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Mar 31, 2020
Unum Q1 2020 Earnings Report
Unum Group reported solid results with strong balance sheet and liquidity, but suspended financial guidance due to COVID-19 uncertainty and reached a resolution with the Maine Bureau of Insurance regarding long-term care business funding.
Key Takeaways
Unum Group reported a net income of $161.0 million, or $0.79 per diluted common share, for Q1 2020. After-tax adjusted operating income was $274.1 million, or $1.35 per diluted common share. The company suspended its financial guidance for the remainder of 2020 due to the uncertain economic environment caused by the COVID-19 pandemic.
Net income for the first quarter of 2020 was $161.0 million ($0.79 per diluted common share).
After-tax adjusted operating income for the first quarter of 2020 was $274.1 million ($1.35 per diluted common share).
The company has suspended its share repurchase authorization for 2020 but intends to continue paying its common stock dividend at the current rate.
Financial guidance for the remainder of 2020 has been suspended due to the uncertain economic environment caused by the COVID-19 pandemic.
Revenue by Segment
Forward Guidance
Due to the uncertain economic environment caused by the COVID-19 pandemic, the Company is suspending its financial guidance for the remainder of 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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