Unum Exceeds 2Q Expectations

CHATTANOOGA, Tenn. (AP) _ Unum Group (UNM) on Wednesday reported second-quarter net income of $236.8 million.

On a per-share basis, the Chattanooga, Tennessee-based company said it had net income of $1. Earnings, adjusted for investment gains, were 99 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The insurance company posted revenue of $2.76 billion in the period.

Unum shares have decreased almost 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 6 percent. In the final minutes of trading on Wednesday, shares hit $32.31, a drop of 13 percent in the last 12 months.

This story was generated by Automated Insights (http://ift.tt/1nCTSu9) using data from Zacks Investment Research. Access a Zacks stock report on UNM at http://ift.tt/2aL78eR

Keywords: Unum, Earnings Report

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