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unum news Exhibit 99.1 1 Fountain Square Chattanooga , TN 37402 www.unum.com FOR IMMEDIATE RELEASE Contacts MEDIA INVESTORS Natalie Godwin ngodwin@unum.com Tom White 423-294-8996 tawhite@unum.com • • Unum Group Reports First Quarter 2021 Results Net income of $ 153.0 million ( $ 0.75 per diluted common share ) for the first quarter of 2021 ; after - tax adjusted operating income was $ 212.0 million ( $ 1.04 per diluted common share ) . Results reflect continued elevated mortality , which improved through the quarter , as well as encouraging trends in premium growth , persistency , and macro - economic conditions . Strong balance sheet and liquidity with holding company cash of $ 1.7 billion and weighted average risk- based capital ratio of approximately 370 percent ; successful completion of the second phase of the Closed Block individual disability reinsurance transaction . Book value per common share of $ 51.77 grew 7.4 percent over the year - ago quarter . CHATTANOOGA , Tenn . ( May 5 , 2021 ) - Unum Group ( NYSE : UNM ) today reported net income of $ 153.0 million ( $ 0.75 per diluted common share ) for the first quarter of 2021 , compared to net income of $ 161.0 million ( $ 0.79 per diluted common share ) for the first quarter of 2020 . Included in net income for the first quarter of 2021 are the net after - tax loss from the second phase of the Closed Block individual disability reinsurance transaction of $ 56.7 million ( $ 0.27 per diluted common share ) , the after - tax amortization of the cost of reinsurance of $ 15.8 million ( $ 0.08 per diluted common share ) , and a net after - tax realized investment gain on the Company's investment portfolio , excluding the net realized investment gain associated with the completion of the second phase of the Closed Block individual disability reinsurance transaction , of $ 13.5 million ( $ 0.06 per diluted common share ) . Included in net income for the first quarter of 2020 is a net after - tax realized investment loss on the Company's investment portfolio of $ 113.1 million ( $ 0.56 per diluted common share ) . Excluding the items above , after - tax adjusted operating income was $ 212.0 million ( $ 1.04 per diluted common share ) in the first quarter of 2021 , compared to $ 274.1 million ( $ 1.35 per diluted common share ) in the first quarter of 2020 . “ Our first quarter results reflect the dynamics of the world around us with good growth results , pressured by high , yet improving , levels of mortality , ” said Richard P. McKenney , president and chief executive officer . “ With vaccines rolling out and a better economy , the current trends show continued improvement . Looking forward , our market leadership and financial underpinnings position us well to drive growth as the recovery builds in the second half of the year . " UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES .