• Unum Group average return on tangible equity for 2023 was 15.89, a 21.58% decline from 2022.
• Unum Group average return on tangible equity for 2022 was 13.07, a 68.21% increase from 2021.
• Unum Group average return on tangible equity for 2021 was 7.77, a 17.86% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.