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Unum Group

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

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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.

Sep 30, 2025 · Filed Nov 4, 2025

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 September 30, 2025

☐ 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 ☒

167,331,269 shares of the registrant's common stock were outstanding as of October 31, 2025.

TABLE OF CONTENTS

Page
Cautionary Statement Regarding Forward-Looking Statements1
PART I - FINANCIAL INFORMATION
Item 1.Financial Statements (Unaudited):3
Consolidated Balance Sheets at September 30, 2025 and December 31, 20243
Consolidated Statements of Income for the three and nine months ended September 30, 2025 and 20245
Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 30, 2025 and 20246
Consolidated Statements of Stockholders' Equity for the three and nine months ended September 30, 2025 and 20247
Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 20248
Notes to Consolidated Financial Statements9
Note 1 - Basis of Presentation9
Note 2 - Accounting Developments9
Note 3 - Fair Value of Financial Instruments10
Note 4 - Investments28
Note 5 - Derivative Financial Instruments43
Note 6 - Accumulated Other Comprehensive Loss52
Note 7 - Liability for Future Policy Benefits54
Note 8 - Policyholders' Account Balances71
Note 9 - Deferred Acquisition Costs74
Note 10 - Segment Information76
Note 11 - Employee Benefit Plans83
Note 12 - Stockholders' Equity and Earnings Per Common Share84
Note 13 - Commitments and Contingent Liabilities86
Note 14 - Debt and Other87
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations89
Item 3.Quantitative and Qualitative Disclosures About Market Risk138
Item 4.Controls and Procedures138
PART II - OTHER INFORMATION
Item 1.Legal Proceedings139
Item 1A.Risk Factors139
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds139
Item 5.Other Information139
Item 6.Exhibits140
Signatures141
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.