Unum Q3 adj. op. EPS $1.94 beats; net income hit by $139M LTC reserve charge

Unum Group

2023-Q3 EPS reported $4.81 revenue$9,240,800,000

Net income $202M ($1.02 diluted EPS) vs $510M ($2.53) in Q3 2022; after-tax adj. op. income $381.7M ($1.94) vs $332.3M ($1.65).
Closed block long-term care reserve assumption update added $139.3M after-tax charge ($0.71 per share) to net income.
Holding company liquidity $1.2B; RBC ratio ~470%; new $500M share repurchase authorization effective Jan 1, 2024.
Unum US adj. op. income +27.4% to $357.8M; Colonial Life adj. op. income -12.7% to $102.9M.
FY 2023 outlook: after-tax adj. op. income per share growth of 20-25% vs historically reported 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Unum Group reported the third quarter of 2023 results: net income $202.0 million ($1.02 per diluted common share).

Period: the third quarter of 2023
Net income: $202.0 million ($1.02 per diluted common share)
Result: reported results

Exact text from the filing

Unum Group (the "Company") issued a news release reporting its results for the third quarter of 2023

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Unum Group filing history →

Source: SEC EDGAR

accession 0000005513-23-000190

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