UNMUnum Group
Accident & Health Insurance
- Revenue
- $13.1B
- 1.5% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $14.4B
- Employees
- 2,000
- $7M revenue each
- Net debt / EBITDA
- —
- $2.5B net debt
- AI in 10-K
- 1.3
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 1 of 7
- TSR below peersNo1 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$18M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo93% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowYes191% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 0 of 4
- Low revenue per employeeNo$7M · 93rd pctBottom quartile of its SIC industry
- Quiet on AINo1.3 per 10K words · 40th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo1.4× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedNo$14.4B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$4M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $12.0B | $12.0B | $12.4B | $12.9B | $13.1B | 1.5% |
| Net income | $981M | $1.4B | $1.3B | $1.8B | $739M | 58% |
| Operating cash flow | $1.4B | $1.4B | $1.2B | $1.5B | $688M | 55% |
| Capex | $110M | $102M | $135M | $126M | $132M | 5.3% |
| Stock-based comp | $35M | $53M | $64M | $48M | $54M | 12% |
| Buybacks | $50M | $200M | $250M | $973M | $1.0B | 3.8% |
| Dividends | $239M | $254M | $277M | $297M | $306M | 3.3% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $4M · 11
- Net
- −$4M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $19M | $21M | 399 | 201 |
| FY2024 | $18M | $27M | 367 | 190 |
| FY2023 | $20M | $22M | 221 | 158 |
| FY2022 | $10M | $24M | 194 | 151 |
| FY2021 | $9M | $11M | 112 | 137 |