Unum Group (UNM) Misses Q3 EPS by 15c

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Go back to Unum Group (UNM) Misses Q3 EPS by 15c

Unum Group Reports Third Quarter 2021 Results

November 2, 2021 4:15 PM EDT

CHATTANOOGA, Tenn., Nov. 2, 2021 /PRNewswire/ -- Unum Group (NYSE: UNM) today reported net income of $328.6 million ($1.60 per diluted common share) for the third quarter of 2021, compared to net income of $231.1 million ($1.13 per diluted common share) for the third quarter of 2020.

Included in net income for the third quarter of 2021 are a net after-tax reserve decrease related to reserve assumption updates of $143.3 million ($0.70 per diluted common share), an after-tax impairment loss on internal-use software of $9.6 million ($0.05 per diluted common share), the after-tax amortization of the cost of reinsurance of $15.5 million ($0.08  per... More