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Unum Group Executive Compensation (FY25)

UNM · Executive and director compensation, fiscal 2022 to 2025
Latest say-on-pay support
=
May 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 22, 2026
15 filings cited on this page
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253 figures on this page: 242 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Richard McKenney: $18,393,061 → $19,417,476 (5.6% higher)
Say-on-pay support: 92.2% → 96.1% (3.9 points higher)
CEO pay ratio: 221:1 → 222:1 (0.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
What was Unum Group's say-on-pay result?
The say-on-pay proposal drew 96.1% of votes cast for or against in favor at the meeting held May 21, 2026 for fiscal 2025.
Which companies are in Unum Group's peer group?
The disclosed peer group names Aflac, AIG, Allianz Life Insurance, Allstate and Brighthouse Financial, among others. The 2025 Proxy Peer Group names Aflac, Brighthouse Financial, CNO Financial Group, Equitable Holdings and Lincoln Financial Group Corporation, among others. The additional disclosed peer group includes AIG, Allstate, Cigna, Corebridge Financial and Genworth Financial, among others.
What is Unum Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 222:1, against median employee compensation of $87,332.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard McKenney
President and Chief Executive Officer
◇—◇—◇—◇◇
Michael Simonds
Executive Vice President, Chief Operating Officer
◇◇◇—◇—◇◇
Steven Zabel
Executive Vice President, Chief Financial Officer
◇◇◇—◇—◇◇
Lisa Iglesias
Executive Vice President, General Counsel and Chief Legal and Compliance Officer
◇—◇—◇—◇◇
Timothy Arnold
President, Unum US
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard McKenney
President and Chief Executive Officer, and a Director
◇—◇—◇◇◇◇
Steven Zabel
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Michael Simonds
Former Executive Vice President, Chief Operating Officer
Departed during or after this year
◇—◇—◇◇◇◇
Lisa Iglesias
Executive Vice President, General Counsel
◇—◇—◇—◇◇
Timothy Arnold
Executive Vice President, Voluntary Benefits & President, Colonial Life
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard McKenney
President and Chief Executive Officer, and a Director
◇—◇—◇—◇◇
Steven Zabel
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Christopher Pyne
Executive Vice President, Group Benefits
◇—◇—◇—◇◇
Lisa Iglesias
Executive Vice President, General Counsel
◇—◇—◇—◇◇
Timothy Arnold
Executive Vice President, Voluntary Benefits & President, Colonial Life
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard McKenney
President and Chief Executive Officer, and a Director
◇—◇—◇◇◇◇
Steven Zabel
Executive Vice President, Chief Financial Officer
◇—◇—◇—◇◇
Christopher Pyne
Executive Vice President, Group Benefits
◇—◇—◇◇◇◇
Shelia Anderson
Executive Vice President, Chief Information and Digital Officer
◇◇◇—◇—◇◇
Lisa Iglesias
Executive Vice President, General Counsel
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher W. PyneRSU◇——◇——◇
Christopher W. PyneAIP———————
Lisa G. IglesiasRSU◇——◇——◇
Lisa G. IglesiasAIP———————
Richard P. McKenneyRSU◇——◇——◇
Richard P. McKenneyAIP———————
Shelia D. AndersonRSU◇——◇——◇
Steven A. ZabelAIP———————
Steven A. ZabelRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Steven ZabelRSU◇◇——
Lisa IglesiasRSU◇◇——
Shelia AndersonRSU◇◇——
Richard McKenneyRSU◇◇——
Christopher PyneRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Christopher Pyne
Executive Vice President, Group Benefits · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Excise tax treatment◇
Lisa Iglesias
Executive Vice President, General Counsel · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Excise tax treatment◇
Richard McKenney
President and Chief Executive Officer, and a Director · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Steven Zabel
Executive Vice President, Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance base◇
Severance cash amount◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Excise tax treatment◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin T. Kabat
Board chair · Lead independent director
◇◇————◇
Ronald P. O'Hanley
◇◇———◇◇
Susan L. Cross
◇◇———◇◇
Cynthia L. Egan
◇◇———◇◇
Susan D. DeVore
◇◇———◇◇
Theodore H. Bunting Jr
◇◇———◇◇
Gale V. King
◇◇———◇◇
Timothy F. Keaney
◇◇———◇◇
Mojgan M. Lefebvre
◇◇————◇
Joseph J. Echevarria
◇◇————◇
Gloria C. Larson
—————◇◇
Kristi A. Matus and Richard P. McKenney served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Aflac AFL
  • AIG AIG
  • Allianz Life Insurance symbol not shown
  • Allstate ALL
  • Brighthouse Financial BHF
  • Cigna CI
  • CNO Financial Group CNO
  • Corebridge Financial CRBG
  • Equitable Holdings EQU
  • Genworth Financial GNW
  • Lincoln Financial Group Corporation LFC
  • MetLife MET
  • Nationwide symbol not shown
  • Principal Financial Group PFG
  • Prudential Financial PRU
  • Reinsurance Group of America RGA
  • Sun Life Financial SLF
  • Symetra Financial SF
  • The Hartford Insurance Group HIG
  • Voya Financial Services VOYA
2025 Proxy Peer Group
  • Aflac AFL
  • Brighthouse Financial BHF
  • CNO Financial Group CNO
  • Equitable Holdings EQH
  • Lincoln Financial Group Corporation LNC
  • MetLife MET
  • Principal Financial Group PFG
  • Prudential Financial PRU
  • Reinsurance Group of America RGA
  • The Hartford Insurance Group HIG
Additional disclosed peer group
  • AIG AIG
  • Allstate ALL
  • Cigna CI
  • Corebridge Financial CRBG
  • Genworth Financial GNW
  • Globe Life GL
  • Voya Financial VOYA

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 21, 2026=◇◇◇
2024May 22, 2025=◇◇◇
2023May 23, 2024=◇◇◇
2022May 25, 2023=◇◇◇
2021May 26, 2022=◇◇◇
2020May 27, 2021=◇◇◇
2019May 28, 2020=◇◇◇
2018May 23, 2019=◇◇◇
2017May 24, 2018=◇◇◇
2016May 25, 2017=◇◇◇
2015May 26, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- Richard McKenney (President and Chief Executive Officer, and a Director), FY2025 total compensation $19,417,476 (base salary $1,128,270) [exec_comp, SEC accession 0000005513-26-000026, filed 2026-04-09]

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What this page does not include

Everything above is a fact Unum Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
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What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
253 figures on this page: 242 cited to the filing that reported them, 11 calculated from figures it prints.
242 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000005513-26-000053
  2. 0000005513-26-000026
    2025 Grants of Plan-Based Awards · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · CEO PAY RATIO · and 1 more section
  3. 0000005513-25-000079
  4. 0000005513-25-000048
    2024 Summary Compensation Table · Compensation Discussion and Analysis
  5. 0000005513-24-000104
  6. 0000005513-24-000083
    2023 Summary Compensation Table
  7. 0000005513-23-000139
  8. 0000005513-23-000107
    Summary Compensation Table
  9. 0000005513-22-000104
  10. 0000005513-21-000129
  11. 0000005513-20-000098
  12. 0000005513-19-000084
  13. 0000005513-18-000058
  14. 0000005513-17-000058
  15. 0001193125-16-604332
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Velarion, “Unum Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/UNM (accessed 2026).
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15 filings cited on this page
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Insurance rankings

Chief executive pay — InsuranceCEO pay ratio — InsuranceSay-on-pay support — Insurance

Peers Unum Group discloses

The companies named in UNM's own disclosed peer group.

AflacAIGAllstateBrighthouse FinancialCignaCNO Financial GroupCorebridge FinancialGenworth FinancialMetLifePrincipal Financial GroupPrudential FinancialReinsurance Group of AmericaSymetra FinancialThe Hartford Insurance GroupVoya Financial ServicesEquitable HoldingsLincoln Financial Group CorporationGlobe Life

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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