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Unum Group

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

UNM$76.75+3.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

FORM 10-Q

(Mark One)

☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2024

☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to

Commission file number 001-11294

Unum Group

(Exact name of registrant as specified in its charter)

Delaware62-1598430
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1 Fountain SquareChattanooga, Tennessee37402
(Address of principal executive offices)(Zip Code)
(423) 294-1011
(Registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.10 par valueUNMNew York Stock Exchange
6.250% Junior Subordinated Notes due 2058UNMANew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

(Check one):

Large Accelerated FilerxAccelerated filer☐
Non-accelerated filer¨Smaller reporting company☐
Emerging growth company☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

185,772,511 shares of the registrant's common stock were outstanding as of July 29, 2024.

TABLE OF CONTENTS

Page
Cautionary Statement Regarding Forward-Looking Statements1
PART I - FINANCIAL INFORMATION
Item 1.Financial Statements (Unaudited):3
Consolidated Balance Sheets at June 30, 2024 and December 31, 20233
Consolidated Statements of Income for the three and six months ended June 30, 2024 and 20235
Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2024 and 20236
Consolidated Statements of Stockholders' Equity for the three and six months ended June 30, 2024 and 20237
Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 20238
Notes to Consolidated Financial Statements9
Note 1 - Basis of Presentation9
Note 2 - Accounting Developments9
Note 3 - Fair Value of Financial Instruments11
Note 4 - Investments29
Note 5 - Derivative Financial Instruments44
Note 6 - Accumulated Other Comprehensive Loss53
Note 7 - Liability for Future Policy Benefits55
Note 8 - Policyholders' Account Balances71
Note 9 - Deferred Acquisition Costs74
Note 10 - Segment Information76
Note 11 - Employee Benefit Plans80
Note 12 - Stockholders' Equity and Earnings Per Common Share81
Note 13 - Commitments and Contingent Liabilities83
Note 14 - Debt and Other84
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations85
Item 3.Quantitative and Qualitative Disclosures About Market Risk125
Item 4.Controls and Procedures125
PART II - OTHER INFORMATION
Item 1.Legal Proceedings126
Item 1A.Risk Factors126
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds126
Item 5.Other Information126
Item 6.Exhibits127
Signatures128
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.