Macroeconomic conditionsmixed · 4 filings
“Net investment income was lower in the first quarter of 2026 compared to the same period of 2025 due to lower income from inflation index-linked bonds.”10-Q · Apr 29, 2026 ↗
Unum Group
UNM
Market read
Unum Group's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Company+0.1% todayVolume comparison unavailable
Market group0 of 1 activeLife Insurance · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- UNM's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if UNM's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- UNM's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements242
Verified relationships1
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
- Net margin changed -8.2 percentage points in the latest annual period.
Questions before a position
- P/E is 40% above the available filing-peer median; determine whether growth and quality justify the difference.
- EV/sales is 23% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
94.366m+29.8%12m+28.0%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$12.0B-8.8%$4.79+0.5%
2022-12-31$12.0B-0.2%$6.96-1.3%
2023-12-31$12.4B+3.4%$6.50-2.2%
2024-12-31$12.9B+4.0%$9.46-4.8%
2025-12-31$13.1B+1.5%$4.27-8.1%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesmixed · 1 filings
“Prior to the termination of our term loan facility, the borrowings on the facility were subject to financial covenants, negative covenants, and events of default that are customary.”10-K · Feb 17, 2026 ↗
Legal and regulatory exposuremixed · 1 filings
“We expect to make approximately $15 million in contributions for our U.S.”10-K · Feb 17, 2026 ↗
Pricing and mixpositive · 1 filings
“The benefit ratio was less favorable in the first quarter of 2026 compared to the same period of 2025 due to pricing actions as well as higher paid family and medical leave incidence.”10-Q · Apr 29, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.2× · EV/sales 1.5×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
How the market is pricing the story
94.36+0.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for UNM. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for UNM. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind UNM
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
CNOCNO Financial Group, Inc.competitorFeb 24, 2026 ▾
“Our main competitors for supplemental health products sold through our Worksite Division include AFLAC, subsidiaries of Unum, MetLife, Chubb/Combined, and Voya.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
UNM is currently a Leader in the organic co-movement group Life Insurance. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for UNM; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.