Yahoo Finance Here's What Key Metrics Tell Us About Unum (UNM) Q1 Earnings
For the quarter ended March 2024, Unum (UNM) reported revenue of $3.2 billion, up 5.5% over the same period last year. EPS came in at $2.12, compared to $1.87 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.19 billion, representing a surprise of +0.30%. The company delivered an EPS surprise of +7.61%, with the consensus EPS estimate being $1.97.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Unum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Other Expense Ratio - Unum US Group Life and Accidental Death & Dismemberment: 12.6% versus 12.2% estimated by 10 analysts on average.
Other Expense Ratio - Colonial Life Segment: 19.8% versus the 10-analyst average estimate of 19.1%.
Benefit Ratio - Colonial Life Segment: 48.6% compared to the 49.2% average estimate based on 10 analysts.
Other Expense Ratio - Unum US Supplemental and Voluntary: 22.2% compared to the 21.2% average estimate based on 10 analysts.
Revenue- Other income: $77.70 million compared to the $70.46 million average estimate based on 10 analysts. The reported number represents a change of +14.4% year over year.
Adjusted Operating Revenue- Closed Block Segment- Net Investment Income: $273.10 million versus the 10-analyst average estimate of $268.21 million. The reported number represents a year-over-year change of +6.2%.
Revenue- Net investment income: $513.50 million versus the 10-analyst average estimate of $528.83 million. The reported number represents a year-over-year change of +0.9%.
Adjusted Operating Revenue- Corporate and other- Net investment income: $18 million versus the 10-analyst average estimate of $24.25 million. The reported number represents a year-over-year change of -31%.
Adjusted Operating Revenue- Colonial Life Segment- Net Investment Income: $39.30 million versus the 10-analyst average estimate of $38.74 million. The reported number represents a year-over-year change of +5.4%.
Adjusted Operating Revenue- Unum International Segment- Net Investment Income: $26.10 million versus $34.73 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -15.5% change.
Adjusted Operating Revenue- Corporate Segment- Other income: $0.70 million versus $0.72 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +250% change.
Adjusted Operating Revenue- Closed Block Segment- Premium Income- Total: $224.30 million compared to the $227.10 million average estimate based on 10 analysts. The reported number represents a change of -3.2% year over year.
View all Key Company Metrics for Unum here>>>
Shares of Unum have returned -5.3% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Unum Group (UNM) : Free Stock Analysis Report
