Unum Q4 2021 Earnings Report
Key Takeaways
Unum Group reported a net income of $159.7 million for Q4 2021, compared to $135.4 million for Q4 2020. Adjusted operating income was $182.0 million, compared to $235.3 million in the prior year quarter. The company saw premium growth and favorable investment returns, but claims experience was elevated due to COVID-19.
Net income for the fourth quarter of 2021 was $159.7 million ($0.78 per diluted common share); after-tax adjusted operating income was $182.0 million ($0.89 per diluted common share).
Results reflect impact of high COVID-related mortality and infection levels, growth in premium income, and continued strong returns in alternative invested asset portfolio.
The company had a strong balance sheet and liquidity with holding company cash of $1.5 billion and a weighted average risk-based capital ratio of approximately 395 percent.
Capital deployment expanded with the repurchase of $50 million of shares, in addition to stable dividends.
Unum
Unum
Unum Revenue by Segment
Forward Guidance
The Company anticipates hosting a conference call on February 25, 2022 to provide its outlook for 2022. Details will be provided closer to the event.
Revenue & Expenses
Visualization of income flow from segment revenue to net income