Unum Group (NYSE:UNM) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Matt Royal - SVP, IR Rick McKenney - President & CEO Steve Zabel - CFO Tim Arnold - EVP, Voluntary Benefits & President-Colonial Life Chris Pyne - EVP, Group Benefits Mark Till - CEO, Unum International Conference Call Participants Ryan Krueger - KBW Suneet Kamath - Jefferies Joel Hurwitz - Dowling & Partners Elyse Greenspan - Wells Fargo John Barnidge - Piper Sandler Jimmy Bhullar - J.P. Morgan Tom Gallaghe ...

Unum Group's (UNM) second-quarter 2024 operating net income of $2.16 per share beat the Zacks Consensus Estimate by 6.9%. The bottom line increased 4.8% year over year. The quarterly results reflected favorable recoveries in the group long-term disability product line, in-force block growth, higher sales, premium growth and improved persistency. Favorable benefit experience in the product lines also added to the upside. Total operating revenues of Unum Group were $3.2 billion, up 4.2% year over year, driven ...

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. Other Expense Ratio - Unum US Supplemental and Voluntary : 47.8% versus the 11-analyst average estimate of 49.1%. For the quarter ended June 2024, Unum (UNM) reported revenue of $3.24 billion, up 4.3% over the same period last year ...

Over the last four quarters, the company has surpassed consensus EPS estimates three times. What's Next for Unum? This quarterly report represents an earnings surprise of 6.93%. A quarter ago, it was expected that this insurance company would post earnings of $1.97 per share when it actually produced earnings of $2.12, delivering a surprise of 7.61%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on manage ...

Uก็บู้ทำGROUP® Second Quarter 2024 Statistical Supplement | --- | --- | --- | |--------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------|----------------------| | | (in millions of dollars, except share data and where noted) Interim Results are Unaudited | Page | | Financial Highlights | | 1 | | Capital Metrics | | 2 | | Ratings | | 3 | | Consolidated Statements of Income | | 4 | | Sales ...

CHATTANOOGA, Tenn., July 30, 2024 /PRNewswire/ -- Unum Group (NYSE: UNM) today reported net income of $389.5 million ($2.05 per diluted common share) for the second quarter of 2024, compared to net income of $392.9 million ($1.98 per diluted common share) for the second quarter of 2023. "Our team delivered another strong quarter as we continued to execute against our growth strategy, with contributions from across the company and particularly strong results in our Group Life business. As a result of our bet ...

CHATTANOOGA, Tenn. , July 30, 2024 /PRNewswire/ -- Unum Group (NYSE: UNM) announced today that its board of directors has approved a share repurchase program authorizing the company to repurchase up to $1 billion of its common stock from time to time beginning on August 1, 2024. The board of directors also authorized the termination of the company's current share repurchase program as of July 31, 2024. The timing and amount of share repurchases will be determined by management based on its evaluation of mar ...

Unum Group (UNM) is slated to report second-quarter 2024 earnings on Jul 30, after market close. The insurer's earnings beat estimates in three of the last four reported quarters and missed in one. Premium in the second quarter is likely to have benefited from solid persistency in the in-force business, better pricing and improved sales in most of the business segments. The Zacks Consensus Estimate is pegged at $2.6 billion. Our estimate is pegged at $2.5 billion, indicating an increase of 4.2% from the yea ...

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Zacks Consensus Estimate Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. So, ...