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Jun 30, 2024
Unum Q2 2024 Earnings Report
Unum Group reported strong Q2 2024 results with growth in core operations and increased full-year outlook.
Key Takeaways
Unum Group reported a net income of $389.5 million for Q2 2024. The company's core operations premium grew by 5.4 percent on a constant currency basis, and the full-year 2024 outlook for after-tax adjusted operating earnings per share increased to 10 percent to 15 percent. A new share repurchase authorization of $1.0 billion was approved, and $248.8 million was deployed to shareholders through share repurchases and dividends.
Net income for the second quarter of 2024 was $389.5 million, or $2.05 per diluted common share.
After-tax adjusted operating income was $411.4 million, or $2.16 per diluted common share.
Core operations premium growth of 5.4 percent on a constant currency basis.
Full-year 2024 outlook for after-tax adjusted operating earnings per share increased to 10 percent to 15 percent.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Full-year 2024 outlook increased due to the strong first half of the year, and the expectations that trends will continue for the second half of 2024. Previous outlook of an increase in after-tax adjusted operating income per share of 7 percent to 9 percent increased to 10 percent to 15 percent.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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