Unum reports Q3 2026 earnings, beats adjusted EPS but revises full‑year outlook amid higher disability claims
Unum Group posted third‑quarter 2026 adjusted earnings of $2.20 per share, topping analyst expectations, while GAAP results showed a net loss of $419.7 million. Revenue came in at $2.55 billion, below the $2.91 billion consensus. The insurer cited a surge in disability claim submissions, which pushed the group disability benefit ratio to 70.6%, and it trimmed its full‑year adjusted EPS outlook to $8.30‑$8.50. The company reaffirmed its $1 billion share‑repurchase program and returned over $1 billion to shareholders year‑to‑date.
Why it matters
The adjusted EPS beat may support short‑term price stability, but the revenue miss and lowered full‑year EPS guidance could pressure the stock as investors reassess growth expectations. The continued $1 billion buyback program signals strong cash generation and may provide support for shareholders.
Key facts
- 1Adjusted earnings per share were $2.20 for Q3 2026, beating estimates by $0.03. investing.com
- 2GAAP net loss was $419.7 million, or $2.65 per diluted share, driven by one‑time charges related to a long‑term care reinsurance transaction. investing.com
- 3Revenue for the quarter was $2.55 billion, short of the $2.91 billion consensus estimate. investing.com
- 4Core premiums grew nearly 5% on a constant‑currency basis. finance.yahoo.com
- 5The group disability benefit ratio rose to 70.6%, up from 61.3% a year earlier. finance.yahoo.com
- 6Full‑year 2026 adjusted operating EPS outlook was revised to $8.30‑$8.50 per share. seekingalpha.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.