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Dec 31, 2024
Unum Q4 2024 Earnings Report
Unum Group reported solid growth and sustained margins, driven by robust demand and disciplined capital allocation.
Key Takeaways
Unum Group reported a net income of $348.7 million for Q4 2024, with an after-tax adjusted operating income of $368.9 million. The company's results reflect solid growth and sustained margins, supported by a favorable operating environment. Looking ahead to 2025, Unum Group anticipates continued positive business trends.
Net income reached $348.7 million ($1.92 per diluted common share) for Q4 2024; after-tax adjusted operating income was $368.9 million ($2.03 per diluted common share).
Full year results reflect solid growth and sustained margins supported by the favorable operating environment; full year core operations premium growth of 5.0 percent on a constant currency basis and full year after-tax adjusted operating earnings per share growth of 10.2 percent when comparing to 2023.
Balance sheet and liquidity remained robust with holding company liquidity of $2.0 billion and a weighted average risk-based capital ratio of approximately 430 percent.
Book value per common share of $61.38 increased 23.0 percent compared to the year-ago quarter; book value per common share excluding accumulated other comprehensive income (loss) (AOCI) grew 12.7 percent over the year-ago quarter to $75.51.
Revenue by Segment
Forward Guidance
Full-year 2025 outlook of an increase in after-tax adjusted operating income per share of 8 percent to 12 percent when comparing to the full-year 2024 result of $8.44 per share.
Positive Outlook
- Anticipated growth in after-tax adjusted operating income per share of 8% to 12% compared to the full-year 2024 result.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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