Unum Q3 2021 Earnings Report

Reported net income and adjusted operating income, reflecting COVID-related mortality, sales and premium growth, and strong returns in alternative invested asset portfolio.

Key Takeaways

Unum Group reported a net income of $328.6 million for Q3 2021, compared to $231.1 million for Q3 2020. After-tax adjusted operating income was $210.5 million ($1.03 per diluted common share) in Q3 2021, compared to $245.9 million ($1.21 per diluted common share) in Q3 2020.

Net income of $328.6 million ($1.60 per diluted common share) for the third quarter of 2021; after-tax adjusted operating income was $210.5 million ($1.03 per diluted common share).

Results reflect higher COVID-related mortality and evolving nature of the pandemic, growth in sales and premium, and continued strong returns in alternative invested asset portfolio.

Strong balance sheet and liquidity with holding company cash of $1.6 billion; weighted average risk-based capital ratio of approximately 380 percent.

Robust capital position enables balanced capital deployment plans, with the previously announced share repurchase authorization.

Risk-Based Capital Ratio

380%