earnings
confidence high
sentiment positive
materiality 0.75
Unum Q4 net income $330.6M ($1.69 EPS); adjusted EPS $1.79; guides 2024 EPS growth 7-9%
Unum Group
2023-FY EPS reported
$6.50
revenue$12,385,900,000
- After-tax adjusted operating income $350.5M ($1.79 per diluted share); YoY adjusted EPS growth 23.3%.
- Unum US adjusted operating income up 47.7% to $342.1M driven by improved benefit ratios and premium growth.
- 2024 outlook: core premium growth 5-7% and after-tax adjusted operating EPS growth 7-9% vs 2023.
- Holding company cash $1.7B; weighted avg RBC ratio ~415%; book value per share $49.91 (+13.0% YoY).
- Repurchased 1.8M shares in Q4 for $76.6M; shares outstanding 193.4M at year end.