Unum Group (NYSE:UNM) reports sales below analyst estimates in Q3 2026 earnings, stock drops

Barclays kept Unum Gr at Overweight but reduced its price target to $101 from $109, a 7.3% cut. The new target suggests 11% upside from the Nov 3 close of $91.03, according to the bank.

Unum Group (UNM) forecasts 2026 adjusted operating EPS of $8.30-$8.50, missing expectations due to elevated disability claims in the U.S. and U.K. CEO Richard McKenney cited growth and portfolio management positives but noted the shortfall.

Fortitude Re and Unum Group (UNM) completed a reinsurance deal covering 50,000 long-term care policies, with $3.8B in statutory reserves. Unum recaptured the policies from its subsidiary, Fairwind, and reinsured them with Fortitude Re. Unum will continue servicing the policies, while Fortitude Re retroceded the risks to a global reinsurer. The transaction follows a similar deal between the companies last year.

Unum Group closed a $3.8B reinsurance deal with Fortitude Re, covering 50,000 individual long-term care policies. The transaction reduces Unum's exposure to this closed block, with the company retaining servicing responsibilities. The remaining LTC book consists mostly of group policies with basic benefits.

Unum Group (UNM) finalized a reinsurance deal covering 50,000 long-term care policies, with $3.8B in statutory reserves and $4.5B in best estimate reserves. This is part of the company's ongoing closed-block strategy, following a similar transaction in 2025.

Unum Group (UNM) reported a Q3 loss of $419.7M, or $2.65 per share, but adjusted EPS of $2.20 beat estimates. Revenue was $2.55B, with adjusted revenue at $3.4B, both exceeding forecasts.