secwatch.observer — SEC 8-K summary
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Issuer:     Unum Group (UNM)
CIK:        0000005513
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0000005513-23-000190
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/5513/000000551323000190/0000005513-23-000190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/5513/000000551323000190/unm-20231031.htm
  HTML page:      https://secwatch.observer/filing/0000005513-23-000190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer