EarningsQ2 2026 Earnings Report
DE:UUM Q2 2026 EPS Results
Actual EPS€1.92
Consensus EPS€1.92
Beat/MissMet expectations
One Year Ago EPS€1.84
DE:UUM Q2 2026 Revenue Results
Actual Revenue€2.99B
Expected Revenue€2.59B
Beat/MissBeat by +€399.69M
YoY Revenue Growth+0.22%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeAfter Close
Conference CallTuesday, July 28, 2026
DE:UUM Upcoming Earnings
Unum Group's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:UUM Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally positive operational and financial picture: strong sales momentum (Unum U.S. sales +7.4% Q2, +14.3% YTD), record Colonial results, solid ROEs and a robust capital position with continued shareholder capital returns. Management reaffirmed full-year adjusted EPS guidance and highlighted meaningful progress on active management of the closed block (additional $3.8B LTC reinsurance). Offsetting these strengths were near-term challenges driven by elevated PFML/short-term disability experience in U.S. group disability, meaningful earnings pressure and higher claim severity in the U.K. group income protection business, closed-block volatility from group LTC terminations, and GAAP headwinds from transaction amortization and non-contemporaneous reinsurance impacts. Management has set pricing and underwriting actions underway (double-digit PFML rate increases, targeted U.K. pricing/underwriting), and expects many pressures to moderate as actions take effect.Company Guidance
Earnings Per Share Growth
Adjusted operating after-tax EPS of $2.16 in Q2 2026, up 4.9% year-over-year; year-to-date adjusted operating EPS growth of 7.5%; reaffirmed full-year adjusted operating EPS outlook of $8.60–$8.90.
Strong Returns and Capital Position
Consolidated adjusted operating ROE of 15.9% in Q2 (16% YTD). Holding company liquidity of $1.5 billion and traditional RBC of 480%, above long-term targets; on track to end year with RBC 400%–425% and holdco liquidity $1.5–$2.0 billion.
Top-Line Sales and Premium Growth
Unum U.S. sales grew to $281.8 million in Q2 (+7.4% YoY) and are up 14.3% year-to-date. Core earned premium grew 3.6% in Q2 (3.7% YTD); adjusting for runoff/transactions, core premium growth would be just over 5% YTD; full-year core premium growth expectation 4%–7%.
Colonial Life Outperformance
Colonial Life delivered record Q2 adjusted operating income of $131.4 million (+11.9% YoY from $117.4 million), benefit ratio 46.7% (better than 48%–50% outlook), premium $477.4 million (+3.4% YoY), Q2 sales up 6%, and adjusted operating ROE of 19.4%. Agent Assist adoption over 70% of 12,000+ agents.
Favorable Group Life and Supplemental Results
Unum U.S. Group Life & AD&D adjusted operating income $93.2 million (vs $70.2 million prior), benefit ratio improved to 66% (from 69.7% prior year). Supplemental & voluntary lines income $133.3 million (vs $123.2 million prior) with benefit ratio 47.4%, favorable to outlook.
Digital & Connectivity Adoption Driving Growth
Approximately 50% of Unum U.S. in-force block (ex-IDl) now connected to HR Connect, Total Leave or Broker Connect; premium and fees tied to these capabilities have grown nearly 70% since year-end 2023. HR Connect represented >20% of Q2 new sales; Total Leave sales more than doubled YoY in group and voluntary.
Active Closed Block Management and LTC Reinsurance
Announced reinsurance of an additional $3.8 billion of LTC statutory reserves (~26% of total LTC block, 52% of individual LTC), removing 100% of remaining individual LTC reserves in Fairwind; post-close retained block predominantly group LTC (~$7.1 billion reserves) with protections of ~ $1.9 billion and sensitivity reductions of ~28%–42% across key assumptions.
Capital Returned to Shareholders
Returned approximately $275 million in Q2 via dividends and share repurchases (including ~$200 million of repurchases); year-to-date capital deployment of ~$750 million toward a $1.3 billion target for the year (representing expected free cash flow).
DE:UUM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed