Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Unum Group reported steady second-quarter 2026 performance across its diversified employee benefits portfolio while continuing to reduce legacy long-term care exposure.</li><li>Core businesses including U.S. group benefits, Colonial Life, and international operations delivered underlying premium growth, solid persistency, and continued investment in digital and leave management capabilities.</li><li>Underlying premium growth was approximately 5%.</li></ul>

Unum Group reported steady second-quarter 2026 performance across its diversified employee benefits portfolio while continuing to reduce legacy long-term care exposure.Core businesses including U.S. group benefits, Colonial Life, and international operations delivered underlying premium growth, solid persistency, and continued investment in digital and leave management capabilities.Underlying premium growth was approximately 5%.

Unum Group’s $3.8 Billion LTC Risk Transfer — Can It Reshape The Earnings Story?

<ul><li>Unum Group reported a solid start to 2026 with a mix of positive developments and ongoing challenges across its core business lines and balance sheet management.</li><li>The company delivered after-tax adjusted operating earnings of $353 million and an EPS of $2.14, reflecting nearly 10% growth year-over-year.</li><li>Core operations showed earned premium growth exceeding 5% when adjusted for transactions, with particularly strong momentum in the U.S. group business where sales increased by 22%, persistency rose to 92%, and group life premiums grew approximately 5%.</li></ul>

Unum Group reported a solid start to 2026 with a mix of positive developments and ongoing challenges across its core business lines and balance sheet management.The company delivered after-tax adjusted operating earnings of $353 million and an EPS of $2.14, reflecting nearly 10% growth year-over-year.Core operations showed earned premium growth exceeding 5% when adjusted for transactions, with particularly strong momentum in the U.S. group business where sales increased by 22%, persistency rose to 92%, and group life premiums grew approximately 5%.

Unum Group’s 22% U.S. Group Sales Surge: Can Momentum Outrun Claims Pressure?

<ul><li>Unum Group's 2025 financial results reflected a year marked by both operational progress and some challenges in benefit experience, particularly within its group disability segment.</li><li>For the full year, adjusted earnings per share (EPS) came in at $8.13, below both the prior year and company expectations, primarily due to higher-than-anticipated benefit costs.</li><li>Despite this, the company’s core operations demonstrated resilience with a return on equity (ROE) near 20%, supported by disciplined underwriting, sustained premium growth, and strong persistency rates.</li></ul>

Unum Group's 2025 financial results reflected a year marked by both operational progress and some challenges in benefit experience, particularly within its group disability segment.For the full year, adjusted earnings per share (EPS) came in at $8.13, below both the prior year and company expectations, primarily due to higher-than-anticipated benefit costs.Despite this, the company’s core operations demonstrated resilience with a return on equity (ROE) near 20%, supported by disciplined underwriting, sustained premium growth, and strong persistency rates.

Unum Group’s LTC Strategy: Legacy Risk Reduction & Capital Deployment Under the Microscope!

<ul><li>Unum Group's financial performance in the third quarter of 2025 highlighted the persistent strength and stability of its core operations, albeit alongside some pressures from legacy segments.</li><li>The core businesses registered a solid performance, with Unum US reporting nearly 4% premium growth after adjustments and Colonial Life showing over 3% growth.</li><li>Unum International impressed with a substantial 10% growth.</li></ul>

Unum Group's financial performance in the third quarter of 2025 highlighted the persistent strength and stability of its core operations, albeit alongside some pressures from legacy segments.The core businesses registered a solid performance, with Unum US reporting nearly 4% premium growth after adjustments and Colonial Life showing over 3% growth.Unum International impressed with a substantial 10% growth.

Unum Group: Can Its “Fair Pricing” Disability Strategy Win Employer Loyalty Without Sacrificing Margins?

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Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/unum-group">Unum Group</a> stands as a market leader in the U.S. disability insurance sector, a position that provides a stable foundation for consistent premium income and cash flow.</li>
  <li>The company's core operations are highly profitable, with an adjusted operating Return on Equity (ROE) consistently near or above 20%, demonstrating efficient capital use.</li>
  <li>A significant headwind remains the legacy Closed Block of long-term care (LTC) policies, which introduces earnings volatility through periodic reserve adjustments, masking the strong performance of the core business.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Unum Group stands as a market leader in the U.S. disability insurance sector, a position that provides a stable foundation for consistent premium income and cash flow.
  The company's core operations are highly profitable, with an adjusted operating Return on Equity (ROE) consistently near or above 20%, demonstrating efficient capital use.
  A significant headwind remains the legacy Closed Block of long-term care (LTC) policies, which introduces earnings volatility through periodic reserve adjustments, masking the strong performance of the core business.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

United States

Unum Group provides group disability and special risk insurance.  The Company provides disability insurance, group life insurance, and payroll-deducted voluntary benefits offered to employees at their worksites.

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Unum Group (UNM US)

Unum Group’s $3.8 Billion LTC Risk Transfer — Can It Reshape The Earnings Story?

Unum Group reported steady second-quarter 2026 performance across its diversified employee benefits portfolio while continuing to reduce legacy...

Baptista Research

Unum Group’s 22% U.S. Group Sales Surge: Can Momentum Outrun Claims Pressure?

Unum Group reported a solid start to 2026 with a mix of positive developments and ongoing challenges across its core business lines and balance...

Baptista Research

Unum Group’s LTC Strategy: Legacy Risk Reduction & Capital Deployment Under the Microscope!

Unum Group's 2025 financial results reflected a year marked by both operational progress and some challenges in benefit experience, particularly...

Baptista Research

Unum Group: Can Its “Fair Pricing” Disability Strategy Win Employer Loyalty Without Sacrificing Margins?

Unum Group's financial performance in the third quarter of 2025 highlighted the persistent strength and stability of its core operations, albeit...

Baptista Research

Primer: Unum Group (UNM US) - Dec 2025

Unum Group stands as a market leader in the U.S. disability insurance sector, a position that provides a stable foundation for consistent...

αSK Primers

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