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Sep 30, 2023
Unum Q3 2023 Earnings Report
Unum Group reported strong Q3 2023 results driven by excellent execution and favorable market conditions.
Key Takeaways
Unum Group reported a net income of $202 million for Q3 2023. The results reflect continued strong execution, positive underlying trends, and a favorable environment, highlighted by robust disability margins and core operations premium growth. The company's capital deployment plans are on track and will accelerate in 2024.
Net income was $202.0 million ($1.02 per diluted common share) for Q3 2023; after-tax adjusted operating income was $381.7 million ($1.94 per diluted common share).
Core operations premium growth of 6.1 percent on a constant currency basis.
Holding company liquidity was $1.2 billion and weighted average risk-based capital ratio was approximately 470 percent.
New share repurchase authorization of $500 million beginning January 1, 2024.
Revenue by Segment
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 to historically reported 2022 results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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