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Unum Group Earnings Cheat Sheet: Keeping the Profitability Streak Alive

S&P 500 component Unum Group reported its results for the third quarter. Unum Group provides group and individual disability products in the United States and provides a portfolio of other insurance products, including longterm care insurance, life insurance and employee-paid group benefits.

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Unum Group Earnings Cheat Sheet for the Third Quarter

Results: Net income for Unum Group fell to $205.6 million (69 cents per share) vs. $220.8 million (68 cents per share) a year earlier. This is a decline of 6.9% from the year earlier quarter.

Revenue: Rose 0.7% to $2.55 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: UNM reported adjusted net income of 74 cents per share. By that measure, the company was about in line with the mean estimate of 75 cents per share. Analysts were expecting revenue of $2.57 billion.

Quoting Management: “I am pleased that despite the pressures in our businesses, especially in the UK, our earnings per share grew by nine percent this quarter,” said Thomas R. Watjen, president and chief executive officer.”We continue to see good growth opportunities in many of our target markets, and our solid capital position has enabled us to aggressively repurchase stock at attractive prices. Looking ahead, the combination of weak employment growth and low interest rates will continue to create challenges for us, but I’m confident we are well-positioned to continue to produce solid financial results.”

Key Stats:

Net income has increased 2.8% year over year on average across the last five quarters. The biggest gain came in the fourth quarter of the last fiscal year, when income climbed 13.2% from the year earlier quarter.

The company’s revenue has now risen for two straight quarters. In the second quarter, revenue increased 2.1% to $2.56 billion from the year earlier quarter.

Looking Forward: The average estimate for the fourth quarter is steady at 78 cents a share. The average estimate for the fiscal year is $2.96 per share, a rise from $2.93 ninety days ago.

Competitors to Watch: Principal Financial Group, Inc. , AFLAC Incorporated , CNO Financial Group, Inc. , CIGNA Corporation , WellPoint, Inc. , American Independence Corp. , Universal American Corp. , Humana Inc. , Triple-S Management Corp. , and HealthMarkets, Inc. .

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)