On November 3, 2026, after the market closed, Unum reported its third-quarter 2026 financial results, including a $419.7 million net loss for the quarter. In the press release, CEO Richard McKenney stated that “very good performance in our voluntary benefits businesses [was] offset by elevated claim submissions in group disability.” The Company reported a U.S. group disability benefit ratio of 70.6%, up from 61.3% a year earlier. On the earnings call, Chief Financial Officer Steve Zabel stated that claim submissions ran approximately 10% above expectations, concentrated in behavioral health.

On this news, Unum stock fell $16.24, or 17.84%, to close at $74.79 on November 4, 2026, thereby injuring investors.