8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 5, 2022

UNUM GROUP
(Exact name of registrant as specified in its charter)
Delaware	001-11294	62-1598430
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1 Fountain Square

Chattanooga, Tennessee 37402

(Address of principal executive offices) (Zip Code)

(423) 294-1011

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common stock, $0.10 par value	UNM	New York Stock Exchange
6.250% Junior Subordinated Notes due 2058	UNMA	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Item 2.02    Results of Operations and Financial Condition.

On May 5, 2022, Unum Group (the "Company") issued a news release reporting its results for the first quarter of 2022, a copy of which is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

Also on May 5, 2022, the Company posted on its website at www.unum.com the Statistical Supplement relating to its financial results for the first quarter of 2022. A copy of the Statistical Supplement is furnished herewith as Exhibit 99.2 and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	News release of Unum Group dated May 5, 2022, concerning earnings for the first quarter of 2022.
99.2	Statistical Supplement of Unum Group for the first quarter of 2022.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Unum Group
	(Registrant)
Date: May 5, 2022	By:	/s/ J. Paul Jullienne
		Name:	J. Paul Jullienne
		Title:	Vice President, Managing Counsel, and
			Corporate Secretary

EX-99.1

		Exhibit 99.1
		1 Fountain Square Chattanooga, TN 37402 www.unum.com
	FOR IMMEDIATE RELEASE
	Contacts
	MEDIA	Natalie Godwin ngodwin@unum.com
	INVESTORS	Tom White 423-294-8996 tawhite@unum.com

Unum Group Reports First Quarter 2022 Results

•Net income of $253.5 million ($1.25 per diluted common share) for the first quarter of 2022; after-tax adjusted operating income was $277.3 million ($1.36 per diluted common share).

•Results reflect improving trend in COVID-related mortality impacts, strong operating performance, and favorable sales and premium trends in core business segments.

•Strong balance sheet and liquidity with holding company liquidity of $1.3 billion and weighted average risk-based capital ratio of approximately 400 percent.

•Full-year 2022 outlook increased; after-tax adjusted operating income per share now expected to grow 15 percent to 20 percent relative to full-year 2021, compared to the previous outlook of an increase of 4 percent to 7 percent.

•Book value per common share of $52.62 grew 1.6 percent over the year-ago quarter; book value per common share excluding accumulated other comprehensive income (AOCI) of $55.50 grew 7.0 percent over the year-ago quarter.

CHATTANOOGA, Tenn.(May 5, 2022) - Unum Group (NYSE: UNM) today reported net income of $253.5 million ($1.25 per diluted common share) for the first quarter of 2022, compared to net income of $153.0 million ($0.75 per diluted common share) for the first quarter of 2021.

Included in net income for the first quarter of 2022 are the after-tax amortization of the cost of reinsurance of $13.2 million ($0.06 per diluted common share) and a net after-tax investment loss on the Company’s investment portfolio of $10.6 million ($0.05 per diluted common share). Included in net income for the first quarter of 2021 are the net after-tax loss from the second phase of the Closed Block individual disability reinsurance transaction of $56.7 million ($0.27 per diluted common share), the after-tax amortization of the cost of reinsurance of $15.8 million ($0.08 per diluted common share), and a net after-tax investment gain on the Company’s investment portfolio, excluding the net after-tax realized investment gain associated with the completion of the second phase of the Closed Block individual disability reinsurance transaction, of $13.5 million ($0.06 per diluted common share). Excluding the items above, after-tax adjusted operating income was $277.3 million ($1.36 per diluted common share) in the first quarter of 2022, compared to $212.0 million ($1.04 per diluted common share) in the first quarter of 2021.

“The first quarter was an outstanding start to the year with strong performance across our business and lessening effects of COVID-19 impacting our customers" said Richard P. McKenney, president and chief executive officer. "The current business environment is favorable for our company, with higher interest rates and a strong labor market resulting in an improved earnings outlook."

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES.

RESULTS BY SEGMENT

We measure and analyze our segment performance on the basis of "adjusted operating income" or "adjusted operating loss", which differ from income before income tax as presented in our consolidated statements of income due to the exclusion of investment gains and losses, amortization of cost of reinsurance, and certain other items. Investment gains or losses primarily

include realized investment gains or losses, expected investment credit losses, and gains or losses on derivatives. These performance measures are in accordance with GAAP guidance for segment reporting, but they should not be viewed as a substitute for income before income tax or net income. 

Unum US Segment

Unum US reported adjusted operating income of $171.6 million in the first quarter of 2022, an increase of 48.3 percent from $115.7 million in the first quarter of 2021. Premium income increased 1.3 percent to $1,544.9 million in the first quarter of 2022, compared to $1,525.8 million in the first quarter of 2021. Net investment income decreased 4.8 percent to $171.0 million in the first quarter of 2022, compared to $179.7 million in the first quarter of 2021.

Within the Unum US operating segment, the group disability line of business reported a 2.3 percent decrease in adjusted operating income to $62.6 million in the first quarter of 2022, compared to $64.1 million in the first quarter of 2021. Premium income for the group disability line of business increased 1.9 percent to $685.5 million in the first quarter of 2022, compared to $672.9 million in the first quarter of 2021 due primarily to in-force block growth and higher sales across all product lines. Net investment income decreased 7.3 percent to $90.3 million in the first quarter of 2022, compared to $97.4 million in the first quarter of 2021, driven by lower miscellaneous investment income and a decrease in the yield on invested assets. The benefit ratio for the first quarter of 2022 was 73.8 percent, compared to 74.8 percent in the first quarter of 2021, due to lower claims incidence in the group short-term disability product line as well as favorable claim recoveries in the group long-term disability product line. Group long-term disability sales were $40.6 million in the first quarter of 2022, an increase of 30.5 percent from $31.1 million in the first quarter of 2021. Group short-term disability sales were $27.8 million in the first quarter of 2022, an increase of 15.4 percent from $24.1 million in the first quarter of 2021. Persistency in the group long-term disability product line was 90.4 percent for the first quarter of 2022, compared to 90.7 percent for the first quarter of 2021. Persistency in the group short-term disability product line was 89.2 percent for the first quarter of 2022, compared to 86.1 percent for the first quarter of 2021.

The group life and accidental death and dismemberment line of business reported an adjusted operating loss of $9.4 million in the first quarter of 2022, compared to an adjusted operating loss of $58.3 million in the first quarter of 2021. Premium income for this line of business increased slightly to $454.7 million in the first quarter of 2022, compared to $451.4 million in the first quarter of 2021, driven by higher sales, partially offset by lower persistency. Net investment income was $24.9 million in the first quarter of 2022, which was consistent with the first quarter of 2021. The benefit ratio in the first quarter of 2022 was 87.9 percent, compared to 98.8 percent in the first quarter of 2021, due to lower mortality in the group life product line, resulting primarily from lessening impacts of COVID-19 on our insured population. Sales of group life and accidental death and dismemberment products increased 11.3 percent in the first quarter of 2022 to $33.6 million, compared to $30.2 million in the first quarter of 2021. Persistency in the group life product line was 89.0 percent for the first quarter of 2022, compared to 90.1 percent for the first quarter of 2021. Persistency in the accidental death and dismemberment product line was 88.2 percent for the first quarter of 2022, compared to 89.7 percent for the first quarter of 2021.

The supplemental and voluntary line of business reported an increase of 7.7 percent in adjusted operating income to $118.4 million in the first quarter of 2022, compared to $109.9 million in the first quarter of 2021. Premium income for the supplemental and voluntary line of business increased slightly to $404.7 million in the first quarter of 2022, compared to $401.5 million in the first quarter of 2021, with growth in both the dental and vision and voluntary benefits product lines, partially offset by a decline in the individual disability product line. Net investment income decreased 2.8 percent to $55.8 million in the first quarter of 2022, compared to $57.4 million in the first quarter of 2021, due to a decrease in the level of invested assets and lower miscellaneous investment income. The benefit ratio for the voluntary benefits product line was 40.4 percent in the first quarter of 2022, compared to 39.3 percent for the first quarter of 2021, due to higher policy reserves driven by favorable persistency, partially offset by lower mortality

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 2

within the life product line, resulting primarily from lessening impacts of COVID-19 on our insured population. The benefit ratio for the individual disability product line was 42.5 percent for the first quarter of 2022, which was generally consistent with the first quarter of 2021. The benefit ratio for the dental and vision product line was 73.4 percent for the first quarter of 2022, which was generally consistent with the first quarter of 2021. Relative to the first quarter of 2021, sales in the voluntary benefits product line declined 6.6 percent in the first quarter of 2022 to $94.3 million. Sales in the individual disability product line increased 19.4 percent in the first quarter of 2022 to $20.3 million. Sales in the dental and vision product line totaled $9.2 million for the first quarter of 2022, an increase of 15.0 percent compared to the first quarter of 2021. Persistency in the voluntary benefits product line was 75.9 percent for the first quarter of 2022, compared to 74.3 percent for the first quarter of 2021. Persistency in the individual disability product line was 89.3 percent for the first quarter of 2022, compared to 90.2 percent for the first quarter of 2021. Persistency in the dental and vision product line was 84.0 percent for the first quarter of 2022, compared to 87.4 percent for the first quarter of 2021.

Unum International Segment

The Unum International segment reported adjusted operating income of $27.2 million in the first quarter of 2022, an increase of 3.0 percent from $26.4 million in the first quarter of 2021. Premium income increased 7.7 percent to $187.8 million in the first quarter of 2022, compared to $174.4 million in the first quarter of 2021. Net investment income was $34.5 million in the first quarter of 2022, compared to $26.0 million in the first quarter of 2021. Sales increased 47.4 percent to $34.2 million in the first quarter of 2022, compared to $23.2 million in the first quarter of 2021.

The Unum UK line of business reported adjusted operating income, in local currency, of £19.2 million in the first quarter of 2022, an increase of 3.2 percent from £18.6 million in the first quarter of 2021. Premium income was £122.7 million in the first quarter of 2022, an increase of 11.0 percent from £110.5 million in the first quarter of 2021, due to growth in the in-force blocks resulting from the impact of rate increases in the group long-term disability product line, higher overall persistency, and higher sales. Net investment income was £24.2 million in the first quarter of 2022, a increase of 39.1 percent from £17.4 million in the first quarter of 2021, due to higher investment income from inflation index-linked bonds, partially offset by a lower yield on fixed-rate bonds. The benefit ratio in the first quarter of 2022 was 80.7 percent, compared to 75.3 percent in the first quarter of 2021, due to higher inflation-linked experience in benefits, and timing of notifications and claims resolutions in the group long-term disability product line resulting from the ongoing effects of disruptions to health services that were caused by COVID-19. Sales increased 55.2 percent to £22.2 million in the first quarter of 2022, compared to £14.3 million in the first quarter of 2021. Persistency in the group long-term disability product line was 88.1 percent for the first quarter of 2022, compared to 87.0 percent for the first quarter of 2021. Persistency in the group life product line was 88.0 percent for the first quarter of 2022, compared to 87.2 percent for the first quarter of 2021. Persistency in the supplemental product line was 90.4 percent for the first quarter of 2022, compared to 88.2 percent for the first quarter of 2021.

Colonial Life Segment

Colonial Life reported a 22.9 percent increase in adjusted operating income to $90.1 million in the first quarter of 2022, compared to $73.3 million in the first quarter of 2021. Premium income increased slightly to $430.7 million in the first quarter of 2022, compared to $426.4 million in the first quarter of 2021. Net investment income increased slightly to $38.1 million in the first quarter of 2022 compared to $37.7 million in the first quarter of 2021 due to an increase in the level of invested assets, partially offset by a decrease in the yield on invested assets. The benefit ratio was 49.3 percent in the first quarter of 2022, compared to 55.4 percent in the first quarter of 2021, with favorable claims experience across all products, partially resulting from lower mortality in the life product line due to lessening impacts of COVID-19 on our insured population.

Sales increased 15.3 percent to $104.0 million in the first quarter of 2022, compared to $90.2 million in the first quarter of 2021. Persistency in the Colonial Life segment was 78.7 percent for the first quarter of 2022, compared to 78.4 percent for the first quarter of 2021.

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 3

Closed Block Segment

The Closed Block segment reported adjusted operating income of $94.1 million in the first quarter of 2022, which excludes the amortization of cost of reinsurance related to the Closed Block individual disability reinsurance transaction of $16.7 million, compared to $97.0 million in the first quarter of 2021, which excludes the impacts from the second phase of the Closed Block individual disability reinsurance transaction of $139.3 million and the amortization of cost of reinsurance related to the reinsurance transaction of $20.0 million. Premium income for this segment decreased 4.7 percent to $239.9 million in the first quarter of 2022, compared to $251.7 million in the first quarter of 2021, due to policy terminations and maturities, partially offset by rate increases in the long-term care product line. Net investment income decreased 7.5 percent to $274.8 million in the first quarter of 2022, compared to $297.2 million in the first quarter of 2021, due to a decline in the yield on invested assets and lower miscellaneous investment income, partially offset by an increase in the level of invested assets.

The interest adjusted loss ratio for the long-term care line of business was 70.2 percent in the first quarter of 2022, compared to an interest adjusted loss ratio of 77.7 percent in the first quarter of 2021, driven primarily by lower claim incidence. The interest adjusted loss ratio for long-term care for the rolling twelve months ended March 31, 2022, excluding the reserve increase of $2.1 million related to the assumption updates in the third quarter of 2021, was 75.5 percent which is significantly below our long-term expected range. The interest adjusted loss ratio for the individual disability line of business, excluding the reserve recognition impact from the reinsurance transaction in the first quarter of 2021, was 78.7 percent in the first quarter of 2022, compared to 68.9 percent in the first quarter of 2021 due primarily to volatility as a result of the relatively small amount of business retained.

Corporate Segment

The Corporate segment reported an adjusted operating loss of $40.4 million in the first quarter of 2022 compared to an adjusted operating loss of $38.9 million in the first quarter of 2021, due primarily to increased employee-related costs and interest and debt expenses.

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 4

OTHER INFORMATION

Shares Outstanding

The Company’s weighted average number of shares outstanding, assuming dilution, was 203.5 million for the first quarter of 2022, compared to 204.7 million for the first quarter of 2021. Shares outstanding totaled 201.9 million at March 31, 2022. During the first quarter of 2022, the Company executed a $50.0 million accelerated share repurchase agreement.

Capital Management

At March 31, 2022, the weighted average risk-based capital ratio for the Company’s traditional U.S. insurance companies was approximately 400 percent, and the holding companies had available holding company liquidity of $1,269 million.

Book Value

Book value per common share as of March 31, 2022 was $52.62, compared to $51.77 at March 31, 2021. Book value per common share excluding AOCI as of March 31, 2022 was $55.50, compared to $51.89 at March 31, 2021.

Outlook

The Company expects positive operating trends in our core business during 2022, with solid premium growth and improving claim experience as impacts from COVID-19 lessen. The Company also anticipates an increase in after-tax adjusted operating income per share of 15 percent to 20 percent relative to full-year 2021, compared to its previous outlook of an increase of 4 percent to 7 percent. The increased expectation reflects the Company's strong first quarter performance and an improved outlook for the balance of 2022.

NON-GAAP FINANCIAL MEASURES

We analyze our performance using non-GAAP financial measures.  A non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.  The non-GAAP financial measure of "after-tax adjusted operating income" differs from net income as presented in our consolidated operating results and income statements prepared in accordance with GAAP due to the exclusion of investment gains or losses and the amortization of the cost of reinsurance as well as certain other items as specified in the reconciliations in the Financial Highlights section below.  Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, and gains or losses on derivatives. We believe after-tax adjusted operating income is a better performance measure and better indicator of the profitability and underlying trends in our business.

Investment gains or losses depend on market conditions and do not necessarily relate to decisions regarding the underlying business of our segments.  Our investment focus is on investment income to support our insurance liabilities as opposed to the generation of investment gains or losses.  Although we may experience investment gains or losses which will affect future earnings levels, a long-term focus is necessary to maintain profitability over the life of the business since our underlying business is long-term in nature, and we need to earn the interest rates assumed in calculating our liabilities.

We have exited a substantial portion of our Closed Block individual disability product line through the two phases of the reinsurance transaction that were executed in December 2020 and March 2021, respectively. As a result, we exclude the amortization of the cost of reinsurance that was recognized upon the exit of the business related to the ceded reserves for the cohort of policies on claim status. We believe that the exclusion of the amortization of the cost of reinsurance provides a better view of our results from our ongoing businesses.

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 5

We may at other times exclude certain other items from our discussion of financial ratios and metrics in order to enhance the understanding and comparability of our operational performance and the underlying fundamentals, but this exclusion is not an indication that similar items may not recur and does not replace net income or net loss as a measure of our overall profitability.

CONFERENCE CALL INFORMATION

Members of Unum Group senior management will host a conference call on Friday, May 6, 2022, at 8:00 a.m. (Eastern Time) to discuss the results of operations for the first quarter of 2022. Topics may include forward-looking information, such as the Company’s outlook on future results, trends in operations, and other material information.

The dial-in number for the conference call is 1-844-200-6205 for U.S. (access code: 355867). For Canada, the dial-in number is 1-833-950-0062 (access code: 355867). For all other callers, the dial-in number is 1-929-526-1599 (access code: 355867). A live webcast of the call will also be available at www.investors.unum.com in a listen-only mode. It is recommended that webcast viewers access the “Investors” section of the Company’s website and opt-in to the webcast approximately 5-10 minutes prior to the start of the call. A replay of the webcast will be available on the Company's website. A replay of the call will also be available through Friday, May 13 by dialing 1-866-813-9403 (U.S.), 1-226-828-7578 (Canada), (0204) 525-0658 (U.K. local), or +44 (204) 525-0658 (all other locations) - access code 813710.

In conjunction with today’s earnings announcement, the Company’s Statistical Supplement for the first quarter of 2022 is available on the “Investors” section of the Company’s website.

# # #

ABOUT UNUM GROUP

Unum Group (www.unum.com) an international provider of workplace benefits and services, has been helping workers and their families for more than 170 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, vision and stop-loss insurance; leave and absence management support and behavioral health services. In 2021, Unum reported revenues of $12.0 billion and paid $8.2 billion in benefits. The Fortune 250 company is one of the 2022 World's Most Ethical Companies, recognized by the Ethisphere® Institute.

For more information, connect with us on Facebook (www.facebook.com/unumbenefits), Twitter (www.twitter.com/unumnews) and LinkedIn (www.linkedin.com/company/unum).

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 6

SAFE HARBOR STATEMENT

Certain information in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those not based on historical information, but rather relate to our outlook, future operations, strategies, financial results, or other developments and speak only as of the date made. These forward-looking statements, including statements about anticipated growth in after-tax adjusted operating income per share, are subject to numerous assumptions, risks, and uncertainties, many of which are beyond our control. The following factors, in addition to other factors mentioned from time to time, may cause actual results to differ materially from those contemplated by the forward-looking statements: (1) the impact of COVID-19 on our business, financial position, results of operations, liquidity and capital resources, and overall business operations; (2) sustained periods of low interest rates; (3) fluctuation in insurance reserve liabilities and claim payments due to changes in claim incidence, recovery rates, mortality and morbidity rates, and policy benefit offsets due to, among other factors, the rate of unemployment and consumer confidence, the emergence of new diseases, epidemics, or pandemics, new trends and developments in medical treatments, the effectiveness of our claims operational processes, and changes in governmental programs; (4) unfavorable economic or business conditions, both domestic and foreign, that may result in decreases in sales, premiums, or persistency, as well as unfavorable claims activity; (5) changes in, or interpretations or enforcement of laws and regulations; (6) our ability to hire and retain qualified employees; (7) a cyber attack or other security breach could result in the unauthorized acquisition of confidential data; (8) the failure of our business recovery and incident management processes to resume our business operations in the event of a natural catastrophe, cyber attack, or other event; (9) investment results, including, but not limited to, changes in interest rates, defaults, changes in credit spreads, impairments, and the lack of appropriate investments in the market which can be acquired to match our liabilities; (10) increased competition from other insurers and financial services companies due to industry consolidation, new entrants to our markets, or other factors; (11) changes in our financial strength and credit ratings; (12) our ability to develop digital capabilities or execute on our technology systems upgrades or replacements; (13) actual experience in the broad array of our products that deviates from our assumptions used in pricing, underwriting, and reserving; (14) availability of reinsurance in the market and the ability of our reinsurers to meet their obligations to us; (15) ability to generate sufficient internal liquidity and/or obtain external financing; (16) damage to our reputation due to, among other factors, regulatory investigations, legal proceedings, external events, and/or inadequate or failed internal controls and procedures; (17) recoverability and/or realization of the carrying value of our intangible assets, long-lived assets, and deferred tax assets; (18) effectiveness of our risk management program; (19) contingencies and the level and results of litigation; (20) ineffectiveness of our derivatives hedging programs due to changes in the economic environment, counterparty risk, ratings downgrades, capital market volatility, changes in interest rates, and/or regulation; (21) fluctuation in foreign currency exchange rates; and (22) our ability to meet environment, social, and governance standards and expectations of investors, regulators, customers, and other stakeholders

For further discussion of risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Part 1, Item 1A “Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2021. The forward-looking statements in this news release are being made as of the date of this news release, and we expressly disclaim any obligation to update or revise any forward-looking statement contained herein, even if made available on our website or otherwise.

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 7

Unum Group

FINANCIAL HIGHLIGHTS

(Unaudited)

($ in millions, except share data)
	Three Months Ended March 31
	2022		2021
Revenue
Premium Income	$	2,403.3	$	2,378.3
Net Investment Income	527.2		548.7
Net Investment Gain (Loss)	(13.8)		84.6
Other Income	65.8		60.4
Total Revenue	2,982.5		3,072.0
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	1,843.9		2,051.2
Commissions	273.2		259.9
Interest and Debt Expense	46.9		44.4
Deferral of Acquisition Costs	(141.8)		(130.6)
Amortization of Deferred Acquisition Costs	156.1		166.4
Other Expenses	492.1		481.9
Total Benefits and Expenses	2,670.4		2,873.2
Income Before Income Tax	312.1		198.8
Income Tax Expense	58.6		45.8
Net Income	$	253.5	$	153.0
PER SHARE INFORMATION
Net Income Per Common Share
Basic	$	1.25	$	0.75
Assuming Dilution	$	1.25	$	0.75
Weighted Average Common Shares - Basic (000s)	202,628.8		204,133.3
Weighted Average Common Shares - Assuming Dilution (000s)	203,504.3		204,737.3
Outstanding Shares - (000s)	201,866.7		204,188.6

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 8

Reconciliation of Non-GAAP Financial Measures

	Three Months Ended March 31
	2022				2021
	(in millions)		per share *		(in millions)		per share *
Net Income	$	253.5	$	1.25	$	153.0	$	0.75
Excluding:
Net Investment Gains and Losses
Net Realized Investment Gain Related to Reinsurance Transaction (net of tax expense of $—; $14.2)	—		—		53.4		0.26
Net Investment Gain (Loss), Other (net of tax expense (benefit) of $(3.2); $3.5)	(10.6)		(0.05)		13.5		0.06
Total Net Investment Gain (Loss)	(10.6)		(0.05)		66.9		0.32
Items Related to Closed Block Individual Disability Reinsurance Transaction
Change in Benefit Reserves and Transaction Costs (net of tax benefit of $—; $29.2)	—		—		(110.1)		(0.53)
Amortization of the Cost of Reinsurance (net of tax benefit of $3.5; $4.2)	(13.2)		(0.06)		(15.8)		(0.08)
Total Items Related to Closed Block Individual Disability Reinsurance Transaction	(13.2)		(0.06)		(125.9)		(0.61)
After-tax Adjusted Operating Income	$	277.3	$	1.36	$	212.0	$	1.04
* Assuming Dilution

	March 31
	2022				2021
	(in millions)		per share		(in millions)		per share
Total Stockholders' Equity (Book Value)	$	10,623.1	$	52.62	$	10,570.1	$	51.77
Excluding:
Net Unrealized Gain on Securities	66.1		0.33		678.2		3.32
Net Gain on Hedges	51.4		0.25		77.1		0.38
Subtotal	10,505.6		52.04		9,814.8		48.07
Excluding:
Foreign Currency Translation Adjustment	(305.8)		(1.52)		(254.0)		(1.24)
Subtotal	10,811.4		53.56		10,068.8		49.31
Excluding:
Unrecognized Pension and Postretirement Benefit Costs	(391.8)		(1.94)		(526.2)		(2.58)
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Income (Loss)	$	11,203.2	$	55.50	$	10,595.0	$	51.89

UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES. 9

EX-99.2

Unum Group

Statistical Supplement First Quarter 2022

TABLE OF CONTENTS

(in millions of dollars, except share data and where noted)

Interim Results are Unaudited

	Page
Financial Highlights	1
Capital Metrics	2
Ratings	3
Consolidated Statements of Income	4
Sales Data by Segment	5
Consolidated Balance Sheets	6
Financial Results by Segment	7
Quarterly Historical Financial Results by Segment	8
Financial Results and Selected Statistics by Segment
Unum US	9
Unum International	10
Colonial Life	11
Closed Block	12
Corporate	13
Reserves	14
Investments	15
Appendix to Statistical Supplement	16
See "Appendix to Statistical Supplement" on page 16 for a summary of significant items and page 16.3 for a reconciliation of our non-GAAP financial measures.
N.M. = not a meaningful percentage

Unum Group Financial Highlights

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Consolidated U.S. GAAP Results¹
Premium Income	$	2,403.3		$	2,378.3		$	9,481.0		$	9,378.1
Adjusted Operating Revenue	$	2,996.3		$	2,987.4		$	11,937.1		$	11,963.0
Net Investment Gain (Loss)	(13.8)			84.6			76.7			1,199.1
Revenue	$	2,982.5		$	3,072.0		$	12,013.8		$	13,162.1
Net Income	$	253.5		$	153.0		$	824.2		$	793.0
Net Income Per Common Share:
Basic	$	1.25		$	0.75		$	4.04		$	3.89
Assuming Dilution	$	1.25		$	0.75		$	4.02		$	3.89
Assets	$	66,471.7		$	69,256.6		$	70,115.6		$	70,625.8
Stockholders' Equity	$	10,623.1		$	10,570.1		$	11,416.4		$	10,871.0
Adjusted Operating Return on Equity
Unum US	11.8		%	8.3		%	8.2		%	14.6		%
Unum International	16.2		%	10.3		%	10.4		%	6.5		%
Colonial Life	18.4		%	14.5		%	16.4		%	16.7		%
Core Operating Segments	13.8		%	10.0		%	10.3		%	14.1		%
Consolidated	10.6		%	8.7		%	8.9		%	10.7		%

Traditional U.S. Life Insurance Companies' Statutory Results2
Net Gain from Operations, After Tax	$	200.5	$	136.7	$	681.1	$	726.2
Net Realized Capital Gain (Loss), After Tax	(2.4)		6.7		98.4		(79.4)
Net Income	$	198.1	$	143.4	$	779.5	$	646.8
Capital and Surplus	$	3,941.9	$	3,729.3	$	3,950.3	$	3,875.0
Weighted Average Risk-based Capital Ratio	~ 400%		~ 370%		~ 395%		~ 365%

1 Generally Accepted Accounting Principles

2 Our traditional U.S. life insurance companies are Provident Life and Accident Insurance Company, Unum Life Insurance Company of America, The Paul Revere Life Insurance Company, Colonial Life & Accident Insurance Company, Provident Life and Casualty Insurance Company, First Unum Life Insurance Company, Unum Insurance Company, and Starmount Life Insurance Company.

1

Unum Group Capital Metrics

	3/31/2022				3/31/2021				12/31/2021				12/31/2020
	(in millions)		per share		(in millions)		per share		(in millions)		per share		(in millions)		per share
Total Stockholders' Equity (Book Value)	$	10,623.1	$	52.62	$	10,570.1	$	51.77	$	11,416.4	$	56.37	$	10,871.0	$	53.37
Excluding:
Net Unrealized Gain on Securities	66.1		0.33		678.2		3.32		962.2		4.75		1,067.7		5.24
Net Gain on Hedges	51.4		0.25		77.1		0.38		61.8		0.30		97.8		0.48
Subtotal	10,505.6		52.04		9,814.8		48.07		10,392.4		51.32		9,705.5		47.65
Excluding:
Foreign Currency Translation Adjustment	(305.8)		(1.52)		(254.0)		(1.24)		(273.9)		(1.35)		(261.3)		(1.28)
Subtotal	10,811.4		53.56		10,068.8		49.31		10,666.3		52.67		9,966.8		48.93
Excluding:
Unrecognized Pension and Postretirement Benefit Costs	(391.8)		(1.94)		(526.2)		(2.58)		(396.0)		(1.96)		(530.0)		(2.61)
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Income (Loss)	$	11,203.2	$	55.50	$	10,595.0	$	51.89	$	11,062.3	$	54.63	$	10,496.8	$	51.54
Dividends Paid	$	62.9	$	0.30	$	59.4	$	0.29	$	240.6	$	1.17	$	233.2	$	1.14

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Shares Repurchased (millions)	1.3			—			1.9			—
Cost of Shares Repurchased (millions)	$	37.5		$	—		$	50.0		$	—
Price (UNM closing price on last trading day of period)	$	31.51		$	27.83		$	24.57		$	22.94
Leverage Ratio	25.1		%	26.0		%	25.3		%	26.2		%
Holding Company Liquidity	$	1,269		$	1,664		$	1,515		$	1,512

2

Unum Group Ratings

	AM Best	Fitch	Moody's	S&P
Outlook	Stable	Stable	Stable	Stable
Issuer Credit Ratings	bbb	BBB-	Baa3	BBB
Financial Strength Ratings
Provident Life and Accident Insurance Company	A	A-	A3	A
Unum Life Insurance Company of America	A	A-	A3	A
Colonial Life & Accident Insurance Company	A	A-	A3	A
The Paul Revere Life Insurance Company	A	A-	A3	A
Starmount Life Insurance Company	A	NR	NR	NR
Unum Insurance Company	A-	A-	A3	NR
Unum Limited	NR	NR	NR	A-

NR = not rated

3

Unum Group Consolidated Statements of Income

	Three Months Ended				Year Ended
	3/31/2022		3/31/2021		12/31/2021		12/31/2020
Revenue
Premium Income	$	2,403.3	$	2,378.3	$	9,481.0	$	9,378.1
Net Investment Income	527.2		548.7		2,213.2		2,360.7
Net Investment Gain (Loss)	(13.8)		84.6		76.7		1,199.1
Other Income	65.8		60.4		242.9		224.2
Total Revenue	2,982.5		3,072.0		12,013.8		13,162.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	1,843.9		2,051.2		7,598.6		8,972.9
Commissions	273.2		259.9		1,038.1		1,057.3
Interest and Debt Expense - Non-recourse Debt	—		—		—		3.1
Interest and Debt Expense - All Other Debt	46.9		44.4		185.0		185.1
Cost Related to Early Retirement of Debt	—		—		67.3		—
Deferral of Acquisition Costs	(141.8)		(130.6)		(508.1)		(576.2)
Amortization of Deferred Acquisition Costs	156.1		166.4		586.1		606.1
Other Expenses	492.1		481.9		1,983.8		1,949.8
Total Benefits and Expenses	2,670.4		2,873.2		10,950.8		12,198.1
Income Before Income Tax	312.1		198.8		1,063.0		964.0
Income Tax	58.6		45.8		238.8		171.0
Net Income	$	253.5	$	153.0	$	824.2	$	793.0
Weighted Average Shares Outstanding
Basic	202.6		204.1		204.2		203.6
Assuming Dilution	203.5		204.7		204.8		203.8
Actual Number of Shares Outstanding	201.9		204.2		202.5		203.7

4

Unum Group Sales Data for Unum US Segment

	Three Months Ended						Year Ended
	3/31/2022		3/31/2021		% Change		12/31/2021		12/31/2020
Sales by Product
Group Disability and Group Life and AD&D
Group Long-term Disability	$	40.6	$	31.1	30.5	%	$	206.6	$	239.7
Group Short-term Disability	27.8		24.1		15.4		142.7		158.7
Group Life and AD&D	33.6		30.2		11.3		223.8		224.3
Subtotal	102.0		85.4		19.4		573.1		622.7
Supplemental and Voluntary
Voluntary Benefits	94.3		101.0		(6.6)		231.2		241.6
Individual Disability	20.3		17.0		19.4		75.0		71.4
Dental and Vision	9.2		8.0		15.0		62.4		63.9
Subtotal	123.8		126.0		(1.7)		368.6		376.9
Total Sales	$	225.8	$	211.4	6.8		$	941.7	$	999.6
Sales by Market Sector
Group Disability and Group Life and AD&D
Core Market (< 2,000 employees)	$	65.6	$	58.2	12.7	%	$	371.5	$	377.0
Large Case Market	36.4		27.2		33.8		201.6		245.7
Subtotal	102.0		85.4		19.4		573.1		622.7
Supplemental and Voluntary	123.8		126.0		(1.7)		368.6		376.9
Total Sales	$	225.8	$	211.4	6.8		$	941.7	$	999.6

5

Unum Group Sales Data for Unum International Segment

	Three Months Ended						Year Ended
(in millions of dollars)	3/31/2022		3/31/2021		% Change		12/31/2021		12/31/2020
Sales by Product
Unum UK
Group Long-term Disability	$	15.6	$	8.1	92.6	%	$	41.4	$	37.7
Group Life	8.3		6.5		27.7		31.3		20.6
Supplemental	5.9		5.1		15.7		17.0		18.9
Unum Poland	4.4		3.5		25.7		16.1		13.3
Total Sales	$	34.2	$	23.2	47.4		$	105.8	$	90.5
Sales by Market Sector
Unum UK
Group Long-term Disability and Group Life
Core Market (< 500 employees)	$	12.1	$	8.2	47.6	%	$	41.5	$	36.2
Large Case Market	11.8		6.4		84.4		31.2		22.1
Subtotal	23.9		14.6		63.7		72.7		58.3
Supplemental	5.9		5.1		15.7		17.0		18.9
Unum Poland	4.4		3.5		25.7		16.1		13.3
Total Sales	$	34.2	$	23.2	47.4		$	105.8	$	90.5
(in millions of pounds)
Unum UK Sales by Product
Group Long-term Disability	£	11.6	£	5.9	96.6	%	£	30.0	£	29.5
Group Life	6.2		4.7		31.9		22.8		16.1
Supplemental	4.4		3.7		18.9		12.3		14.9
Total Sales	£	22.2	£	14.3	55.2		£	65.1	£	60.5
Unum UK Sales by Market Sector
Group Long-term Disability and Group Life
Core Market (< 500 employees)	£	8.9	£	6.0	48.3	%	£	30.2	£	28.3
Large Case Market	8.9		4.6		93.5		22.6		17.3
Subtotal	17.8		10.6		67.9		52.8		45.6
Supplemental	4.4		3.7		18.9		12.3		14.9
Total Sales	£	22.2	£	14.3	55.2		£	65.1	£	60.5

5. 1

Unum Group Sales Data for Colonial Life Segment

	Three Months Ended						Year Ended
	3/31/2022		3/31/2021		% Change		12/31/2021		12/31/2020
Sales by Product
Accident, Sickness, and Disability	$	65.6	$	57.4	14.3	%	$	297.9	$	261.5
Life	23.8		20.6		15.5		111.0		88.8
Cancer and Critical Illness	14.6		12.2		19.7		70.9		62.8
Total Sales	$	104.0	$	90.2	15.3		$	479.8	$	413.1
Sales by Market Sector
Commercial
Core Market (< 1,000 employees)	$	72.7	$	62.3	16.7	%	$	313.2	$	266.2
Large Case Market	12.1		11.5		5.2		68.5		57.4
Subtotal	84.8		73.8		14.9		381.7		323.6
Public Sector	19.2		16.4		17.1		98.1		89.5
Total Sales	$	104.0	$	90.2	15.3		$	479.8	$	413.1

5. 2

Unum Group Consolidated Balance Sheets

	March 31		December 31
	2022		2021
Assets
Investments
Fixed Maturity Securities	$	39,946.0	$	43,336.0
Mortgage Loans	2,529.5		2,560.4
Policy Loans	3,573.5		3,662.9
Other Long-term Investments	1,280.4		1,203.0
Short-term Investments	1,295.5		1,388.0
Total Investments	48,624.9		52,150.3
Other Assets
Cash and Bank Deposits	106.6		75.0
Accounts and Premiums Receivable	1,571.6		1,519.9
Reinsurance Recoverable	10,640.3		10,919.3
Accrued Investment Income	658.5		602.7
Deferred Acquisition Costs	2,229.2		2,207.9
Goodwill	350.8		352.2
Property and Equipment	454.9		462.7
Other Assets	1,834.9		1,825.6
Total Assets	$	66,471.7	$	70,115.6

6

Unum Group Consolidated Balance Sheets - Continued

	March 31		December 31
	2022		2021
Liabilities and Stockholders' Equity
Liabilities
Policy and Contract Benefits	$	1,874.2	$	1,907.7
Reserves for Future Policy and Contract Benefits	45,258.0		48,007.5
Unearned Premiums	431.9		347.5
Other Policyholders’ Funds	1,816.9		1,790.9
Income Tax Payable	227.2		159.1
Deferred Income Tax	202.8		458.4
Long-term Debt	3,442.9		3,442.2
Other Liabilities	2,594.7		2,585.9
Total Liabilities	55,848.6		58,699.2
Stockholders’ Equity
Common Stock	30.8		30.7
Additional Paid-in Capital	2,395.8		2,408.1
Accumulated Other Comprehensive Income (Loss)	(580.1)		354.1
Retained Earnings	12,043.8		11,853.2
Treasury Stock	(3,267.2)		(3,229.7)
Total Stockholders’ Equity	10,623.1		11,416.4
Total Liabilities and Stockholders’ Equity	$	66,471.7	$	70,115.6

6. 1

Unum Group Deferred Acquisition Costs by Segment

	Unum US		Unum International		Colonial Life		Consolidated
Balance at December 31, 2020	$	1,168.7	$	32.0	$	1,071.9	$	2,272.6
Capitalization	242.7		12.8		252.6		508.1
Amortization	(319.0)		(8.0)		(259.1)		(586.1)
Adjustment Related to Unrealized Investment Gains and Losses	3.8		—		10.9		14.7
Foreign Currency	—		(1.4)		—		(1.4)
Balance at December 31, 2021	1,096.2		35.4		1,076.3		2,207.9
Capitalization	68.3		3.5		70.0		141.8
Amortization	(79.7)		(2.0)		(74.4)		(156.1)
Adjustment Related to Unrealized Investment Gains and Losses	6.5		—		30.3		36.8
Foreign Currency	—		(1.2)		—		(1.2)
Balance at March 31, 2022	$	1,091.3	$	35.7	$	1,102.2	$	2,229.2

6. 2

Unum Group Balance Sheets by Segment - March 31, 2022

	Unum US
	Group Disability		Group Life and Accidental Death & Dismemberment		Supplemental and Voluntary		Total Unum US		Unum International		Colonial Life		Closed Block		Corporate		Consolidated
Assets
Investments	$	7,847.7	$	2,459.2	$	5,000.3	$	15,307.2	$	3,422.6	$	3,363.3	$	24,033.0	$	2,498.8	$	48,624.9
Deferred Acquisition Costs	93.7		60.0		937.6		1,091.3		35.7		1,102.2		—		—		2,229.2
Goodwill	8.9		—		271.1		280.0		43.1		27.7		—		—		350.8
All Other	347.4		338.6		376.6		1,062.6		371.0		266.3		12,180.4		1,386.5		15,266.8
Total Assets	$	8,297.7	$	2,857.8	$	6,585.6	$	17,741.1	$	3,872.4	$	4,759.5	$	36,213.4	$	3,885.3	$	66,471.7
Liabilities
Reserves and Policyholder Benefits	$	6,445.8	$	1,965.5	$	4,125.6	$	12,536.9	$	2,984.7	$	2,974.3	$	30,885.1	$	—	$	49,381.0
Debt	—		—		—		—		—		—		—		3,442.9		3,442.9
All Other	159.9		90.0		301.2		551.1		142.7		175.2		605.6		1,550.1		3,024.7
Total Liabilities	6,605.7		2,055.5		4,426.8		13,088.0		3,127.4		3,149.5		31,490.7		4,993.0		55,848.6
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity	1,667.6		834.1		2,091.5		4,593.2		769.8		1,563.7		4,450.3		(871.4)		10,505.6
Net Unrealized Gain (Loss) on Securities and Net Gain on Hedges	24.4		(31.8)		67.3		59.9		(24.8)		46.3		272.4		(236.3)		117.5
Total Allocated Stockholders' Equity	1,692.0		802.3		2,158.8		4,653.1		745.0		1,610.0		4,722.7		(1,107.7)		10,623.1
Total Liabilities and Allocated Stockholders' Equity	$	8,297.7	$	2,857.8	$	6,585.6	$	17,741.1	$	3,872.4	$	4,759.5	$	36,213.4	$	3,885.3	$	66,471.7

Allocated stockholders' equity is determined on the basis of an internal allocation formula that reflects the volume and risk components of the business and aligns with our target capital levels for regulatory and rating agency purposes. We modify this formula periodically to recognize changes in the views of capital requirements.

6. 3

Unum Group Balance Sheets by Segment - December 31, 2021

	Unum US
	Group Disability		Group Life and Accidental Death & Dismemberment		Supplemental and Voluntary		Total Unum US		Unum International		Colonial Life		Closed Block		Corporate		Consolidated
Assets
Investments	$	8,260.2	$	2,525.5	$	5,301.1	$	16,086.8	$	3,740.2	$	3,533.8	$	25,968.2	$	2,821.3	$	52,150.3
Deferred Acquisition Costs	93.7		59.1		943.4		1,096.2		35.4		1,076.3		—		—		2,207.9
Goodwill	8.9		—		271.1		280.0		44.5		27.7		—		—		352.2
All Other	411.3		416.3		405.7		1,233.3		266.4		258.1		12,319.7		1,327.7		15,405.2
Total Assets	$	8,774.1	$	3,000.9	$	6,921.3	$	18,696.3	$	4,086.5	$	4,895.9	$	38,287.9	$	4,149.0	$	70,115.6
Liabilities
Reserves and Policyholder Benefits	$	6,913.6	$	2,007.9	$	4,289.8	$	13,211.3	$	3,136.4	$	2,985.4	$	32,720.5	$	—	$	52,053.6
Debt	—		—		—		—		—		—		—		3,442.2		3,442.2
All Other	160.2		125.6		334.5		620.3		161.2		203.8		629.0		1,589.1		3,203.4
Total Liabilities	7,073.8		2,133.5		4,624.3		13,831.6		3,297.6		3,189.2		33,349.5		5,031.3		58,699.2
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity	1,663.2		832.9		2,091.3		4,587.4		788.8		1,539.0		4,526.7		(1,049.5)		10,392.4
Net Unrealized Gain on Securities and Net Gain on Hedges	37.1		34.5		205.7		277.3		0.1		167.7		411.7		167.2		1,024.0
Total Allocated Stockholders' Equity	1,700.3		867.4		2,297.0		4,864.7		788.9		1,706.7		4,938.4		(882.3)		11,416.4
Total Liabilities and Allocated Stockholders' Equity	$	8,774.1	$	3,000.9	$	6,921.3	$	18,696.3	$	4,086.5	$	4,895.9	$	38,287.9	$	4,149.0	$	70,115.6

6. 4

Unum Group Financial Results by Segment

We measure and analyze our segment performance on the basis of "adjusted operating revenue" and "adjusted operating income" or "adjusted operating loss", which differ from total revenue and income before income tax as presented in our consolidated statements of income due to the exclusion of investment gains or losses and amortization of the cost of reinsurance as well as certain other items as specified in the following pages. Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, and gains or losses on derivatives. These performance measures are in accordance with GAAP guidance for segment reporting, but they should not be viewed as a substitute for total revenue, income before income tax, or net income.

	Three Months Ended						Year Ended
	3/31/2022		3/31/2021		% Change		12/31/2021		12/31/2020		% Change
Premium Income
Unum US	$	1,544.9	$	1,525.8	1.3	%	$	6,078.0	$	6,018.9	1.0	%
Unum International	187.8		174.4		7.7		717.0		652.8		9.8
Colonial Life	430.7		426.4		1.0		1,690.2		1,712.0		(1.3)
Closed Block	239.9		251.7		(4.7)		995.8		994.4		0.1
	2,403.3		2,378.3		1.1		9,481.0		9,378.1		1.1
Net Investment Income
Unum US	171.0		179.7		(4.8)		721.6		720.3		0.2
Unum International	34.5		26.0		32.7		132.7		104.6		26.9
Colonial Life	38.1		37.7		1.1		172.0		155.7		10.5
Closed Block	274.8		297.2		(7.5)		1,159.0		1,370.3		(15.4)
Corporate	8.8		8.1		8.6		27.9		9.8		184.7
	527.2		548.7		(3.9)		2,213.2		2,360.7		(6.2)
Other Income
Unum US	47.1		40.4		16.6		170.0		154.9		9.7
Unum International	0.2		0.1		100.0		0.6		0.5		20.0
Colonial Life	0.3		0.2		50.0		1.0		1.1		(9.1)
Closed Block	16.0		18.4		(13.0)		65.1		66.6		(2.3)
Corporate	2.2		1.3		69.2		6.2		1.1		N.M.
	65.8		60.4		8.9		242.9		224.2		8.3
Total Adjusted Operating Revenue
Unum US	1,763.0		1,745.9		1.0		6,969.6		6,894.1		1.1
Unum International	222.5		200.5		11.0		850.3		757.9		12.2
Colonial Life	469.1		464.3		1.0		1,863.2		1,868.8		(0.3)
Closed Block	530.7		567.3		(6.5)		2,219.9		2,431.3		(8.7)
Corporate	11.0		9.4		17.0		34.1		10.9		N.M.
	$	2,996.3	$	2,987.4	0.3		$	11,937.1	$	11,963.0	(0.2)

7

Unum Group Financial Results by Segment - Continued

	Three Months Ended						Year Ended
	3/31/2022		3/31/2021		% Change		12/31/2021		12/31/2020		% Change
Benefits and Expenses
Unum US	$	1,591.4	$	1,630.2	(2.4)	%	$	6,289.7	$	6,068.7	3.6	%
Unum International	195.3		174.1		12.2		744.6		681.3		9.3
Colonial Life	379.0		391.0		(3.1)		1,534.0		1,533.4		—
Closed Block	453.3		629.6		(28.0)		2,077.2		3,667.0		(43.4)
Corporate	51.4		48.3		6.4		305.3		247.7		23.3
	2,670.4		2,873.2		(7.1)		10,950.8		12,198.1		(10.2)
Income (Loss) Before Income Tax and Net Investment Gain (Loss)
Unum US	171.6		115.7		48.3		679.9		825.4		(17.6)
Unum International	27.2		26.4		3.0		105.7		76.6		38.0
Colonial Life	90.1		73.3		22.9		329.2		335.4		(1.8)
Closed Block	77.4		(62.3)		224.2		142.7		(1,235.7)		111.5
Corporate	(40.4)		(38.9)		(3.9)		(271.2)		(236.8)		(14.5)
	325.9		114.2		185.4		986.3		(235.1)		519.5
Income Tax	61.8		28.1		119.9		222.7		(81.6)		372.9
Income Before Net Investment Gain (Loss)	264.1		86.1		206.7		763.6		(153.5)		597.5
Net Investment Gain (Loss) (net of tax expense (benefit) of $(3.2); $17.7; $16.1; $252.6)	(10.6)		66.9		(115.8)		60.6		946.5		(93.6)
Net Income	$	253.5	$	153.0	65.7		$	824.2	$	793.0	3.9

7. 1

Unum Group Quarterly Historical Financial Results by Segment

	3/31/22		12/31/21		9/30/21		6/30/21		3/31/21		12/31/20		9/30/20		6/30/20		3/31/20
Premium Income
Unum US	$	1,544.9	$	1,529.3	$	1,500.8	$	1,522.1	$	1,525.8	$	1,485.1	$	1,483.4	$	1,522.7	$	1,527.7
Unum International	187.8		177.5		181.6		183.5		174.4		165.7		165.4		157.1		164.6
Colonial Life	430.7		423.3		420.8		419.7		426.4		418.8		419.9		438.6		434.7
Closed Block	239.9		244.5		250.5		249.1		251.7		250.3		249.4		250.3		244.4
	2,403.3		2,374.6		2,353.7		2,374.4		2,378.3		2,319.9		2,318.1		2,368.7		2,371.4
Net Investment Income
Unum US	171.0		182.1		176.2		183.6		179.7		173.1		190.7		176.9		179.6
Unum International	34.5		37.9		33.1		35.7		26.0		25.5		26.3		26.3		26.5
Colonial Life	38.1		40.9		51.8		41.6		37.7		37.5		43.7		36.8		37.7
Closed Block	274.8		282.5		284.6		294.7		297.2		356.7		351.2		326.3		336.1
Corporate	8.8		7.4		4.5		7.9		8.1		0.7		1.3		2.7		5.1
	527.2		550.8		550.2		563.5		548.7		593.5		613.2		569.0		585.0
Other Income
Unum US	47.1		44.8		43.5		41.3		40.4		37.4		42.0		35.3		40.2
Unum International	0.2		—		0.4		0.1		0.1		0.1		0.2		0.2		—
Colonial Life	0.3		0.2		0.3		0.3		0.2		0.2		0.3		0.3		0.3
Closed Block	16.0		15.3		19.3		12.1		18.4		16.9		17.8		13.7		18.2
Corporate	2.2		2.1		2.4		0.4		1.3		0.6		0.3		0.2		—
	65.8		62.4		65.9		54.2		60.4		55.2		60.6		49.7		58.7
Total Adjusted Operating Revenue
Unum US	1,763.0		1,756.2		1,720.5		1,747.0		1,745.9		1,695.6		1,716.1		1,734.9		1,747.5
Unum International	222.5		215.4		215.1		219.3		200.5		191.3		191.9		183.6		191.1
Colonial Life	469.1		464.4		472.9		461.6		464.3		456.5		463.9		475.7		472.7
Closed Block	530.7		542.3		554.4		555.9		567.3		623.9		618.4		590.3		598.7
Corporate	11.0		9.5		6.9		8.3		9.4		1.3		1.6		2.9		5.1
	$	2,996.3	$	2,987.8	$	2,969.8	$	2,992.1	$	2,987.4	$	2,968.6	$	2,991.9	$	2,987.4	$	3,015.1

8

Unum Group Quarterly Historical Financial Results by Segment - Continued

	3/31/22		12/31/21		9/30/21		6/30/21		3/31/21		12/31/20		9/30/20		6/30/20		3/31/20
Benefits and Expenses
Unum US	$	1,591.4	$	1,674.8	$	1,417.0	$	1,567.7	$	1,630.2	$	1,552.1	$	1,527.9	$	1,503.0	$	1,485.7
Unum International	195.3		188.3		187.7		194.5		174.1		170.6		170.5		168.5		171.7
Colonial Life	379.0		384.4		392.8		365.8		391.0		385.3		371.7		384.8		391.6
Closed Block	453.3		485.3		497.9		464.4		629.6		1,996.8		547.6		553.6		569.0
Corporate	51.4		54.6		64.4		138.0		48.3		44.0		79.0		73.7		51.0
	2,670.4		2,787.4		2,559.8		2,730.4		2,873.2		4,148.8		2,696.7		2,683.6		2,669.0
Income Before Income Tax Expense (Benefit) and Net Investment Gain (Loss)
Unum US	171.6		81.4		303.5		179.3		115.7		143.5		188.2		231.9		261.8
Unum International	27.2		27.1		27.4		24.8		26.4		20.7		21.4		15.1		19.4
Colonial Life	90.1		80.0		80.1		95.8		73.3		71.2		92.2		90.9		81.1
Closed Block	77.4		57.0		56.5		91.5		(62.3)		(1,372.9)		70.8		36.7		29.7
Corporate	(40.4)		(45.1)		(57.5)		(129.7)		(38.9)		(42.7)		(77.4)		(70.8)		(45.9)
	325.9		200.4		410.0		261.7		114.2		(1,180.2)		295.2		303.8		346.1
Income Tax Expense (Benefit)	61.8		33.9		81.3		79.4		28.1		(285.2)		67.9		63.7		72.0
Income (Loss) Before Net Investment Gain (Loss)	264.1		166.5		328.7		182.3		86.1		(895.0)		227.3		240.1		274.1
Net Investment Gain (Loss)	(13.8)		(8.7)		(0.1)		0.9		84.6		1,304.9		4.4		33.8		(144.0)
Tax Expense (Benefit) on Net Investment Gain (Loss)	(3.2)		(1.9)		—		0.3		17.7		274.5		0.6		8.4		(30.9)
Net Income	$	253.5	$	159.7	$	328.6	$	182.9	$	153.0	$	135.4	$	231.1	$	265.5	$	161.0
Net Income Per Common Share - Assuming Dilution	$	1.25	$	0.78	$	1.60	$	0.89	$	0.75	$	0.66	$	1.13	$	1.30	$	0.79

8. 1

Unum Group Financial Results for Unum US Segment

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Adjusted Operating Revenue
Premium Income	$	1,544.9		$	1,525.8		$	6,078.0		$	6,018.9
Net Investment Income	171.0			179.7			721.6			720.3
Other Income	47.1			40.4			170.0			154.9
Total	1,763.0			1,745.9			6,969.6			6,894.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	1,094.7			1,133.3			4,338.8			4,138.7
Commissions	153.2			147.9			583.4			594.9
Deferral of Acquisition Costs	(68.3)			(66.9)			(242.7)			(291.5)
Amortization of Deferred Acquisition Costs	79.7			98.7			319.0			341.0
Other Expenses	332.1			317.2			1,291.2			1,285.6
Total	1,591.4			1,630.2			6,289.7			6,068.7
Income Before Income Tax and Net Realized Investment Gains and Losses	171.6			115.7			679.9			825.4
Reserve Assumption Update	—			—			(215.0)			—
Adjusted Operating Income	$	171.6		$	115.7		$	464.9		$	825.4
Operating Ratios (% of Premium Income):
Benefit Ratio1	70.9		%	74.3		%	74.9		%	68.8		%
Other Expense Ratio	21.5		%	20.8		%	21.2		%	21.4		%
Adjusted Operating Income Ratio	11.1		%	7.6		%	7.6		%	13.7		%

1Excludes the $215.0 million reserve decrease during the twelve months ended December 31, 2021, related to the reserve assumption update that occurred during the third quarter of 2021.

9

Unum Group Financial Results for Unum US Group Disability

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Adjusted Operating Revenue
Premium Income
Group Long-term Disability	$	463.9		$	457.7		$	1,827.8		$	1,828.5
Group Short-term Disability	221.6			215.2			864.0			799.2
Total Premium Income	685.5			672.9			2,691.8			2,627.7
Net Investment Income	90.3			97.4			379.6			388.8
Other Income	45.3			39.5			165.7			147.6
Total	821.1			809.8			3,237.1			3,164.1
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	506.1			503.3			1,849.2			1,921.9
Commissions	52.5			51.3			199.8			191.8
Deferral of Acquisition Costs	(12.7)			(12.6)			(49.8)			(49.3)
Amortization of Deferred Acquisition Costs	12.7			12.9			51.4			53.1
Other Expenses	199.9			190.8			773.9			756.6
Total	758.5			745.7			2,824.5			2,874.1
Income Before Income Tax and Net Investment Gains and Losses	62.6			64.1			412.6			290.0
Reserve Assumption Update	—			—			(215.0)			—
Adjusted Operating Income	$	62.6		$	64.1		$	197.6		$	290.0
Operating Ratios (% of Premium Income):
Benefit Ratio1	73.8		%	74.8		%	76.7		%	73.1		%
Other Expense Ratio	29.2		%	28.4		%	28.8		%	28.8		%
Adjusted Operating Income Ratio	9.1		%	9.5		%	7.3		%	11.0		%
Persistency:
Group Long-term Disability	90.4		%	90.7		%	89.6		%	90.8		%
Group Short-term Disability	89.2		%	86.1		%	87.4		%	88.7		%

1Excludes the $215.0 million reserve decrease during the twelve months ended December 31, 2021, related to the reserve assumption update that occurred during the third quarter of 2021.

9. 1

Unum Group Financial Results for Unum US Group Life and Accidental Death & Dismemberment

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Adjusted Operating Revenue
Premium Income
Group Life	$	412.6		$	410.0		$	1,641.9		$	1,640.5
Accidental Death & Dismemberment	42.1			41.4			165.1			163.9
Total Premium Income	454.7			451.4			1,807.0			1,804.4
Net Investment Income	24.9			24.9			104.0			97.2
Other Income	0.4			0.3			1.7			2.4
Total	480.0			476.6			1,912.7			1,904.0
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	399.5			445.8			1,728.8			1,470.4
Commissions	36.7			36.8			144.7			143.2
Deferral of Acquisition Costs	(9.1)			(9.4)			(21.0)			(36.0)
Amortization of Deferred Acquisition Costs	8.2			9.6			38.3			39.3
Other Expenses	54.1			52.1			213.8			205.3
Total	489.4			534.9			2,104.6			1,822.2
Adjusted Operating Income (Loss)	$	(9.4)		$	(58.3)		$	(191.9)		$	81.8
Operating Ratios (% of Premium Income):
Benefit Ratio	87.9		%	98.8		%	95.7		%	81.5		%
Other Expense Ratio	11.9		%	11.5		%	11.8		%	11.4		%
Adjusted Operating Income Ratio	(2.1)		%	(12.9)		%	(10.6)		%	4.5		%
Persistency:
Group Life	89.0		%	90.1		%	89.7		%	88.8		%
Accidental Death & Dismemberment	88.2		%	89.7		%	89.1		%	88.2		%

9. 2

Unum Group Financial Results for Unum US Supplemental and Voluntary

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Adjusted Operating Revenue
Premium Income
Voluntary Benefits	$	220.5		$	218.7		$	846.7		$	875.2
Individual Disability	113.6			115.7			459.8			456.0
Dental and Vision	70.6			67.1			272.7			255.6
Total Premium Income	404.7			401.5			1,579.2			1,586.8
Net Investment Income	55.8			57.4			238.0			234.3
Other Income	1.4			0.6			2.6			4.9
Total	461.9			459.5			1,819.8			1,826.0
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	189.1			184.2			760.8			746.4
Commissions	64.0			59.8			238.9			259.9
Deferral of Acquisition Costs	(46.5)			(44.9)			(171.9)			(206.2)
Amortization of Deferred Acquisition Costs	58.8			76.2			229.3			248.6
Other Expenses	78.1			74.3			303.5			323.7
Total	343.5			349.6			1,360.6			1,372.4
Adjusted Operating Income	$	118.4		$	109.9		$	459.2		$	453.6
Operating Ratios (% of Premium Income):
Benefit Ratios:
Voluntary Benefits	40.4		%	39.3		%	43.2		%	42.2		%
Individual Disability	42.5		%	42.4		%	42.8		%	48.8		%
Dental and Vision	73.4		%	73.2		%	72.6		%	60.6		%
Other Expense Ratio	19.3		%	18.5		%	19.2		%	20.4		%
Adjusted Operating Income Ratio	29.3		%	27.4		%	29.1		%	28.6		%
Persistency:
Voluntary Benefits	75.9		%	74.3		%	75.8		%	72.7		%
Individual Disability	89.3		%	90.2		%	89.7		%	89.5		%
Dental and Vision	84.0		%	87.4		%	86.0		%	85.0		%

9. 3

Unum Group Financial Results for Unum International Segment

	Three Months Ended				Year Ended
	3/31/2022		3/31/2021		12/31/2021		12/31/2020
Adjusted Operating Revenue
Premium Income
Unum UK
Group Long-term Disability	$	103.4	$	97.1	$	401.9	$	364.9
Group Life	32.2		27.3		112.3		108.5
Supplemental	29.0		28.0		112.6		99.8
Unum Poland	23.2		22.0		90.2		79.6
Total Premium Income	187.8		174.4		717.0		652.8
Net Investment Income	34.5		26.0		132.7		104.6
Other Income	0.2		0.1		0.6		0.5
Total	222.5		200.5		850.3		757.9
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	147.3		129.5		556.2		500.9
Commissions	14.9		12.9		54.1		49.7
Deferral of Acquisition Costs	(3.5)		(2.9)		(12.8)		(12.1)
Amortization of Deferred Acquisition Costs	2.0		2.1		8.0		7.4
Other Expenses	34.6		32.5		139.1		135.4
Total	195.3		174.1		744.6		681.3
Adjusted Operating Income	$	27.2	$	26.4	$	105.7	$	76.6

10

Unum Group Financial Results for Unum UK

	Three Months Ended						Year Ended
(in millions of pounds, except exchange rate)	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Adjusted Operating Revenue
Premium Income
Group Long-term Disability	£	77.1		£	70.4		£	292.0		£	284.2
Group Life	24.0			19.8			81.7			84.6
Supplemental	21.6			20.3			81.8			77.7
Total Premium Income	122.7			110.5			455.5			446.5
Net Investment Income	24.2			17.4			91.0			76.0
Other Income	0.1			—			0.1			0.1
Total	147.0			127.9			546.6			522.6
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	99.0			83.2			362.8			352.5
Commissions	8.2			6.7			28.7			28.1
Deferral of Acquisition Costs	(1.2)			(0.8)			(4.3)			(4.2)
Amortization of Deferred Acquisition Costs	1.2			1.3			5.1			5.3
Other Expenses	20.6			18.9			81.8			86.5
Total	127.8			109.3			474.1			468.2
Adjusted Operating Income	£	19.2		£	18.6		£	72.5		£	54.4
Weighted Average Pound/Dollar Exchange Rate	1.344			1.382			1.377			1.287
Operating Ratios (% of Premium Income):
Benefit Ratio	80.7		%	75.3		%	79.6		%	78.9		%
Other Expense Ratio	16.8		%	17.1		%	18.0		%	19.4		%
Adjusted Operating Income Ratio	15.6		%	16.8		%	15.9		%	12.2		%
Persistency:
Group Long-term Disability	88.1		%	87.0		%	89.3		%	88.2		%
Group Life	88.0		%	87.2		%	86.5		%	81.8		%
Supplemental	90.4		%	88.2		%	90.9		%	90.7		%

10. 1

Unum Group Financial Results for Colonial Life Segment

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Adjusted Operating Revenue
Premium Income
Accident, Sickness, and Disability	$	239.7		$	240.7		$	953.3		$	975.1
Life	101.7			96.6			384.7			376.4
Cancer and Critical Illness	89.3			89.1			352.2			360.5
Total Premium Income	430.7			426.4			1,690.2			1,712.0
Net Investment Income	38.1			37.7			172.0			155.7
Other Income	0.3			0.2			1.0			1.1
Total	469.1			464.3			1,863.2			1,868.8
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	212.3			236.2			910.4			906.5
Commissions	85.6			78.3			320.1			334.3
Deferral of Acquisition Costs	(70.0)			(60.8)			(252.6)			(272.6)
Amortization of Deferred Acquisition Costs	74.4			65.6			259.1			257.7
Other Expenses	76.7			71.7			297.0			307.5
Total	379.0			391.0			1,534.0			1,533.4
Adjusted Operating Income	$	90.1		$	73.3		$	329.2		$	335.4
Operating Ratios (% of Premium Income):
Benefit Ratio	49.3		%	55.4		%	53.9		%	52.9		%
Other Expense Ratio	17.8		%	16.8		%	17.6		%	18.0		%
Adjusted Operating Income Ratio	20.9		%	17.2		%	19.5		%	19.6		%
Persistency:
Accident, Sickness, and Disability	74.5		%	75.0		%	75.4		%	74.3		%
Life	85.4		%	84.1		%	85.5		%	83.7		%
Cancer and Critical Illness	82.2		%	82.3		%	82.4		%	81.8		%

11

Unum Group Financial Results for Closed Block Segment

	Three Months Ended						Year Ended
	3/31/2022			3/31/2021			12/31/2021			12/31/2020
Adjusted Operating Revenue
Premium Income
Long-term Care	$	174.8		$	177.4		$	704.3		$	666.9
Individual Disability	63.4			72.1			284.0			319.6
All Other	1.7			2.2			7.5			7.9
Total Premium Income	239.9			251.7			995.8			994.4
Net Investment Income	274.8			297.2			1,159.0			1,370.3
Other Income	16.0			18.4			65.1			66.6
Total	530.7			567.3			2,219.9			2,431.3
Benefits and Expenses
Benefits and Change in Reserves for Future Benefits	389.6			552.2			1,793.2			3,426.8
Commissions	19.5			20.8			80.5			78.4
Interest and Debt Expense	—			—			—			3.1
Other Expenses	44.2			56.6			203.5			158.7
Total	453.3			629.6			2,077.2			3,667.0
Income (Loss) Before Income Tax and Net Investment Gains and Losses	77.4			(62.3)			142.7			(1,235.7)
Long-term Care Reserve Assumption Update	—			—			2.1			151.5
Individual Disability Reserve Assumption Update	—			—			6.4			—
Group Pension Reserve Assumption Update	—			—			25.1			17.5
Impacts from Closed Block Individual Disability Reinsurance Transaction	—			139.3			139.3			1,305.5
Amortization of the Cost of Reinsurance	16.7			20.0			79.1			2.6
Adjusted Operating Income	$	94.1		$	97.0		$	394.7		$	241.4
Interest Adjusted Loss Ratios:
Long-term Care1	70.2		%	77.7		%	77.3		%	68.9		%
Individual Disability2	78.7		%	68.9		%	67.9		%	85.1		%
Operating Ratios (% of Premium Income):
Other Expense Ratio3	11.5		%	12.1		%	11.9		%	13.6		%
Income (Loss) Ratio	32.3		%	(24.8)		%	14.3		%	(124.3)		%
Adjusted Operating Income Ratio	39.2		%	38.5		%	39.6		%	24.3		%
Persistency:
Long-term Care	95.4		%	93.3		%	95.6		%	94.8		%
Individual Disability	86.5		%	87.7		%	86.4		%	88.0		%

1Excludes $2.1 million during the twelve months ended December 31, 2021, related to the reserve assumption update that occurred during the third quarter of 2021 and excludes $151.5 million during the twelve months ended December 31, 2020, related to the reserve assumption update that occurred during the fourth quarter of 2020. The interest adjusted loss ratio for long-term care for the rolling twelve months ended March 31, 2022, excluding the third quarter of 2021 reserve increase, was 75.5 percent. The interest-adjusted loss ratio for the rolling twelve months ended March 31, 2021 excluding the fourth quarter of 2020 reserve increase, was 68.1 percent.

12

2 The interest adjusted loss ratio for the twelve months ended December 31, 2020 excludes the reserve recognition of $1,284.5 million related to the first phase of the reinsurance transaction. The interest-adjusted loss ratio for the three months ended March 31, 2021 and twelve months ended December 31 2021 excludes the reserve recognition of $133.1 million related to the second phase of the reinsurance transaction.

3Excludes $16.7 million, $20.0 million, $79.1 million and $2.6 million of amortization of the cost of reinsurance during the first quarter of 2022, first quarter of 2021, and twelve months ended December 31, 2021 and twelve months ended December 31, 2020, respectively. Excludes $21.0 million of transaction costs related to the first phase of the reinsurance transaction from the twelve months ended December 31, 2020. Also excludes $6.2 million of transaction costs related to the second phase of the reinsurance transaction from the three months ended March 31, 2021 and twelve months ended December 31, 2021.

12.1

Unum Group Financial Results for Corporate Segment

	Three Months Ended				Year Ended
	3/31/2022		3/31/2021		12/31/2021		12/31/2020
Adjusted Operating Revenue
Net Investment Income	$	8.8	$	8.1	$	27.9	$	9.8
Other Income	2.2		1.3		6.2		1.1
Total	11.0		9.4		34.1		10.9
Interest, Debt, and Other Expenses	51.4		48.3		305.3		247.7
Loss Before Income Tax and Net Investment Gain (Loss)	(40.4)		(38.9)		(271.2)		(236.8)
Impairment Loss on Internal-Use Software	—		—		12.1		—
Costs Related to Organizational Design Update	—		—		67.3		—
Impairment Loss on ROU Asset	—		—		13.9		12.7
Cost Related to Early Retirement of Debt	—		—		—		23.3
Adjusted Operating Loss	$	(40.4)	$	(38.9)	$	(177.9)	$	(200.8)

13

Unum Group Reserves

	March 31, 2022
	Gross												Total Reinsurance Ceded
	Policy Reserves				Claim Reserves										Total Net
			%		Incurred		IBNR		%		Total
Group Disability	$	—	—	%	$	5,297.4	$	787.8	26.0	%	$	6,085.2	$	58.2	$	6,027.0
Group Life and Accidental Death & Dismemberment	56.0		0.3		694.0		250.8		4.0		1,000.8		4.7		996.1
Individual Disability	449.9		2.1		1,415.9		149.5		6.7		2,015.3		207.6		1,807.7
Voluntary Benefits	1,752.6		8.1		48.9		50.9		0.4		1,852.4		23.8		1,828.6
Dental and Vision	—		—		0.2		13.3		0.1		13.5		0.1		13.4
Unum US Segment	2,258.5		10.5		7,456.4		1,252.3		37.2		10,967.2		294.4		10,672.8
Unum International Segment	206.6		1.0		2,056.7		156.1		9.5		2,419.4		88.1		2,331.3
Colonial Life Segment	2,488.2		11.5		319.7		114.9		1.9		2,922.8		2.4		2,920.4
Individual Disability	136.4		0.6		9,067.1		118.8		39.2		9,322.3		7,981.5		1,340.8
Long-term Care	10,943.8		50.6		2,326.2		273.2		11.1		13,543.2		6.7		13,536.5
Other	5,588.1		25.8		152.2		112.6		1.1		5,852.9		4,901.2		951.7
Closed Block Segment	16,668.3		77.0		11,545.5		504.6		51.4		28,718.4		12,889.4		15,829.0
Subtotal	$	21,621.6	100.0	%	$	21,378.3	$	2,027.9	100.0	%	45,027.8		13,274.3		31,753.5
Adjustment Related to Unrealized Investment Gains and Losses											2,104.4		74.8		2,029.6
Consolidated											$	47,132.2	$	13,349.1	$	33,783.1

The adjustment related to unrealized investment gains and losses reflects the changes that would be necessary to policyholder liabilities if the unrealized investment gains and losses related to the corresponding available-for-sale securities had been realized. Changes in this adjustment are primarily due to movements in credit spreads and U.S. Treasury rates.

14

Unum Group Reserves

	December 31, 2021
	Gross												Total Reinsurance Ceded
	Policy Reserves				Claim Reserves										Total Net
			%		Incurred		IBNR		%		Total
Group Disability	$	—	—	%	$	5,350.2	$	766.6	25.9	%	$	6,116.8	$	52.3	$	6,064.5
Group Life and Accidental Death & Dismemberment	56.7		0.3		715.8		281.0		4.2		1,053.5		4.4		1,049.1
Individual Disability	456.1		2.1		1,412.0		150.4		6.6		2,018.5		205.7		1,812.8
Voluntary Benefits	1,752.2		8.1		47.6		51.3		0.4		1,851.1		23.7		1,827.4
Dental and Vision	—		—		0.9		11.5		0.1		12.4		0.1		12.3
Unum US Segment	2,265.0		10.5		7,526.5		1,260.8		37.2		11,052.3		286.2		10,766.1
Unum International Segment	211.2		1.0		2,110.7		156.0		9.6		2,477.9		94.3		2,383.6
Colonial Life Segment	2,471.8		11.4		322.8		115.5		1.9		2,910.1		3.2		2,906.9
Individual Disability	148.6		0.7		9,210.0		123.6		39.4		9,482.2		8,145.4		1,336.8
Long-term Care	10,842.2		50.2		2,300.1		271.7		10.9		13,414.0		7.4		13,406.6
Other	5,652.2		26.2		153.2		113.8		1.0		5,919.2		4,950.1		969.1
Closed Block Segment	16,643.0		77.1		11,663.3		509.1		51.3		28,815.4		13,102.9		15,712.5
Subtotal	$	21,591.0	100.0	%	$	21,623.3	$	2,041.4	100.0	%	45,255.7		13,486.6		31,769.1
Adjustment Related to Unrealized Investment Gains and Losses											4,659.5		132.1		4,527.4
Consolidated											$	49,915.2	$	13,618.7	$	36,296.5

14. 1

Unum Group Investments

	3/31/2022						3/31/2022			12/31/2021
Fixed Maturity Securities (Fair Value)						Selected Statistics
Public	$	24,743.8		62.0	%	Earned Book Yield	4.56		%	4.85		%
Mortgage-Backed/Asset-Backed Securities	559.1			1.4		Average Duration (in years)	8.05			8.35
Private Placements	6,207.1			15.5
High Yield	2,522.9			6.3
Government Securities	1,602.0			4.0
Municipal Securities	4,307.3			10.8
Redeemable Preferred Stocks	3.8			—
Total	$	39,946.0		100.0	%
	Amortized Cost			Fair Value		Private Equity Partnerships	3/31/2022			12/31/2021
Quality Ratings of Fixed Maturity Securities						Private Credit Partnerships	$	291.6		$	279.4
Aaa	4.6		%	4.7	%	Private Equity Partnerships	424.4			384.6
Aa	11.6			11.7		Real Asset Partnerships	329.9			314.6
A	26.5			27.0		Total	$	1,045.9		$	978.6
Baa	50.7			50.3
Below Baa	6.6			6.3
Total	100.0		%	100.0	%	Non-Current Investments	$	—		$	19.8

15

Unum Group Investments at March 31, 2022

Fixed Maturity Securities - By Industry Classification - Unrealized Gain (Loss)
Classification	Fair Value		Net Unrealized Gain (Loss)		Fair Value with Gross Unrealized Loss		Gross Unrealized Loss		Fair Value with Gross Unrealized Gain		Gross Unrealized Gain
Basic Industry	$	2,875.4	$	109.4	$	698.4	$	50.6	$	2,177.0	$	160.0
Capital Goods	3,669.9		201.9		918.8		68.9		2,751.1		270.8
Communications	2,579.6		205.5		677.6		49.6		1,902.0		255.1
Consumer Cyclical	1,488.5		53.0		370.4		30.8		1,118.1		83.8
Consumer Non-Cyclical	6,435.1		389.3		1,606.3		127.9		4,828.8		517.2
Energy	3,291.7		292.6		472.0		29.1		2,819.7		321.7
Financial Institutions	3,637.5		30.2		1,461.0		121.7		2,176.5		151.9
Mortgage/Asset-Backed	559.1		22.7		102.7		0.7		456.4		23.4
Sovereigns	1,064.7		131.0		231.7		48.2		833.0		179.2
Technology	1,746.7		(4.1)		661.5		54.5		1,085.2		50.4
Transportation	1,904.6		72.5		626.3		47.6		1,278.3		120.1
U.S. Government Agencies and Municipalities	4,844.6		159.4		1,986.2		224.9		2,858.4		384.3
Public Utilities	5,848.6		617.0		885.5		70.4		4,963.1		687.4
Total	$	39,946.0	$	2,280.4	$	10,698.4	$	924.9	$	29,247.6	$	3,205.3
Gross Unrealized Loss on Fixed Maturity Securities by Length of Time in Unrealized Loss Position
	Investment-Grade								Below-Investment-Grade
Category	Fair Value		Gross Unrealized Loss						Fair Value		Gross Unrealized Loss
Less than 91 days	$	7,254.3	$	491.6					$	801.8	$	24.8
91 through 180 days	1,309.5		202.6						75.6		5.9
181 through 270 days	721.6		112.8						15.9		1.9
271 days to 1 year	4.1		1.1						2.0		—
Greater than 1 year	422.8		70.8						90.8		13.4
Total	$	9,712.3	$	878.9					$	986.1	$	46.0

15.1

Appendix to Statistical Supplement

2022 Significant Items

•None.

2021 Significant Items

•Third quarter of 2021 reserve assumption updates resulting in a reserve reduction of $215.0 million before tax, or $169.9 million after tax, in our Unum US group long-term disability product line and reserve increases of $2.1 million, $6.4 million, and $25.1 million before tax, or $1.7 million, $5.1 million, and $19.8 million after tax, in our Closed Block long-term care, Closed Block individual disability, and Closed Block group pension product lines, respectively.

•Third quarter of 2021 impairment loss of $12.1 million before tax, or $9.6 million after tax, on previously capitalized internal-use software that we no longer plan to utilize.

•Second quarter of 2021 cost related to the early retirement of debt of $67.3 million before tax, or $53.2 million after tax.

•Second quarter of 2021 impairment loss of $13.9 million, or $11.0 million after tax, on a right-of-use (ROU) asset related to an operating lease for office space that we do not plan to continue using to support our general operations.

•Second quarter of 2021 U.K. tax rate increase from 19 percent to 25 percent, effective April 1, 2023, which resulted in $24.2 million of additional tax expense through continuing operations for the revaluation of our deferred tax assets and liabilities.

•In December 2020, we completed the first phase of a reinsurance transaction, pursuant to which Provident Life and Accident Insurance Company, The Paul Revere Life Insurance Company, and Unum Life Insurance Company of America, wholly-owned domestic insurance subsidiaries of Unum Group, and collectively referred to as "the ceding companies", each entered into separate reinsurance agreements with Commonwealth Annuity and Life Insurance Company (Commonwealth), to reinsure on a coinsurance basis effective as of July 1, 2020, approximately 75 percent of the Closed Block individual disability business, primarily direct business written by the ceding companies. On March 31, 2021, we completed the second phase of the reinsurance transaction, pursuant to which the ceding companies and Commonwealth amended and restated their respective reinsurance agreements to reinsure on a coinsurance and modified coinsurance basis effective as of January 1, 2021, a substantial portion of the remaining Closed Block individual disability business that was not ceded in December 2020, primarily business previously assumed by the ceding companies.

In December 2020, Provident Life and Casualty Insurance Company (PLC), also a wholly-owned domestic insurance subsidiary of Unum Group, entered into an agreement with Commonwealth whereby PLC will provide a 12-year volatility cover to Commonwealth for the active life cohort (ALR cohort). On March 31, 2021, PLC and Commonwealth amended and restated this agreement to incorporate the ALR cohort related to the additional business that was reinsured between the ceding companies and Commonwealth as part of the second phase of the transaction. As part of the amended and restated volatility cover, PLC received a payment from Commonwealth of approximately $18 million.

In connection with the second phase of the reinsurance transaction, Commonwealth paid a total ceding commission to the ceding companies of $18.2 million. The ceding companies transferred assets of $767.0 million, which consisted primarily of cash and fixed maturity securities. In addition, we recognized the following in the first quarter of 2021 related to the second phase:

•Net realized investment gains totaling $67.6 million, or $53.4 million after tax, related to the transfer of investments.

•Increase in benefits and change in reserves for future benefits of $133.1 million, or $105.1 million after tax, resulting from the realization of previously unrealized investment gains and losses recorded in accumulated other comprehensive income.

•Transaction costs totaling $6.2 million, or $5.0 million after tax.

•Reinsurance recoverable of $990.0 million related to the policies on claim status (DLR cohort).

•Payable of $307.2 million related to the portfolio of invested assets associated with the business ceded on a modified coinsurance basis.

•Cost of reinsurance, or prepaid reinsurance premium, of $43.1 million related to the DLR cohort.

•Deposit asset of $5.0 million related to the ALR cohort.

16

Appendix to Statistical Supplement - Continued

2020 Significant Items

•In connection with the first phase of the previously-mentioned reinsurance transaction, the ceding companies paid a total cash ceding commission to Commonwealth of approximately $438 million and transferred additional assets consisting primarily of fixed maturity securities and cash totaling $6,669.8 million. PLC received a payment of $62 million from Commonwealth related to the 12-year volatility cover for the business reinsured during the first phase of the transaction. In addition, we recognized the following in the fourth quarter of 2020 related to the first phase:

•Net realized investment gain of $1,302.3 million before tax, or $1,028.8 million after tax, related to the transfer of investments.

•Increase in benefits and change in reserves for future benefits of $1,284.5 million, or $1,014.7 million after tax, resulting from the realization of previously unrealized investment gains and losses recorded in accumulated other comprehensive income.

•Transaction costs totaling $21.0 million, or $16.6 million after tax.

•Net tax benefit of $36.5 million.

•Reinsurance recoverable of $6,141.5 million representing the ceded reserves related to the DLR cohort.

•Cost of reinsurance, or prepaid reinsurance premium, of $815.7 million related to the DLR cohort, of which we recognized amortization expense of $2.6 million, or $2.0 million after tax.

•Deposit asset of $88.2 million related to the ALR cohort.

•Fourth quarter of 2020 reserve assumption updates resulting in reserve increases of $151.5 million and $17.5 million before tax, or $119.7 million and $13.8 million after tax, in our Closed Block long-term care and Closed Block group pension product lines, respectively.

•In December 2020, Northwind Holdings redeemed the remaining $35.0 million of principal on the Northwind notes, and was released of any contractual collateral requirements.

•Third quarter of 2020 costs related to organizational design update of $23.3 million before tax and $18.6 million after tax.

•Second quarter of 2020 impairment loss of $12.7 million, or $10.0 million after tax, on a ROU asset related to an operating lease for office space that we do not plan to continue using to support our general operations.

•In June 2016, the Financial Accounting Standards Board (FASB) issued an update that amended the guidance on the impairment of financial instruments. This update added an impairment model known as the current expected credit loss model that is based on expected losses rather than incurred losses, and will generally result in earlier recognition of allowances for losses. This new model applies to financial instruments such as mortgage loans, fixed maturity securities classified as held-to-maturity, and certain receivables. This update also prospectively modified the other-than-temporary impairment model used for available-for-sale fixed maturity securities such that credit losses are recognized as an allowance rather than as a reduction in the amortized cost of the security. We adopted this update effective January 1, 2020 using a modified retrospective approach through a cumulative-effect adjustment as of January 1, 2020 which resulted in a decrease to retained earnings of $18.9 million, a decrease to mortgage loans of $8.3 million, a decrease in reinsurance recoverable of $1.8 million, a decrease in accounts and premiums receivable of $13.5 million, a decrease in deferred income tax liability of $5.0 million, and an increase to other liabilities of $0.3 million.

16.1

Appendix to Statistical Supplement - Continued

Non-GAAP Financial Measures

We analyze our performance using non-GAAP financial measures which exclude or include amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. We believe the following non-GAAP financial measures are better performance measures and better indicators of the revenue and profitability and underlying trends in our business:

•Consolidated adjusted operating revenue, which excludes investment gains or losses;

•After-tax adjusted operating income or loss, which excludes investment gains or losses and amortization of the cost of reinsurance as well as certain other items, as applicable;

•Adjusted operating return on equity, which is calculated using after-tax adjusted operating income or loss and excludes from equity the unrealized gain or loss on securities and net gain on hedges;

•Leverage ratio, which excludes the unrealized gain or loss on securities and net gain on hedges, and the non-recourse debt and associated capital of Northwind Holdings, LLC prior to pay off in December 2020; and

•Book value per common share, which is calculated excluding accumulated other comprehensive income (AOCI).

Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, and gains or losses on derivatives. Investment gains or losses and unrealized gains or losses on securities depend on market conditions and do not necessarily relate to decisions regarding the underlying business of our Company. Leverage ratio and book value per common share excluding certain components of AOCI, certain of which tend to fluctuate depending on market conditions and general economic trends, are important measures.

As previously discussed, we have exited a substantial portion of our Closed Block individual disability product line through the two phases of the reinsurance transaction that were executed in December 2020 and March 2021, respectively. As a result, we exclude the amortization of the cost of reinsurance that was recognized upon the exit of the business related to the DLR cohort of policies. We believe that the exclusion of the amortization of the cost of reinsurance provides a better view of our results from our ongoing businesses.

We may at other times exclude certain other items from our discussion of financial ratios and metrics in order to enhance the understanding and comparability of our operational performance and the underlying fundamentals, but this exclusion is not an indication that similar items may not recur and does not replace net income or net loss as a measure of our overall profitability.

For a reconciliation of the most directly comparable GAAP measures to these non-GAAP financial measures, refer to the "Reconciliation of Non-GAAP Financial Measures" beginning on page 16.3, other than book value per common share, which is presented on page 2.

16.2

Reconciliation of Non-GAAP Financial Measures

	Three Months Ended
	March 31		December 31		September 30		June 30		March 31		December 31		September 30		June 30		March 31
	2022		2021								2020
Total Revenue	$	2,982.5	$	2,979.1	$	2,969.7	$	2,993.0	$	3,072.0	$	4,273.5	$	2,996.3	$	3,021.2	$	2,871.1
Excluding:
Net Investment Gain (Loss)	(13.8)		(8.7)		(0.1)		0.9		84.6		1,304.9		4.4		33.8		(144.0)
Adjusted Operating Revenue	$	2,996.3	$	2,987.8	$	2,969.8	$	2,992.1	$	2,987.4	$	2,968.6	$	2,991.9	$	2,987.4	$	3,015.1

16.3

Reconciliation of Non-GAAP Financial Measures - Continued

	After-Tax Adjusted Operating Income (Loss)		Average Allocated Equity		Annualized Adjusted Operating Return on Equity
Three Months Ended March 31, 2022
Unum US	$	135.7	$	4,590.4	11.8	%
Unum International	31.6		779.3		16.2	%
Colonial Life	71.2		1,551.4		18.4	%
Core Operating Segments	238.5		6,921.1		13.8	%
Closed Block	73.9		4,488.5
Corporate	(35.1)		(960.6)
Total	$	277.3	$	10,449.0	10.6	%
Three Months Ended March 31, 2021
Unum US	$	91.6	$	4,395.3	8.3	%
Unum International	21.2		822.4		10.3	%
Colonial Life	57.8		1,597.8		14.5	%
Core Operating Segments	170.6		6,815.5		10.0	%
Closed Block	75.9		4,107.6
Corporate	(34.5)		(1,162.7)
Total	$	212.0	$	9,760.4	8.7	%

16.4

Reconciliation of Non-GAAP Financial Measures - Continued

	After-Tax Adjusted Operating Income (Loss)		Average Allocated Equity1		Adjusted Operating Return on Equity
Year Ended December 31, 2021
Unum US	$	367.8	$	4,500.0	8.2	%
Unum International	84.1		806.1		10.4	%
Colonial Life	259.9		1,580.3		16.4	%
Core Operating Segments	711.8		6,886.4		10.3	%
Closed Block	248.6		4,208.6
Corporate	(69.7)		(1,046.0)
Total	$	890.7	$	10,049.0	8.9	%
Year Ended December 31, 2020
Unum US	$	651.4	$	4,458.2	14.6	%
Unum International	51.9		797.7		6.5	%
Colonial Life	264.5		1,584.1		16.7	%
Core Operating Segments	967.8		6,840.0		14.1	%
Closed Block	183.8		3,979.2
Corporate	(146.2)		(1,395.2)
Total	$	1,005.4	$	9,424.0	10.7	%

1 Excludes unrealized gain (loss) on securities and net gain on hedges and is calculated using the stockholders' equity balances presented on page 16.6. Due to the implementation of a FASB update for which the beginning balances of 2020 for certain stockholders' equity line items were adjusted, we are computing the average allocated equity for 2020 using internally allocated equity that reflects the adjusted beginning balances at January 1, 2020. As a result, average equity for the year ended December 31, 2020 for certain of our segments will not compute using the historical allocated equity at December 31, 2019.

16.5

Reconciliation of Non-GAAP Financial Measures - Continued

Average allocated equity is computed as follows:

	3/31/2022		12/31/2021		3/31/2021		12/31/2020		12/31/2019
Total Stockholders' Equity	$	10,623.1	$	11,416.4	$	10,570.1	$	10,871.0	$	9,965.0
Excluding:
Net Unrealized Gain on Securities	66.1		962.2		678.2		1,067.7		615.9
Net Gain on Hedges	51.4		61.8		77.1		97.8		187.8
Total Adjusted Stockholders' Equity	$	10,505.6	$	10,392.4	$	9,814.8	$	9,705.5	$	9,161.3
	Three Months Ended		Twelve Months Ended		Three Months Ended		Twelve Months Ended
	3/31/2022		12/31/2021		3/31/2021		12/31/2020
Average Adjusted Stockholders' Equity	$	10,449.0	$	10,049.0	$	9,760.4	$	9,424.0

16.6

Reconciliation of Non-GAAP Financial Measures - Continued

	Three Months Ended March 31
	2022				2021
	(in millions)		per share*		(in millions)		per share*
Net Income	$	253.5	$	1.25	$	153.0	$	0.75
Excluding:
Net Investment Gains and Losses
Net Realized Investment Gain Related to Reinsurance Transaction (net of tax expense of $—; $14.2)	—		—		53.4		0.26
Net Investment Gain (Loss), Other (net of tax expense (benefit) of $(3.2); $3.5)	(10.6)		(0.05)		13.5		0.06
Total Net Investment Gain (Loss)	(10.6)		(0.05)		66.9		0.32
Items Related to Closed Block Individual Disability Reinsurance Transaction
Change in Benefit Reserves and Transaction Costs (net of tax benefit of $—; $29.2)	—		—		(110.1)		(0.53)
Amortization of the Cost of Reinsurance (net of tax benefit of $3.5; $4.2)	(13.2)		(0.06)		(15.8)		(0.08)
Total Items Related to Closed Block Individual Disability Reinsurance Transaction	(13.2)		(0.06)		(125.9)		(0.61)
After-tax Adjusted Operating Income	$	277.3	$	1.36	$	212.0	$	1.04
*Assuming Dilution.

16.7

Reconciliation of Non-GAAP Financial Measures - Continued

	Year Ended December 31
	2021				2020
	(in millions)		per share *		(in millions)		per share *
Net Income	$	824.2	$	4.02	$	793.0	$	3.89
Excluding:
Net Investment Gains and Losses
Net Realized Investment Gain Related to Reinsurance Transaction (net of tax expense of $14.2; $273.5)	53.4		0.26		1,028.8		5.05
Net Investment Gain (Loss), Other (net of tax expense (benefit) of $1.9; $(20.9))	7.2		0.03		(82.3)		(0.40)
Total Net Investment Gain	60.6		0.29		946.5		4.65
Items Related to Closed Block Individual Disability Reinsurance Transaction
Change in Benefit Reserves and Transaction Costs (net of tax benefit of $29.2; $274.2)	(110.1)		(0.53)		(1,031.3)		(5.06)
Amortization of the Cost of Reinsurance (net of tax benefit of $16.8; $0.6)	(62.3)		(0.31)		(2.0)		(0.01)
Net Tax Benefits of Reinsurance Transaction	—		—		36.5		0.18
Total Items Related to Closed Block Individual Disability Reinsurance Transaction	(172.4)		(0.84)		(996.8)		(4.89)
Net Reserve Change Related to Reserve Assumption Updates (net of tax expense (benefit) of $38.1; $(35.5))	143.3		0.70		(133.5)		(0.66)
Impairment Loss on Internal-Use Software (net of tax benefit of $2.5; $—)	(9.6)		(0.05)		—		—
Costs Related to Early Retirement of Debt (net of tax benefit of $14.1; $—)	(53.2)		(0.26)		—		—
Impairment Loss on ROU Asset (net of tax benefit of $2.9; $2.7)	(11.0)		(0.05)		(10.0)		(0.05)
Impact of U.K. Tax Rate Increase	(24.2)		(0.12)		—		—
Costs Related to Organizational Design Update (net of tax benefit of $—; $4.7)	—		—		(18.6)		(0.09)
After-tax Adjusted Operating Income	$	890.7	$	4.35	$	1,005.4	$	4.93
*Assuming Dilution.

16.8

Reconciliation of Non-GAAP Financial Measures - Continued

	March 31						December 31
	2022			2021			2021			2020
Debt	$	3,442.9		$	3,346.8		$	3,442.2		$	3,345.7
Including:
Lease Liability	78.1			99.7			82.6			105.9
Adjusted Debt and Lease Liability	$	3,521.0		$	3,446.5		$	3,524.8		$	3,451.6
Total Stockholders' Equity	$	10,623.1		$	10,570.1		$	11,416.4		$	10,871.0
Excluding:
Net Unrealized Gain on Securities and Net Gain on Hedges	117.5			755.3			1,024.0			1,165.5
Equity, As Adjusted	10,505.6			9,814.8			10,392.4			9,705.5
Debt, As Adjusted and Lease Liability	3,521.0			3,446.5			3,524.8			3,451.6
Total Adjusted Capital	$	14,026.6		$	13,261.3		$	13,917.2		$	13,157.1
Leverage Ratio	25.1		%	26.0		%	25.3		%	26.2		%

16.9

XML

Cover	May 05, 2022
Entity Information
Document Type	8-K
Document Period End Date	May 05, 2022
Entity Registrant Name	UNUM GROUP
Entity Incorporation, State or Country Code	DE
Entity File Number	001-11294
Entity Tax Identification Number	62-1598430
Entity Address, Address Line One	1 Fountain Square
Entity Address, City or Town	Chattanooga,
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37402
City Area Code	423
Local Phone Number	294-1011
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0000005513
Amendment Flag	false
Common Class A | NEW YORK STOCK EXCHANGE, INC.
Entity Information
Title of 12(b) Security	Common stock, $0.10 par value
Trading Symbol	UNM
Security Exchange Name	NYSE
6.250% Junior Subordinated Notes due 2058 | NEW YORK STOCK EXCHANGE, INC.
Entity Information
Title of 12(b) Security	6.250% Junior Subordinated Notes due 2058
Trading Symbol	UNMA
Security Exchange Name	NYSE