- Net income of $392.9 million ( $1.98 per diluted common share) for the second quarter of 2023; after-tax adjusted operating income was $408.8 million ( $2.06 per diluted common share).
- Results reflect the continuation of positive underlying trends, particularly in our disability products, and a favorable operating environment.
- Strong top-line trends with core operations sales growth of 19.5 percent and premium growth of 4.6 percent on a constant currency basis.
- Robust balance sheet and liquidity with holding company liquidity of $1.1 billion and weighted average risk-based capital ratio of approximately 450 percent.
- Book value per common share of $47.06 grew 21.0 percent over the year-ago quarter; book value per common share excluding accumulated other comprehensive income (AOCI) of $64.66 grew 11.6 percent over the year-ago quarter.
CHATTANOOGA, Tenn., Aug. 1, 2023 /PRNewswire/ -- Unum Group (NYSE: UNM) today reported net income of $392.9 million ( $1.98 per diluted common share) for the second quarter of 2023, compared to net income of $367.3 million ( $1.81 per diluted common share) for the second quarter of 2022.
Three Months Ended | |||||||
June 30, 2023 | June 30, 2022 | ||||||
Premium Income | Premium Income | Weighted Average | Premium Income | ||||
Unum International | |||||||
Unum UK | $ 179.3 | £ 125.0 | 1.253 | $ 156.6 | |||
Unum Poland | 28.6 | zl 97.6 | 0.240 | 23.4 | |||
Total | 207.9 | 180.0 | |||||
Unum US | 1,641.4 | $ 1,571.0 | 1,571.0 | ||||
Colonial Life | 430.6 | $ 427.6 | 427.6 | ||||
Core Operations | $ 2,279.9 | $ 2,178.6 | |||||
1Premium income shown in millions of pounds for Unum UK, millions of zlotys for Unum Poland, and U.S. dollars for Unum US and Colonial Life. |
2Exchange rate is calculated using the average foreign currency exchange rates for the most recent period, applied to the comparable prior period. |
SOURCE Unum Group
