Unum Group completes $300 million senior notes offering

CHATTANOOGA - Unum Group (NYSE:UNM) has completed a $300 million offering of senior notes due in 2035 with an annual coupon rate of 5.250 percent, according to a company press release.

The insurance provider stated that the net proceeds from the sale will be used for general corporate purposes, including the replacement of cash and cash equivalents used to repay the $275 million aggregate principal amount of the company's 3.875% senior notes that matured on November 5, 2025.

Goldman Sachs & Co. LLC, PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC served as joint active book-running managers for the offering.

The senior notes were offered under a prospectus supplement dated November 6, 2025, and an accompanying base prospectus dated April 28, 2023.

Unum Group provides workplace benefits and services including disability, life, accident, critical illness, dental, and vision insurance through its Unum and Colonial Life brands. The company reported revenues of more than $12.9 billion in 2024 and paid approximately $8.0 billion in benefits.

The Fortune 500 company noted in its press release that the offering announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction where such action would be unlawful.

In other recent news, Unum Group disclosed its Q3 2025 financial results, reporting an adjusted after-tax operating income per share of $2.09. This figure fell short of the analysts' forecast of $2.15. However, the company's revenue surpassed expectations, reaching $3.38 billion, compared to the anticipated $3.33 billion. This revenue performance represents a 1.5% surprise over projections. Despite the earnings per share miss, the positive revenue outcome was a notable highlight for investors. The company's stock experienced a rise in regular trading, although this article will not delve into specific stock price movements. These recent developments are significant for stakeholders evaluating Unum Group's financial health.

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