Overview

• Workplace benefits provider's Q4 revenue missed analyst expectations

• Net income for Q4 fell compared to the previous year

• Company returned $1.3 bln to shareholders in 2025

Outlook

• Unum Group expects 2026 premium growth of 4% to 7%

• Company forecasts 2026 after-tax adjusted operating income per share of $8.60 to $8.90

• Unum Group to exclude Closed Block segment from adjusted operating income calculation in 2026

Result Drivers

• PREMIUM INCOME - Unum US segment saw a 1.6% increase in premium income, driven by sales, despite a decrease in group disability premiums due to expected run-off

• INTERNATIONAL GROWTH - Unum International segment reported a 17.1% increase in premium income, driven by in-force block growth and favorable persistency

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 $92.00, about 19.5% above its February 4 closing price of $76.97

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw9yQGs8a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)