Unum Group reported second-quarter 2026 revenue of $3.37 billion, beating Wall Street expectations of $3.02 billion, while adjusted earnings per share of $2.16 matched analyst consensus. Sales were flat compared to the prior year, and the stock declined from $87.93 to $82.89 following the release. CEO Richard McKenney cited strong U.S. sales growth and stable Colonial Life performance, but noted elevated claims in paid family and medical leave and U.K. group income protection as headwinds. CFO Steve Zabel said the company has begun implementing double-digit rate adjustments for new and renewing PFML business, while targeted pricing actions are underway in the U.K. segment, though margin pressure is expected to persist in the near term. The company also announced a reinsurance transaction transferring $3.8 billion of long-term care reserves to reduce risk, and returned $275 million to shareholders through dividends and buybacks during the quarter.
Unum GroupRevenue beat estimates but flat sales year-on-year and elevated claims in PFML and U.K. segments weigh on outlook, causing stock decline.