NYSE$UNM

Unum Group · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Unum Group reported fourth quarter results, reflecting the impact of COVID-related mortality, premium income growth, and strong returns in alternative invested assets.

Unum Group reported a net income of $159.7 million for Q4 2021, compared to $135.4 million for Q4 2020. Adjusted operating income was $182.0 million, compared to $235.3 million in the prior year quarter. The company saw premium growth and favorable investment returns, but claims experience was elevated due to COVID-19.

  • Net income for the fourth quarter of 2021 was $159.7 million ($0.78 per diluted common share); after-tax adjusted operating income was $182.0 million ($0.89 per diluted common share).
  • Results reflect impact of high COVID-related mortality and infection levels, growth in premium income, and continued strong returns in alternative invested asset portfolio.
  • The company had a strong balance sheet and liquidity with holding company cash of $1.5 billion and a weighted average risk-based capital ratio of approximately 395 percent.
  • Capital deployment expanded with the repurchase of $50 million of shares, in addition to stable dividends.

Headline financials

Total Revenue

$2.98B

Previous: $4.27B-30.3%
EPS (adj)

$0.89

Previous: $1.15-22.6%
Shares Outstanding

202.5M

No prior period
Capital Expenditures

$27.9M

Previous: $19.6M+42.3%
Free Cash Flow

$360M

Previous: -$701M+151.4%
Net Income

$160M

Previous: $135M+17.9%
Operating Income

$192M

Previous: $125M+53.7%
Gross Profit

$11.7B

Previous: $13.1B-11.1%
Cash & Equivalents

$1.52B

Previous: $1.51B+0.2%
Total Assets

$70.1B

Previous: $70.6B-0.7%

Revenue & EPS history

Unum · Revenue · Quarterly

$2.98B

Q4 2021-30.3%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Unum · $2.37B total across 4 segments · Q4 2021

  • Unum US
    $1.53B+3.0%
  • Colonial Life
    $423M+1.1%
  • Closed Block
    $245M-31.5%
  • Unum International
    $178M+7.1%

Forward guidance

The Company anticipates hosting a conference call on February 25, 2022 to provide its outlook for 2022. Details will be provided closer to the event.

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 Q4 2021

Historical avgQ4 2021

+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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