Unum Group reported its financial results for the second quarter and first half of 2025, revealing a net income of $335.6 million, or $1.92 per diluted share, down from $389.5 million, or $2.05 per diluted share, in the same period last year. For the first six months, net income was $524.7 million, or $2.97 per diluted share, compared to $784.7 million, or $4.09 per diluted share, in 2024. The company experienced a net investment loss of $17.7 million in the second quarter and $224.5 million in the first half, significantly impacting overall profitability.
Total revenue for the second quarter increased by 4% to $3.36 billion, driven by a 4.6% rise in premium income to $2.75 billion. The first half of 2025 saw total revenue of $6.45 billion, a slight increase from $6.43 billion in the previous year. The company’s benefits and expenses also rose, with total expenses for the second quarter reaching $2.94 billion, up 7.5% from the prior year, primarily due to higher policy benefits and commissions.
In terms of operational developments, Unum Group's customer base and product offerings remained stable, with premium income growth across its segments. The Unum US segment reported adjusted operating income of $318.2 million for the second quarter, down from $357.5 million in 2024, attributed to unfavorable benefits experience and higher commissions. The Colonial Life segment saw a slight increase in adjusted operating income to $117.4 million, while the Unum International segment reported a decrease to $41.6 million.
Looking ahead, Unum Group anticipates continued growth in premium income driven by new sales and persistency, despite challenges in the competitive landscape. The company is focused on enhancing its digital capabilities and customer experience, which it believes will support long-term growth. The outlook remains cautiously optimistic, with expectations of strong adjusted operating income in 2025, although the company acknowledges potential volatility in investment income due to market conditions.
About Unum Group
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