尤纳姆 2025年季度报告

FORM10-Q (Mark One) ☒Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the quarterly period endedMarch 31, 2025 ☐Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from to Commission file number001-11294 Unum Group (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days.Yes[X] No [ ] Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes[X] No [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and"emerging growth company" in Rule 12b-2 of the Exchange Act.(Check one): Large Accelerated FilerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐No☒ 174,361,903shares of the registrant's common stock were outstanding as of April28, 2025. TABLE OF CONTENTS PageCautionary Statement Regarding Forward-Looking Statements1PART I - FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited):3Consolidated Balance Sheets at March 31, 2025 and December 31, 20243Consolidated Statements of Income for the three months ended March 31, 2025 and 20245Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025 and 20246Consolidated Statements of Stockholders' Equity for the three months ended March 31, 2025 and 20247Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 20248Notes to Consolidated Financial Statements9Note 1 - Basis of Presentation9Note 2 - Accounting Developments9Note 3 - Fair Value of Financial Instruments11Note 4 - Investments26Note 5 - Derivative Financial Instruments41Note 6 - Accumulated Other Comprehensive Loss49Note 7 - Liability for Future Policy Benefits51Note 8 - Policyholders' Account Balances67Note 9 - Deferred Acquisition Costs71Note 10 - Segment Information72Note 11 - Employee Benefit Plans77Note 12 - Stockholders' Equity and Earnings Per Common Share78Note 13 - Commitments and Contingent Liabilities80Note 14 -Debt andOther81Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations82Item 3.Quantitative and Qualitative Disclosures About Market Risk122Item 4.Controls and Procedures122PART II - OTHER INFORMATIONItem 1.Legal Proceedings123Item 1A.Risk Factors123Item 2.Unregistered Sales of Equity Securities and Use of Proceeds123Item 5.Other Information123Item 6.Exhibits125Signatures126 Cautionary Statement Regarding Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 (the Act) provides a "safe harbor" to encourage companies to provide prospectiveinformation, as long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statementsidentifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. Certaininformation contained in this quarterly report on Form 10-Q (including certain statements in the consolidated financial statements and relatednotes and Management's Discussion and Analysis), or in any other written or oral statements made by us in communications with the financialcommunity or contained in documents filed with the Securities and Exchange Commission (SEC), may be considered forward-lookingstatements within the meaning of the Act. Forward-looking statements are those not based on historical information, but rather relate to ouroutlook, future operations, strategies, financial results, or other developments. Forward-looking statements speak only as of the date made. Weundertake no obligation to update these statements, even if made available on our website or otherwise. These statements may be made directlyin this document or may be made part of this document by reference to other documents filed by us with the SEC, a practice which is known as"incorporation by reference." You can find many of these stat