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Unum

UNM NYSE Life & Health Insurance Financials FY2016–FY2025

Unum's revenue rose 1.5% to $13.1 billion in fiscal 2025. Its net margin was 5.7%, down from 13.8% a year earlier. Free cash flow was $555 million, down 60.0%. It paid out $1.3 billion in dividends and buybacks, 237% of free cash flow. The diluted share count fell 8.1%.

Last close · Oct 23, 2026

$90.28

3.7%
Value it Compare
Revenue Total sales reported in the income statement.
$13.1B
1.5% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$739M
58.5%
Free cash flow Cash from operations minus capital spending.
$555M
60.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
7.6%
9.0 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$14.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
21.0x
On $4.29 EPS (TTM)

About these figures. Unum's filings tag a negative figure (a part of its equity) as its equity including minority owners, so its shareholders' equity is used throughout (Unum has no minority owners).

What Unum does

No business description yet.

Legal name
Unum Group
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000005513-26-000008
0000005513

Revenue and margins

Unum had $13.1B of revenue in fiscal 2025, up 1.5% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 0.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $555M in fiscal 2025, 4.3% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Unum returned $1.3B to shareholders in fiscal 2025, 237% of free cash flow. The diluted share count fell 8.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Unum yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$593M and divides by 172.9M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 21.0x · peers 11.6x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Unum can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $1.5B$1.5B$1.8B$2.7B$3.2B
Debt incl. finance leases $3.4B$3.4B$3.4B$3.7B$3.8B
Net debt / EBITDA 1.3x0.9x0.9x0.4x0.5x
Debt / equity 0.6x0.4x0.4x0.3x0.3x
Interest coverage 7.8x10.3x9.4x12.2x5.5x
Total assets $70.1B$61.1B$63.3B$62.0B$63.5B
Total liabilities $58.7B$52.4B$53.6B$51.0B$52.4B
Shareholders' equity $6.0B$8.7B$9.7B$11.0B$11.1B
Net debt (− = net cash) $2.0B$1.9B$1.7B$1.0B$593M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$4.5M

7 insiders

Of sales under plans

8%

$0.4M

DateInsiderTradeSharesPriceValueFiling
Sep 10, 2026 Timothy F KeaneyDirector Sold 4,300 $94.02 $0.4M Form 4
Sep 10, 2026 Walter Lynn Rice JRSVP, Chief Accounting Officer Sold 2,188 $94.32 $0.2M Form 4
Sep 9, 2026 Lisa G IglesiasEVP, General Counsel Sold 4,000 $94.44 $0.4M Form 4
Apr 30, 2026 Elizabeth Claire AhmedEVP, People & Communications Sold 12,000 $80.14 $1.0M Form 4
Mar 16, 2026 Christopher W PyneEVP, Group Benefits Sold plan 4,852 $72.47 $0.4M Form 4
Mar 9, 2026 Lisa G IglesiasEVP, General Counsel Sold 3,500 $73.00 $0.3M Form 4
Feb 18, 2026 Cynthia EganDirector Sold 9,000 $73.00 $0.7M Form 4
Feb 18, 2026 Timothy F KeaneyDirector Sold 4,500 $72.58 $0.3M Form 4
Dec 9, 2025 Walter Lynn Rice JRSVP, Chief Accounting Officer Sold 900 $73.50 $0.1M Form 4
Nov 19, 2025 Steven Andrew ZabelEVP, Chief Financial Officer Sold 7,500 $76.38 $0.6M Form 4
Nov 7, 2025 Christopher W PyneEVP, Group Benefits Sold 4,000 $78.04 $0.3M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✕
Cash from operations exceeds net income ✕ ✕ ✕
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose — — —
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score — / 9— / 9— / 9
Accruals ratio 0.1%0.4%0.1%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Unum UNM $14.4B 1.5% — 4.3% 7.6% 21.0x —
Principal Financial Group PFG $23.9B −3.1% — — — 15.6x — Compare →
Aflac AFL $60.9B −9.3% — — 13.0% 13.0x — Compare →
Brighthouse Financial BHF $2.6B 43.2% — — — 3.6x — Compare →
Globe Life GL $12.2B 3.7% — 20.9% 16.0% 10.3x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $11.0B $11.3B $11.6B $12.0B $13.2B $12.0B $12.0B $12.4B $12.9B $13.1B
Interest expense $166M $160M $167M $177M $188M $185M $189M $195M $201M $209M
Pretax income $1.3B $1.4B $628M $1.4B $964M $1.3B $1.8B $1.6B $2.3B $934M
Income tax $416M $410M $104M $282M $171M $280M $343M $356M $472M $195M
Net income $931M $994M $523M $1.1B $793M $981M $1.4B $1.3B $1.8B $739M
Diluted EPS $3.95 $4.37 $2.38 $5.24 $3.89 $4.79 $6.96 $6.50 $9.46 $4.27
Diluted shares 0.24B 0.23B 0.22B 0.21B 0.20B 0.20B 0.20B 0.20B 0.19B 0.17B
Cash flow
Cash from operations $1.1B $1.2B $1.5B $1.6B $469M $1.4B $1.4B $1.2B $1.5B $688M
Capital expenditure $85.0M $105M $144M $151M $119M $110M $102M $135M $126M $132M
Free cash flow $1.0B $1.1B $1.4B $1.5B $350M $1.3B $1.3B $1.1B $1.4B $555M
Depreciation and amortization $102M $103M $101M $110M $114M $120M $111M $109M $116M $123M
Stock-based compensation $21.9M $29.5M $26.3M $26.6M $30.4M $35.4M $52.7M $64.1M $47.8M $53.6M
Acquisitions $129M $0.0M $145M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $405M $402M $356M $400M $0.0M $50.0M $200M $250M $973M $1.0B
Dividends paid $183M $196M $216M $229M $232M $239M $254M $277M $297M $306M
Dividends and buybacks $588M $598M $572M $630M $232M $289M $454M $527M $1.3B $1.3B
Balance sheet
Cash and short-term investments $880M $1.2B $1.1B $1.4B $1.7B $1.5B $1.5B $1.8B $2.7B $3.2B
Total debt $3.0B $2.9B $3.0B $3.3B $3.3B $3.4B $3.4B $3.4B $3.7B $3.8B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $501M $505M $547M $534M $498M $463M $452M $485M $488M $504M
Total assets $61.9B $64.0B $61.9B $67.0B $70.6B $70.1B $61.1B $63.3B $62.0B $63.5B
Total liabilities $53.0B $54.4B $53.3B $57.0B $59.8B $58.7B $52.4B $53.6B $51.0B $52.4B
Shareholders' equity $9.0B $9.6B $8.6B $10.0B $10.9B $6.0B $8.7B $9.7B $11.0B $11.1B
Margins
EBITDA margin 14.6% 14.8% 7.7% 13.9% 9.6% 13.0% 17.1% 15.7% 19.9% 9.7%
Net margin 8.4% 8.8% 4.5% 9.2% 6.0% 8.2% 11.7% 10.4% 13.8% 5.7%
FCF margin 9.4% 9.4% 12.0% 12.1% 2.7% 10.6% 11.0% 8.6% 10.8% 4.3%
Returns
Return on capital 9.7% 9.9% 6.1% 11.1% 7.8% 10.9% 16.7% 13.1% 16.6% 7.6%
Return on equity 10.6% 10.7% 5.8% 11.8% 7.6% 11.6% 19.1% 14.0% 17.3% 6.7%
Return on assets 1.5% 1.6% 0.8% 1.7% 1.2% 1.4% 2.1% 2.1% 2.8% 1.2%
Growth
Revenue growth 2.9% 2.2% 2.8% 3.5% 9.7% −8.8% −0.2% 3.4% 4.1% 1.5%
Net income growth 7.4% 6.7% −47.4% 110.2% −27.9% 23.7% 43.5% −8.8% 38.6% −58.5%
EPS growth 12.9% 10.6% −45.5% 120.2% −25.8% 23.1% 45.3% −6.6% 45.5% −54.9%
FCF growth −13.0% 2.1% 31.5% 4.6% −75.9% 264.7% 3.1% −18.9% 29.9% −60.0%
Share count change −4.8% −3.7% −3.2% −4.6% −2.9% 0.5% −1.3% −2.2% −4.8% −8.1%
Financial health
Net debt / EBITDA 1.3x 1.0x 2.1x 1.2x 1.3x 1.3x 0.9x 0.9x 0.4x 0.5x
Debt / equity 0.3x 0.3x 0.3x 0.3x 0.3x 0.6x 0.4x 0.4x 0.3x 0.3x
Interest coverage 9.1x 9.8x 4.8x 8.8x 6.1x 7.8x 10.3x 9.4x 12.2x 5.5x
Capital allocation
Capex / revenue 0.8% 0.9% 1.2% 1.3% 0.9% 0.9% 0.9% 1.1% 1.0% 1.0%
Stock comp / revenue 0.2% 0.3% 0.2% 0.2% 0.2% 0.3% 0.4% 0.5% 0.4% 0.4%
Payouts / FCF 56.7% 56.5% 41.1% 43.2% 66.2% 22.7% 34.5% 49.4% 91.5% 237.0%
Quality scores
Accruals ratio −0.3% −0.3% −1.6% −0.8% 0.5% −0.6% −0.0% 0.1% 0.4% 0.1%

Source: SEC EDGAR XBRL filings (CIK 0000005513). Data updated October 18, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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