Unum Group
UNM on NYSE. Unum Group sells disability, life, and accident insurance to employers and workers. Market value $14.2bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 14 cents. Above 10 is good.
What you pay for each dollar of net assets: $1.32.
Profit per $100 you pay: $4.94.
Quality score: 66 of 100. Price score: 72 of 100. Our list needs 70 on quality and 60 on price.
$89.93 a share, 30% above its 1-year low
Over the past year the price has ranged from $69.02 to $96.77.
Dividend: 2.2% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $12.0bn | $12.0bn | $12.4bn | $12.9bn | $13.1bn |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.20bn | 0.20bn | 0.18bn | 0.17bn | 0.16bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsShrinking, 0.1% a year
- Buying back its own sharesYes, 20% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $3.4 billion last quarter, about the same as a year ago.
- Profit: $257 million, down 23% on a year ago.
- Spare cash over the past 12 months: $693 million, down from $1.4 billion.
- 8% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $3.2bn |
| December 2024 | $3.2bn |
| March 2025 | $3.1bn |
| June 2025 | $3.4bn |
| September 2025 | $3.4bn |
| December 2025 | $3.2bn |
| March 2026 | $3.4bn |
| June 2026 | $3.4bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $646m |
| December 2024 | $349m |
| March 2025 | $189m |
| June 2025 | $336m |
| September 2025 | $40m |
| December 2025 | $174m |
| March 2026 | $232m |
| June 2026 | $257m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 17 February 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
6 long-term investors we follow own it, up from 4 last quarter. 761 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| LSV Asset ManagementJosef Lakonishok | $216m | 0.4% | Cut |
| Donald Smith & Co.Jon Hartsel | $58m | 1.0% | Cut |
| Auxier Asset ManagementJeff Auxier | $5m | 0.7% | Cut |
| Gotham Asset ManagementJoel Greenblatt | $3m | <0.1% | New |
| GMOJeremy Grantham | $1m | <0.1% | New |
| Gardner Russo & QuinnTom Russo | $311,559 | <0.1% | Cut |
Largest holders overall
- BlackRock$1.6bn
- Norges Bank$1.2bnNew
- Vanguard Portfolio Management$768mCut
- FMR$692mAdded
- Vanguard Capital Management$608m
- State Street$453m
- Dimensional Fund Advisors LP$370m
- Morgan Stanley$291mCut
- Geode Capital Management$279mCut
- AQR Capital Management$266mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor10.5%+1.3 ptsSince 31 March 2026
- Norges BankPassive investor9.0%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.7%Since 31 March 2026
- FMR LLCPassive investorat least 4.6%(filed with 1 related holder)Since 31 December 2024
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 10.5%+1.3 pts | 31 March 2026 | |
Norges Bank Passive investor | 9.0% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.7% | 31 March 2026 | |
FMR LLC Passive investor | at least 4.6% (filed with 1 related holder) | 31 December 2024 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 7 sold $4m.
- Rice Walter Lynn JRSVP, Chief Accounting OfficerSold
- Date
- 10 September 2026
- Shares
- 2,188
- Price
- $94.31
- Value
- $206,361
- Keaney Timothy FDirectorSold
- Date
- 10 September 2026
- Shares
- 4,300
- Price
- $94.02
- Value
- $404,286
- IGLESIAS LISA GEVP, General CounselSold
- Date
- 9 September 2026
- Shares
- 4,000
- Price
- $94.44
- Value
- $377,747
- Ahmed Elizabeth ClaireEVP, People & CommunicationsSold
- Date
- 30 April 2026
- Shares
- 12,000
- Price
- $80.14
- Value
- $961,680
- Pyne Christopher WEVP, Group BenefitsSold
- Date
- 16 March 2026
- Shares
- 4,852
- Price
- $72.47
- Value
- $351,624
- IGLESIAS LISA GEVP, General CounselSold
- Date
- 9 March 2026
- Shares
- 3,500
- Price
- $73.00
- Value
- $255,500
- Egan CynthiaDirectorSold
- Date
- 18 February 2026
- Shares
- 9,000
- Price
- $73.00
- Value
- $657,000
- Keaney Timothy FDirectorSold
- Date
- 18 February 2026
- Shares
- 4,500
- Price
- $72.58
- Value
- $326,610
- Rice Walter Lynn JRSVP, Chief Accounting OfficerSold
- Date
- 9 December 2025
- Shares
- 900
- Price
- $73.50
- Value
- $66,150
- Zabel Steven AndrewEVP, Chief Financial OfficerSold
- Date
- 19 November 2025
- Shares
- 7,500
- Price
- $76.38
- Value
- $572,850
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 10 September 2026 | Rice Walter Lynn JR SVP, Chief Accounting Officer | Sold | 2,188 | $94.31 | $206,361 |
| 10 September 2026 | Keaney Timothy F Director | Sold | 4,300 | $94.02 | $404,286 |
| 9 September 2026 | IGLESIAS LISA G EVP, General Counsel | Sold | 4,000 | $94.44 | $377,747 |
| 30 April 2026 | Ahmed Elizabeth Claire EVP, People & Communications | Sold | 12,000 | $80.14 | $961,680 |
| 16 March 2026 | Pyne Christopher W EVP, Group Benefits | Sold | 4,852 | $72.47 | $351,624 |
| 9 March 2026 | IGLESIAS LISA G EVP, General Counsel | Sold | 3,500 | $73.00 | $255,500 |
| 18 February 2026 | Egan Cynthia Director | Sold | 9,000 | $73.00 | $657,000 |
| 18 February 2026 | Keaney Timothy F Director | Sold | 4,500 | $72.58 | $326,610 |
| 9 December 2025 | Rice Walter Lynn JR SVP, Chief Accounting Officer | Sold | 900 | $73.50 | $66,150 |
| 19 November 2025 | Zabel Steven Andrew EVP, Chief Financial Officer | Sold | 7,500 | $76.38 | $572,850 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
- Sales have shrunk: 0.1% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.