Unum Group Reports Third Quarter 2024 Results
Unum Group (UNM) reported strong Q3 2024 results with net income of $645.7 million ($3.46 per share), compared to $202.0 million ($1.02 per share) in Q3 2023. After-tax adjusted operating income was $398.0 million ($2.13 per share). Core operations premium growth increased 4.6% on a constant currency basis. The company maintains a strong balance sheet with holding company liquidity of $1.4 billion and a weighted average risk-based capital ratio of 470%. Book value per share grew 20.4% to $59.36 year-over-year. The company completed annual GAAP reserve assumption updates, resulting in a before-tax net reserve decrease of $357.4 million.
Unum Group (UNM) ha riportato risultati solidi per il terzo trimestre del 2024 con un reddito netto di 645,7 milioni di dollari (3,46 dollari per azione), rispetto ai 202,0 milioni di dollari (1,02 dollari per azione) nel terzo trimestre del 2023. Il reddito operativo corretto dopo le tasse è stato di 398,0 milioni di dollari (2,13 dollari per azione). La crescita dei premi delle operazioni core è aumentata del 4,6% su base di valuta costante. L'azienda mantiene un bilancio solido con una liquidità della holding di 1,4 miliardi di dollari e un rapporto di capitale ponderato medio basato sul rischio del 470%. Il valore contabile per azione è aumentato del 20,4% a 59,36 dollari rispetto all'anno precedente. L'azienda ha completato gli aggiornamenti annuali delle assunzioni di riserve GAAP, risultando in una diminuzione della riserva netta prima delle tasse di 357,4 milioni di dollari.
Unum Group (UNM) reportó resultados sólidos para el tercer trimestre de 2024 con un ingreso neto de $645.7 millones ($3.46 por acción), comparado con $202.0 millones ($1.02 por acción) en el tercer trimestre de 2023. El ingreso operativo ajustado después de impuestos fue de $398.0 millones ($2.13 por acción). El crecimiento de las primas de las operaciones centrales aumentó un 4.6% en base a moneda constante. La compañía mantiene un balance sólido con una liquidez de la empresa matriz de $1.4 mil millones y un ratio promedio ponderado de capital basado en riesgo del 470%. El valor en libros por acción creció un 20.4% a $59.36 interanual. La compañía completó las actualizaciones anuales de las asunciones de reservas GAAP, resultando en una disminución neta de reservas antes de impuestos de $357.4 millones.
유넘 그룹 (UNM)은 2024년 3분기 실적이 강세를 보이며 순익이 6억 4천 570만 달러 (주당 3.46 달러)로, 2023년 3분기의 2억 2천만 달러 (주당 1.02 달러)와 비교되었다. 세후 조정 운영 소득은 3억 9천 800만 달러 (주당 2.13 달러)였다. 핵심 사업의 프리미엄 성장률은 상수환율 기준으로 4.6% 증가하였다. 회사는 14억 달러의 유동성을 가진 건전한 대차대조표를 유지하고 있으며, 위험 기반 평균 자본 비율은 470%이다. 주당 장부 가치는 전년 대비 20.4% 증가하여 59.36 달러에 이르렀다. 회사는 GAAP 준비금 가정 업데이트를 완료하여 세전 순 준비금이 3억 5천 740만 달러 감소하였다.
Unum Group (UNM) a rapporté de solides résultats pour le troisième trimestre 2024 avec un revenu net de 645,7 millions de dollars (3,46 dollars par action), contre 202,0 millions de dollars (1,02 dollar par action) au troisième trimestre 2023. Le revenu opérationnel ajusté après impôts était de 398,0 millions de dollars (2,13 dollars par action). La croissance des primes des opérations principales a augmenté de 4,6 % sur une base de monnaie constante. L'entreprise maintient un bilan solide avec une liquidité de la société holding de 1,4 milliard de dollars et un ratio de capital à risque moyen pondéré de 470 %. La valeur comptable par action a augmenté de 20,4 % pour atteindre 59,36 dollars d'une année sur l'autre. L'entreprise a complété les mises à jour annuelles des hypothèses de réserve GAAP, résultant en une diminution de la réserve nette avant impôts de 357,4 millions de dollars.
Unum Group (UNM) berichtete über starke Ergebnisse im 3. Quartal 2024 mit einem Nettogewinn von 645,7 Millionen Dollar (3,46 Dollar pro Aktie), verglichen mit 202,0 Millionen Dollar (1,02 Dollar pro Aktie) im 3. Quartal 2023. Der nach Steuern angepasste Betriebsgewinn betrug 398,0 Millionen Dollar (2,13 Dollar pro Aktie). Das Wachstum der Prämien aus den Kernoperationen stieg um 4,6 % bei konstanter Währungsbasis. Das Unternehmen weist eine solide Bilanz auf, mit einer Liquidität der Holdinggesellschaft von 1,4 Milliarden Dollar und einem gewichteten durchschnittlichen risikobasierten Kapitalverhältnis von 470 %. Der Buchwert pro Aktie wuchs um 20,4 % auf 59,36 Dollar im Jahresvergleich. Das Unternehmen hat die jährlichen Aktualisierungen der GAAP-Rückstellungsannahmen abgeschlossen, was zu einem Rückgang der Netto-Rückstellung vor Steuern um 357,4 Millionen Dollar führte.
- Net income increased significantly to $645.7M from $202.0M YoY
- Core operations premium growth of 4.6% on constant currency basis
- Strong balance sheet with $1.4B holding company liquidity
- Book value per share grew 20.4% YoY to $59.36
- Favorable reserve assumption updates resulting in $357.4M decrease
- Net investment income declined 3.1% in Unum US segment
- Group disability sales decreased 33.3% for long-term and 47.9% for short-term
- Higher benefit ratios in several product lines indicating increased claims
Insights
The Q3 2024 results demonstrate robust performance with several key highlights: Net income surged to
Notable strengths include a healthy balance sheet with
However, some segments showed mixed results. While Group Life performed exceptionally well with an
The results reveal strong fundamentals in Unum's core business model. The
A significant positive indicator is the favorable long-term care experience, historically a challenging area for insurers. The reduction in reserves suggests improved risk management and better-than-expected claims experience. The
-
Net income of
$645.7 million $3.46 $398.0 million $2.13
- Growing top-line with core operations premium growth of 4.6 percent on a constant currency basis, and continued strong margins across our businesses.
-
Strong balance sheet with holding company liquidity of
$1.4 billion $315.6 million
-
Book value per common share of
$59.36 $74.15
-
Completed our annual GAAP reserve assumption updates; positive trends in long-term care and other product lines drove a before-tax net reserve decrease of
$357.4 million
Unum Group (Photo: Business Wire)
Included in net income for the third quarter of 2024 are the after-tax amortization of the cost of reinsurance of
“Our third quarter results demonstrated the broad-based solid performance that we have shown throughout 2024. We continued to execute on our strategy, resulting in growth in premiums and operating income, with particularly strong performance within Group Life,” said Richard P. McKenney, president and chief executive officer. “As we enter the fourth quarter, we are well positioned. The market environment remains favorable, and we continue to invest in the growth of our business while returning capital to our shareholders. We remain confident in our ability to achieve our full year 2024 earnings outlook.”
RESULTS BY SEGMENT
We measure and analyze our segment performance on the basis of "adjusted operating income" or "adjusted operating loss", which differ from income before income tax as presented in our consolidated statements of income due to the exclusion of investment gains and losses, amortization of cost of reinsurance, the impact of non-contemporaneous reinsurance, reserve assumption updates, and certain other items as specified in the reconciliations below. Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, and gains or losses on derivatives. Reserve assumption updates may result in increases or decreases to earnings. These performance measures are in accordance with GAAP guidance for segment reporting, but they should not be viewed as a substitute for income before income tax, net income or net loss.
Unum US Segment
Unum US reported adjusted operating income of
Within the Unum US operating segment, the group disability line of business reported a 7.9 percent decrease in adjusted operating income to
The group life and accidental death and dismemberment line of business reported a 80.8 percent increase in adjusted operating income to
The supplemental and voluntary line of business reported a decrease of 17.0 percent in adjusted operating income to
Unum International Segment
The Unum International segment reported adjusted operating income of
The Unum
Colonial Life Segment
Colonial Life reported adjusted operating income of
Closed Block Segment
The Closed Block segment reported adjusted operating income of
Policy benefits including remeasurement loss (gain), excluding the impacts of non-contemporaneous reinsurance and the reserve assumption updates, for the Closed Block segment were generally consistent during the third quarter of 2024 relative to the same period of 2023. The net premium ratio for the long-term care product line increased to 94.5 percent at September 30, 2024 from 93.4 percent at September 30, 2023, due primarily to policyholder terminations and the assumption updates in the third quarter of 2024. Compared to June 30, 2024, the net premium ratio increased from 93.7 percent to 94.5 percent due to the assumption updates in the third quarter of 2024. Overall claim experience for long-term care continued to improve sequentially, as expected.
Corporate Segment
The Corporate segment reported an adjusted operating loss of
OTHER INFORMATION
Shares Outstanding
The Company’s weighted average number of shares outstanding, assuming dilution, was 186.9 million for the third quarter of 2024, compared to 197.1 million for the third quarter of 2023. Shares outstanding totaled 184.5 million at September 30, 2024. During the third quarter of 2024, the Company repurchased 3.7 million shares at a total cost of
Capital Management
At September 30, 2024, the weighted average risk-based capital ratio for the Company’s traditional
Book Value
Book value per common share as of September 30, 2024 was
Effective Tax Rate
The effective tax rate on adjusted operating earnings was 20.7 percent in the third quarter of 2024.
Outlook
Full-year 2024 outlook of an increase in after-tax adjusted operating income per share of 10 percent to 15 percent when comparing to full-year 2023.
NON-GAAP FINANCIAL MEASURES
We analyze our performance using non-GAAP financial measures. A non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP. We believe the following non-GAAP financial measures are better performance measures and better indicators of the revenue and profitability and underlying trends in our business:
- After-tax adjusted operating income or loss, which excludes investment gains or losses, amortization of the cost of reinsurance, non-contemporaneous reinsurance, reserve assumption updates, as well as certain other items, as applicable;
- Book value per common share, which is calculated excluding AOCI.
Investment gains or losses primarily include realized investment gains or losses, expected investment credit losses, and gains or losses on derivatives. Investment gains or losses and unrealized gains or losses on securities depend on market conditions and do not necessarily relate to decisions regarding the underlying business of our Company. We believe after-tax adjusted operating income is a better performance measure and better indicator of the profitability and underlying trends in our business. Book value per common share excluding AOCI provides a more comparable and consistent view of our results, as AOCI tends to fluctuate depending on market conditions and general economic trends.
Cash flow assumptions used to calculate our liability for future policy benefits are reviewed at least annually and updated, as needed, with the resulting impact reflected in net income. While the effects of these assumption updates are recorded in the reporting period in which the review is completed, these updates reflect experience emergence and changes to expectations spanning multiple periods. We believe that by excluding the impact of reserve assumption updates we are providing a more comparable and consistent view of our quarterly results.
We exited a substantial portion of our Closed Block individual disability product line through the two phases of the reinsurance transaction that were executed in December 2020 and March 2021. As a result, we exclude the amortization of the cost of reinsurance that we recognized upon the exit of the business related to the policies on claim status as well as the impact of non-contemporaneous reinsurance that resulted from the adoption of Accounting Standards Update 2018-12 (ASU 2018-12). Due to the execution of the second phase of the reinsurance transaction occurring after January 1, 2021, the transition date of ASU 2018-12, in accordance with the provisions of the ASU related to non-contemporaneous reinsurance, we were required to establish the ceded reserves using an upper-medium grade fixed-income instrument as of the reinsurance transaction date in March 2021, which resulted in higher ceded reserves compared to that which was reported historically. However, the direct reserves for the block reinsured in the second phase were calculated using the original discount rate utilized as of the transition date. Both the direct and ceded reserves are then remeasured at each reporting period using a current discount rate reflective of an upper-medium grade fixed-income instrument, with the changes recognized in other comprehensive income (loss). While the total equity impact is neutral, the different original discount rates utilized for direct and ceded reserves result in disproportionate earnings impacts. The impact of non-contemporaneous reinsurance will fluctuate depending on the magnitude of reserve changes during the period. We believe that the exclusion of these items provides a better view of our results from our ongoing businesses.
We may at other times exclude certain other items from our discussion of financial ratios and metrics in order to enhance the understanding and comparability of our operational performance and the underlying fundamentals, but this exclusion is not an indication that similar items may not recur and does not replace net income or net loss as a measure of our overall profitability.
CONFERENCE CALL INFORMATION
Members of Unum Group senior management will host a conference call on Wednesday, October 30, 2024, at 8:00 am (Eastern Time) to discuss the results of operations for the third quarter of 2024. Topics may include forward-looking information, such as the Company’s outlook on future results, trends in operations, and other material information.
To receive dial in information for the call, please register in advance by using the following URL:
https://registrations.events/direct/Q4I3307929. Upon registration you will receive a dial-in number to use to access the event. It is recommended that you register at least 10 minutes before the start of the event. In addition, a live webcast of the call will also be available at www.investors.unum.com in a listen-only mode. It is recommended that webcast viewers access the “Investors” section of the Company’s website and opt-in to the webcast approximately 5-10 minutes prior to the start of the call. A replay of the webcast will be available on the Company's website. A replay of the call will also be available through Wednesday, November 6 by using the registration URL noted above.
In conjunction with today’s earnings announcement, the Company’s Statistical Supplement for the third quarter of 2024 is available on the “Investors” section of the Company’s website.
ABOUT UNUM GROUP
Unum Group (NYSE: UNM), a leading international provider of workplace benefits and services, has been helping workers and their families thrive for more than 175 years. Through its Unum and Colonial Life brands, the company offers disability, life, accident, critical illness, dental, and vision insurance; leave and absence management support; and behavioral health services. In 2023, Unum Group reported revenues of more than
Visit the Unum Group newsroom (https://www.unumgroup.com/newsroom) for more information, and connect with us on LinkedIn (https://www.linkedin.com/company/unum), Facebook (https://www.facebook.com/unumbenefits/), and Instagram (https://www.instagram.com/unumbenefits/).
SAFE HARBOR STATEMENT
Certain information in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those not based on historical information, but rather relate to our outlook, future operations, strategies, financial results, or other developments and speak only as of the date made. These forward-looking statements, including statements about anticipated growth in after-tax adjusted operating income per share, are subject to numerous assumptions, risks, and uncertainties, many of which are beyond our control. The following factors, in addition to other factors mentioned from time to time, may cause actual results to differ materially from those contemplated by the forward-looking statements: (1) fluctuation in insurance reserve liabilities and claim payments due to changes in claim incidence, recovery rates, mortality and morbidity rates, and policy benefit offsets due to, among other factors, the rate of unemployment and consumer confidence, the emergence of new diseases, epidemics, or pandemics, new trends and developments in medical treatments, the effectiveness of our claims operational processes, and changes in governmental programs; (2) sustained periods of low interest rates; (3) unfavorable economic or business conditions, both domestic and foreign, that may result in decreases in sales, premiums, or persistency, as well as unfavorable claims activity or unfavorable returns on our investment portfolio; (4) the impact of pandemics and other public health issues on our business, financial position, results of operations, liquidity and capital resources, and overall business operations; (5) changes in, or interpretations or enforcement of, laws and regulations; (6) a cybersecurity attack or other security breach resulting in compromised data or the unauthorized acquisition of confidential data; (7) the failure of our business recovery and incident management processes to resume our business operations in the event of a natural catastrophe, cybersecurity attack, or other event; (8) investment results, including, but not limited to, changes in interest rates, defaults, changes in credit spreads, impairments, and the lack of appropriate investments in the market which can be acquired to match our liabilities; (9) increased competition from other insurers and financial services companies due to industry consolidation, new entrants to our markets, or other factors; (10) ineffectiveness of our derivatives hedging programs due to changes in forecasted cash flows, the economic environment, counterparty risk, ratings downgrades, capital market volatility, changes in interest rates, and/or regulation; (11) changes in our financial strength and credit ratings; (12) actual experience in the broad array of our products that deviates from our assumptions used in pricing, underwriting, and reserving; (13) Our ability to hire and retain qualified employees; (14) our ability to develop digital capabilities or execute on our technology systems upgrades or replacements; (15) availability of reinsurance in the market and the ability of our reinsurers to meet their obligations to us; (16) ability to generate sufficient internal liquidity and/or obtain external financing; (17) damage to our reputation due to, among other factors, regulatory investigations, legal proceedings, external events, and/or inadequate or failed internal controls and procedures; (18) disruptions to our business or our ability to leverage data caused by the use and reliance on third-party vendors, including vendors providing web and cloud-based applications; (19) recoverability and/or realization of the carrying value of our intangible assets, long-lived assets, and deferred tax assets; (20) effectiveness of our risk management program; (21) contingencies and the level and results of litigation; (22) fluctuation in foreign currency exchange rates; and (23) our ability to meet environmental, social, and governance standards and expectations of investors, regulators, customers, and other stakeholders.
For further discussion of risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Part 1, Item 1A “Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2023. The forward-looking statements in this news release are being made as of the date of this news release, and we expressly disclaim any obligation to update or revise any forward-looking statement contained herein, even if made available on our website or otherwise.
Unum Group |
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FINANCIAL HIGHLIGHTS |
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(Unaudited) |
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($ in millions, except share data) |
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Three Months Ended September 30 |
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Nine Months Ended September 30 |
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2024 |
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2023 |
|
2024 |
|
2023 |
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Revenue |
|
|
|
|
|
|
|
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Premium Income |
$ |
2,628.8 |
|
|
$ |
2,525.9 |
|
|
$ |
7,866.3 |
|
|
$ |
7,494.3 |
|
Net Investment Income |
|
527.8 |
|
|
|
526.0 |
|
|
|
1,586.4 |
|
|
|
1,565.9 |
|
Net Investment Loss |
|
(12.9 |
) |
|
|
(31.0 |
) |
|
|
(24.5 |
) |
|
|
(30.0 |
) |
Other Income |
|
73.3 |
|
|
|
71.6 |
|
|
|
222.5 |
|
|
|
210.6 |
|
Total Revenue |
|
3,217.0 |
|
|
|
3,092.5 |
|
|
|
9,650.7 |
|
|
|
9,240.8 |
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Benefits and Expenses |
|
|
|
|
|
|
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Policy Benefits Including Remeasurement Loss or Gain |
|
1,461.9 |
|
|
|
1,947.0 |
|
|
|
5,056.7 |
|
|
|
5,437.0 |
|
Commissions |
|
315.1 |
|
|
|
289.7 |
|
|
|
947.8 |
|
|
|
869.7 |
|
Interest and Debt Expense |
|
49.2 |
|
|
|
48.6 |
|
|
|
148.6 |
|
|
|
145.6 |
|
Deferral of Acquisition Costs |
|
(163.3 |
) |
|
|
(153.3 |
) |
|
|
(495.3 |
) |
|
|
(467.5 |
) |
Amortization of Deferred Acquisition Costs |
|
133.8 |
|
|
|
129.1 |
|
|
|
387.9 |
|
|
|
358.7 |
|
Other Expenses |
|
605.7 |
|
|
|
569.7 |
|
|
|
1,799.2 |
|
|
|
1,685.9 |
|
Total Benefits and Expenses |
|
2,402.4 |
|
|
|
2,830.8 |
|
|
|
7,844.9 |
|
|
|
8,029.4 |
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|
|
|
|
|
|
|
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Income Before Income Tax |
|
814.6 |
|
|
|
261.7 |
|
|
|
1,805.8 |
|
|
|
1,211.4 |
|
Income Tax Expense |
|
168.9 |
|
|
|
59.7 |
|
|
|
375.4 |
|
|
|
258.2 |
|
|
|
|
|
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Net Income |
$ |
645.7 |
|
|
$ |
202.0 |
|
|
$ |
1,430.4 |
|
|
$ |
953.2 |
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PER SHARE INFORMATION |
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Net Income Per Common Share |
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Basic |
$ |
3.46 |
|
|
$ |
1.03 |
|
|
$ |
7.54 |
|
|
$ |
4.83 |
|
Assuming Dilution |
$ |
3.46 |
|
|
$ |
1.02 |
|
|
$ |
7.52 |
|
|
$ |
4.81 |
|
|
|
|
|
|
|
|
|
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Weighted Average Common Shares - Basic (000s) |
|
186,400.7 |
|
|
|
196,083.2 |
|
|
|
189,665.1 |
|
|
|
197,289.5 |
|
Weighted Average Common Shares - Assuming Dilution (000s) |
|
186,882.4 |
|
|
|
197,131.8 |
|
|
|
190,209.7 |
|
|
|
198,295.1 |
|
Outstanding Shares - (000s) |
|
|
|
|
|
184,501.2 |
|
|
|
195,017.0 |
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Reconciliation of Non-GAAP Financial Measures |
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Three Months Ended September 30 |
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|
2024 |
|
2023 |
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(in millions) |
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per share * |
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(in millions) |
|
per share * |
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Net Income |
$ |
645.7 |
|
|
$ |
3.46 |
|
|
$ |
202.0 |
|
|
$ |
1.02 |
|
Excluding: |
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|
|
|
|
|
|
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Net Investment Loss (net of tax benefit of |
|
(9.8 |
) |
|
|
(0.05 |
) |
|
|
(24.4 |
) |
|
|
(0.13 |
) |
Amortization of the Cost of Reinsurance (net of tax benefit of |
|
(8.2 |
) |
|
|
(0.04 |
) |
|
|
(8.7 |
) |
|
|
(0.04 |
) |
Non-Contemporaneous Reinsurance (net of tax benefit of |
|
(4.8 |
) |
|
|
(0.03 |
) |
|
|
(7.3 |
) |
|
|
(0.04 |
) |
Reserve Assumption Updates (net of tax expense (benefit) of |
|
282.6 |
|
|
|
1.51 |
|
|
|
(139.3 |
) |
|
|
(0.71 |
) |
Loss on Legal Settlement (net of tax benefit |
|
(12.1 |
) |
|
|
(0.06 |
) |
|
|
— |
|
|
|
— |
|
After-tax Adjusted Operating Income |
$ |
398.0 |
|
|
$ |
2.13 |
|
|
$ |
381.7 |
|
|
$ |
1.94 |
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* Assuming Dilution |
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|
September 30 |
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|
2024 |
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2023 |
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|
(in millions) |
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per share |
|
(in millions) |
|
per share |
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Total Stockholders' Equity (Book Value) |
$ |
10,951.4 |
|
|
$ |
59.36 |
|
|
$ |
9,618.1 |
|
|
$ |
49.32 |
|
Excluding: |
|
|
|
|
|
|
|
||||||||
Net Unrealized Loss on Securities |
|
(1,491.2 |
) |
|
|
(8.08 |
) |
|
|
(3,948.4 |
) |
|
|
(20.25 |
) |
Effect of Change in Discount Rate Assumptions on the Liability for Future Policy Benefits |
|
(527.0 |
) |
|
|
(2.86 |
) |
|
|
1,688.5 |
|
|
|
8.66 |
|
Net Loss on Derivatives |
|
(108.9 |
) |
|
|
(0.59 |
) |
|
|
(177.7 |
) |
|
|
(0.91 |
) |
Subtotal |
|
13,078.5 |
|
|
|
70.89 |
|
|
|
12,055.7 |
|
|
|
61.82 |
|
Excluding: |
|
|
|
|
|
|
|
||||||||
Foreign Currency Translation Adjustment |
|
(259.9 |
) |
|
|
(1.40 |
) |
|
|
(382.2 |
) |
|
|
(1.95 |
) |
Subtotal |
|
13,338.4 |
|
|
|
72.29 |
|
|
|
12,437.9 |
|
|
|
63.77 |
|
Excluding: |
|
|
|
|
|
|
|
||||||||
Unrecognized Pension and Postretirement Benefit Costs |
|
(342.7 |
) |
|
|
(1.86 |
) |
|
|
(330.8 |
) |
|
|
(1.70 |
) |
Total Stockholders' Equity, Excluding Accumulated Other Comprehensive Loss |
$ |
13,681.1 |
|
|
$ |
74.15 |
|
|
$ |
12,768.7 |
|
|
$ |
65.47 |
|
|
|
Three Months Ended |
|||||||||
|
|
September 30,
|
|
September 30, 2023 |
|||||||
|
|
Premium Income |
|
Premium Income
|
|
Weighted Average
|
|
Premium Income
|
|||
|
|
|
|
|
|||||||
|
|
|
|
|
|||||||
Unum International |
|
|
|
|
|
|
|
|
|||
Unum |
|
$ |
206.8 |
|
£ |
142.2 |
|
1.301 |
|
$ |
185.0 |
Unum Poland |
|
|
39.8 |
|
zł |
126.9 |
|
0.257 |
|
|
32.6 |
Total |
|
|
246.6 |
|
|
|
|
|
|
217.6 |
|
Unum US |
|
|
1,723.5 |
|
$ |
1,657.7 |
|
|
|
|
1,657.7 |
Colonial Life |
|
|
441.9 |
|
$ |
431.2 |
|
|
|
|
431.2 |
Core Operations |
|
$ |
2,412.0 |
|
|
|
|
|
$ |
2,306.5 |
|
1Premium income shown in millions of pounds for Unum |
|||||||||||
2Exchange rate is calculated using the average foreign currency exchange rates for the most recent period, applied to the comparable prior period. |
|||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20241029887090/en/
Media Contact:
Emily Downing
edowning@unum.com
Investor Relations
Matt Royal
investorrelations@unum.com
Source: Unum Group
FAQ
What was Unum Group's (UNM) net income in Q3 2024?
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