Unum: 2Q Earnings Snapshot
CHATTANOOGA, Tenn. (AP) _ Unum Group (UNM) on Tuesday reported second-quarter net income of $281.2 million.
On a per-share basis, the Chattanooga, Tennessee-based company said it had net income of $1.33. Earnings, adjusted for investment costs, came to $1.36 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The insurance company posted revenue of $3.02 billion in the period.
Unum shares have climbed 12% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. In the final minutes of trading on Tuesday, shares hit $32.80, a decline of 17% in the last 12 months.