Unum Group

UNM

Equity

ISIN US91529Y1064 / Valor 822820

New York Stock Exchange, Inc (2024-12-26)

USD 73.77+0.59%

Unum Group
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About company

Unum Group is a leading provider of financial protection benefits, offering disability, life, accident, critical illness, and dental insurance products to individuals and businesses.

Summarized from source with an LLMView SourceSector: Finance

Net Income Growth

Unum Group reported a significant increase in net income for the third quarter of 2024, reaching $645.7 million, or $3.46 per diluted common share. This marks a substantial rise compared to the net income of $202.0 million, or $1.02 per diluted common share, reported in the third quarter of 2023.

Adjusted Operating Income

For the third quarter of 2024, Unum Group's after-tax adjusted operating income was $398.0 million, or $2.13 per diluted common share. This represents an increase from the $381.7 million, or $1.94 per diluted common share, recorded in the same quarter of the previous year.

Premium Growth

Unum Group experienced a 4.6 percent growth in core operations premium on a constant currency basis during the third quarter of 2024. This growth was supported by strong margins across the company's various business segments.

Balance Sheet Strength

Unum Group maintained a robust balance sheet in the third quarter of 2024, with holding company liquidity of $1.4 billion and a weighted average risk-based capital ratio of approximately 470 percent. These figures are well above the company's targets, reflecting strong financial health.

Book Value Increase

The book value per common share for Unum Group grew by 20.4 percent to $59.36 in the third quarter of 2024, compared to the same period in the previous year. Excluding accumulated other comprehensive income, the book value per common share increased by 13.3 percent to $74.15.

Summarized from source with an LLMView Source

Key figures

63.6%1Y

201%3Y

154%5Y

Performance

20.0%1Y

30.4%3Y

45.9%5Y

Volatility