Unum Group
26 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.
Partners and platforms
Fortitude Reinsurance Company Ltd. (Fortitude Re)
depends on · approximately 21 percent of total Closed Block long-term care future policy benefits and approximately 15 percent of Unum US individual disability future policy benefitsThe reinsurance agreement represented 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.Business (Item 1)
Also named by LNC
Federal Home Loan Bank (FHLB)
depends onnamed as a riskWe maintain our credit facility, and our arrangements with the FHLB as potential sources of liquidity.Risk factors (Item 1A)
Fairwind Insurance Company
depends onnamed as a riskIf we were required to discontinue use of the captive reinsurer or to alter the structure of the captive reinsurance arrangement, our ability to maintain current RBC ratios and/or our capital deployment activities could be impacted.Risk factors (Item 1A)
Commonwealth Annuity and Life Insurance Company
depends onWe exited a substantial portion of our Closed Block individual disability product line through two phases of a coinsurance and modified coinsurance reinsurance transaction with Commonwealth Annuity and Life Insurance Company (Commonwealth) that were executed in December 2020 and March 2021.Business (Item 1)
Other companies
AM Best, Fitch, Moody's and S&P
named as a riskA downgrade in the issuer credit rating assigned to Unum Group can be expected to adversely affect our cost of capital and our ability to raise additional capital.Risk factors (Item 1A)
Places
United Kingdom
operates in · approximately 9 percent of our consolidated adjusted operating revenuenamed as a riskAdjusted operating revenue, which excludes net investment gains and losses and the amortization of the deferred gain on reinsurance, for our Unum International segment was approximately 9 percent of our consolidated adjusted operating revenue in 2025 and approximately 8 percent in both 2024 and 2023.Business (Item 1)
Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more
Hazards
Catastrophic events (terrorism, natural disasters)
$352.5 million total catastrophic coverage after a $150 million deductiblenamed as a riskClaim incidence may also be influenced by unexpected catastrophic events such as terrorist attacks, natural disasters, and pandemic health events, which may also affect the cost of and availability of reinsurance coverage.Risk factors (Item 1A)
Commodities and inputs
British pound sterling
exposed to its price · approximately $117 millionnamed as a riskAssuming the pound to dollar year-end exchange rate decreased 10 percent from the December 31, 2025 and 2024 levels, accumulated other comprehensive income or loss, as reported in U.S. dollars, would have been lower by approximately $117 million and $120 million, respectively.Market risk (Item 7A)
Also named by AMG, BGC, BKNG, CBRE, CTRE, FCFS, FDS, FIS and 31 more
Single-A corporate bond yield
exposed to its price · $3,852.6 million change in FV of future policy benefits per +100 BPnamed as a riskA decline in the single-A interest rate could have a material adverse effect on our financial statements.Risk factors (Item 1A)
Polish zloty
exposed to its pricenamed as a riskWe are exposed to foreign currency risk arising from fluctuations in the British pound sterling and Polish zloty to U.S. dollar exchange rates primarily as they relate to the translation of the financial results of our U.K. and Polish operations.Market risk (Item 7A)
Regulators
Financial Conduct Authority (FCA)
subject tonamed as a riskThe U.K.'s Financial Ombudsman Service, which was established to help settle disputes between consumers and businesses providing financial services, and the FCA, which has rule-making, investigative, and enforcement powers to protect consumers, may hamper our ability to do business, which could have a material adverse effect on our U.K. operations.Risk factors (Item 1A)
Also named by AFRM, AJG, AMG, AMP, BGC, BRO, CBOE, COF and 17 more
Prudential Regulation Authority (PRA)
subject tonamed as a riskOur U.K. insurance subsidiary, Unum Limited, is subject to dual regulation by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).Business (Item 1)
State insurance regulators (long-term care rate approvals)
subject tonamed as a riskLong-term care insurance can be repriced to reflect adverse experience, but the repricing is subject to regulatory approval by our states of domicile and may also be subject to approval by jurisdictions in which our policyholders reside.Risk factors (Item 1A)
U.S. Department of Labor
subject toWe are also regulated by the U.S. Department of Labor (DOL) on a national basis, primarily for the protection of policyholders.Business (Item 1)
Also named by ADP, AMG, BBSI, FLO, HCC, MRSH, PAYX, PFG and 1 more
Komisja Nadzoru Finansowego (KNF)
subject toOur Polish insurance subsidiary, Unum Zycie TUiR, is subject to regulation by the Komisja Nadzoru Finansowego (KNF) of the Financial Supervision Authority (FSA) in Poland.Business (Item 1)
Maine Bureau of Insurance
subject toOur lead state regulator, the Maine Bureau of Insurance (MBOI), adopted the NAIC GCC standards and we submit our GCC report to the MBOI annually.Business (Item 1)
Laws and programs
Inflation Reduction Act corporate alternative minimum tax
subject to · 15 percentOur Company is an applicable corporation and we recorded a CAMT liability as of December 31, 2025.Business (Item 1)
Also named by EXE, HESM, JXN, KLAC, NRG, Q, RRC, SO and 2 more
Employee Retirement Income Security Act (ERISA)
subject tonamed as a riskMost group long-term and short-term disability plans we administer are governed by the Employee Retirement Income Security Act (ERISA).Risk factors (Item 1A)
U.S. Social Security Disability Insurance
named as a riskThe U.S. social security disability insurance program may not be sustainable, which may adversely affect the level of our disability claim payments and liability for future policy benefits.Risk factors (Item 1A)
Also named by LNC
NAIC Risk-Based Capital standards
subject tonamed as a riskThe domiciliary states of our U.S. insurance subsidiaries have all adopted a version of the NAIC RBC Model Act, which prescribes a system for assessing the adequacy of statutory capital and surplus for all life and health insurers.Business (Item 1)
Also named by PRI
Paid family and medical leave legislation
subject tonamed as a riskChanges in U.S. programs such as healthcare reform, the continued emergence of paid family and medical leave legislation, and financial services sector reform may compete with or diminish the need or demand for our products, particularly as it may affect our ability to sell our products through employers or in the workplace.Risk factors (Item 1A)
International Capital Standard (IAIS)
subject tonamed as a riskWhile we are not currently subject to the ICS, we expect to be so in the future.Business (Item 1)
EU Corporate Sustainability Reporting Directive (CSRD)
subject toUnum Poland is currently in scope for the first phase of CSRD through Polish law though is likely to become out of scope due to the recent approval of the Omnibus I package by the European Parliament and Council.Business (Item 1)
Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more
Health Insurance Portability and Accountability Act (HIPAA)
subject toCertain of our insurance products also are subject to the Health Insurance Portability and Accountability Act, which is enforced by the U.S. Department of Health and Human Services and regulates the disclosure and use of protected health information.Business (Item 1)
Also named by ADI, BBY, BR, BWIN, CART, CTSH, DGX, IQV and 8 more
U.K. Solvency II
subject toThe Unum UK Solvency II Group has permission from the PRA to use certain adjustments as well as a transitional measure which applies until January 2032.Business (Item 1)