Unum Group (UNM) PT Lowered to $40 at RBC Capital

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Go back to Unum Group (UNM) PT Lowered to $40 at RBC Capital

Unum Group Reports Third Quarter 2018 Results

October 24, 2018 4:15 PM EDT

CHATTANOOGA, Tenn.--(BUSINESS WIRE)-- Unum Group (NYSE: UNM) today reported a net loss of $284.7 million ($1.30 per diluted common share) for the third quarter of 2018, compared to net income of $252.3 million ($1.12 per diluted common share) for the third quarter of 2017.

Included in the net loss for the third quarter of 2018 is an after-tax reserve increase of $593.1 million ($2.71 per diluted common share) in the long-term care product line of our Closed Block segment, as well as a net after-tax realized investment gain on the Company's investment portfolio. Included in net income for the... More