# Unum Group (UNM) — Stock CV

Unum Group is a $14.5B financial services company. Revenue grew 3.4% over the last year, and it keeps 5¢ of every dollar of sales as profit. It trades at 20.7× earnings — near the highest of its own history.

> Unum Group is a provider of group and individual income protection insurance products in the United States, the United Kingdom, Poland, and other countries. It is the domestic disability insurer, with the majority of premiums generated from employer plans.

## Identity

- **Ticker**: UNM
- **Sector**: Financial Services
- **Industry**: Accident & Health Insurance
- **Headquarters**: CHATTANOOGA, TN
- **Employees**: 10 910
- **Website**: https://www.unum.com
- **Market cap**: $14.5B
- **Last price**: $91.67
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $13.3B
- **Net income**: $703M
- **Free cash flow**: $693M
- **Net debt**: $751M
- **P/E**: 20.7
- **Revenue growth (YoY)**: 3.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 57 |
| Growth | 37 |
| Profitability | 35 |
| Health | 38 |
| Quality | 77 |
| Moat | 37 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +3.4% YoY
- [x] Profitable — $703M TTM
- [ ] Profit growing — -15.0% YoY
- [x] Generates cash — $693M TTM
- [x] Debt under control — ~1.1y of cash flow to repay
- [x] Established company — $14.5B market cap
- [x] Not printing shares — -15.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 18/100
- [x] Pays a dividend — yield 2.12%
- [x] Valuation not extreme — P/E 20.7

## Experience (career milestones)

- **FY2024** — Best year on record: $1.78B net income
- **2018** — Unum was the third-largest disability insurer in the United States
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $11.0B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2007** — UnumProvident was renamed Unum
- **2001** — Unum stated that "only 2% of the policyholders who filed a claim with the company last year [2001] were found not to…
- **1999** — Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies and comprises four…
- **1993** — Unum acquired the Colonial Companies, parent company of Colonial Life & Accident Insurance Company
- **1990** — Unum acquired National Employers Life Assurance Holdings
- **1986** — Union Mutual became the first major mutual insurance company to demutualize in 1986
- **1940** — The company acquired most of Massachusetts Accident Company's health and accident insurance business
- **1892** — Thomas Maclellan and John McMaster purchased a 50% stake in the company for $1000
- **1887** — The Provident companies was founded in Chattanooga, Tennessee in May 1887 as Mutual Medical Aid and Accident…

## Strengths

- Interest covered 5.5× by operating earnings

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $12.0B | $824M | $1.28B |
| FY2022 | $12.0B | $1.31B | $1.32B |
| FY2023 | $12.4B | $1.28B | $1.07B |
| FY2024 | $12.9B | $1.78B | $1.39B |
| FY2025 | $13.1B | $739M | $555M |

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Source: https://stockcv.com/UNM — derived from company filings; may be delayed or incomplete. Information, not investment advice.