Earnings Releases·Nov 3, 2026, 4:22 PM ET

Unum Group — Third Quarter 2026 Earnings Summary

Reported a net loss of $419.7 million ($2.65 per share) for Q3 2026, reversing a $39.7 million net income from the prior year, driven by an $853.0 million net investment loss primarily from Fortitude Re impairment; adjusted operating income fell 27.2% to $349.0 million ($2.20 per share) from $479.4 million in Q3 2025.
Full-year 2026 after-tax adjusted operating income per share guidance remains $8.30 to $8.50, incorporating revised definitions that now include annual reserve assumption updates and refinements.
Strategic capital return activity included $202.0 million in share repurchases and $80.1 million in dividends during the quarter, reducing shares outstanding to 156.2 million, while book value per share rose 6.7% to $68.90.
Performance was mixed across segments: Colonial Life adjusted operating income grew 35.0% to $169.4 million, while Unum US declined 35.2% and Unum International dropped 99.5% due to elevated claims in group disability and unfavorable reserve updates in the UK.
The company maintains a strong capital position with a risk-based capital ratio of approximately 485% and $1.4 billion in holding company liquidity, anticipating robust protections from the closing Fortitude Re transaction.