Unum Group ( (UNM) ) has released its Q1 earnings. Here is a breakdown of the information Unum Group presented to its investors.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Unum Group is a leading provider of workplace benefits and services, offering a range of insurance products and management support, primarily in the insurance sector. The company is recognized for its ethical practices and has a significant presence in the U.S. and international markets.
In the first quarter of 2025, Unum Group reported a net income of $189.1 million, a decrease from the previous year’s $395.2 million. Despite this decline, the company showed strong premium growth and maintained a robust balance sheet with substantial liquidity and capital strength.
Key financial metrics revealed a 4.2% growth in core operations premium on a constant currency basis. The Unum US segment experienced a decrease in adjusted operating income, while the Unum International segment saw a slight increase. The Colonial Life segment reported a modest rise in adjusted operating income, driven by increased premium income and investment returns. The company’s book value per share also showed significant growth compared to the previous year.
Looking forward, Unum Group remains focused on executing its growth strategy and returning capital to shareholders. The management anticipates a 6% to 10% increase in after-tax adjusted operating income per share for the full year 2025, reflecting confidence in the company’s strategic direction and financial health.