Unum Group Reports Lower-Than-Expected Q4 Earnings
CHATTANOOGA, Tenn. (AP) - Unum Group (UNM) announced fourth-quarter earnings on Tuesday, falling short of market expectations.
The insurance company reported net income of $348.7 million, or $1.92 per share. Adjusted earnings reached $2.03 per share.
Analysts polled by Zacks Investment Research had anticipated earnings of $2.13 per share.
Unum's revenue for the quarter amounted to $3.24 billion, with adjusted revenue at $3.23 billion. Zacks' analysts had estimated revenue of $3.28 billion.
For the full year, Unum posted a profit of $1.78 billion, or $9.46 per share, on revenue of $12.85 billion.
Despite missing Q4 expectations, Unum's financial performance remains strong.