Unum Group (NYSE: UNM) is a Delaware-based corporation that operates primarily in the United States, the United Kingdom, and Poland. The company is a leading provider of financial protection benefits, offering a range of insurance products and related services primarily marketed through the workplace. Unum Group's offerings include disability insurance, life insurance, accident insurance, critical illness insurance, dental and vision insurance, and other related services such as leave and absence management support and behavioral health services.
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Unum US - Provides financial protection benefits in the United States, including group disability, group life and accidental death & dismemberment, and supplemental and voluntary benefits like individual disability, dental, and vision products.
- Group Disability - Offers long-term and short-term disability insurance.
- Group Life and AD&D - Provides life insurance and accidental death & dismemberment coverage.
- Supplemental and Voluntary - Includes voluntary benefits, individual disability, dental, and vision products.
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Colonial Life - Offers voluntary benefits through the workplace in the United States, focusing on accident, sickness, and disability insurance, as well as life, cancer, and critical illness insurance products.
- Accident, Sickness, and Disability - Includes dental and vision products.
- Life - Provides life insurance products.
- Cancer and Critical Illness - Offers specialized health insurance products.
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Closed Block - Manages products that are no longer actively marketed, including group and individual long-term care, individual disability, group pension, and corporate-owned life insurance.
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Unum International - Operates in the United Kingdom and Poland, offering group long-term disability, group life, and supplemental products such as dental and critical illness insurance.
- Unum UK - Provides group long-term disability, group life, and supplemental products.
- Unum Poland - Offers individual and group life insurance with accident and health riders.
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Corporate - Encompasses corporate-level activities, including investment income on corporate assets, interest expense on corporate debt, and other unallocated corporate income and expenses.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Richard P. McKenney ExecutiveBoard | President and Chief Executive Officer | Board Member at U.S. Bancorp | Richard P. McKenney has been CEO since May 2015. He previously served as CFO of Unum and Sun Life Financial. He has led Unum's growth and digital transformation initiatives. | |
Christopher W. Pyne Executive | Executive Vice President, Group Benefits | None | Christopher W. Pyne has been with Unum since 2011 and became EVP of Group Benefits in February 2020. He has extensive experience in sales and client management. | |
Elizabeth C. Ahmed Executive | Executive Vice President, People and Communications | None | Elizabeth C. Ahmed joined Unum in October 2018. She leads HR and communications functions, focusing on employee engagement and organizational culture. | |
Lisa G. Iglesias Executive | Executive Vice President, General Counsel | None | Lisa G. Iglesias joined Unum in January 2015. She oversees legal, compliance, and government affairs, and has strengthened Unum's ethical culture and disclosures. | |
Mark P. Till Executive | Executive Vice President and CEO, Unum International | None | Mark P. Till joined Unum in February 2021 and became CEO of Unum International in April 2021. He previously held leadership roles at Aegon UK and Fidelity International. | |
Martha D. Leiper Executive | Executive Vice President, Chief Investment Officer | None | Martha D. Leiper rejoined Unum in October 2019 as CIO. She oversees investment strategy and portfolio management. She plans to retire in April 2025. | |
Steven A. Zabel Executive | Executive Vice President, Chief Financial Officer | None | Steven A. Zabel joined Unum in 2013 and became CFO in July 2019. He has overseen financial strategies, risk management, and closed block operations. | |
Timothy G. Arnold Executive | Executive Vice President, Voluntary Benefits and President, Colonial Life | None | Timothy G. Arnold has been with Unum since 2010 and currently oversees voluntary benefits and Colonial Life. He has driven product innovation and digital capabilities. | |
Cynthia L. Egan Board | Director | Board Member at BlackRock Fixed Income Fund Complex, The Hanover Insurance Group, Inc., and Huntsman Corporation | Cynthia L. Egan has been a director since 2014. She has expertise in financial services, governance, and technology. | |
Gale V. King Board | Director | Board Member at AutoZone, Inc. | Gale V. King has been a director since 2022. She is the former EVP and Chief Administrative Officer of Nationwide Mutual Insurance Company and has expertise in human capital management. | |
Gloria C. Larson Board | Director | Interim Executive Director of the Massachusetts Convention Center Authority | Gloria C. Larson has been a director since 2004. She has extensive experience in governance, public policy, and regulatory compliance. | |
Joseph J. Echevarria Board | Director | CEO of the University of Miami; Chair of The Bank of New York Mellon Corporation; Board Member at Pfizer Inc. | Joseph J. Echevarria has been a director since 2016. He is the former CEO of Deloitte LLP and has extensive experience in finance, governance, and executive leadership. | |
Kevin T. Kabat Board | Chairman of the Board | Board Member at Crown Castle Inc. and NiSource Inc. | Kevin T. Kabat has been a director since 2008 and Chairman since 2020. He is the former CEO of Fifth Third Bancorp and has extensive financial and governance expertise. | |
Mojgan M. Lefebvre Board | Director | EVP and Chief Technology & Operations Officer at The Travelers Companies, Inc. | Mojgan M. Lefebvre joined the board in 2023. She has expertise in technology, digital transformation, and cybersecurity. | |
Susan D. DeVore Board | Director | Board Member at Elevance Health, Inc. and Solventum Corporation | Susan D. DeVore has been a director since 2018. She is the former CEO of Premier, Inc. and has expertise in healthcare, governance, and executive leadership. | |
Susan L. Cross Board | Director | Board Member at Enstar Group Limited | Susan L. Cross has been a director since 2019. She is an expert in actuarial science, risk management, and insurance operations. | |
Theodore H. Bunting, Jr. Board | Director | Board Member at The Hanover Insurance Group, Inc. and NiSource Inc. | Theodore H. Bunting, Jr. has been a director since 2013. He is a CPA and has extensive experience in accounting, risk management, and regulated industries. | |
Timothy F. Keaney Board | Director | Chair of AlTi Global, Inc. | Timothy F. Keaney has been a director since 2012. He is the former Vice Chairman of The Bank of New York Mellon Corporation and has expertise in investment and financial services. |
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You've expressed confidence in your long-term care reserves, but what external indicators should investors monitor to assess potential reserve adjustments, and why should we be confident that no further capital injections will be needed?
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Your share buyback guidance ranges from $500 million to $1 billion—a fairly wide range; besides earnings, what specific factors would influence you to be at the higher end versus the lower end, and how does potential M&A impact this?
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Previously, you targeted a benefit ratio of 40–43% for the voluntary benefits business, but now you're indicating it will be closer to the mid-40s; has something fundamentally changed to drive higher benefit ratios, such as increased competition?
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Given concerns that group disability benefit ratios might revert to the 70s, what is driving your expectation of sustained favorable performance, and how are you mitigating risks of price competition eroding your margins?
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Unum US premium growth decelerated during 2024, including in the fourth quarter; what factors contributed to this slowdown, and what gives you confidence that growth will rebound in 2025?
Research analysts who have asked questions during Unum earnings calls.
Elyse Greenspan
Wells Fargo
5 questions for UNM
John Barnidge
Piper Sandler
5 questions for UNM
Ryan Krueger
KBW
5 questions for UNM
Jamminder Bhullar
JPMorgan Chase & Co.
4 questions for UNM
Joel Hurwitz
Dowling & Partners Securities, LLC
4 questions for UNM
Mark Hughes
Truist Securities
4 questions for UNM
Suneet Kamath
Jefferies
4 questions for UNM
Thomas Gallagher
Evercore
4 questions for UNM
Wesley Carmichael
Autonomous Research
4 questions for UNM
Alex Scott
Barclays PLC
3 questions for UNM
Francis Matten
BMO Capital Markets
2 questions for UNM
Joshua Shanker
Bank of America Merrill Lynch
2 questions for UNM
Michael Ward
Citi Research
2 questions for UNM
Taylor Scott
BofA Securities
2 questions for UNM
Jack Matson
BMO Capital Markets
1 question for UNM
Jack Matten
BMO Capital Markets
1 question for UNM
Jimmy Bhullar
JPMorgan Chase & Co.
1 question for UNM
Mike Ward
UBS
1 question for UNM
Tom Gallagher
Evercore ISI
1 question for UNM
Wes Carmichael
Autonomous Research
1 question for UNM
Recent press releases and 8-K filings for UNM.
- Net income for Q1 2025 was $189.1 million (or $1.06 per diluted share), reflecting a decline compared to Q1 2024, with notable impacts from investment losses and reinsurance-related adjustments.
- The company reported after-tax adjusted operating income of $365.5 million, alongside solid core operations that demonstrated a 4.2% premium growth on a constant currency basis.
- Unum Group maintained a robust balance sheet with $2.2 billion in liquidity and a risk-based capital ratio of approximately 460%, underscoring its strong financial position.