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Unum Group

Statistical Supplement Fourth Quarter 2025

 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
			Investments			14
			Appendix to Statistical Supplement			15
			See "Appendix to Statistical Supplement" on page 15 for a summary of significant items and page 15.2 for a reconciliation of our non-GAAP financial measures.
			N.M. = not a meaningful percentage

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Unum Group Financial Highlights

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Consolidated U.S. GAAP Results¹
Premium Income			$	2,692.1					$	2,631.1					$	10,831.0					$	10,497.4					$	10,046.0
Adjusted Operating Revenue			$	3,249.8					$	3,246.7					$	13,173.1					$	12,921.9					$	12,421.9
Net Investment Loss			(10.1)						(10.1)						(106.6)						(34.6)						(36.0)
Amortization of the Deferred Gain on Reinsurance			4.4						—						9.0						—						—
Total Revenue			$	3,244.1					$	3,236.6					$	13,075.5					$	12,887.3					$	12,385.9
Net Income			$	174.1					$	348.7					$	738.5					$	1,779.1					$	1,283.8
Net Income Per Common Share:
Basic			$	1.04					$	1.93					$	4.28					$	9.49					$	6.53
Assuming Dilution			$	1.04					$	1.92					$	4.27					$	9.46					$	6.50
Assets															$	63,519.4					$	61,959.3					$	63,255.2
Liabilities															$	52,400.3					$	50,998.2					$	53,603.8
Stockholders' Equity															$	11,119.1					$	10,961.1					$	9,651.4
Adjusted Stockholders' Equity															$	12,471.1					$	12,801.6					$	12,292.6
Adjusted Operating Return on Equity
Unum US			21.1		%				23.0		%				22.6		%				25.2		%				23.1		%
Unum International			12.3		%				14.6		%				14.8		%				15.6		%				16.5		%
Colonial Life			17.5		%				20.2		%				18.2		%				19.7		%				18.1		%
Core Operating Segments			19.1		%				21.4		%				20.5		%				22.7		%				21.2		%
Consolidated			10.3		%				11.4		%				11.1		%				12.7		%				12.7		%

Traditional U.S. Life Insurance Companies' Statutory Results2
Net Gain from Operations, After Tax			$	215.9					$	304.8					$	652.5					$	1,337.0					$	1,351.5
Net Realized Capital Loss, After Tax			(2.0)						(13.7)						(18.5)						(14.6)						(21.6)
Net Income			$	213.9					$	291.1					$	634.0					$	1,322.4					$	1,329.9
Capital and Surplus															$	3,770.6					$	3,909.7					$	3,751.3
Weighted Average Risk-based Capital Ratio															~ 440%						~ 430%						~ 415%
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, First Unum Life Insurance Company, Colonial Life & Accident Insurance Company, The Paul Revere Life Insurance Company, Unum Insurance Company, Provident Life and Casualty Insurance Company, and Starmount Life Insurance Company.

1

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Unum Group Capital Metrics

			12/31/2025												12/31/2024												12/31/2023
			(in millions)						per share						(in millions)						per share						(in millions)						per share
Total Stockholders' Equity (Book Value)			$	11,119.1					$	67.11					$	10,961.1					$	61.38					$	9,651.4					$	49.91
Excluding:
Net Unrealized Loss on Securities			(2,003.1)						(12.09)						(2,755.2)						(15.43)						(1,919.1)						(9.92)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits			929.9						5.61						1,185.4						6.64						(648.4)						(3.35)
Net Loss on Derivatives			(278.8)						(1.68)						(270.7)						(1.51)						(73.7)						(0.39)
Subtotal			12,471.1						75.27						12,801.6						71.68						12,292.6						63.57
Excluding:
Foreign Currency Translation Adjustment			(245.6)						(1.48)						(343.0)						(1.93)						(321.1)						(1.66)
Subtotal			12,716.7						76.75						13,144.6						73.61						12,613.7						65.23
Excluding:
Unrecognized Pension and Postretirement Benefit Costs			(210.9)						(1.27)						(340.2)						(1.90)						(345.7)						(1.79)
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Loss			$	12,927.6					$	78.02					$	13,484.8					$	75.51					$	12,959.4					$	67.02
Dividends Paid			$	307.2					$	1.76					$	296.6					$	1.57					$	277.1					$	1.39

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Shares Repurchased (millions)1			3.3						6.0						13.6						15.7						5.7
Cost of Shares Repurchased (millions)2			$	252.5					$	474.5					$	1,011.7					$	979.3					$	252.0
Price (UNM closing price on last trading day of period)															$	77.50					$	73.03					$	45.22
Leverage Ratio															23.6		%				22.9		%				22.1		%
Holding Company Liquidity (millions)															$	2,344					$	1,987					$	1,650
1For the year ended December 31, 2025, includes 0.7 million shares related to the settlement of the November 2024 accelerated share repurchase agreement (ASR) which occurred in February 2025.
2Includes commissions of $0.1 million for the three months ended December 31, 2025, a de minimis amount for the three months ended December 31, 2024, $1.9 million for the year ended December 31, 2025, a de minimis amount for the year ended December 31, 2024, and $0.1 million for the year ended December 31, 2023. There was excise tax of $2.4 million and $9.8 million for the three months and year ended December 31, 2025, respectively, $3.5 million, and $8.3 million for the three months and year ended December 31, 2024, respectively, and $1.9 million for the year ended December 31, 2023. Also included for the year ended December 31, 2024 is $80.3 million related to shares which settled in February 2025 in connection with the November 2024 ASR agreement.

2

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Unum Group Ratings

AM Best

Fitch

Moody's

S&P

Outlook

Stable

Stable

Stable

Stable

Senior Unsecured Debt Ratings

bbb+

BBB

Baa2

BBB

Financial Strength Ratings

Provident Life and Accident Insurance Company

A

A

A2

A

Unum Life Insurance Company of America

A

A

A2

A

First Unum Life Insurance Company

A

A

A2

A

Colonial Life & Accident Insurance Company

A

A

A2

A

The Paul Revere Life Insurance Company

A

A

A2

A

Unum Insurance Company

A

A

A2

NR

Provident Life and Casualty Insurance Company

A

A

NR

NR

Starmount Life Insurance Company

A

NR

NR

NR

Unum Limited

NR

NR

NR

A-

NR = not rated

3

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Unum Group Consolidated Statements of Income

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Revenue
Premium Income			$	2,692.1					$	2,631.1					$	10,831.0					$	10,497.4					$	10,046.0
Net Investment Income			482.0						543.6						2,032.7						2,130.0						2,096.7
Net Investment Loss			(10.1)						(10.1)						(106.6)						(34.6)						(36.0)
Other Income			80.1						72.0						318.4						294.5						279.2
Total Revenue			3,244.1						3,236.6						13,075.5						12,887.3						12,385.9
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			1,892.9						1,861.2						8,065.3						6,917.9						7,257.1
Commissions			333.4						310.8						1,355.3						1,258.6						1,170.1
Interest and Debt Expense			52.6						52.5						208.8						201.1						194.8
Deferral of Acquisition Costs			(176.1)						(156.2)						(697.1)						(651.5)						(632.2)
Amortization of Deferred Acquisition Costs			137.2						133.1						527.1						521.0						481.4
Other Expenses			785.7						589.7						2,682.6						2,388.9						2,274.6
Total Benefits and Expenses			3,025.7						2,791.1						12,142.0						10,636.0						10,745.8
Income Before Income Tax			218.4						445.5						933.5						2,251.3						1,640.1
Income Tax Expense			44.3						96.8						195.0						472.2						356.3
Net Income			$	174.1					$	348.7					$	738.5					$	1,779.1					$	1,283.8
Weighted Average Shares Outstanding
Basic			167.7						181.0						172.5						187.5						196.7
Assuming Dilution			168.0						181.6						172.9						188.1						197.6
Actual Number of Shares Outstanding															165.7						178.6						193.4

4

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Unum Group Sales Data for Unum US Segment

			Three Months Ended																		Year Ended
			12/31/2025						12/31/2024						% Change						12/31/2025						12/31/2024						12/31/2023
Sales by Product
Group Disability and Group Life and AD&D
Group Long-term Disability			$	127.2					$	154.5					(17.7)		%				$	243.8					$	298.3					$	292.7
Group Short-term Disability			177.9						122.4						45.3						274.0						216.5						229.5
Group Life and AD&D			206.8						210.3						(1.7)						361.5						361.5						305.4
Subtotal			511.9						487.2						5.1						879.3						876.3						827.6
Supplemental and Voluntary
Voluntary Benefits			57.9						60.7						(4.6)						289.6						293.7						263.2
Individual Disability			24.2						25.6						(5.5)						105.6						101.7						108.9
Dental and Vision			45.9						51.9						(11.6)						84.4						95.3						84.1
Subtotal			128.0						138.2						(7.4)						479.6						490.7						456.2
Total Sales			$	639.9					$	625.4					2.3						$	1,358.9					$	1,367.0					$	1,283.8
Sales by Market Sector
Group Disability and Group Life and AD&D
Core Market (< 2,000 employees)			$	309.4					$	265.5					16.5		%				$	527.8					$	512.6					$	521.3
Large Case Market			202.5						221.7						(8.7)						351.5						363.7						306.3
Subtotal			511.9						487.2						5.1						879.3						876.3						827.6
Supplemental and Voluntary			128.0						138.2						(7.4)						479.6						490.7						456.2
Total Sales			$	639.9					$	625.4					2.3						$	1,358.9					$	1,367.0					$	1,283.8

5

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Unum Group Sales Data for Unum International Segment

			Three Months Ended																		Year Ended
(in millions of dollars)			12/31/2025						12/31/2024						% Change						12/31/2025						12/31/2024						12/31/2023
Sales by Product
Unum UK
Group Long-term Disability			$	8.3					$	7.0					18.6		%				$	48.6					$	47.3					$	48.3
Group Life			17.7						15.2						16.4						69.6						68.3						61.4
Supplemental			7.8						4.8						62.5						32.8						34.9						28.0
Unum Poland			11.8						11.8						—						46.2						36.4						33.2
Total Sales			$	45.6					$	38.8					17.5						$	197.2					$	186.9					$	170.9
Sales by Market Sector
Unum UK
Group Long-term Disability and Group Life
Core Market (< 500 employees)			$	12.5					$	11.1					12.6		%				$	48.2					$	41.8					$	51.2
Large Case Market			13.5						11.1						21.6						70.0						73.8						58.5
Subtotal			26.0						22.2						17.1						118.2						115.6						109.7
Supplemental			7.8						4.8						62.5						32.8						34.9						28.0
Unum Poland			11.8						11.8						—						46.2						36.4						33.2
Total Sales			$	45.6					$	38.8					17.5						$	197.2					$	186.9					$	170.9
(in millions of pounds)
Unum UK Sales by Product
Group Long-term Disability			£	6.3					£	5.5					14.5		%				£	36.7					£	37.2					£	38.8
Group Life			13.2						11.9						10.9						52.7						53.4						49.4
Supplemental			5.9						3.7						59.5						25.0						27.5						22.6
Total Sales			£	25.4					£	21.1					20.4						£	114.4					£	118.1					£	110.8
Unum UK Sales by Market Sector
Group Long-term Disability and Group Life
Core Market (< 500 employees)			£	9.4					£	8.7					8.0		%				£	36.6					£	32.8					£	41.2
Large Case Market			10.1						8.7						16.1						52.8						57.8						47.0
Subtotal			19.5						17.4						12.1						89.4						90.6						88.2
Supplemental			5.9						3.7						59.5						25.0						27.5						22.6
Total Sales			£	25.4					£	21.1					20.4						£	114.4					£	118.1					£	110.8

5. 1

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Unum Group Sales Data for Colonial Life Segment

			Three Months Ended																		Year Ended
			12/31/2025						12/31/2024						% Change						12/31/2025						12/31/2024						12/31/2023
Sales by Product
Accident, Sickness, and Disability			$	117.2					$	111.2					5.4		%				$	336.7					$	326.3					$	329.5
Life			54.7						44.8						22.1						142.0						127.9						132.1
Cancer and Critical Illness			32.0						29.4						8.8						81.6						78.0						78.0
Total Sales			$	203.9					$	185.4					10.0						$	560.3					$	532.2					$	539.6
Sales by Market Sector
Commercial
Core Market (< 1,000 employees)			$	118.0					$	111.5					5.8		%				$	343.5					$	331.9					$	347.4
Large Case Market			33.6						27.8						20.9						71.8						65.1						62.3
Subtotal			151.6						139.3						8.8						415.3						397.0						409.7
Public Sector			52.3						46.1						13.4						145.0						135.2						129.9
Total Sales			$	203.9					$	185.4					10.0						$	560.3					$	532.2					$	539.6

5. 2

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Unum Group Consolidated Balance Sheets

			December 31
			2025						2024
Assets
Investments
Fixed Maturity Securities - at fair value			$	33,056.6					$	35,629.9
Mortgage Loans			2,109.5						2,224.5
Policy Loans			3,668.1						3,617.2
Other Long-term Investments			1,670.4						1,694.4
Short-term Investments			3,016.2						2,540.3
Total Investments			43,520.8						45,706.3
Other Assets
Cash and Bank Deposits			158.2						162.8
Accounts and Premiums Receivable			1,429.8						1,459.0
Reinsurance Recoverable			11,574.6						8,296.4
Accrued Investment Income			596.0						649.8
Deferred Acquisition Costs			2,920.3						2,842.8
Goodwill			353.9						349.1
Property and Equipment			503.7						487.6
Deferred Income Tax			79.5						369.7
Other Assets			2,382.6						1,635.8
Total Assets			$	63,519.4					$	61,959.3

6

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Unum Group Consolidated Balance Sheets - Continued

			December 31
			2025						2024
Liabilities and Stockholders' Equity
Liabilities
Future Policy Benefits			$	38,017.0					$	36,806.4
Policyholders' Account Balances			5,636.4						5,633.7
Unearned Premiums			412.8						384.0
Other Policyholders’ Funds			1,479.7						1,526.7
Income Tax Payable			52.2						226.5
Deferred Income Tax			38.8						31.0
Short-term Debt			—						274.6
Long-term Debt			3,767.6						3,465.2
Other Liabilities			2,995.8						2,650.1
Total Liabilities			52,400.3						50,998.2
Stockholders’ Equity
Common Stock			19.6						19.5
Additional Paid-in Capital			1,593.0						1,489.6
Accumulated Other Comprehensive Loss			(1,808.5)						(2,523.7)
Retained Earnings			13,345.3						12,914.0
Treasury Stock - at cost			(2,030.3)						(938.3)
Total Stockholders’ Equity			11,119.1						10,961.1
Total Liabilities and Stockholders’ Equity			$	63,519.4					$	61,959.3

6. 1

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Unum Group Balance Sheets by Segment - December 31, 2025

			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			$	5,685.7					$	1,827.5					$	4,314.6					$	11,827.8					$	3,183.2					$	3,420.8					$	21,459.4					$	3,629.6					$	43,520.8
Deferred Acquisition Costs			63.6						57.6						1,087.5						1,208.7						72.1						1,639.5						—						—						2,920.3
Goodwill			10.1						—						271.1						281.2						45.0						27.7						—						—						353.9
Reinsurance Recoverable			26.2						7.6						410.1						443.9						93.3						4.6						11,032.8						—						11,574.6
All Other			386.5						326.9						160.3						873.7						254.4						197.3						1,395.6						2,428.8						5,149.8
Total Assets			$	6,172.1					$	2,219.6					$	6,243.6					$	14,635.3					$	3,648.0					$	5,289.9					$	33,887.8					$	6,058.4					$	63,519.4
Liabilities
Future Policy Benefits			$	4,591.6					$	802.4					$	3,099.4					$	8,493.4					$	2,404.3					$	2,032.0					$	25,087.3					$	—					$	38,017.0
Policyholders' Account Balances			—						—						665.7						665.7						—						858.9						4,111.8						—						5,636.4
Unearned Premiums			1.3						5.7						41.7						48.7						201.5						46.9						115.7						—						412.8
Other Policyholders' Funds			26.1						769.6						33.0						828.7						78.3						8.8						563.9						—						1,479.7
Debt			—						—						—						—						—						—						—						3,767.6						3,767.6
All Other			36.3						27.2						209.2						272.7						125.6						71.1						594.4						2,023.0						3,086.8
Total Liabilities			4,655.3						1,604.9						4,049.0						10,309.2						2,809.7						3,017.7						30,473.1						5,790.6						52,400.3
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity			1,473.7						666.6						2,165.0						4,305.3						822.4						2,083.1						4,495.2						765.1						12,471.1
Net Unrealized Loss on Securities and Net Loss on Derivatives			(106.3)						(67.0)						(141.6)						(314.9)						(115.0)						(72.1)						(1,282.6)						(497.3)						(2,281.9)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits			149.4						15.1						171.2						335.7						130.9						261.2						202.1						—						929.9
Total Allocated Stockholders' Equity			1,516.8						614.7						2,194.6						4,326.1						838.3						2,272.2						3,414.7						267.8						11,119.1
Total Liabilities and Allocated Stockholders' Equity			$	6,172.1					$	2,219.6					$	6,243.6					$	14,635.3					$	3,648.0					$	5,289.9					$	33,887.8					$	6,058.4					$	63,519.4

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. 2

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Unum Group Balance Sheets by Segment - December 31, 2024

			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			$	6,016.7					$	1,924.5					$	4,557.3					$	12,498.5					$	2,968.7					$	3,249.7					$	23,862.5					$	3,126.9					$	45,706.3
Deferred Acquisition Costs			61.1						51.1						1,148.4						1,260.6						53.0						1,529.2						—						—						2,842.8
Goodwill			8.9						—						271.1						280.0						41.4						27.7						—						—						349.1
Reinsurance Recoverable			31.7						5.7						166.4						203.8						99.0						4.3						7,989.3						—						8,296.4
All Other			351.2						202.4						185.1						738.7						129.2						153.3						1,524.2						2,219.3						4,764.7
Total Assets			$	6,469.6					$	2,183.7					$	6,328.3					$	14,981.6					$	3,291.3					$	4,964.2					$	33,376.0					$	5,346.2					$	61,959.3
Liabilities
Future Policy Benefits			$	4,773.9					$	836.0					$	3,059.8					$	8,669.7					$	2,163.0					$	1,904.2					$	24,069.5					$	—					$	36,806.4
Policyholders' Account Balances			—						—						675.7						675.7						—						862.5						4,095.5						—						5,633.7
Unearned Premiums			1.6						6.1						44.0						51.7						165.5						45.4						121.4						—						384.0
Other Policyholders' Funds			37.7						775.9						32.7						846.3						60.1						8.3						612.0						—						1,526.7
Debt			—						—						—						—						—						—						—						3,739.8						3,739.8
All Other			34.2						25.8						149.3						209.3						119.0						63.9						598.2						1,917.2						2,907.6
Total Liabilities			4,847.4						1,643.8						3,961.5						10,452.7						2,507.6						2,884.3						29,496.6						5,657.0						50,998.2
Allocated Stockholders' Equity
Other Allocated Stockholders' Equity			1,584.2						626.8						2,366.2						4,577.2						775.6						1,938.8						5,164.7						345.3						12,801.6
Net Unrealized Loss on Securities and Net Loss on Derivatives			(192.6)						(111.0)						(211.1)						(514.7)						(134.9)						(138.8)						(1,581.4)						(656.1)						(3,025.9)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits			230.6						24.1						211.7						466.4						143.0						279.9						296.1						—						1,185.4
Total Allocated Stockholders' Equity			1,622.2						539.9						2,366.8						4,528.9						783.7						2,079.9						3,879.4						(310.8)						10,961.1
Total Liabilities and Allocated Stockholders' Equity			$	6,469.6					$	2,183.7					$	6,328.3					$	14,981.6					$	3,291.3					$	4,964.2					$	33,376.0					$	5,346.2					$	61,959.3

6. 3

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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, certain impacts from reinsurance transactions, and reserve assumption updates, 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
			12/31/2025						12/31/2024						% Change						12/31/2025						12/31/2024						% Change
Premium Income
Unum US			$	1,748.6					$	1,721.4					1.6		%				$	7,083.5					$	6,883.2					2.9		%
Unum International			283.9						242.4						17.1						1,082.8						949.5						14.0
Colonial Life			463.2						448.9						3.2						1,839.1						1,783.9						3.1
Closed Block			196.4						218.4						(10.1)						825.6						880.8						(6.3)
			2,692.1						2,631.1						2.3						10,831.0						10,497.4						3.2
Net Investment Income
Unum US			148.3						156.1						(5.0)						604.2						632.2						(4.4)
Unum International			34.7						34.3						1.2						145.6						128.8						13.0
Colonial Life			43.5						42.1						3.3						172.6						161.5						6.9
Closed Block			237.6						297.3						(20.1)						1,016.5						1,148.9						(11.5)
Corporate			17.9						13.8						29.7						93.8						58.6						60.1
			482.0						543.6						(11.3)						2,032.7						2,130.0						(4.6)
Other Income
Unum US			63.4						57.0						11.2						258.8						235.9						9.7
Unum International			4.4						0.4						N.M.						7.7						1.6						N.M.
Colonial Life			0.3						0.4						(25.0)						1.6						4.0						(60.0)
Closed Block			11.6						14.0						(17.1)						49.9						51.7						(3.5)
Corporate			0.4						0.2						N.M.						0.4						1.3						(69.2)
			80.1						72.0						11.3						318.4						294.5						8.1
Total Operating Revenue
Unum US			1,960.3						1,934.5						1.3						7,946.5						7,751.3						2.5
Unum International			323.0						277.1						16.6						1,236.1						1,079.9						14.5
Colonial Life			507.0						491.4						3.2						2,013.3						1,949.4						3.3
Closed Block			445.6						529.7						(15.9)						1,892.0						2,081.4						(9.1)
Corporate			18.3						14.0						30.7						94.2						59.9						57.3
			$	3,254.2					$	3,246.7					0.2						$	13,182.1					$	12,921.9					2.0

7

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Unum Group Financial Results by Segment - Continued

			Three Months Ended																		Year Ended
			12/31/2025						12/31/2024						% Change						12/31/2025						12/31/2024						% Change
Benefits and Expenses
Unum US			$	1,666.8					$	1,601.3					4.1		%				$	6,518.9					$	6,168.5					5.7		%
Unum International			289.8						239.5						21.0						1,078.4						929.6						16.0
Colonial Life			393.1						368.7						6.6						1,540.8						1,436.7						7.2
Closed Block			482.8						517.2						(6.7)						2,614.3						1,834.8						42.5
Corporate			193.2						64.4						200.0						389.6						266.4						46.2
			3,025.7						2,791.1						8.4						12,142.0						10,636.0						14.2
Income (Loss) Before Income Tax and Net Investment Loss
Unum US			293.5						333.2						(11.9)						1,427.6						1,582.8						(9.8)
Unum International			33.2						37.6						(11.7)						157.7						150.3						4.9
Colonial Life			113.9						122.7						(7.2)						472.5						512.7						(7.8)
Closed Block			(37.2)						12.5						N.M.						(722.3)						246.6						N.M.
Corporate			(174.9)						(50.4)						N.M.						(295.4)						(206.5)						43.1
			228.5						455.6						(49.8)						1,040.1						2,285.9						(54.5)
Income Tax Expense Before Net Investment Loss			47.0						98.7						(52.4)						218.1						479.8						(54.5)
Income Before Net Investment Loss			181.5						356.9						(49.1)						822.0						1,806.1						(54.5)
Net Investment Loss (net of tax benefit of $2.7; $1.9; $23.1; $7.6)			(7.4)						(8.2)						(9.8)						(83.5)						(27.0)						N.M.
Net Income			$	174.1					$	348.7					(50.1)						$	738.5					$	1,779.1					(58.5)

7. 1

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Unum Group Quarterly Historical Financial Results by Segment

			12/31/2025						9/30/2025						6/30/2025						3/31/2025						12/31/2024						9/30/2024						6/30/2024						3/31/2024
Premium Income
Unum US			$	1,748.6					$	1,755.4					$	1,798.6					$	1,780.9					$	1,721.4					$	1,723.5					$	1,730.9					$	1,707.4
Unum International			283.9						281.1						271.1						246.7						242.4						246.6						228.8						231.7
Colonial Life			463.2						456.5						462.1						457.3						448.9						441.9						446.2						446.9
Closed Block			196.4						195.0						216.2						218.0						218.4						216.8						221.3						224.3
			2,692.1						2,688.0						2,748.0						2,702.9						2,631.1						2,628.8						2,627.2						2,610.3
Net Investment Income
Unum US			148.3						151.9						155.1						148.9						156.1						161.0						158.1						157.0
Unum International			34.7						36.2						46.2						28.5						34.3						30.4						38.0						26.1
Colonial Life			43.5						44.3						42.6						42.2						42.1						39.6						40.5						39.3
Closed Block			237.6						224.7						284.5						269.7						297.3						284.3						294.2						273.1
Corporate			17.9						19.7						32.3						23.9						13.8						12.5						14.3						18.0
			482.0						476.8						560.7						513.2						543.6						527.8						545.1						513.5
Other Income
Unum US			63.4						65.5						58.0						71.9						57.0						60.1						58.2						60.6
Unum International			4.4						2.9						0.3						0.1						0.4						0.4						0.5						0.3
Colonial Life			0.3						0.6						0.3						0.4						0.4						0.4						0.2						3.0
Closed Block			11.6						16.3						12.1						9.9						14.0						12.4						12.2						13.1
Corporate			0.4						0.3						(0.3)						—						0.2						—						0.4						0.7
			80.1						85.6						70.4						82.3						72.0						73.3						71.5						77.7
Total Operating Revenue
Unum US			1,960.3						1,972.8						2,011.7						2,001.7						1,934.5						1,944.6						1,947.2						1,925.0
Unum International			323.0						320.2						317.6						275.3						277.1						277.4						267.3						258.1
Colonial Life			507.0						501.4						505.0						499.9						491.4						481.9						486.9						489.2
Closed Block			445.6						436.0						512.8						497.6						529.7						513.5						527.7						510.5
Corporate			18.3						20.0						32.0						23.9						14.0						12.5						14.7						18.7
			$	3,254.2					$	3,250.4					$	3,379.1					$	3,298.4					$	3,246.7					$	3,229.9					$	3,243.8					$	3,201.5

8

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Unum Group Quarterly Historical Financial Results by Segment - Continued

			12/31/2025						9/30/2025						6/30/2025						3/31/2025						12/31/2024						9/30/2024						6/30/2024						3/31/2024
Benefits and Expenses
Unum US			$	1,666.8					$	1,486.0					$	1,693.5					$	1,672.6					$	1,601.3					$	1,437.7					$	1,589.7					$	1,539.8
Unum International			289.8						276.0						276.0						236.6						239.5						244.6						224.8						220.7
Colonial Life			393.1						375.9						387.6						384.2						368.7						322.5						370.0						375.5
Closed Block			482.8						1,118.3						523.6						489.6						517.2						320.4						493.4						503.8
Corporate			193.2						67.7						63.7						65.0						64.4						77.2						60.0						64.8
			3,025.7						3,323.9						2,944.4						2,848.0						2,791.1						2,402.4						2,737.9						2,704.6
Income (Loss) Before Income Tax Expense (Benefit) and Net Investment Gain (Loss)
Unum US			293.5						486.8						318.2						329.1						333.2						506.9						357.5						385.2
Unum International			33.2						44.2						41.6						38.7						37.6						32.8						42.5						37.4
Colonial Life			113.9						125.5						117.4						115.7						122.7						159.4						116.9						113.7
Closed Block			(37.2)						(682.3)						(10.8)						8.0						12.5						193.1						34.3						6.7
Corporate			(174.9)						(47.7)						(31.7)						(41.1)						(50.4)						(64.7)						(45.3)						(46.1)
			228.5						(73.5)						434.7						450.4						455.6						827.5						505.9						496.9
Income Tax Expense (Benefit) Before Net Investment Gain (Loss)			47.0						(12.0)						85.2						97.9						98.7						172.0						108.2						100.9
Income (Loss) Before Net Investment Gain (Loss)			181.5						(61.5)						349.5						352.5						356.9						655.5						397.7						396.0
Net Investment Gain (Loss)			(10.1)						128.0						(17.7)						(206.8)						(10.1)						(12.9)						(10.4)						(1.2)
Tax Expense (Benefit) on Net Investment Gain (Loss)			(2.7)						26.8						(3.8)						(43.4)						(1.9)						(3.1)						(2.2)						(0.4)
Net Income			$	174.1					$	39.7					$	335.6					$	189.1					$	348.7					$	645.7					$	389.5					$	395.2
Net Income Per Common Share - Assuming Dilution			$	1.04					$	0.23					$	1.92					$	1.06					$	1.92					$	3.46					$	2.05					$	2.04

8. 1

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Unum Group Financial Results for Unum US Segment

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income			$	1,748.6					$	1,721.4					$	7,083.5					$	6,883.2					$	6,579.2
Net Investment Income			148.3						156.1						604.2						632.2						639.9
Other Income			63.4						57.0						258.8						235.9						220.5
Total			1,960.3						1,934.5						7,946.5						7,751.3						7,439.6
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			1,068.8						1,024.7						4,120.4						3,864.7						3,808.5
Commissions			189.7						177.4						794.9						729.3						664.4
Deferral of Acquisition Costs			(78.0)						(73.5)						(331.7)						(320.9)						(314.7)
Amortization of Deferred Acquisition Costs			75.1						75.8						283.3						292.5						267.6
Other Expenses			411.2						396.9						1,652.0						1,602.9						1,529.5
Total			1,666.8						1,601.3						6,518.9						6,168.5						5,955.3
Income Before Income Tax and Net Investment Gains and Losses			293.5						333.2						1,427.6						1,582.8						1,484.3
Amortization of the Deferred Gain on Reinsurance			(4.4)						—						(9.0)						—						—
Non-Contemporaneous Reinsurance			0.6						—						1.0						—						—
Reserve Assumption Updates			—						—						(147.7)						(143.6)						(128.8)
Adjusted Operating Income			$	289.7					$	333.2					$	1,271.9					$	1,439.2					$	1,355.5
Operating Ratios (% of Premium Income):
Benefit Ratio1			61.1		%				59.5		%				60.2		%				58.2		%				59.8		%
Other Expense Ratio2			22.8		%				22.3		%				22.6		%				22.5		%				22.5		%
Income Ratio			16.8		%										20.2		%				23.0		%				22.6		%
Adjusted Operating Income Ratio			16.6		%				19.4		%				18.0		%				20.9		%				20.6		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025, 2024, and 2023. Also excludes the impact of non-contemporaneous reinsurance.
2Ratio of Other Expenses to Premium Income plus Unum US Group Disability Other Income, which is primarily related to fee-based services.

9

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Unum Group Financial Results for Unum US Group Disability

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income
Group Long-term Disability			$	499.6					$	525.8					$	2,011.1					$	2,086.1					$	2,057.2
Group Short-term Disability			284.8						273.3						1,138.4						1,084.0						1,012.3
Total Premium Income			784.4						799.1						3,149.5						3,170.1						3,069.5
Net Investment Income			72.2						76.4						296.0						311.2						324.8
Other Income			57.2						57.3						228.6						232.1						211.6
Total			913.8						932.8						3,674.1						3,713.4						3,605.9
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			503.4						482.5						1,858.5						1,781.8						1,693.2
Commissions			59.3						60.3						250.1						244.4						230.5
Deferral of Acquisition Costs			(14.2)						(14.1)						(60.7)						(62.2)						(60.2)
Amortization of Deferred Acquisition Costs			16.7						17.9						58.2						64.7						57.6
Other Expenses			246.3						239.7						982.4						973.5						936.1
Total			811.5						786.3						3,088.5						3,002.2						2,857.2
Income Before Income Tax and Net Investment Gains and Losses			102.3						146.5						585.6						711.2						748.7
Reserve Assumption Updates			—						—						(105.8)						(90.0)						(121.0)
Adjusted Operating Income			$	102.3					$	146.5					$	479.8					$	621.2					$	627.7
Operating Ratios (% of Premium Income):
Benefit Ratio1			64.2		%				60.4		%				62.4		%				59.0		%				59.1		%
Other Expense Ratio2			29.3		%				28.0		%				29.1		%				28.6		%				28.5		%
Income Ratio															18.6		%				22.4		%				24.4		%
Adjusted Operating Income Ratio			13.0		%				18.3		%				15.2		%				19.6		%				20.4		%
Persistency:
Group Long-term Disability															91.1		%				93.3		%				90.8		%
Group Short-term Disability															88.9		%				91.7		%				88.9		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025, 2024, and 2023.
2Ratio of Other Expenses to Premium Income plus Other Income, which is primarily related to fee-based services.

9. 1

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

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income
Group Life			$	466.6					$	446.8					$	1,871.1					$	1,784.7					$	1,679.0
Accidental Death & Dismemberment			49.3						46.8						195.6						186.1						175.5
Total Premium Income			515.9						493.6						2,066.7						1,970.8						1,854.5
Net Investment Income			21.1						21.7						81.6						88.3						90.1
Other Income			0.2						0.1						1.2						1.5						1.0
Total			537.2						515.4						2,149.5						2,060.6						1,945.6
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			334.5						329.1						1,391.8						1,294.2						1,347.7
Commissions			45.3						41.5						186.3						168.0						155.9
Deferral of Acquisition Costs			(10.8)						(9.6)						(45.5)						(40.6)						(38.6)
Amortization of Deferred Acquisition Costs			12.6						11.7						39.0						38.4						39.0
Other Expenses			63.7						60.0						255.4						243.0						229.9
Total			445.3						432.7						1,827.0						1,703.0						1,733.9
Income before Income Tax and Net Investment Gains and Losses			91.9						82.7						322.5						357.6						211.7
Reserve Assumption Update			—						—						(3.1)						(13.0)						—
Adjusted Operating Income			$	91.9					$	82.7					$	319.4					$	344.6					$	211.7
Operating Ratios (% of Premium Income):
Benefit Ratio1			64.8		%				66.7		%				67.5		%				66.3		%				72.7		%
Other Expense Ratio			12.3		%				12.2		%				12.4		%				12.3		%				12.4		%
Income Ratio															15.6		%				18.1		%
Adjusted Operating Income Ratio			17.8		%				16.8		%				15.5		%				17.5		%				11.4		%
Persistency:
Group Life															90.2		%				92.0		%				89.6		%
Accidental Death & Dismemberment															89.1		%				91.2		%				88.7		%
1Excludes the reserve assumption update that occurred during the third quarters of 2025 and 2024.

9. 2

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Unum Group Financial Results for Unum US Supplemental and Voluntary

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income
Voluntary Benefits			$	227.2					$	214.1					$	927.4					$	879.2					$	850.1
Individual Disability			139.7						141.4						615.1						566.0						527.0
Dental and Vision			81.4						73.2						324.8						297.1						278.1
Total Premium Income			448.3						428.7						1,867.3						1,742.3						1,655.2
Net Investment Income			55.0						58.0						226.6						232.7						225.0
Other Income			6.0						(0.4)						29.0						2.3						7.9
Total			509.3						486.3						2,122.9						1,977.3						1,888.1
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			230.9						213.1						870.1						788.7						767.6
Commissions			85.1						75.6						358.5						316.9						278.0
Deferral of Acquisition Costs			(53.0)						(49.8)						(225.5)						(218.1)						(215.9)
Amortization of Deferred Acquisition Costs			45.8						46.2						186.1						189.4						171.0
Other Expenses			101.2						97.2						414.2						386.4						363.5
Total			410.0						382.3						1,603.4						1,463.3						1,364.2
Income Before Income Tax and Net Investment Gains and Losses			99.3						104.0						519.5						514.0						523.9
Amortization of the Deferred Gain on Reinsurance			(4.4)						—						(9.0)						—						—
Non-Contemporaneous Reinsurance			0.6						—						1.0						—						—
Reserve Assumption Updates - Voluntary Benefits			—						—						(11.1)						12.2						(10.4)
Reserve Assumption Updates - Individual Disability			—						—						(27.7)						(52.8)						2.6
Adjusted Operating Income			$	95.5					$	104.0					$	472.7					$	473.4					$	516.1
Operating Ratios (% of Premium Income):
Benefit Ratios:
Voluntary Benefits1			48.5		%				47.3		%				45.7		%				43.0		%				39.8		%
Individual Disability1,2			42.7		%				41.0		%				38.8		%				41.0		%				44.3		%
Dental and Vision			74.3		%				73.5		%				75.6		%				73.9		%				73.1		%
Other Expense Ratio			22.6		%				22.7		%				22.2		%				22.2		%				22.0		%
Income Ratio			22.2		%										27.8		%				29.5		%				31.7		%
Adjusted Operating Income Ratio			21.3		%				24.3		%				25.3		%				27.2		%				31.2		%
Persistency:
Voluntary Benefits															76.5		%				76.0		%				75.5		%
Individual Disability															87.7		%				89.0		%				89.0		%
Dental and Vision															83.3		%				81.4		%				77.1		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025, 2024, and 2023.
2Excludes the impact of non-contemporaneous reinsurance.

9. 3

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Unum Group Financial Results for Unum International Segment

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income
Unum UK
Group Long-term Disability			$	108.1					$	105.6					$	427.5					$	418.0					$	396.1
Group Life			74.1						55.0						275.7						211.3						169.3
Supplemental			47.9						40.5						184.2						165.6						141.5
Unum Poland			53.8						41.3						195.4						154.6						118.3
Total Premium Income			283.9						242.4						1,082.8						949.5						825.2
Net Investment Income			34.7						34.3						145.6						128.8						137.2
Other Income			4.4						0.4						7.7						1.6						1.6
Total			323.0						277.1						1,236.1						1,079.9						964.0
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			211.9						169.3						767.4						656.7						579.8
Commissions			22.1						20.8						95.7						82.5						72.5
Deferral of Acquisition Costs			(5.6)						(4.6)						(22.0)						(17.8)						(14.6)
Amortization of Deferred Acquisition Costs			2.9						2.2						10.7						9.5						8.4
Other Expenses			58.5						51.8						226.6						198.7						177.7
Total			289.8						239.5						1,078.4						929.6						823.8
Income Before Income Tax and Net Investment Gains and Losses			33.2						37.6						157.7						150.3						140.2
Reserve Assumption Updates			—						—						(5.4)						7.5						17.9
Adjusted Operating Income			$	33.2					$	37.6					$	152.3					$	157.8					$	158.1

10

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Unum Group Financial Results for Unum UK

			Three Months Ended												Year Ended
(in millions of pounds, except exchange rate)			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income
Group Long-term Disability			£	81.3					£	82.4					£	324.0					£	327.0					£	318.5
Group Life			55.7						42.9						208.8						165.1						136.1
Supplemental			36.0						31.6						139.6						129.5						113.7
Total Premium Income			173.0						156.9						672.4						621.6						568.3
Net Investment Income			23.3						24.4						99.4						91.9						102.4
Other Income (Loss)			3.1						(0.1)						5.3						0.1						0.2
Total			199.4						181.2						777.1						713.6						670.9
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			134.7						113.1						493.8						440.2						408.5
Commissions			8.5						9.2						40.6						38.2						37.4
Deferral of Acquisition Costs			(1.0)						(1.0)						(3.9)						(3.8)						(3.9)
Amortization of Deferred Acquisition Costs			1.2						1.2						4.9						5.2						5.2
Other Expenses			33.7						31.1						133.5						122.4						115.4
Total			177.1						153.6						668.9						602.2						562.6
Income Before Income Tax and Net Investment Gains and Losses			22.3						27.6						108.2						111.4						108.3
Reserve Assumption Updates			—						—						(0.7)						6.4						16.3
Adjusted Operating Income			£	22.3					£	27.6					£	107.5					£	117.8					£	124.6
Weighted Average Pound/Dollar Exchange Rate			1.332						1.279						1.318						1.278						1.243
Operating Ratios (% of Premium Income):
Benefit Ratio1			77.9		%				72.1		%				73.5		%				69.8		%				69.0		%
Other Expense Ratio			19.5		%				19.8		%				19.9		%				19.7		%				20.3		%
Income Ratio															16.1		%				17.9		%				19.1		%
Adjusted Operating Income Ratio			12.9		%				17.6		%				16.0		%				19.0		%				21.9		%
Persistency:
Group Long-term Disability															92.3		%				92.0		%				92.5		%
Group Life															90.1		%				89.1		%				83.0		%
Supplemental															93.3		%				90.4		%				91.7		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025, 2024, and 2023.

10. 1

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Unum Group Financial Results for Colonial Life Segment

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income
Accident, Sickness, and Disability			$	249.8					$	244.0					$	993.5					$	969.5					$	946.1
Life			122.9						115.4						483.6						458.0						426.5
Cancer and Critical Illness			90.5						89.5						362.0						356.4						353.5
Total Premium Income			463.2						448.9						1,839.1						1,783.9						1,726.1
Net Investment Income			43.5						42.1						172.6						161.5						153.5
Other Income			0.3						0.4						1.6						4.0						1.2
Total			507.0						491.4						2,013.3						1,949.4						1,880.8
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			223.6						210.0						876.2						804.7						798.1
Commissions			106.0						96.2						398.6						378.4						359.4
Deferral of Acquisition Costs			(92.5)						(78.1)						(343.4)						(312.8)						(302.9)
Amortization of Deferred Acquisition Costs			59.2						55.1						233.1						219.0						205.4
Other Expenses			96.8						85.5						376.3						347.4						340.0
Total			393.1						368.7						1,540.8						1,436.7						1,400.0
Income Before Income Tax and Net Investment Gains and Losses			113.9						122.7						472.5						512.7						480.8
Reserve Assumption Updates			—						—						(8.9)						(46.0)						(80.7)
Adjusted Operating Income			$	113.9					$	122.7					$	463.6					$	466.7					$	400.1
Operating Ratios (% of Premium Income):
Benefit Ratio1			48.3		%				46.8		%				48.1		%				47.7		%				50.9		%
Other Expense Ratio			20.9		%				19.0		%				20.5		%				19.5		%				19.7		%
Income Ratio															25.7		%				28.7		%				27.9		%
Adjusted Operating Income Ratio			24.6		%				27.3		%				25.2		%				26.2		%				23.2		%
Persistency:
Accident, Sickness, and Disability															74.1		%				73.7		%				73.6		%
Life															84.2		%				84.4		%				85.1		%
Cancer and Critical Illness															82.1		%				82.2		%				82.4		%
1Excludes the reserve assumption updates that occurred during the third quarters of 2025, 2024, and 2023.

11

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Unum Group Financial Results for Closed Block Segment

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Premium Income
Long-term Care			$	160.1					$	174.6					$	670.8					$	696.1					$	696.0
All Other			36.3						43.8						154.8						184.7						219.5
Total Premium Income			196.4						218.4						825.6						880.8						915.5
Net Investment Income			237.6						297.3						1,016.5						1,148.9						1,066.3
Other Income			11.6						14.0						49.9						51.7						52.6
Total			445.6						529.7						1,892.0						2,081.4						2,034.4
Benefits and Expenses
Policy Benefits Including Remeasurement Loss or Gain			388.6						457.2						2,301.3						1,591.8						2,070.7
Commissions			15.6						16.4						66.1						68.4						73.8
Other Expenses			78.6						43.6						246.9						174.6						172.7
Total			482.8						517.2						2,614.3						1,834.8						2,317.2
Income (Loss) Before Income Tax and Net Investment Gains and Losses			(37.2)						12.5						(722.3)						246.6						(282.8)
Amortization of the Cost of Reinsurance			48.8						10.3						116.7						41.4						44.1
Non-Contemporaneous Reinsurance			9.5						4.9						28.6						25.1						34.8
Reserve Assumption Updates - Long-term Care			—						—						643.1						(174.1)						368.1
Reserve Assumption Updates - All Other			—						—						(2.6)						(1.2)						0.7
Adjusted Operating Income			$	21.1					$	27.7					$	63.5					$	137.8					$	164.9
Long-term Care Net Premium Ratio1															97.5		%				94.6		%				93.5		%
Operating Ratios (% of Premium Income):
Other Expense Ratio2			15.2		%				15.2		%				15.8		%				15.1		%				14.0		%
Income (Loss) Ratio			(18.9)		%				5.7		%				(87.5)		%				28.0		%				(30.9)		%
Adjusted Operating Income Ratio			10.7		%				12.7		%				7.7		%				15.6		%				18.0		%
Long-term Care Persistency															95.8		%				95.8		%				95.6		%
1Gross of reinsurance.
2Excludes amortization of the cost of reinsurance.

12

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Unum Group Financial Results for Corporate Segment

			Three Months Ended												Year Ended
			12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Operating Revenue
Net Investment Income			$	17.9					$	13.8					$	93.8					$	58.6					$	99.8
Other Income			0.4						0.2						0.4						1.3						3.3
Total			18.3						14.0						94.2						59.9						103.1
Interest, Debt, and Other Expenses			193.2						64.4						389.6						266.4						249.5
Loss Before Income Tax and Net Investment Gains and Losses			(174.9)						(50.4)						(295.4)						(206.5)						(146.4)
Settlement Loss on the U.S. Pension Plan Annuity Purchase			103.8						—						103.8						—						—
Accelerated Charitable Contribution			20.0						—						20.0						—						—
Loss on Legal Settlement			—						—						—						15.3						—
Adjusted Operating Loss			$	(51.1)					$	(50.4)					$	(171.6)					$	(191.2)					$	(146.4)

13

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Unum Group Investments

						12/31/2025																		12/31/2025						12/31/2024
Fixed Maturity Securities (Fair Value)																		Selected Statistics
Public						$	20,360.0					61.6		%				Earned Book Yield						4.35		%				4.44		%
Mortgage-Backed/Asset-Backed Securities1						1,179.3						3.6						Average Duration (in years)						8.42						8.28
Private Placements						5,827.4						17.6
High Yield						1,208.6						3.6
Government Securities						1,415.3						4.3
Municipal Securities						3,058.1						9.3
Redeemable Preferred Stocks						7.9						—
Total						$	33,056.6					100.0		%
						Amortized Cost						Fair Value						Private Equity Partnerships						12/31/2025						12/31/2024
Quality Ratings of Fixed Maturity Securities																		Private Credit Partnerships						$	255.8					$	289.2
Aaa						3.6		%				3.6		%				Private Equity Partnerships						651.4						640.2
Aa						16.5						15.8						Real Asset Partnerships						549.1						521.2
A						32.6						33.1						Total						$	1,456.3					$	1,450.6
Baa						43.7						43.9
Below Baa						3.6						3.6
Total						100.0		%				100.0		%				Non-Current Investments						$	—					$	13.0

1Includes credit-tranched securities collateralized by loan obligations, auto loans, and other asset types.

14

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Unum Group Investments at December 31, 2025

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						$	2,189.1					$	(76.4)					$	1,099.9					$	121.5					$	1,089.2					$	45.1
Capital Goods						2,854.6						(78.8)						1,512.6						153.5						1,342.0						74.7
Communications						1,994.6						(49.4)						915.0						136.9						1,079.6						87.5
Consumer Cyclical						1,204.6						(72.9)						837.2						95.2						367.4						22.3
Consumer Non-Cyclical						5,594.0						(384.9)						3,744.5						502.5						1,849.5						117.6
Energy						2,170.6						42.0						652.7						63.6						1,517.9						105.6
Financial Institutions						3,642.5						(219.3)						2,520.6						254.7						1,121.9						35.4
Mortgage/Asset-Backed1						1,179.3						(8.0)						481.9						17.3						697.4						9.3
Sovereigns						870.3						(138.5)						582.8						157.3						287.5						18.8
Technology						1,346.1						(100.2)						952.1						115.2						394.0						15.0
Transportation						1,473.9						(92.2)						917.2						116.5						556.7						24.3
U.S. Government Agencies and Municipalities						3,603.1						(391.4)						2,317.8						482.4						1,285.3						91.0
Public Utilities						4,933.9						(114.7)						2,352.4						290.1						2,581.5						175.4
Total						$	33,056.6					$	(1,684.7)					$	18,886.7					$	2,506.7					$	14,169.9					$	822.0
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						$	2,786.5					$	(39.3)											$	59.4					$	(0.5)
91 through 180 days						219.8						(12.8)												5.4						(0.3)
181 through 270 days						53.4						(3.0)												0.0						—
271 days to 1 year						201.0						(12.5)												7.8						(1.5)
Greater than 1 year						15,261.2						(2,390.4)												292.2						(46.4)
Total						$	18,521.9					$	(2,458.0)											$	364.8					$	(48.7)

1Includes credit-tranched securities collateralized by loan obligations, auto loans, and other asset types.

14. 1

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Appendix to Statistical Supplement

2025 Significant Items:

•In February 2025, Unum Life Insurance Company of America entered into a master transaction agreement with Fortitude Reinsurance Company Ltd. (Fortitude Re) which resulted in the execution of a coinsurance agreement (reinsurance agreement) during July 2025. This reinsurance agreement reinsures a portion of our Closed Block long-term care business and a portion of our Unum US individual disability business on a coinsurance basis to Fortitude Re effective January 2025. The reinsurance agreement represents approximately 21 percent of total Closed Block long-term care future policy benefits and approximately 15 percent of Unum US individual disability future policy benefits as of December 31, 2024. Upon closing the transaction in July of 2025, we transferred to Fortitude Re $953.5 million million of cash as well as fixed maturity securities with a fair value totaling $3,230.1 million and accrued investment income of $47.1 million. After consideration of the final settlement, the final ceding commission related to this transaction was $442.3 million. Fortitude Re has an A rating by A.M. Best Company and has established a collateralized trust account for the benefit of Unum America to secure its obligations. As a result of this reinsurance agreement, we recognized the following:

▪Net realized investment loss totaling $46.8 million during the year ended 2025.

▪Reinsurance recoverable of $3,620.5 million comprised of ceded reserves of $3,315.2 million related to the Closed Block long-term care product line and $305.3 million related to the Unum US individual disability product line.

▪Cost of reinsurance of $848.2 million related to the Closed Block long-term care product line and a deferred gain on reinsurance related to the Unum US individual disability product line of $145.9 million

▪Write-off of deferred acquisition costs related to the Unum US individual disability product line of $100.3 million which is included as a component of deferred gain on reinsurance.

•Third quarter of 2025 reserve assumption updates resulting in a net reserve increase of $478.5 million before tax, or $377.8 million after tax.

•During the fourth quarter of 2025, we incurred a loss related to an accelerated charitable contribution of $20.0 million before tax, or $15.8 million after tax.

•During the fourth quarter of 2025, we incurred a settlement loss of $103.8 million before tax, or $82.0 million after tax, related to a purchase of an annuity contract which transferred a portion of our U.S. qualified defined benefit pension plan obligation to a third party.

2024 Significant Items:

•Third quarter of 2024 reserve assumption updates resulting in a net reserve decrease of $357.4 million before tax, or $282.6 million after tax.

•During the third quarter of 2024, we incurred a loss of $15.3 million before tax, or $12.1 million after tax, for the settlement of an employment-related matter.

2023 Significant Items:

•Third quarter of 2023 reserve assumption updates resulting in a net reserve increase of $177.2 million before tax, or $139.3 million after tax.

•In 2018, the Financial Accounting Standards Board issued ASU 2018-12, "Targeted Improvements to the Accounting for Long-Duration Contracts." This update significantly amended the accounting and disclosure requirements for long-duration insurance contracts. The update was effective for periods beginning January 1, 2023. We adopted this guidance effective January 1, 2023 using the modified retrospective approach with changes applied as of January 1, 2021, also referred to as the transition date.

15

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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 and amortization of the deferred gain on reinsurance;

•After-tax adjusted operating income or loss, which excludes investment gains or losses, certain impacts from reinsurance transactions, reserve assumption updates, and 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, the effect of change in discount rate assumptions on the liability for future policy benefits, and net gain or loss on derivatives;

•Leverage ratio, which excludes the unrealized gain or loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net gain or loss on derivatives;

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

•Premium income in constant currency, which excludes the impact of fluctuations in exchange rates between the U.S. dollar and the local currencies in which our Unum International segment is conducted. Given volatility in foreign currency exchange markets, exchange rates can fluctuate between periods. We believe translating prior period results using current period local currency exchange rates provides a more comparable view of our results; and

•Adjusted operating expense ratio, which excludes amortization of the cost of reinsurance and certain other items.

Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, impairment 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.

At times, we utilize reinsurance transactions to manage risk related to certain portions of our business including the exit of portions of our Closed Block businesses. As a result, we exclude the amortization of the cost of reinsurance and the amortization of the deferred gain on reinsurance that are recognized after the closing of these transactions. We also exclude the impact of non-contemporaneous reinsurance for these transactions. While the total equity impact of non-contemporaneous reinsurance is neutral, the difference in original discount rates utilized for direct and ceded reserves results in a disproportionate earnings impact. We believe that the exclusion of these items provides a better view of our results from our ongoing businesses.

Cash flow assumptions used to calculate our liability for future policy benefits are reviewed at least annually and updated, as needed, with the resulting impact reflected in net income. While the effects of these assumption updates are recorded in the reporting period in which the review is completed, these updates reflect experience emergence and changes to expectations spanning multiple periods. We believe that by excluding the impact of reserve assumption updates we are providing a more comparable and consistent view of our results.

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 15.2, other than book value per common share, which is presented on page 2.

15.1

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Reconciliation of Non-GAAP Financial Measures

						Three Months Ended												Year Ended
						12/31/2025						12/31/2024						12/31/2025						12/31/2024						12/31/2023
Total Revenue						$	3,244.1					$	3,236.6					$	13,075.5					$	12,887.3					$	12,385.9
Excluding:
Net Investment Loss						(10.1)						(10.1)						(106.6)						(34.6)						(36.0)
Amortization of the Deferred Gain on Reinsurance						4.4						—						9.0						—						—
Adjusted Operating Revenue						$	3,249.8					$	3,246.7					$	13,173.1					$	12,921.9					$	12,421.9

15.2

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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, 2025
Unum US						$	1,005.2					$	4,441.2					22.6		%
Unum International						118.5						799.0						14.8		%
Colonial Life						365.8						2,011.0						18.2		%
Core Operating Segments						1,489.5						7,251.2						20.5		%
Closed Block						40.7						4,830.0
Corporate						(124.2)						555.2
Total						$	1,406.0					$	12,636.4					11.1		%
Year Ended December 31, 2024
Unum US						$	1,137.6					$	4,523.2					25.2		%
Unum International						120.9						776.8						15.6		%
Colonial Life						368.2						1,869.2						19.7		%
Core Operating Segments						1,626.7						7,169.2						22.7		%
Closed Block						98.6						5,324.1
Corporate						(137.1)						53.8
Total						$	1,588.2					$	12,547.1					12.7		%
Year Ended December 31, 2023
Unum US						$	1,071.0					$	4,635.7					23.1		%
Unum International						127.9						774.3						16.5		%
Colonial Life						315.6						1,744.5						18.1		%
Core Operating Segments						1,514.5						7,154.5						21.2		%
Closed Block						120.8						5,295.1
Corporate						(121.7)						(573.7)
Total						$	1,513.6					$	11,875.9					12.7		%

1Excludes unrealized loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net loss on derivatives and is calculated using the stockholders' equity balances presented on page 15.5.

15.3

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Reconciliation of Non-GAAP Financial Measures - Continued

						After-Tax Adjusted Operating Income (Loss)						Average Allocated Equity1						Annualized Adjusted Operating Return on Equity
Three Months Ended December 31, 2025
Unum US						$	228.9					$	4,348.2					21.1		%
Unum International						25.1						813.2						12.3		%
Colonial Life						89.9						2,054.6						17.5		%
Core Operating Segments						343.9						7,216.0						19.1		%
Closed Block						14.0						4,501.3
Corporate						(35.6)						765.7
Total						$	322.3					$	12,483.0					10.3		%
Three Months Ended December 31, 2024
Unum US						$	263.3					$	4,581.8					23.0		%
Unum International						28.4						780.2						14.6		%
Colonial Life						96.8						1,914.3						20.2		%
Core Operating Segments						388.5						7,276.3						21.4		%
Closed Block						19.5						5,485.4
Corporate						(39.1)						178.4
Total						$	368.9					$	12,940.1					11.4		%

1Excludes unrealized loss on securities, the effect of change in discount rate assumptions on the liability for future policy benefits, and net loss on derivatives and is calculated using the stockholders' equity balances presented on page 15.5.

15.4

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Reconciliation of Non-GAAP Financial Measures - Continued

Average allocated equity is computed as follows:

						12/31/2025						9/30/2025						12/31/2024						9/30/2024						12/31/2023						12/31/2022
Total Stockholders' Equity						$	11,119.1					$	10,908.8					$	10,961.1					$	10,951.4					$	9,651.4					$	8,735.0
Excluding:
Net Unrealized Loss on Securities						(2,003.1)						(1,978.2)						(2,755.2)						(1,491.2)						(1,919.1)						(3,028.4)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits						929.9						656.6						1,185.4						(527.0)						(648.4)						313.9
Net Loss on Derivatives						(278.8)						(264.2)						(270.7)						(108.9)						(73.7)						(9.6)
Total Adjusted Stockholders' Equity						$	12,471.1					$	12,494.6					$	12,801.6					$	13,078.5					$	12,292.6					$	11,459.1
						Three Months Ended						Twelve Months Ended						Three Months Ended						Twelve Months Ended						Twelve Months Ended
						12/31/2025												12/31/2024												12/31/2023
Average Adjusted Stockholders' Equity						$	12,483.0					$	12,636.4					$	12,940.1					$	12,547.1					$	11,875.9

						Three Months Ended
						December 31																		December 31
						2025															2024
						(in millions)						per share*																		(in millions)						per share*
Net Income						$	174.1					$	1.04																	$	348.7					$	1.92
Excluding:
Net Investment Loss (net of tax benefit of $2.7; $1.9)						(7.4)						(0.04)																		(8.2)						(0.04)
Amortization of the Cost of Reinsurance (net of tax benefit of $10.2; $2.2)						(38.6)						(0.23)																		(8.1)						(0.04)
Amortization of Deferred Gain on Reinsurance (net of tax expense of $0.9; $—)						3.5						0.02																		—						—
Non-Contemporaneous Reinsurance (net of tax benefit of $2.2; $1.0)						(7.9)						(0.05)																		(3.9)						(0.03)
Settlement Loss on the U.S. Pension Plan Annuity Purchase (net of tax benefit of $21.8; $—)						(82.0)						(0.49)																		—						$	—
Accelerated Charitable Contribution (net of tax benefit of $4.2; $—)						(15.8)						(0.09)																		—						$	—
After-tax Adjusted Operating Income						$	322.3					$	1.92																	$	368.9					$	2.03
*Assuming dilution.

15.5

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Reconciliation of Non-GAAP Financial Measures - Continued

						Year Ended December 31
						2025												2024												2023
						(in millions)						per share *						(in millions)						per share *						(in millions)						per share *
Net Income						$	738.5					$	4.27					$	1,779.1					$	9.46					$	1,283.8					$	6.50
Excluding:
Net Investment Loss
Net Investment Loss Related to the Fortitude Re Reinsurance Transaction (net of tax benefit of $9.9; $—; $—)						(36.9)						(0.21)						—						—						—						—
Net Investment Loss, Other (net of tax benefit of $13.2; $7.6; $7.8)						(46.6)						(0.28)						(27.0)						(0.14)						(28.2)						(0.14)
Total Net Investment Loss						(83.5)						(0.49)						(27.0)						(0.14)						(28.2)						(0.14)
Amortization of the Cost of Reinsurance (net of tax benefit of $24.5; $8.7; $9.3)						(92.2)						(0.53)						(32.7)						(0.17)						(34.8)						(0.18)
Amortization of the Deferred Gain on Reinsurance (net of tax expense of $1.9; $—; $—)						7.1						0.04						—						—						—						—
Non-Contemporaneous Reinsurance (net of tax benefit of $6.3; $5.2; $7.3)						(23.3)						(0.14)						(19.9)						(0.11)						(27.5)						(0.14)
Reserve Assumption Updates (net of tax expense (benefit) of $(100.7); $74.8; $(37.9))						(377.8)						(2.18)						282.6						1.50						(139.3)						(0.70)
Settlement Loss on the U.S. Pension Plan Annuity Purchase (net of tax benefit of $21.8; $—; $—)						(82.0)						(0.47)						—						—						—						—
Accelerated Charitable Contribution (net tax benefit of $4.2; $—; $—)						(15.8)						(0.09)						—						—						—						—
Loss on Legal Settlement (net of tax benefit of $—; $(3.2); $—)						—						—						(12.1)						(0.06)						—						—
After-tax Adjusted Operating Income						$	1,406.0					$	8.13					$	1,588.2					$	8.44					$	1,513.6					$	7.66
*Assuming dilution.

15.6

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Reconciliation of Non-GAAP Financial Measures - Continued

						December 31
						2025						2024						2023
Debt						$	3,767.6					$	3,739.8					$	3,430.4
Including:
Lease Liability						78.9						69.4						62.6
Debt and Lease Liability						$	3,846.5					$	3,809.2					$	3,493.0
Total Stockholders' Equity						$	11,119.1					$	10,961.1					$	9,651.4
Excluding:
Net Unrealized Loss on Securities						(2,003.1)						(2,755.2)						(1,919.1)
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits						929.9						1,185.4						(648.4)
Net Loss on Derivatives						(278.8)						(270.7)						(73.7)
Equity, As Adjusted						12,471.1						12,801.6						12,292.6
Debt and Lease Liability						3,846.5						3,809.2						3,493.0
Total Adjusted Capital						$	16,317.6					$	16,610.8					$	15,785.6
Leverage Ratio						23.6		%				22.9		%				22.1		%

			Three Months Ended
			December 31, 2025									December 31, 2024
						Premium Income						Premium Income in Local Currency1						Weighted Average Exchange Rate2						Premium Income in Constant Currency
Unum International
Unum UK						$	230.1					£	156.9					1.330						$	208.7
Unum Poland						53.8						zł	166.9					0.275						45.9
Total						283.9																		254.6
Unum US						1,748.6						$	1,721.4											1,721.4
Colonial Life						463.2						$	448.9											448.9
Core Operations						$	2,495.7																	$	2,424.9

1Premium income shown in millions of pounds for Unum UK, millions of zlotys for Unum Poland, and millions of U.S. dollars for Unum US and Colonial Life.

2Exchange rate is calculated using the average foreign currency exchange rates for the most recent period, applied to the comparable prior period.

15.7

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			Year Ended
			December 31, 2025									December 31, 2024
						Premium Income						Premium Income in Local Currency1						Weighted Average Exchange Rate2						Premium Income in Constant Currency
Unum International
Unum UK						$	887.4					£	621.6					1.320						$	820.5
Unum Poland						195.4						zł	615.3					0.267						164.3
Total						1,082.8																		984.8
Unum US						7,083.5						$	6,883.2											6,883.2
Colonial Life						1,839.1						$	1,783.9											1,783.9
Core Operations						$	10,005.4																	$	9,651.9

1Premium income shown in millions of pounds for Unum UK, millions of zlotys for Unum Poland, and millions of U.S. dollars for Unum US and Colonial Life.

2Exchange rate is calculated using the average foreign currency exchange rates for the most recent period, applied to the comparable prior period.

15.8

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We have completed reinsurance transactions to exit significant portions of our Closed Block businesses and, effective February 2026, we are no longer accepting new enrollments on existing group long-term care policies. As a result of these actions and the continued run-off of the Closed Block business, Closed Block segment earnings are less relevant to our financial results and as such, beginning in 2026, we plan to adjust our calculation of after-tax adjusted operating income to exclude the results of the Closed Block segment. As part of this update, we determined that it is no longer necessary to adjust after-tax adjusted operating income to exclude the amortization of the cost of reinsurance, the amortization of the deferred gain on reinsurance, and the impact of non-contemporaneous reinsurance, because the majority of these items are included in Closed Block segment results. The chart below presents the non-GAAP reconciliation for this redefined after-tax adjusted operating income for 2025.

						Redefined After-tax Adjusted Operating Income
						Year Ended December 31
						2025
						(in millions)						per share *
Net Income						$	738.5					$	4.27
Excluding:
Net Investment Loss
Net Investment Loss Related to Fortitude Re Reinsurance Transaction (net of tax benefit of $9.9)						(36.9)						(0.21)
Net Investment Loss, Other (net of tax benefit of $13.2)						(46.6)						(0.28)
Total Net Investment Loss						(83.5)						(0.49)
Redefined Closed Block Segment after-tax adjusted operating loss (net of tax benefit of $7.8)						(74.0)						(0.43)
Reserve Assumption Updates (net of tax benefit of $100.7)						(377.8)						(2.18)
Settlement Loss on U.S. Pension Plan Annuity Purchase (net of tax benefit of $21.8)						(82.0)						(0.47)
Accelerated Charitable Contribution (net of tax benefit of $4.2)						(15.8)						(0.09)
Redefined After-tax Adjusted Operating Income						$	1,371.6					$	7.93
*Assuming dilution.

15.9