Unum Group
For the period ended Sep 30, 2025. Filed Nov 4, 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.
Sep 30, 2025 · Filed Nov 4, 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 September 30 | Nine Months Ended September 30 | |||||
| 2025 | % Change | 2024 | 2025 | % Change | 2024 | |
| Operating Revenue | ||||||
| Net Investment Income | $19.7 | 57.6% | $12.5 | $75.9 | 69.4% | $44.8 |
| Other Income | 0.3 | 100.0 | — | — | (100.0) | 1.1 |
| Total | 20.0 | 60.0 | 12.5 | 75.9 | 65.4 | 45.9 |
| Interest, Debt, and Other Expenses | 67.7 | (12.3) | 77.2 | 196.4 | (2.8) | 202.0 |
| Loss Before Income Tax and Net Investment Gains and Losses | (47.7) | (26.3) | (64.7) | (120.5) | (22.8) | (156.1) |
| Loss on Legal Settlement | — | (100.0) | 15.3 | — | (100.0) | 15.3 |
| Adjusted Operating Loss | $(47.7) | (3.4) | $(49.4) | $(120.5) | (14.4) | $(140.8) |
Adjusted operating loss, excluding the loss on legal settlement, decreased in the third quarter and first nine months of 2025 relative to the same periods of 2024 due primarily to increased net investment income, which was driven by an increase in the level of invested assets, an increase in miscellaneous investment income, and an increase in the yield on invested assets. See "Executive Summary" contained herein this Item 2 and Note 14 of the "Notes to Consolidated Financial Statements" contained herein in Item 1 for further discussion on the loss on legal settlement.
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, miscellaneous investment income, and the composition and level of invested assets.
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