Unum Group said its board approved a new $1 billion share repurchase program, with repurchases to begin on September 1, 2026.
The authorization replaces the company’s current buyback program, which is set to expire on August 31, 2026. Management will determine the timing and volume of repurchases based on market conditions and other factors, including open market transactions, privately negotiated deals, and accelerated share repurchase arrangements under Rule 10b5-1.
The board retains discretion to suspend, modify, or terminate the program at any time. Unum said in a statement that the buybacks are intended to enhance shareholder value.
Based in Chattanooga, Tennessee, Unum provides workplace benefits and services through its Unum and Colonial Life brands. The company offers disability, life, accident, critical illness, dental, and vision insurance, as well as leave and absence management and behavioral health services.
For the 2025 fiscal year, Unum reported revenues of $13.1 billion and paid $8.3 billion in benefits.
