earnings
confidence high
sentiment positive
materiality 0.85
Unum Q2 net income $370.4M ($1.83 EPS); raises FY2022 outlook to 40-45% growth
Unum Group
2022-Q2 EPS reported
$3.07
revenue$6,023,400,000
- Net income $370.4M ($1.83 diluted EPS) vs $182.9M ($0.89) in Q2 2021; after-tax adjusted operating income $386.6M ($1.91 EPS).
- Full-year 2022 after-tax adjusted operating income per share outlook raised to 40-45% growth from 15-20% previously.
- Unum US segment adjusted operating income up 64.8% to $295.4M; group life benefit ratio improved due to lower COVID mortality.
- Book value per share $48.47 (-9.5% YoY), ex-AOCI $57.32 (+9.2% YoY); holding company liquidity $1.2B, RBC ~415%.
- Repurchased ~3.1M shares in H1 2022 at cost of $94.9M; weighted avg diluted shares 202.4M.