Shares of employee benefits provider Unum Group (NYSE:UNM) fell 9.5% in the afternoon session after the company reported a decline in second-quarter profit and missed analyst earnings expectations. The insurance provider's adjusted operating earnings per share for the second quarter came in at $2.07, missing the consensus estimate of $2.22. Additionally, net income dropped 13.8% to $335.6 million compared to the same period in the prior year. The negative results were largely driven by weakness in its core Unum US segment, which experienced a 16.2% decline in sales and an 11% drop in adjusted operating income. The company attributed the poor performance to higher costs stemming from disability and life insurance claims. While total revenue and premium income showed modest growth, the significant fall in profitability raised concerns among investors.
Employee benefits provider Unum Group (NYSE:UNM) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 3.6% year on year to $3.36 billion. Its non-GAAP profit of $2.07 per share was 6.5% below analysts’ consensus estimates.
As the Q1 earnings season wraps, let’s dig into this quarter’s best and worst performers in the life insurance industry, including Unum Group (NYSE:UNM) and its peers.
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