earnings
confidence high
sentiment positive
materiality 0.80
Unum Q2 net income $392.9M ($1.98 EPS), adjusted op income $2.06 EPS; raises FY guidance
Unum Group
2023-Q2 EPS reported
$3.78
revenue$6,148,300,000
- Net income $392.9M ($1.98 diluted EPS); after-tax adjusted operating income $408.8M ($2.06 diluted EPS).
- Core sales growth 19.5%; premium growth 4.6% constant currency; book value per share $47.06, up 21% YoY.
- Unum US adjusted op income up 17.5% to $343.1M; group disability up 51.5% to $159.8M.
- FY2023 outlook: after-tax adjusted EPS growth 20-25% vs reported 2022 (or 10-15% on consistent ASU basis).
- Holding company liquidity $1.1B; weighted average RBC ratio ~450%; repurchased 1.1M shares for $47M in Q2.