Unum Group Reports First Quarter 2021 Results
- Net income of $153.0 million ($0.75 per diluted common share) for the first quarter of 2021; after-tax adjusted operating income was $212.0 million ($1.04 per diluted common share).
- Results reflect continued elevated mortality, which improved through the quarter, as well as encouraging trends in premium growth, persistency, and macro-economic conditions.
- Strong balance sheet and liquidity with holding company cash of $1.7 billion and weighted average risk-based capital ratio of approximately 370 percent; successful completion of the second phase of the Closed Block individual disability reinsurance transaction.
- Book value per common share of $51.77 grew 7.4 percent over the year-ago quarter.