Unum Group Reports In-Line Quarter (UNM)

Unum Group (UNM) reports Q3 earnings of $0.68 versus consensus of $0.68. Unum Group reports revenues of $2.53 billion versus consensus of $2.53 billion. Book value per shares is now $28.08. The company anticipates after-tax operating income growth for full year 2010 to be at the lower end of its previously stated outlook of a range of four percent to six percent. Including share repurchases, the company expects after-tax operating income per share growth to be at the higher end of that target range. "Our overall third quarter results met our expectations as the positive results in our Unum US and Colonial Life operations offset lower income in Unum UK," said Thomas R. Watjen, president and chief executive officer. "While the environment remains challenging, our continued strong operating performance and capital position provide us with significant financial flexibility, and we remain very well positioned to effectively manage through this environment."