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Jun 30, 2023
Unum Q2 2023 Earnings Report
Unum Group reported second quarter 2023 results with net income of $392.9 million.
Key Takeaways
Unum Group reported a strong second quarter in 2023, marked by positive trends in disability products and a favorable operating environment. The company saw a net income of $392.9 million, with after-tax adjusted operating income at $408.8 million. Strong top-line trends with core operations sales growth of 19.5 percent and premium growth of 4.6 percent.
Net income of $392.9 million ($1.98 per diluted common share) for the second quarter of 2023; after-tax adjusted operating income was $408.8 million ($2.06 per diluted common share).
Results reflect the continuation of positive underlying trends, particularly in our disability products, and a favorable operating environment.
Strong top-line trends with core operations sales growth of 19.5 percent and premium growth of 4.6 percent on a constant currency basis.
Robust balance sheet and liquidity with holding company liquidity of $1.1 billion and weighted average risk-based capital ratio of approximately 450 percent.
Forward Guidance
Full-year 2023 outlook of an increase in after-tax adjusted operating income per share of 20 percent to 25 percent when comparing historically reported 2022 results, or an increase of 10 percent to 15 percent on a consistent basis under ASU 2018-12.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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