Unum Group Q3 net income rises to $645.7 million; adjusted EPS $2.13
Unum Group reported third quarter 2024 results on October 29, 2024, with net income of $645.7 million ($3.46 per diluted share), up from $202.0 million ($1.02) a year earlier. Adjusted operating income rose to $398.0 million ($2.13 per diluted share) from $381.7 million ($1.94), and management said it remains confident in its full-year 2024 outlook. Net income was lifted by a $357.4 million before-tax net reserve decrease from annual assumption updates, so shareholders may want to weigh that item alongside the adjusted measures.
Key points
- Net income of $645.7 million ($3.46 per diluted share) in Q3 2024, versus $202.0 million ($1.02) in Q3 2023
- Adjusted operating income of $398.0 million ($2.13 per diluted share), versus $381.7 million ($1.94) a year earlier
- Before-tax net reserve decrease of $357.4 million from annual GAAP reserve assumption updates
- Full-year 2024 outlook calls for after-tax adjusted operating income per share to rise 10% to 15% versus 2023
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.