Unum CEO Richard McKenney said Wednesday the insurer is adapting to a changing world amid the coronavirus crisis, adding that it’s prepared for “a wide variety of economic scenarios.”
“Our team is feeling challenged and uncertainty in their own lives but their efforts to support our customers, communities as well as each other through this time has been exceptional,” said McKenney concerning second quarter performance to financial analysts during a conference call.
The Chattanooga-based company that employs nearly 3,000 people in the city on Tuesday posted after-tax adjusted operating income of $250.1 million in the quarter, or $1.23 per diluted common share. That’s compared to $286.9 million, or $1.36 per diluted common share, a year ago.
While earnings were down, the company that sells disability, life, dental and other insurance products at the workplace beat the Zacks consensus estimate that it would earn $1.19 in the quarter.
McKenney said the fragility of Americans’ financial lives has never been more apparent as in recent weeks.