Unum Q4 2022 Earnings Report
Key Takeaways
Unum Group reported a net income of $279.6 million for Q4 2022, compared to $159.7 million for Q4 2021. The results reflect strong operating performance and favorable trends, with growth in after-tax adjusted operating income per diluted common share.
Net income of $279.6 million ($1.39 per diluted common share) for the fourth quarter of 2022; after-tax adjusted operating income was $286.7 million ($1.43 per diluted common share).
Results reflect strong operating performance and the continuation of favorable trends seen throughout 2022; growth in full year 2022 after-tax adjusted operating income per diluted common share of 42.8 percent.
Strong core operations sales growth of 16.8 percent and stable persistency supporting premium growth of nearly 4 percent on a constant currency basis.
Robust balance sheet and liquidity with holding company cash of $1.6 billion and weighted average risk-based capital ratio of approximately 420 percent.
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Unum Revenue by Segment
Forward Guidance
The company will hold its 2023 outlook meeting on Thursday, February 23, 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income