Unum Group Q2 2026 Earnings: Adjusted EPS $2.16, Full-Year Guidance Raised to $8.60-$8.90
UNM sits 24% above its 52-week low of $68.275.
Summary
Unum Group posted Q2 2026 adjusted EPS of $2.16, raised full-year guidance to $8.60–$8.90, and returned $750 million to shareholders year-to-date, while the long-term care reinsurance deal remains on track to close in H2 2026.
Key Events · Earnings and Guidance · UNM
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Q2 2026 Adjusted EPS of $2.16
After-tax adjusted operating income was $346.0 million, or $2.16 per diluted share, compared to $360.2 million, or $2.06 per share, in Q2 2025. Net income was $256.9 million, or $1.61 per diluted share.
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Full-Year 2026 Guidance Raised
Management raised its full-year 2026 after-tax adjusted operating income per share outlook to $8.60–$8.90, representing 8–12% growth over the redefined 2025 result of $7.93 per share.
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Robust Capital Return
The company repurchased approximately $200 million of shares in Q2 2026, bringing year-to-date capital return to approximately $750 million, including $150 million in dividends.
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Strong Balance Sheet and Liquidity
Holding company liquidity stood at $1.5 billion, and the weighted average risk-based capital ratio for traditional U.S. insurance companies was approximately 480%, well above target levels.
Analysis · UNM · Finance
Unum Group reported second-quarter 2026 results with after-tax adjusted operating income of $346.0 million, or $2.16 per diluted share, slightly below the prior-year quarter's $2.06 but supported by 3.6% constant-currency premium growth and strong core margins. The company raised its full-year 2026 adjusted EPS outlook to $8.60–$8.90, implying 8–12% growth, and returned approximately $750 million to shareholders year-to-date through buybacks and dividends. The Closed Block segment loss widened to $75.4 million, reflecting lower investment income and reinsurance costs, but the long-term care reinsurance transaction remains on track to close in the second half of 2026, which would further de-risk the balance sheet. With a robust capital position—holding company liquidity of $1.5 billion and a risk-based capital ratio near 480%—the results reinforce Unum's ability to sustain capital returns while managing legacy liabilities.
At the time of this filing, UNM was trading at $84.50 on NYSE in the Finance sector, with a market capitalization of approximately $14B. The 52-week trading range was $68.28 to $93.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.