earnings
confidence high
sentiment positive
materiality 0.80
Unum Q1 net income $395.2M ($2.04 EPS) beats year ago; raises dividend 15% to $0.42 quarterly
Unum Group
2024-Q1 EPS reported
$2.04
revenue$3,200,300,000
- Net income $395.2M ($2.04 diluted EPS) vs $358.3M ($1.80) in Q1 2023; after-tax adj. op. income $409.9M ($2.12).
- Core premium growth 6.6% constant currency; Unum US adj. op. income up 23.3%, driven by group disability and group life.
- Dividend increased 15% to $0.42/quarter ($1.68 annual), effective Q3 2024.
- Repurchased 2.5M shares for $123M; book value per share $53.38, up 13.9% YoY.
- FY2024 outlook: after-tax adjusted op. income per share up 7-9% vs 2023.