Unum: Q1 Earnings Snapshot
By AP News
Published - May 02, 2023, 04:55 PM ET
Last Updated - Jun 21, 2023, 11:45 PM EDT
CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Unum Group (UNM) on Tuesday reported first-quarter net income of $358.3 million.
On a per-share basis, the Chattanooga, Tennessee-based company said it had profit of $1.80. Earnings, adjusted for non-recurring costs, were $1.87 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The insurance company posted revenue of $3.04 billion in the period, which did not meet Street forecasts. Eleven analysts surveyed by Zacks expected $3.06 billion.
