For the quarter ended March 2024, Unum (UNM - Free Report) 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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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended March 2024, Unum (UNM - Free Report) 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.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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