earnings
confidence high
sentiment positive
materiality 0.85
Unum Group Q3 net income $645.7M ($3.46); adj. EPS $2.13, guides FY +10-15%
Unum Group
2024-Q3 EPS reported
$7.52
revenue$9,650,700,000
- Net income $645.7M ($3.46 diluted) vs $202.0M ($1.02) in Q3 2023; after-tax adj. operating income $398.0M ($2.13) vs $381.7M ($1.94).
- Core operations premium growth 4.6% constant currency; Unum US premium +4.0%, International +17.1%, Colonial Life +2.5%.
- Group life segment adj. operating income surged 80.8% to $94.0M; group disability fell 7.9% to $156.7M.
- Book value per share $59.36 (+20.4% YoY); ex-AOCI $74.15 (+13.3%); RBC ratio ~470%; holding company liquidity $1.4B.
- FY2024 outlook: after-tax adjusted operating EPS growth 10-15% over FY2023; repurchased 3.7M shares for $202M in Q3.