Unum Group Q1 revenue rises

Unum

28/04/2026 21:30

Overview

US workplace benefits insurer's Q1 revenue rose, beating analyst expectations

Net income increased yr/yr, while after-tax adjusted operating income was up slightly

Company repurchased $400 mln in shares during the quarter

Outlook

Unum Group sees full-year 2026 after-tax adjusted operating income per share of $8.60 to $8.90

Result Drivers

CORE OPERATIONS GROWTH - Premium and sales growth in core operations, particularly Unum US and Colonial Life, driven by positive customer demand and retention

CLAIM INCIDENCE IMPACT - Higher claim incidence and average claim size in certain lines, notably group disability and supplemental/voluntary benefits, weighed on segment operating income

CLOSED BLOCK LOSSES - Significant operating loss in the Closed Block segment, mainly from group policy terminations, claim incidence in long-term care, and lower investment income

Company press release: ID:nBw10MHd8a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$3.36 bln
$2.85 bln (5 Analysts)
Q1 Net Income
$232 mln
Q1 Adjusted Operating Income
$352.50 mln
Q1 Pretax Profit
$302.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the life & health insurance peer group is "buy"

Wall Street's median 12-month price target for Unum Group is $91.00, about 18% above its April 27 closing price of $77.13

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)