | 123.00M | 116.10M | 108.80M | 110.50M | 119.80M |
| Gain (Loss) on Sale of Assets | -12.30M | -12.30M | -500.00K | -5.00M | -1.40M | -5.80M |
| Gain (Loss) on Sale of Investments | -80.00M | 119.20M | 31.50M | 48.70M | 26.50M | -55.40M |
| Change in Accounts Receivable | 321.00M | 529.40M | 623.90M | 602.70M | 590.60M | 676.10M |
| Change in Income Taxes | 58.30M | -22.60M | 97.60M | -84.30M | -31.30M | 335.30M |
| Change in Insurance Reserves / Liabilities | 577.70M | 437.30M | -780.90M | -313.20M | -244.70M | 37.70M |
| Change in Other Net Operating Assets | 104.80M | -112.40M | -32.30M | -74.80M | -113.90M | 11.30M |
| Other Operating Activities | -777.40M | -941.90M | -206.70M | -219.20M | -194.60M | -636.70M |
| Operating Cash Flow | 830.40M | 687.70M | 1.51B | 1.20B | 1.42B | 1.39B |
| Capital Expenditures | -137.40M | -132.30M | -125.70M | -134.80M | -102.20M | -110.30M |
| Investment in Securities | -534.90M | 350.30M | -470.50M | -492.80M | -802.90M | -1.18B |
| Other Investing Activities | -156.20M | 330.90M | 251.80M | -98.30M | -50.80M | -50.70M |
| Investing Cash Flow | -828.50M | 548.90M | -344.40M | -725.90M | -955.90M | -1.34B |
| Long-Term Debt Issued | 296.00M | 391.60M | 349.20M | 588.10M | ||
| Total Debt Repaid | -282.20M | -275.00M | -350.00M | -2.00M | -364.00M | -500.00M |
| Net Debt Issued (Repaid) | 13.80M | 21.00M | 41.60M | -2.00M | -14.80M | 88.10M |
| Issuance of Common Stock | 5.30M | 5.10M | 6.00M | 5.20M | 4.20M | 3.80M |
| Repurchases of Common Stock | -1.12B | -1.01B | -972.90M | -250.10M | -200.10M | -50.00M |
| Common Dividends Paid | -307.50M | -306.20M | -296.50M | -277.10M | -254.20M | -239.40M |
| Other Financing Activities | 3.50M | 13.60M | 19.30M | 17.50M | -1.50M | -18.80M |
| Financing Cash Flow | -997.50M | -1.24B | -1.15B | -450.10M | -418.60M | -168.90M |
| Net Cash Flow | -995.60M | -4.60M | 16.80M | 26.80M | 44.20M | -122.00M |
| Free Cash Flow | 693.00M | 555.40M | 1.39B | 1.07B | 1.32B | 1.28B |
| Free Cash Flow Margin | 5.19% | 4.25% | 10.77% | 8.62% | 10.98% | 10.64% |
| Free Cash Flow Per Share | 4.18 | 3.21 | 7.38 | 5.41 | 6.51 | 6.24 |
| Levered Free Cash Flow | -2.23B | -3.19B | 1.44B | 1.27B | 2.52B | 888.49M |
| Unlevered Free Cash Flow | -2.10B | -3.06B | 1.57B | 1.39B | 2.64B | 1.00B |
| Cash Interest Paid | 201.10M | 201.10M | 190.40M | 183.60M | 172.90M | 181.60M |
| Cash Income Tax Paid | 93.70M | 93.70M | 376.00M | 446.00M | 375.00M | -51.00M |
| Change in Working Capital | 864.30M | 652.70M | -222.20M | -20.40M | 64.90M | 989.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.36B | 12.97B | 13.34B | 8.82B | 8.16B | 5.02B |
| Enterprise Value | 18.15B | 16.64B | 16.77B | 12.30B | 11.50B | 8.34B |
| PE Ratio | 21.41 | 17.56 | 7.50 | 6.87 | 5.80 | 5.12 |
| PS Ratio | 1.08 | 0.99 | 1.03 | 0.71 | 0.68 | 0.42 |
| PB Ratio | 1.33 | 1.17 | 1.22 | 0.91 | 0.93 | 0.44 |
| P/FCF Ratio | 20.73 | 23.35 | 9.61 | 8.26 | 6.20 | 3.93 |
| P/OCF Ratio | 17.30 | 18.86 | 8.81 | 7.33 | 5.75 | 3.62 |
| EV/Sales Ratio | 1.36 | 1.27 | 1.30 | 0.99 | 0.96 | 0.69 |
| EV/EBITDA Ratio | 14.39 | 13.15 | 6.49 | 6.33 | 5.60 | 5.03 |
| EV/EBIT Ratio | 16.26 | 14.57 | 6.80 | 6.70 | 5.92 | 5.42 |
| EV/FCF Ratio | 26.20 | 29.97 | 12.09 | 11.52 | 8.74 | 6.53 |
| Debt / Equity Ratio | 0.37 | 0.37 | 0.36 | 0.37 | 0.40 | 0.30 |
| Debt / EBITDA Ratio | 3.12 | 3.21 | 1.55 | 1.82 | 1.71 | 2.10 |
| Debt / FCF Ratio | 5.75 | 7.41 | 2.88 | 3.32 | 2.66 | 2.72 |
| Net Debt / Equity Ratio | 0.35 | 0.36 | 0.35 | 0.35 | 0.39 | 0.30 |
| Net Debt / EBITDA Ratio | 3.00 | 3.13 | 1.48 | 1.75 | 1.65 | 2.05 |
| Net Debt / FCF Ratio | 5.46 | 7.12 | 2.76 | 3.18 | 2.57 | 2.66 |
| Quick Ratio | 4.13 | 6.08 | 3.65 | 4.80 | 4.64 | 5.22 |
| Current Ratio | 17.26 | 22.16 | 11.49 | 18.96 | 20.45 | 25.37 |
| Asset Turnover | 0.21 | 0.21 | 0.21 | 0.20 | 0.18 | 0.17 |
| Return on Equity (ROE) | 6.35% | 6.69% | 17.26% | 13.96% | 13.97% | 8.80% |
| Return on Assets (ROA) | 1.10% | 1.14% | 2.46% | 1.84% | 1.85% | 1.37% |
| Return on Invested Capital (ROIC) | 5.83% | 5.99% | 13.85% | 11.29% | 11.52% | 8.23% |
| Earnings Yield | 4.67% | 5.70% | 13.34% | 14.56% | 17.24% | 19.53% |
| FCF Yield | 4.82% | 4.28% | 10.40% | 12.11% | 16.13% | 25.42% |
| Dividend Yield | 2.23% | 2.30% | 2.18% | 3.12% | 3.12% | 4.78% |
| Payout Ratio | 47.68% | 41.46% | 16.67% | 21.58% | 18.06% | 24.40% |
| Buyback Yield / Dilution | 8.15% | 8.05% | 4.82% | 2.23% | 1.34% | -0.54% |
| Total Shareholder Return | 10.38% | 10.35% | 7.00% | 5.35% | 4.46% | 4.24% |