Unum Group reports Q4 EPS $1.79, consensus $1.87

Reports Q4 revenue $3.15B, consensus $3.14B. “We closed 2023 with a solid fourth quarter and delivered another year of very strong performance in which we grew adjusted EPS by 23%, reflecting the fundamental strength of our business,” said Richard McKenney, president and CEO. “By executing our growth strategy throughout the year, we achieved robust premium and sales growth while delivering against our capital allocation priorities. This included de-risking our balance sheet, increasing our returns to shareholders, and ending the year with robust capital level above our targets. Looking to 2024, the drivers of demand for our solutions remain strong. We are well positioned for continued premiums and earnings growth, driving free cash flow growth and continued flexibility to pursue our capital allocation priorities, including the return of capital to our shareholders.”