NYSE$UNM

Unum Group · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported net income for the second quarter of 2020.

Unum Group reported a net income of $265.5 million for the second quarter of 2020. After-tax adjusted operating income was $250.1 million. The company's core business segments experienced 1.7 percent growth in premium income. High mortality was seen in group life, voluntary life, and long-term care due to the current pandemic.

  • Net income of $265.5 million ($1.30 per diluted common share) for the second quarter of 2020; after-tax adjusted operating income was $250.1 million ($1.23 per diluted common share).
  • Strong balance sheet and liquidity with holding company cash of $1.6 billion; weighted average risk-based capital ratio of approximately 370 percent.
  • After-tax adjusted operating statutory income of $327.0 million for the second quarter of 2020.
  • Core business segments generated 1.7 percent growth in premium income despite a challenging environment for sales.

Headline financials

Total Revenue

$3.02B

Previous: $3.02B+0.1%
EPS (adj)

$1.23

Previous: $1.36-9.6%
RBC Ratio

370.0%

No prior period
Capital Expenditures

-$77.5M

Previous: -$64.9M-19.4%
Free Cash Flow

$188M

Previous: $216M-13.1%
Net Income

$266M

Previous: $281M-5.6%
Operating Income

$456M

Previous: $448M+1.7%
Gross Profit

$998M

Previous: $963M+3.7%
Cash & Equivalents

$166M

Previous: $60.8M+172.4%
Total Assets

$69.3B

Previous: $65.8B+5.3%

Revenue & EPS history

Unum · Revenue · Quarterly

$3.02B

Q2 2020+0.1%vs Q2 2019
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Unum · $2.12B total across 3 segments · Q2 2020

  • Unum US
    $1.52B+1.2%
  • Colonial Life
    $439M+4.2%
  • Unum International
    $157M-0.9%

Forward guidance

Due to the uncertain economic environment caused by the COVID-19 pandemic, the Company is suspending its financial guidance for the remainder of 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.0%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+2.1%

Avg return

30 days after

53%

38 / 72 earnings

Positive

+12.6%

Q2 2022

Best reaction

-17.8%

Q1 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.5%+3.0%+7.0%
Q4 2025-1.5%-5.6%-2.8%
Q3 2025+7.3%+7.2%+0.6%
Q1 2025-2.0%-0.7%+3.1%
Q4 2024+2.3%+0.8%+4.1%
Q3 2024+4.1%+3.7%+24.6%
Q2 2024+7.5%+0.7%+3.3%
Q1 2024+1.7%+1.2%+3.9%
Q4 2023+2.9%+0.7%+5.2%
Q3 2023-12.9%-10.6%-11.8%
Q2 2023+1.2%+3.5%+1.2%
Q1 2023+4.9%+5.6%+3.9%
Q4 2022+5.4%+1.1%+9.4%
Q3 2022-1.5%-1.0%-8.0%
Q2 2022+12.6%+12.5%+18.8%
Q1 2022+12.2%+9.0%+12.1%
Q4 2021+1.5%+6.9%+12.6%
Q3 2021-0.0%+0.4%-12.3%
Q2 2021-8.7%-2.1%-2.5%
Q1 2021+4.4%+5.4%+9.2%
Q4 2020-3.0%-0.8%+19.7%
Q3 2020-13.9%-8.2%+20.5%
Q2 2020+0.5%-4.8%+4.1%
Q1 2020-8.0%-5.9%+2.2%
Q4 2019+11.8%+9.0%-20.3%
Q3 2019-4.0%+0.1%+7.2%
Q2 2019-1.7%-8.6%-21.8%
Q1 2019-1.7%-0.4%-11.8%
Q4 2018+5.1%+0.9%+3.8%
Q3 2018-3.7%-3.8%-2.1%
Q2 2018+2.4%-6.1%-6.4%
Q1 2018-17.8%-17.6%-19.8%
Q4 2017-0.7%-6.0%-8.4%
Q3 2017+0.2%-0.8%+2.4%
Q2 2017+3.3%+4.3%+0.7%
Q1 2017-0.6%-1.1%-4.4%
Q4 2016+1.0%+3.4%+8.0%
Q3 2016+2.6%+0.3%+21.6%
Q2 2016+2.7%+1.0%+6.3%
Q1 2016+1.0%
Q4 2015-5.7%
Q3 2015+5.0%
Q2 2015-2.0%
Q1 2015+1.1%
Q4 2014+1.4%
Q3 2014-3.3%
Q2 2014-0.8%
Q1 2014+2.8%
Q4 2013+3.6%
Q3 2013+3.4%
Q2 2013-5.0%
Q1 2013-1.3%
Q4 2011-1.1%
Q4 2009-1.1%
Q4 2010-1.1%
Q4 2012+4.0%
Q3 2012+0.5%
Q2 2012-1.0%
Q1 2012-3.6%
Q3 2011-3.9%
Q2 2011-2.1%
Q1 2011-0.1%
Q3 2010+0.4%
Q2 2010-3.7%
Q1 2009-3.9%
Q1 2010+1.8%
Q4 2007+2.6%
Q3 2009-4.9%
Q3 2008-4.9%
Q2 2008+0.9%
Q4 2008+0.9%
Q2 2009+0.9%

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