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Jun 30, 2020
Unum Q2 2020 Earnings Report
Reported net income for the second quarter of 2020.
Key Takeaways
Unum Group reported a net income of $265.5 million for the second quarter of 2020. After-tax adjusted operating income was $250.1 million. The company's core business segments experienced 1.7 percent growth in premium income. High mortality was seen in group life, voluntary life, and long-term care due to the current pandemic.
Net income of $265.5 million ($1.30 per diluted common share) for the second quarter of 2020; after-tax adjusted operating income was $250.1 million ($1.23 per diluted common share).
Strong balance sheet and liquidity with holding company cash of $1.6 billion; weighted average risk-based capital ratio of approximately 370 percent.
After-tax adjusted operating statutory income of $327.0 million for the second quarter of 2020.
Core business segments generated 1.7 percent growth in premium income despite a challenging environment for sales.
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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