Unum Group (UNM) Tops Q2 EPS by 4c

Unum Group (NYSE: UNM) reported Q2 EPS of $1.30, $0.04 better than the analyst estimate of $1.26. Revenue for the quarter came in at $2.89 billion versus the consensus estimate of $2.9 billion.

“Second quarter results for the Company were solid, with continued favorable fundamentals driving our core business segments,” said Richard P. McKenney, president and chief executive officer. “We benefitted from good premium growth and overall favorable benefits experience, combined with a lower tax rate.”

“During the quarter, we accelerated our reserve studies for our long-term care block of business,” added McKenney. “Given the current market sentiment around this line of business throughout our industry, we will look to finalize this work in the third quarter to provide greater clarity to our shareholders.”

Outlook

The Company continues to expect after-tax adjusted operating income growth per share, excluding any impact from an increase of its long-term care reserves, for full-year 2018 to be within the range of 17 percent to 23 percent.

For earnings history and earnings-related data on Unum Group (UNM) click here.

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