Unum Q3 Profit Misses Estimate

(RTTNews) - Unum Group (UNM) reported net income for the third quarter of $221.1 million or $0.87 per share, compared to $205.7 million or $0.78 per share for the year-ago quarter.

After-tax operating income, which excludes after-tax realized investment gains and losses on the company's investment portfolio and the amortization of prior period actuarial losses on the company's pension plans, was $221.1 million or $0.87 per share in the third quarter of 2014, compared to $224.6 million or $0.85 per share in the third quarter of 2013.

Operating revenue for the third quarter rose to $2.61 billion from $2.57 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.90 per share on revenue of $2.61 billion for the third quarter. Analysts' estimates typically exclude special items.

The company said it anticipates growth in after-tax operating earnings per share for full-year 2014 to be in the outlook range announced in December 2013 of 5% to 10%.