Description

Unum Group: Can Its “Fair Pricing” Disability Strategy Win Employer Loyalty Without Sacrificing Margins?

Unum Group’s financial performance in the third quarter of 2025 highlighted the persistent strength and stability of its core operations, albeit alongside some pressures from legacy segments. The core businesses registered a solid performance, with Unum US reporting nearly 4% premium growth after adjustments and Colonial Life showing over 3% growth. Unum International impressed with a substantial 10% growth. This growth trajectory reflects strong market positioning and value proposition for employers, supported by innovative technology platforms like HR Connect and Total Leave that enhance customer interaction and retention. The company’s earnings per share (EPS) were $2.09, which falls short of expectations primarily due to volatility in the Closed Block segment. However, Unum’s core operations showed earnings power above recent expectations with a near 20% return on equity, reflecting strong risk management and pricing discipline.