Unum Group
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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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.
Mar 31, 2025 · Filed Apr 30, 2025
Contents
Corporate Segment
The Corporate segment includes investment income on corporate assets not specifically allocated to a line of business, interest expense on corporate debt, and certain other corporate income and expenses not allocated to a line of business.
| (in millions of dollars) | |||
|---|---|---|---|
| Three Months Ended March 31 | |||
| 2025 | % Change | 2024 | |
| Adjusted Operating Revenue | |||
| Net Investment Income | $23.9 | 32.8% | $18.0 |
| Other Income | — | (100.0) | 0.7 |
| Total | 23.9 | 27.8 | 18.7 |
| Interest and Other Expenses | 65.0 | 0.3 | 64.8 |
| Adjusted Operating Loss | $(41.1) | (10.8) | $(46.1) |
Adjusted operating loss decreased in the first quarter of 2025 relative to the same period of 2024 due primarily to increased net investment income, which was driven by an increase in the level of invested assets.
We expect to continue to generate excess capital on an annual basis through the statutory earnings in our insurance subsidiaries and believe we are well positioned with flexibility to preserve our capital strength while also returning capital to our shareholders. We may experience volatility in net investment income due to changes in the prevailing interest rates as well as both the composition and level of invested assets.
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