CHATTANOOGA, Tenn. (AP) — CHATTANOOGA, Tenn. (AP) — Unum Group (UNM) on Tuesday reported second-quarter earnings of $256.9 million.
The Chattanooga, Tennessee-based company said it had profit of $1.61 per share. Earnings, adjusted for non-recurring costs and investment costs, were $2.16 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.14 per share.
The insurance company posted revenue of $3.37 billion in the period. Its adjusted revenue was $3.38 billion, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.95 billion.
Unum expects full-year earnings in the range of $8.60 to $8.90 per share.
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