Unum Q3 2020 Earnings Report
Key Takeaways
Unum Group reported a solid financial performance for Q3 2020, with net income of $231.1 million and adjusted operating income of $245.9 million, despite challenges from elevated mortality rates and unemployment levels.
Net income for Q3 2020 was $231.1 million ($1.13 per diluted common share).
After-tax adjusted operating income was $245.9 million ($1.21 per diluted common share).
The company maintained a strong balance sheet with $1.2 billion in holding company cash.
Book value per common share grew 14.6 percent over the year-ago quarter, reaching $53.50.
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Unum 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