Unum Group
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
UNM$76.75+3.8%Stored close · as of Nov 6, 2026
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Financial Statements at December 31, 202 and 202 and for the Years Ended December 31, 202 Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
| December 31 | ||
|---|---|---|
| 2024 | 2023 | |
| (in millions of dollars) | ||
| Assets | ||
| Investments | ||
| Fixed Maturity Securities - at fair value (amortized cost of $38,269.9; $38,410.6; allowance for credit losses of $2.8; $2.2) | $35,629.9 | $36,833.9 |
| Mortgage Loans (net of allowance for credit losses of $16.1; $10.2) | 2,224.5 | 2,318.2 |
| Policy Loans | 3,617.2 | 3,620.2 |
| Other Long-term Investments | 1,694.4 | 1,579.4 |
| Short-term Investments | 2,540.3 | 1,610.7 |
| Total Investments | 45,706.3 | 45,962.4 |
| Other Assets | ||
| Cash and Bank Deposits | 162.8 | 146.0 |
| Accounts and Premiums Receivable (net of allowance for credit losses of $26.8; $29.5) | 1,459.0 | 1,543.7 |
| Reinsurance Recoverable (net of allowance for credit losses of $1.5; $1.7) | 8,296.4 | 9,108.4 |
| Accrued Investment Income | 649.8 | 633.9 |
| Deferred Acquisition Costs | 2,842.8 | 2,714.5 |
| Goodwill | 349.1 | 349.9 |
| Property and Equipment | 487.6 | 485.3 |
| Deferred Income Tax | 369.7 | 649.4 |
| Other Assets | 1,635.8 | 1,661.7 |
| Total Assets | $61,959.3 | $63,255.2 |
CONSOLIDATED BALANCE SHEETS - Continued
| December 31 | ||
|---|---|---|
| 2024 | 2023 | |
| (in millions of dollars) | ||
| Liabilities and Stockholders' Equity | ||
| Liabilities | ||
| Future Policy Benefits | $36,806.4 | $40,009.4 |
| Policyholders' Account Balances | 5,633.7 | 5,667.7 |
| Unearned Premiums | 384.0 | 380.2 |
| Other Policyholders’ Funds | 1,526.7 | 1,615.7 |
| Income Tax Payable | 226.5 | 190.0 |
| Deferred Income Tax | 31.0 | 27.0 |
| Short-term Debt | 274.6 | — |
| Long-term Debt | 3,465.2 | 3,430.4 |
| Other Liabilities | 2,650.1 | 2,283.4 |
| Total Liabilities | 50,998.2 | 53,603.8 |
| Stockholders' Equity | ||
| Common Stock, $0.10 par | ||
| Authorized: 725,000,000 shares | ||
| Issued: 195,460,723 and 194,588,625 shares | 19.5 | 19.4 |
| Additional Paid-in Capital | 1,489.6 | 1,547.8 |
| Accumulated Other Comprehensive Loss | (2,523.7) | (3,308.0) |
| Retained Earnings | 12,914.0 | 11,431.5 |
| Treasury Stock - at cost: 16,871,752 and 1,216,528 shares | (938.3) | (39.3) |
| Total Stockholders' Equity | 10,961.1 | 9,651.4 |
| Total Liabilities and Stockholders' Equity | $61,959.3 | $63,255.2 |
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