Disability insurer Unum Group's Q3 EPS misses estimates

Unum

03/11/2025 21:37

Overview

Unum Q3 2025 revenue beats analyst expectations, adjusted EPS misses estimates

Net income for Q3 2025 was $39.7 mln, down from $645.7 mln in Q3 2024

Company completed GAAP reserve updates, resulting in a $377.8 mln net reserve increase

Outlook

Company expects fourth-quarter adjusted operating earnings to be reduced by $0.10 per share

Result Drivers

PREMIUM GROWTH - Core operations saw 2.9% premium growth on a constant currency basis

RESERVE ASSUMPTION UPDATES - GAAP reserve assumption updates resulted in a net reserve increase of $377.8 mln

CAPITAL RETURN - Unum returned approximately $980 mln to shareholders year-to-date, including share repurchases and dividends

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$3.37 bln
$3.32 bln (6 Analysts)
Q3 Adjusted EPS
Miss
$2.09
$2.14 (12 Analysts)
Q3 Net Income
$39.7 mln
Q3 Adjusted Operating Income
$357.10 mln
Q3 Pretax Profit
$54.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the life & health insurance peer group is "buy"

Wall Street's median 12-month price target for Unum Group is $91.00, about 19.3% above its October 31 closing price of $73.42

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBwb6rBvKa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)