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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 Second Quarter 2021 Results Net income of $ 182.9 million ( $ 0.89 per diluted common share ) for the second quarter of 2021 ; after - tax adjusted operating income was $ 286.2 million ( $ 1.39 per diluted common share ) . Results reflect improving trend in mortality , strong returns in alternative invested asset portfolio , and strengthening macroeconomic conditions . Strong balance sheet and liquidity with holding company cash of $ 1.7 billion ; weighted average risk - based capital ratio of approximately 375 percent . • Book value per common share of $ 53.57 grew 3.2 percent over the year - ago quarter . • Full - year 2021 outlook increased ; after - tax adjusted operating income per share now expected to decline 1 percent to 3 percent relative to full - year 2020 , compared to an expected decline of 5 percent to 6 percent previously . CHATTANOOGA , Tenn . ( August 3 , 2021 ) - Unum Group ( NYSE : UNM ) today reported net income of $ 182.9 million ( $ 0.89 per diluted common share ) for the second quarter of 2021 , compared to net income of $ 265.5 million ( $ 1.30 per diluted common share ) for the second quarter of 2020 . Included in net income for the second quarter of 2021 are the after - tax cost related to the early retirement of debt of $ 53.2 million ( $ 0.26 per diluted common share ) , an after - tax impairment loss on the right - of - use ( ROU ) asset related to one of our operating leases for office space that we are no longer using to support our general operations of $ 11.0 million ( $ 0.05 per diluted common share ) , the net tax expense related to a U.K. tax rate increase of $ 24.2 million ( $ 0.12 per diluted common share ) , the after - tax amortization of the cost of reinsurance of $ 15.5 million ( $ 0.08 per diluted common share ) , and a net after- tax realized investment gain on the Company's investment portfolio of $ 0.6 million ( $ 0.01 per diluted common share ) . Included in net income for the second quarter of 2020 are an after - tax impairment loss on the ROU asset of $ 10.0 million ( $ 0.05 per diluted common share ) , as well as well as a net after - tax realized investment gain on the Company's investment portfolio of $ 25.4 million ( $ 0.12 per diluted common share ) . Excluding the items above , after - tax adjusted operating income was $ 286.2 million ( $ 1.39 per diluted common share ) in the second quarter of 2021 , compared to $ 250.1 million ( $ 1.23 per diluted common share ) in the second quarter of 2020 . " We are very pleased with our strong second quarter results , highlighted by positive investment returns and aided by improved COVID dynamics relative to the first quarter . Our core business segments exhibited solid underlying fundamental trends , with improving sales and overall stable benefits experience , " said Richard P. McKenney , president and chief executive officer . " These favorable results drive an improvement in our outlook for the full year , which we expect to continue to be influenced by the pandemic . " UNUM IS A REGISTERED TRADEMARK AND MARKETING BRAND OF UNUM GROUP AND ITS INSURING SUBSIDIARIES .