{"id":16183,"date":"2019-07-31T01:00:00","date_gmt":"2019-07-31T05:00:00","guid":{"rendered":"https:\/\/insurancenewsnet.com\/?post_type=oarticle&amp;p=4385173"},"modified":"2019-07-31T01:00:00","modified_gmt":"2019-07-31T05:00:00","slug":"unum-profits-rise-4-6-beating-analysts-forecasts","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/07\/31\/unum-profits-rise-4-6-beating-analysts-forecasts\/","title":{"rendered":"Unum Profits Rise 4.6%, Beating Analysts Forecasts"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"https:\/\/insurancenewsnet.com\/wp-content\/uploads\/2018\/04\/inn-og-default.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div class=\"push-box\">\n<div class=\"author-info\">\n<span class=\"publication\">Chattanooga Times Free Press (TN)<\/span>\n<\/div>\n<div class=\"article-content\">\n<div> <span><\/p>\n<p> <span><\/p>\n<p><\/span> <\/p>\n<p><\/span> <span><br \/>\n <span><\/p>\n<p><\/span><br \/>\n<\/span> <\/p>\n<p> <span><\/p>\n<p><\/span> <\/p>\n<div>\n<p>Jul. 30&#8211;Unum Group reported a 4.6% gain in its after-tax adjusted operating earnings during the second quarter as premium income grew another 6.8% in Unum&#8217;s core business, helping the company to beat analysts&#8217; forecasts for the period by a penny per share.<\/p>\n<p>The Chattanooga-based insurer said today its net income in the three months ended June 30 totaled $281.2 million, or $1.33 per share, compared to $285.5 million, or $1.29 per share, a year earlier.<\/p>\n<p>Excluding after-tax realized investment gains and losses, Unum&#8217;s adjusted operating income this spring was $286.9 million, $1.36 per share. Analysts who follow Unum had predicted the company would have adjusted earnings of $1.35 per share in the three-month period.<\/p>\n<p>Buoyed by the continued upturn in profits, Unum also said today it repurchased another 2.9 million shares for about $100 million in the second quarter under its stock buyback program.<\/p>\n<p>&#8220;We are very pleased with our financial results for the second quarter and the strong premium growth we are generating in our core business segments,&#8221; Richard P. McKenney, president and chief executive officer, said in a statement today. &#8220;We are continuing to make strong progress as we execute on our strategic priorities and deliver on our purpose to provide essential financial protection to millions of workers and families.&#8221;<\/p>\n<p>Ahead of the earnings announcement after the close of trading, Unum&#8217;s stock rose Tuesday by 30 cents per share, or 0.92%, to $32.80 per share. Although still below the peak levels reached in February, Unum shares have increased 14.2% so far this year.<\/p>\n<p class=\"shirttail\">___<\/p>\n<p class=\"shirttail\">(c)2019 the Chattanooga Times\/Free Press (Chattanooga, Tenn.)<\/p>\n<p class=\"shirttail\">Visit the Chattanooga Times\/Free Press (Chattanooga, Tenn.) at www.timesfreepress.com<\/p>\n<p class=\"shirttail\">Distributed by Tribune Content Agency, LLC.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> <a href=\"https:\/\/insurancenewsnet.com\/oarticle\/unum-profits-rise-4-6-beating-analysts-forecasts\">Read the original article at insurancenewsnet.com <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chattanooga Times Free Press (TN) Jul. 30&#8211;Unum Group reported a 4.6% gain in its after-tax adjusted operating earnings during the second quarter as premium income grew another 6.8% in Unum&#8217;s core business, helping the&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16183"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=16183"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/16183\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=16183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=16183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=16183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}