Unum Group UNM today reported net income of $225.8 million ($0.71 per diluted common share) for the fourth quarter of 2010, compared to net income of $199.4 million ($0.60 per diluted common share) for the fourth quarter of 2009.
Included in the results for the fourth quarter of 2010 are net realized after-tax investment gains of $17.2 million ($0.05 per diluted common share), compared to net realized after-tax investment losses of $18.9 million ($0.06 per diluted common share) in the fourth quarter of 2009. Net realized after-tax investment gains for the fourth quarter of 2010 include an after-tax gain of $16.1 million resulting from changes in the fair value of an embedded derivative in a modified coinsurance contract, compared to an after-tax gain of $22.7 million in the fourth quarter of 2009.
Also included in net realized after-tax investment gains for the fourth quarter of 2010 are net realized after-tax investment gains of $1.1 million related to sales and write-downs of investments, compared to net after-tax losses of $41.6 million in the fourth quarter of 2009.
Adjusting for these items, income on an after-tax basis was $208.6 million ($0.66 per diluted common share) in the fourth quarter of 2010, compared to $218.3 million ($0.66 per diluted common share) in the fourth quarter of 2009.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in