Unum Group
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
Contents
Corpo rate 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) | |||||
|---|---|---|---|---|---|
| Year Ended December 31 | |||||
| 2025 | % Change | 2024 | % Change | 2023 | |
| Operating Revenue | |||||
| Net Investment Income | $93.8 | 60.1% | $58.6 | (41.3)% | $99.8 |
| Other Income | 0.4 | (69.2) | 1.3 | (60.6) | 3.3 |
| Total | 94.2 | 57.3 | 59.9 | (41.9) | 103.1 |
| Interest, Debt, and Other Expenses | 389.6 | 46.2 | 266.4 | 6.8 | 249.5 |
| Loss Before Income Tax and Net Investment Gains and Losses | (295.4) | 43.1 | (206.5) | 41.1 | (146.4) |
| Settlement Loss on the U.S. Pension Plan Annuity Purchase | 103.8 | 100.0 | — | — | — |
| Accelerated Charitable Contribution | 20.0 | 100.0 | — | — | — |
| Loss on Legal Settlement | — | (100.0) | 15.3 | 100.0 | — |
| Adjusted Operating Loss | $(171.6) | (10.3) | $(191.2) | 30.6 | $(146.4) |
Adjusted operating loss, excluding the settlement loss on the U.S. pension plan annuity purchase, the accelerated charitable contribution, and the loss on legal settlement, decreased in 2025 relative to 2024, due primarily to increased net investment income, which was driven by an increase in the level of invested assets and an increase in miscellaneous investment income.
Adjusted operating loss, excluding the loss on legal settlement, increased in 2024 relative to 2023, due primarily to decreased net investment income, which was driven by increased allocations to our lines of business.
See "Executive Summary” contained herein in this Item 7 and Notes 11 and 15 of the "Notes to Consolidated Financial Statements" contained herein in Item 8 for further discussion of the settlement loss on the U.S. pension plan annuity purchase, the accelerated charitable contribution, and 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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