Chattanooga-based Unum Group today reported higher second quarter results over a year ago as it posted higher profits in its U.S. business.
After-tax operating income for the disability insurer, which excludes net after-tax realized investment gains and losses on its portfolio, was $240.4 million, or $1.05 per diluted common share, in the second quarter versus $233 million, or 98 cents per diluted common share, a year ago.
Net income came in at $245.1 million, or $1.07 per diluted common share, for the second quarter compared to $236.8 million, or $1 per diluted common share, a year ago.
Richard P. McKenney, Unum's chief executive officer, said the second quarter results were "very strong," with a good balance of top line growth, solid earnings growth, and return of capital to shareholders.
Unum US reported operating income of $247.8 million in the second quarter, an increase of 9.1 percent from $227.2 million a year ago.