Overview
Unum Group is a group benefits carrier operating under the Unum and Colonial Life brands, offering disability, life, and voluntary benefit products to employers across the United States, United Kingdom, Ireland, and Poland. The company distributes primarily through employee benefits brokers and consultants, reaching employers of all sizes and covering more than 38 million people worldwide. It is publicly traded on the New York Stock Exchange (NYSE: UNM) and is a Fortune 500 company.
The company traces its origins to Union Mutual Life Insurance, incorporated in Maine in 1848. It grew through major acquisitions -- Colonial Companies (1993), Paul Revere Corporation (1997 for USD 1.2B), and The Provident Companies (1999) -- establishing itself as the nation's largest disability insurance provider. The company relocated to Chattanooga, Tennessee in 2002 and rebranded as Unum Group in 2007. Its Colonial Life subsidiary operates a distinct worksite voluntary benefits distribution model targeting individual employees.
Unum reported USD 12.9B in revenue and USD 8.0B in benefits paid for 2024. In 2025, the company completed a USD 3.4B long-term care reinsurance transaction with Fortitude Re and authorized a USD 1B share repurchase program. For 2026, management provided guidance of 4-7% core premium growth and after-tax adjusted operating income per share of USD 8.60-USD 8.90.