Unum Group Stock Research

Market Summary

USD38.41+0.55

Market Closed

1.45%

UNM Alerts

1 major insider sales recently.
Big jump in Earnings (Y/Y)

UNM Stock Price

UNM RSI Chart

UNM Valuation

Market Cap

7.6B

Price/Earnings (Trailing)

5.81

Price/Sales (Trailing)

0.64

EV/EBITDA

6.29

Price/Free Cashflow

5.8

UNM Price/Sales (Trailing)

UNM Profitability

EBT Margin

13.61%

Return on Equity

14.29%

Return on Assets

2.14%

Free Cashflow Yield

17.23%

UNM Fundamentals

UNM Revenue

Revenue (TTM)

12.0B

Revenue Y/Y

0.89%

Revenue Q/Q

1.48%

UNM Earnings

Earnings (TTM)

1.3B

Earnings Y/Y

75.08%

Earnings Q/Q

-31.92%

Price Action

52 Week Range

27.9146.64

(Low)(High)

Last 7 days

-13.9%

Last 30 days

-11.5%

Last 90 days

-3.9%

Trailing 12 Months

40.0%

UNM Financial Health

Debt/Equity

0.37

Debt/Cashflow

0.41

UNM Investor Care

Dividend Yield

3.28%

Dividend/Share (TTM)

1.26

Buy Backs (1Y)

2.70%

Diluted EPS (TTM)

6.5

Peers (Alternatives to Unum Group)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PGR	83.5B	49.6B	-3.33%	25.86%	115.74	1.68	4.00%	-78.47%
MET	44.9B	69.9B	-22.23%	-11.88%	17.7	0.64	-1.66%	-61.26%
TRV	40.0B	36.9B	-11.25%	-6.12%	14.06	1.08	5.94%	-22.39%
AFL	39.3B	19.5B	-13.25%	1.93%	9.36	2.02	-11.78%	-2.87%
PFG	17.7B	17.5B	-25.06%	4.19%	3.67	1.01	22.64%	181.28%
MID-CAP
RGA	10.0B	16.3B	-17.63%	24.97%	37	0.61	-2.40%	0.97%
UNM	7.6B	12.0B	-11.46%	40.03%	5.81	0.64	-0.19%	59.45%
AIZ	5.9B	10.2B	-16.73%	-35.03%	21.2	0.58	0.05%	-79.62%
GNW	2.5B	7.5B	-17.46%	33.60%	4.09	0.33	-4.15%	-32.63%
CNO	2.5B	3.6B	-18.74%	-10.22%	6.26	0.69	-13.23%	-10.02%
TRUP	2.3B	905.2M	-8.40%	-29.57%	-52.12	2.57	29.50%	-25.73%
SMALL-CAP
HMN	1.4B	1.4B	-7.46%	-16.42%	-543.45	1.02	3.97%	-101.82%
PLMR	1.4B	327.1M	6.70%	-11.03%	26.51	4.23	39.88%	13.79%
JRVR	812.7M	813.7M	-5.54%	1.51%	26.24	1	5.28%	117.92%

Financials for Unum Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	0.2%	11,991	11,964	11,972	11,924	12,014
EBITDA	10.6%	1,742	1,576	1,474	1,297	-
EBITDA Margin	10.3%	0.15*	0.13*	0.12*	0.11*	-
Earnings Before Taxes	11.6%	1,631	1,462	1,357	1,176	1,063
EBT Margin	11.3%	0.14*	0.12*	0.11*	0.10*	-
Net Income	10.0%	1,314	1,194	1,112	925	824
Net Income Margin	9.8%	0.11*	0.10*	0.09*	0.08*	-
Free Cahsflow	-8.8%	1,317	1,443	1,531	1,774	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.9%	61,435	60,867	63,121	66,472	70,116
Cash Equivalents	-16.8%	119	143	151	107	75.00
Net PPE	2.1%	452	442	448	455	463
Goodwill	0.9%	348	344	348	351	352
Liabilities	0.1%	52,237	52,207	53,416	55,849	58,699
Long Term Debt	0.0%	3,428	3,429	3,443	3,443	3,442
LT Debt, Current	Infinity%	2.00	-	-	-	-
LT Debt, Non Current	-	3,442	-	-	-	-
Shareholder's Equity	6.2%	9,198	8,660	9,705	10,623	11,416
Retained Earnings	1.7%	12,912	12,698	12,354	12,044	11,853
Additional Paid-In Capital	0.4%	2,441	2,432	2,417	2,396	2,408
Accumulated Depreciation	-	1,260	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-8.0%	1,419	1,542	1,690	1,907	1,388
Share Based Compensation	-	35.00	-	-	-	-
Cashflow From Investing	15.1%	-955	-1,126	-1,348	-2,121	-1,340
Cashflow From Financing	-6.2%	-418	-394	-313	-240	-168
Dividend Payments	1.8%	254	250	245	243	239
Buy Backs	7.5%	200	186	143	100	50.00

Risks for UNM

What is the probability of a big loss on UNM?

74.2%

Probability that Unum Group stock will be more than 20% underwater in next one year

58.1%

Probability that Unum Group stock will be more than 30% underwater in next one year.

27.7%

Probability that Unum Group stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does UNM drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Unum Group was unfortunately bought at previous high price.

Drawdowns

Returns for UNM

Cumulative Returns on UNM

6.3%

10-Year Cumulative Returns

6.0%

7-Year Cumulative Returns

-1.7%

5-Year Cumulative Returns

40.8%

3-Year Cumulative Returns

What are the long-term rolling returns for UNM?

FIve years rolling returns for Unum Group.

Annualized Returns

Which funds bought or sold UNM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-1.34	18,538	441,538	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-0.03	2,413,920	44,654,900	0.05%
2023-03-06	Rockefeller Capital Management L.P.	added	103	66,000	123,000	-%
2023-02-28	Trust Investment Advisors	sold off	-100	-223,000	-	-%
2023-02-28	Voya Investment Management LLC	added	26.02	4,244,460	17,005,500	0.02%
2023-02-24	NATIXIS	new	-	779,570	779,570	-%
2023-02-23	Portman Square Capital LLP	new	-	416,455	416,455	0.03%
2023-02-22	CVA Family Office, LLC	unchanged	-	2,003	32,003	0.01%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-3.21	28,000	1,237,000	0.01%
2023-02-21	DGS Capital Management, LLC	reduced	-1.49	53,834	1,344,440	0.88%

Latest Funds Activity

Are funds buying UNM calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own UNM

No. of Funds

Unum Group News

Schedule 13G FIlings of Unum Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	norges bank	5.22%	10,393,936	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	9.76%	19,431,945	SC 13G/A
Jan 24, 2023	blackrock inc.	12.5%	24,773,115	SC 13G
Apr 06, 2022	norges bank	5.23%	10,594,006	SC 13G
Feb 10, 2022	vanguard group inc	10.68%	21,827,583	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Jan 27, 2022	blackrock inc.	11.2%	22,845,078	SC 13G/A
Jan 25, 2022	blackrock inc.	11.2%	22,845,078	SC 13G/A
Dec 10, 2021	blackrock inc.	10.8%	22,120,674	SC 13G/A

UNM Fair Value

Recent SEC filings of Unum Group

View All Filings

Date Filed	Form Type	Document
Mar 16, 2023	4	Insider Trading
Mar 09, 2023	8-K	Current Report
Mar 07, 2023	8-K	Current Report
Mar 06, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading

Latest Insider Trading transactions for UNM

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-03	IGLESIAS LISA G	sold	-454,040	45.2772	-10,028	evp, general counsel
2023-03-02	IGLESIAS LISA G	sold	-674,005	45.0177	-14,972	evp, general counsel
2023-03-01	Leiper Martha	sold (taxes)	-189,070	45.57	-4,149	evp, chief investment officer
2023-03-01	Leiper Martha	acquired	-	-	6,561	evp, chief investment officer
2023-03-01	Bhasin Puneet	acquired	-	-	8,399	evp, chief info & digital off.
2023-03-01	Arnold Timothy Gerald	acquired	-	-	7,200	evp, vb & president, colonial
2023-03-01	Rice Walter Lynn JR	acquired	-	-	2,522	svp, chief accounting officer
2023-03-01	Pyne Christopher W	sold (taxes)	-130,421	45.57	-2,862	evp, group benefits
2023-03-01	IGLESIAS LISA G	acquired	-	-	9,888	evp, general counsel
2023-03-01	McKenney Richard P	acquired	-	-	23,229	president and ceo

About Unum Group

Richard P. McKenney

www.unum.com

10300

Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, and Poland. It operates through Unum US, Unum International, Colonial Life, and Closed Block segments. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products. It also provides group pension, individual life and corporate-owned life insurance, reinsurance pools and management operations, and other products. The company sells its products primarily to employers for the benefit of employees. Unum Group sells its products through field sales personnel, independent brokers, consultants, and independent contractor agency sales force. The company was founded in 1848 and is based in Chattanooga, Tennessee.

UNM Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue
Premium Income	$ 9,623.4	$ 9,481.0	$ 9,378.1
Net Investment Income	2,122.2	2,213.2	2,360.7
Net Investment Gain (Loss)	(15.7)	76.7	1,199.1
Other Income	261.1	242.9	224.2
Total Revenue	11,991.0	12,013.8	13,162.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	6,936.7	7,598.6	8,972.9
Commissions	1,086.4	1,038.1	1,057.3
Interest and Debt Expense	188.5	185.0	188.2
Cost Related to Early Retirement of Debt	4.2	67.3	0.0
Deferral of Acquisition Costs	(556.9)	(508.1)	(576.2)
Amortization of Deferred Acquisition Costs	591.0	586.1	606.1
Compensation Expense	1,089.5	975.2	953.2
Other Expenses	1,020.2	1,008.6	996.6
Total Benefits and Expenses	10,359.6	10,950.8	12,198.1
Income Before Income Tax	1,631.4	1,063.0	964.0
Income Tax
Current	473.5	212.8	(116.6)
Deferred	(156.3)	26.0	287.6
Total Income Tax	317.2	238.8	171.0
Net Income	$ 1,314.2	$ 824.2	$ 793.0
Net Income Per Common Share
Basic	$ 6.55	$ 4.04	$ 3.89
Assuming Dilution	$ 6.50	$ 4.02	$ 3.89

UNM Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Investments
Fixed Maturity Securities - at fair value (amortized cost of $37,825.2; $37,386.7; allowance for credit losses of $—; $—)	$ 34,840.8	$ 43,336.0
Mortgage Loans (net of allowance for credit losses of $9.3; $8.3)	2,435.4	2,560.4
Policy Loans	3,601.2	3,662.9
Other Long-term Investments	1,440.1	1,203.0
Short-term Investments	1,394.8	1,388.0
Total Investments	43,712.3	52,150.3
Other Assets
Cash and Bank Deposits	119.2	75.0
Accounts and Premiums Receivable (net of allowance for credit losses of $32.5; $34.2)	1,482.1	1,519.9
Reinsurance Recoverable (net of allowance for credit losses of $1.7; $2.3)	10,218.6	10,919.3
Accrued Investment Income	615.0	602.7
Deferred Acquisition Costs	2,252.3	2,207.9
Goodwill	347.6	352.2
Property and Equipment	451.7	462.7
Deferred Income Tax Assets, Net	449.8	0.0
Other Assets	1,786.3	1,825.6
Total Assets	61,434.9	70,115.6
Liabilities
Policy and Contract Benefits	1,839.8	1,907.7
Reserves for Future Policy and Contract Benefits	42,330.2	48,007.5
Unearned Premiums	352.7	347.5
Other Policyholders' Funds	1,750.4	1,790.9
Income Tax Payable	190.9	159.1
Deferred Income Tax	9.2	458.4
Short-term debt	2.0	0.0
Long-term Debt	3,427.8	3,442.2
Other Liabilities	2,334.4	2,585.9
Total Liabilities	52,237.4	58,699.2
Commitments and Contingent Liabilities - Note 14
Stockholders' Equity
Common Stock, $0.10 par; authorized: 725,000,000 shares; issued: 308,306,490 and 307,334,853 shares	30.8	30.7
Additional Paid-in Capital	2,441.0	2,408.1
Accumulated Other Comprehensive Income (Loss)	(2,756.6)	354.1
Retained Earnings	12,912.1	11,853.2
Treasury Stock - at cost:110,551,977 and 104,820,670 shares	(3,429.8)	(3,229.7)
Total Stockholders' Equity	9,197.5	11,416.4
Total Liabilities and Stockholders' Equity	$ 61,434.9	$ 70,115.6