Loading...
•
Mar 31
Unum Q1 2025 Earnings Report
Unum reported a decline in net income but posted strong adjusted earnings and maintained a robust capital position in Q1 2025.
Key Takeaways
Unum Group delivered solid adjusted operating results in Q1 2025 with $365.5 million in adjusted income, despite a drop in GAAP net income driven by investment losses. The company showed steady revenue growth and strengthened its balance sheet.
Adjusted operating income was $365.5 million, supported by premium growth and favorable persistency trends.
GAAP net income declined to $189.1 million, impacted by a $163.4 million after-tax investment loss.
Book value per share excluding AOCI rose 10.8% YoY to $76.17.
The risk-based capital ratio remained strong at approximately 460% with $2.2 billion in holding company liquidity.
Unum
Unum
Unum Revenue by Segment
Unum Revenue by Geographic Location
Revenue by Segment
Unum US Revenue
CapyFin.comUnum International Revenue
CapyFin.comColonial Life Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comUnited Kingdom Revenue
CapyFin.comPoland Revenue
CapyFin.com Forward Guidance
Unum expects full-year 2025 adjusted operating income per share to grow 6% to 10% over 2024.
Positive Outlook
- Premium growth across core operations.
- Strong liquidity position supports strategic flexibility.
- Improved book value metrics.
- Solid capital buffer with 460% RBC ratio.
- Favorable claims and persistency trends in several product lines.
Challenges Ahead
- Decrease in net income due to investment losses.
- Persistency declines in several group product lines.
- Sales drop in group disability and Unum International segments.
- Net investment income slightly declined in key areas.
- Increased benefit ratios in some products due to higher claims incidence.