Unum Group (NYSE:UNM) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$3.22b (up 4.0% from 3Q 2023).
- Net income: US$645.7m (up 220% from 3Q 2023).
- Profit margin: 20% (up from 6.5% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: US$3.46 (up from US$1.03 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Unum Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 69%.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are up 1.5% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Unum Group (including 1 which can't be ignored).
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About NYSE:UNM
Unum Group
Provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally.
Undervalued with solid track record and pays a dividend.
