Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
Investing.com -- Unum Group (NYSE:UNM) reported first-quarter 2025 earnings that fell short of analyst expectations, sending shares down 8.8% in after-hours trading.
The insurance provider posted adjusted earnings per share of $2.04, missing the consensus estimate of $2.18. Revenue came in at $3.09 billion, below analysts’ projections of $3.34 billion.
Despite the earnings miss, Unum saw solid premium growth of 4.2% on a constant currency basis in its core operations. The company’s net income declined to $189.1 million, or $1.06 per diluted share, compared to $395.2 million, or $2.04 per share, in the same quarter last year.
"With solid earned premium growth, enhanced capital strength, and our previously announced long-term care reinsurance transaction, we continued to execute against our strategy during the first quarter of 2025," said Richard P. McKenney, president and CEO of Unum Group.
The Unum US segment, the company’s largest, reported a 14.6% decrease in adjusted operating income to $329.1 million. This decline was primarily driven by higher benefit ratios in the group disability and voluntary benefits product lines.
Unum International saw a 3.5% increase in adjusted operating income to $38.7 million, while Colonial Life’s adjusted operating income rose 1.8% to $115.7 million.
The company maintained its full-year 2025 outlook, projecting a 6% to 10% increase in after-tax adjusted operating income per share compared to 2024.
Unum ended the quarter with a strong balance sheet, reporting holding company liquidity of $2.2 billion and a weighted average risk-based capital ratio of approximately 460%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.