Unum Q3 2021 Earnings Report
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.
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Unum Revenue by Segment
Forward Guidance
Unum will not provide an outlook for the remainder of 2021 and intends to provide a financial outlook for 2022 during the first quarter of next year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income