NYSE$UNM
Unum Group · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Unum Group reported strong Q2 2024 results with growth in core operations and increased full-year outlook.
Unum Group reported a net income of $389.5 million for Q2 2024. The company's core operations premium grew by 5.4 percent on a constant currency basis, and the full-year 2024 outlook for after-tax adjusted operating earnings per share increased to 10 percent to 15 percent. A new share repurchase authorization of $1.0 billion was approved, and $248.8 million was deployed to shareholders through share repurchases and dividends.
- Net income for the second quarter of 2024 was $389.5 million, or $2.05 per diluted common share.
- After-tax adjusted operating income was $411.4 million, or $2.16 per diluted common share.
- Core operations premium growth of 5.4 percent on a constant currency basis.
- Full-year 2024 outlook for after-tax adjusted operating earnings per share increased to 10 percent to 15 percent.
Headline financials
Revenue & EPS history
Unum · Revenue · Quarterly
$3.23B
Revenue by segment
Unum · $2.3B total across 3 segments · Q3 2023
- Unum US$1.66B+6.3%72.1%
- Colonial Life$431M+1.9%18.8%
- Unum International$211M+21.5%9.2%
Forward guidance
Full-year 2024 outlook increased due to the strong first half of the year, and the expectations that trends will continue for the second half of 2024. Previous outlook of an increase in after-tax adjusted operating income per share of 7 percent to 9 percent increased to 10 percent to 15 percent.
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 2024
+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
| Quarter | Report date | Reaction (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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