Chattanooga-based Unum reports earnings growth

photo Tom Watjen, chief executive officer of the Unum Group

Unum experienced "a good quarter" this summer, growing income and beating analysts' expectations for profits, Unum CEO Tom Watjen said Wednesday in releasing its third quarter results.

The Chattanooga-based insurer grew its after-tax operating income by $1 million to $224 million, or 80 cents per share, from 223.1 million in the third quarter of 2011. Analysts had been expecting Unum to earn 77 cents in the quarter.

Unum also announced it repurchased $100 million of stock in the third quarter, or one fifth of the planned total of $500 million during the year.

"We continued to generate solid results around the company," Watjen wrote in a letter to employees.