Description

Unum Group’s 22% U.S. Group Sales Surge: Can Momentum Outrun Claims Pressure?

Unum Group reported a solid start to 2026 with a mix of positive developments and ongoing challenges across its core business lines and balance sheet management. The company delivered after-tax adjusted operating earnings of $353 million and an EPS of $2.14, reflecting nearly 10% growth year-over-year. Core operations showed earned premium growth exceeding 5% when adjusted for transactions, with particularly strong momentum in the U.S. group business where sales increased by 22%, persistency rose to 92%, and group life premiums grew approximately 5%. Group Life and Accident & Health (AD&D) lines posted record earnings, contributing to a high return on equity, while group disability maintained consistent strength and aligned with long-term fundamentals despite some elevated claims in newer paid family and medical leave (PFML) states.