Unum posts higher Q2 revenue 

Overview

• Unum Q2 2025 revenue largely in line with analyst expectations, per LSEG data, driven by premium growth in co's capital-efficient, high-return businesses

• Net income for Q2 2025 declines to $335.6 mln from $389.5 mln yr/yr

• Co revises full-year 2025 after-tax adjusted operating income per share outlook

Outlook

• Company revises full-year 2025 after-tax adjusted operating income per share outlook to $8.50

• Revises full year share repurchase expectation to the top end of co's outlook range of $500 million to $1.0 billion

• Company confident in executing growth strategy with strong capital position

Result Drivers

• PREMIUM GROWTH - Unum reports 4.6% premium growth on a constant currency basis, driven by core operations

• REINSURANCE TRANSACTION - Successfully closed long-term care reinsurance transaction, reducing exposure to closed block

• CAPITAL MANAGEMENT - Repurchased $300 mln of shares in Q2, revising full-year repurchase expectation to $500 mln to $1 bln

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the life & health insurance peer group is "buy"

• Wall Street's median 12-month price target for Unum Group is $95.50, about 16.1% above its July 28 closing price of $80.08

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: