Schedule II Condensed Finacial Information of Registrant

12 Months Ended

Dec. 31, 2024

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT

Unum Group (Parent Company)

BALANCE SHEETS


	December 31
	2024		2023
	(in millions of dollars)

Assets
Fixed Maturity Securities - at fair value (amortized cost: $545.0; $656.2)	$	497.4	$	596.1
Other Long-term Investments	32.7		27.0
Short-term Investments	1,397.5		970.9
Investment in Subsidiaries	12,982.0		11,663.6
Deferred Income Tax	122.5		118.1
Other Assets	620.0		593.6
Total Assets	$	15,652.1	$	13,969.3

Liabilities and Stockholders' Equity

Liabilities
Short-term Debt	$	274.6	$	—
Long-term Debt	3,465.2		3,430.4
Pension and Postretirement Benefits	341.9		350.2
Other Liabilities	609.3		537.3
Total Liabilities	4,691.0		4,317.9

Stockholders' Equity
Common Stock, $0.10 par
Authorized: 725,000,000 shares
Issued: 195,460,723 and 194,588,625 shares	19.5		19.4
Additional Paid-in Capital	1,489.6		1,547.8
Accumulated Other Comprehensive Loss	(2,523.7)		(3,308.0)
Retained Earnings	12,914.0		11,431.5
Treasury Stock - at cost: 16,871,752 and 1,216,528 shares	(938.3)		(39.3)
Total Stockholders' Equity	10,961.1		9,651.4

Total Liabilities and Stockholders' Equity	$	15,652.1	$	13,969.3

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)

Unum Group (Parent Company)

STATEMENTS OF INCOME


	Year Ended December 31
	2024		2023		2022
	(in millions of dollars)
Cash Dividends from Subsidiaries	$	1,378.7	$	1,581.1	$	1,306.6
Non-Cash Dividends from Subsidiaries	33.0		—		23.0
Other Income	100.5		90.3		81.8
Total Revenue	1,512.2		1,671.4		1,411.4

Interest and Debt Expense	201.1		194.8		188.5
Cost Related to Early Retirement of Debt	—		—		4.2
Other Expenses	70.8		54.2		35.6
Total Expenses	271.9		249.0		228.3

Income of Parent Company Before Income Tax	1,240.3		1,422.4		1,183.1
Income Tax Expense (Benefit)	(33.7)		(9.5)		14.7

Income of Parent Company	1,274.0		1,431.9		1,168.4
Equity in Undistributed Earnings (Loss) of Subsidiaries	505.1		(148.1)		238.8

Net Income	1,779.1		1,283.8		1,407.2

Other Comprehensive Income, Net of Tax	784.3		140.3		1,716.3

Comprehensive Income	$	2,563.4	$	1,424.1	$	3,123.5

SCHEDULE II--CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Continued)

Unum Group (Parent Company)

STATEMENTS OF CASH FLOWS


	Year Ended December 31
	2024		2023		2022
	(in millions of dollars)
Cash Provided by Operating Activities	$	1,358.2	$	1,548.0	$	1,250.2

Cash Flows from Investing Activities

Proceeds from Sales and Maturities of Fixed Maturity Securities	378.0		97.1		192.1
Proceeds from Sales and Maturities of Other Investments	25.1		23.9		7.4
Purchase of Fixed Maturity Securities	(3.0)		(44.5)		(102.7)
Purchase of Other Investments	(16.1)		(23.4)		(32.0)
Net Purchases of Short-term Investments	(375.4)		(104.4)		(209.6)
Cash Distributions to Subsidiaries	(40.2)		(854.5)		(540.2)
Net Purchases of Property and Equipment	(91.1)		(113.1)		(94.0)

Cash Used by Investing Activities	(122.7)		(1,018.9)		(779.0)

Cash Flows from Financing Activities
Short-term Debt Repayment	—		(2.0)		—

Issuance of Long-term Debt	391.6		—		349.2
Long-term Debt Repayment	(350.0)		—		(364.0)
Cost Related to Early Retirement of Debt	—		—		(3.6)
Issuance of Common Stock	6.0		5.2		4.0
Repurchase of Common Stock	(972.9)		(250.1)		(200.1)
Dividends Paid to Stockholders	(296.5)		(277.1)		(254.2)
Other, Net	(9.9)		—		0.7
Cash Used by Financing Activities	(1,231.7)		(524.0)		(468.0)

Increase in Cash	$	3.8	$	5.1	$	3.2