Unum Group 6.250% Junior Subordinated Notes due 2058 (UNMA)

FairStock Score: 47/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Viewed as a Graham-style bargain, these Unum junior subordinated notes are not common stock; they are long-dated obligations with a 6.250% coupon due in 2058. The issuer reported fiscal 2025, the year ended 2025-12-31, revenue of $13.1B, net income of $738.5M and diluted EPS of $4.27, down sharply from fiscal 2024, the year ended 2024-12-31, net income of $1.8B and diluted EPS of $9.46. Quarterly revenue has been stable at about $3.4B in fiscal Q2 2026, the quarter ended 2026-06-30, and fiscal Q1 2026, the quarter ended 2026-03-31, but profits swing: fiscal Q3 2025, the quarter ended 2025-09-30, net income was only $39.7M, or $0.23 per diluted share, while fiscal Q2 2026, the quarter ended 2026-06-30, net income was $256.9M, or $1.61. FairStock's Lynch category is SLOW GROWER—Shrinking, citing profit -1.4% a year over five years and revenue -0.1%. That tells me the business lacks a powerful growth engine. Financial services can have scale advantages, but the data show no evidence of a wide moat. Financial health is hard to judge because key balance-sheet ratios are not provided, yet the volatility in earnings is a caution for a junior subordinated security. At the 2026-10-13 close of $20.72, FairStock calculates a P/E of 4.24 and a FairStock Score of 47/100; that P/E may look statistically cheap, but for a note the yield and issuer solvency matter more than a common-equity multiple. The price sits near the 52-week low of $20.51, so the market is demanding compensation. I would want a clear margin of safety, evidence of stable earnings, and confidence that the coupon can be paid through 2058. Without that, the apparent cheapness is not enough.

In plain English: This is a long-term bond-like note from Unum Group that pays 6.250% interest and matures in 2058. Unum's sales have been roughly flat in recent reports, and annual profits have been uneven and lower in the most recent full year than the year before. The note's price of $20.72 is near the bottom of its 52-week range, which suggests investors are cautious.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer