Unum Group (UNM) Approves A New $1 billion Share Repurchase Program

Unum Group (NYSE:UNM) is among the 9 Best Life Insurance Stocks to Buy Now. 

On December 4, 2025, Unum Group (NYSE:UNM) announced that its board had approved a new $1 billion share repurchase program, effective January 1, 2026. All buybacks will switch to the new authorization after the present program expires on December 31, 2025. The company stated that, depending on the state of the market, repurchases could be carried out through private agreements, open-market transactions, or predetermined trading strategies. The program may be changed or discontinued at any moment by the board.

Earlier on November 14, 2025, Unum Group (NYSE:UNM) stated that it had completed a $300 million senior notes offering due in 2035 with a 5.250% annual coupon. The firm’s $275 million 3.875% senior notes due in 2025, which matured on November 5, 2025, will be repaid with net proceeds. It will be utilized for general company operations. According to the company, the issuance provides liquidity and balance-sheet flexibility as it continues to plan for long-term capital needs.

Unum Group (NYSE:UNM) has expressed intentions to return around $1.3 billion to shareholders in 2025, backed by solid premiums, a near-20% ROE, and more than $2 billion in holding-company liquidity. The management cited reserve actions totaling $478.5 million pretax, 4% adjusted premium growth, and strong contributions from Unum US, Colonial Life, and International. The company plans to conclude 2025 with an RBC ratio above 425% and premium growth comparable to the previous year.

Unum Group (NYSE:UNM) provides group and individual income protection insurance solutions in the United States, the United Kingdom, Poland, and other countries.

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