Unum Group Reports Earnings Results for the First Quarter Ended March 31, 2022
May 05, 2022 at 09:26 pm
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Unum Group reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was USD 2,982.5 million compared to USD 3,072 million a year ago. Net income was USD 253.5 million compared to USD 153 million a year ago. Basic earnings per share from continuing operations was USD 1.25 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 1.25 compared to USD 0.75 a year ago.
Unum Group is a provider of workplace benefits and services. The Company provides financial protection benefits in the United States and the United Kingdom (UK). Its products include disability, life, accident, critical illness, dental and vision, and other related services. The Company has three segments: Unum US, Unum International, and Colonial Life. Its Unum US segment comprises group disability, group life and accidental death and dismemberment, and supplemental and voluntary lines of business. Its Unum International segment includes its operations in the UK and Poland. Unum UK's business includes insurance for group long-term disability, group life, and supplemental lines of business which include dental, individual disability, and others. Unum Poland's business includes insurance for individual and group life with accident and health riders. Its Colonial Life segment includes accident, sickness, and disability products, life products, and cancer and critical illness products.