earnings
confidence high
sentiment positive
materiality 0.85
Unum Q1 net income $253.5M ($1.25 EPS); raises FY22 EPS growth outlook to 15-20%
Unum Group
2023-Q1 EPS reported
$1.18
revenue$2,982,500,000
- Net income $253.5M ($1.25 diluted EPS) vs $153.0M ($0.75) in Q1 2021; after-tax adjusted op income $277.3M ($1.36).
- FY22 after-tax adjusted op EPS growth outlook raised to 15-20% from prior 4-7% reflecting strong Q1 performance.
- Unum US segment adjusted op income up 48.3% to $171.6M; Colonial Life segment up 22.9% to $90.1M.
- Holding company liquidity $1.27B; RBC ratio ~400%; executed $50M ASR during Q1; lessening COVID mortality impact.