Unum (UNM) reported $3.23 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 2.4%. EPS of $2.03 for the same period compares to $1.79 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.28 billion, representing a surprise of -1.53%. The company delivered an EPS surprise of -4.70%, with the consensus EPS estimate being $2.13.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Unum performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Benefit Ratio - Unum US Group Life and Accidental Death & Dismemberment: 66.7% versus the four-analyst average estimate of 69.5%.
- Benefit Ratio - Colonial Life Segment: 46.8% compared to the 49.8% average estimate based on four analysts.
- Other Expense Ratio - Unum US Supplemental and Voluntary: 22.7% versus 22.2% estimated by four analysts on average.
- Other Expense Ratio - Unum US Group Life and Accidental Death & Dismemberment: 12.2% versus the four-analyst average estimate of 12.2%.
- Revenue- Other income: $72 million compared to the $71.79 million average estimate based on nine analysts. The reported number represents a change of +5% year over year.
- Revenue- Premium Income: $2.63 billion versus the nine-analyst average estimate of $2.66 billion. The reported number represents a year-over-year change of +3.1%.
- Revenue- Net investment income: $543.60 million versus the nine-analyst average estimate of $539.69 million. The reported number represents a year-over-year change of +2.4%.
- Adjusted Operating Revenue- Closed Block Segment- Total: $529.70 million versus $517.96 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +3.6% change.
- Adjusted Operating Revenue- Colonial Life Segment- Total: $491.40 million compared to the $488.34 million average estimate based on seven analysts. The reported number represents a change of +3.7% year over year.
- Adjusted Operating Revenue- Unum International- Total: $277.10 million versus $276.22 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10% change.
- Adjusted Operating Revenue- Corporate Segment- Total: $14 million versus the seven-analyst average estimate of $16.49 million. The reported number represents a year-over-year change of -54.6%.
- Adjusted Operating Revenue- Closed Block Segment- Other Income: $14 million compared to the $12.60 million average estimate based on seven analysts. The reported number represents a change of +12% year over year.
Shares of Unum have returned +4% over the past month versus the Zacks S&P 500 composite's +1% 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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