Unum Group
For the period ended Oct 29, 2024. Filed Oct 29, 2024.
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Oct 29, 2024 · Filed Oct 29, 2024
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UNM$76.75+3.8%Stored close · as of Nov 6, 2026
Contents
EX-99.2 · Closed Block
Unum Group Financial Results for Closed Block Segment
| Three Months Ended · Nine Months Ended · Year Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 9/30/2024 · 9/30/2023 · 9/30/2024 · 9/30/2023 · 12/31/2023 · 12/31/2022 | ||||||||||
| Adjusted Operating Revenue | ||||||||||
| Premium Income | ||||||||||
| Long-term Care | $173.7 | $172.1 | $521.5 | $521.2 | $696.0 | $697.4 | ||||
| All Other | 43.1 | 54.3 | 140.9 | 166.0 | 219.5 | 246.9 | ||||
| Total Premium Income | 216.8 | 226.4 | 662.4 | 687.2 | 915.5 | 944.3 | ||||
| Net Investment Income | 284.3 | 274.9 | 851.6 | 796.0 | 1,066.3 | 1,070.6 | ||||
| Other Income | 12.4 | 12.8 | 37.7 | 40.1 | 52.6 | 58.0 | ||||
| Total | 513.5 | 514.1 | 1,551.7 | 1,523.3 | 2,034.4 | 2,072.9 | ||||
| Benefits and Expenses | ||||||||||
| Policy Benefits Including Remeasurement Loss or Gain | 258.3 | 806.9 | 1,134.6 | 1,624.1 | 2,070.7 | 1,648.0 | ||||
| Commissions | 17.8 | 18.3 | 52.0 | 55.5 | 73.8 | 75.7 | ||||
| Other Expenses | 44.3 | 43.8 | 131.0 | 128.4 | 172.7 | 172.3 | ||||
| Total | 320.4 | 869.0 | 1,317.6 | 1,808.0 | 2,317.2 | 1,896.0 | ||||
| Income (Loss) Before Income Tax and Net Investment Gain and Losses | 193.1 | (354.9) | 234.1 | (284.7) | (282.8) | 176.9 | ||||
| Amortization of the Cost of Reinsurance | 10.4 | 11.1 | 31.1 | 33.1 | 44.1 | 50.3 | ||||
| Non-Contemporaneous Reinsurance | 6.0 | 9.2 | 20.2 | 26.4 | 34.8 | 34.4 | ||||
| Reserve Assumption Updates - Long-term Care | (174.1) | 368.1 | (174.1) | 368.1 | 368.1 | (2.9) | ||||
| Reserve Assumption Updates - All Other | (1.2) | 0.7 | (1.2) | 0.7 | 0.7 | (6.8) | ||||
| Adjusted Operating Income | $34.2 | $34.2 | $110.1 | $143.6 | $164.9 | $251.9 | ||||
| Long-term Care Net Premium Ratio | 94.5% | 93.4% | 93.5% | 85.1% | ||||||
| Operating Ratios (% of Premium Income): | ||||||||||
| Other Expense Ratio1 | 15.6% | 14.4% | 15.1% | 13.9% | 14.0% | 12.9% | ||||
| Income (Loss) Ratio | 89.1% | (156.8)% | 35.3% | (41.4)% | (30.9)% | 18.7% | ||||
| Adjusted Operating Income Ratio | 15.8% | 15.1% | 16.6% | 20.9% | 18.0% | 26.7% | ||||
| Long-term Care Persistency | 95.2% | 95.5% | 95.6% | 95.7% | ||||||
| 1Excludes amortization of the cost of reinsurance. | ||||||||||
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