For the quarter ended March 2024, Unum (UNM) reported income of $3.2 billion, up 5.5% over the identical interval final yr. EPS got here in at $2.12, in comparison with $1.87 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $3.19 billion, representing a shock of +0.30%. The corporate delivered an EPS shock of +7.61%, with the consensus EPS estimate being $1.97.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.
Since these metrics play an important position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher mission a inventory’s value efficiency.
Right here is how Unum carried out within the simply reported quarter by way of the metrics most generally monitored and projected by Wall Avenue analysts:
- Different Expense Ratio – Unum US Group Life and Unintended Demise & Dismemberment: 12.6% versus 12.2% estimated by 10 analysts on common.
- Different Expense Ratio – Colonial Life Section: 19.8% versus the 10-analyst common estimate of 19.1%.
- Profit Ratio – Colonial Life Section: 48.6% in comparison with the 49.2% common estimate based mostly on 10 analysts.
- Different Expense Ratio – Unum US Supplemental and Voluntary: 22.2% in comparison with the 21.2% common estimate based mostly on 10 analysts.
- Income- Different earnings: $77.70 million in comparison with the $70.46 million common estimate based mostly on 10 analysts. The reported quantity represents a change of +14.4% yr over yr.
- Adjusted Working Income- Closed Block Section- Internet Funding Revenue: $273.10 million versus the 10-analyst common estimate of $268.21 million. The reported quantity represents a year-over-year change of +6.2%.
- Income- Internet funding earnings: $513.50 million versus the 10-analyst common estimate of $528.83 million. The reported quantity represents a year-over-year change of +0.9%.
- Adjusted Working Income- Company and other- Internet funding earnings: $18 million versus the 10-analyst common estimate of $24.25 million. The reported quantity represents a year-over-year change of -31%.
- Adjusted Working Income- Colonial Life Section- Internet Funding Revenue: $39.30 million versus the 10-analyst common estimate of $38.74 million. The reported quantity represents a year-over-year change of +5.4%.
- Adjusted Working Income- Unum Worldwide Section- Internet Funding Revenue: $26.10 million versus $34.73 million estimated by 10 analysts on common. In comparison with the year-ago quarter, this quantity represents a -15.5% change.
- Adjusted Working Income- Company Section- Different earnings: $0.70 million versus $0.72 million estimated by 10 analysts on common. In comparison with the year-ago quarter, this quantity represents a +250% change.
- Adjusted Working Income- Closed Block Section- Premium Revenue- Whole: $224.30 million in comparison with the $227.10 million common estimate based mostly on 10 analysts. The reported quantity represents a change of -3.2% yr over yr.
View all Key Company Metrics for Unum here>>>
Shares of Unum have returned -5.3% over the previous month versus the Zacks S&P 500 composite’s -2.5% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out according to the broader market within the close to time period.
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