UNM FY 2024 Earnings Report — Unum Group Revenue & Financial Results | Market Cap Arena

FY 2024 Earnings

Reported February 27, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$12.8B	—	$12.3B	—	3.9%
Op. Income	$2.3B	—	$1.6B	—	37.3%
Gross Margin	37.1%	—	32.8%	—	4.3pp
Net Margin	13.9%	—	10.4%	—	3.5pp
EPS (Diluted)	$9.46	—	$6.50	—	45.5%
Free Cash Flow	$1.4B	—	$1.1B	—	29.9%

Revenue Flow

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$8.0B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$1.3B
Operating Expenses	$2.5B
Cost & Expenses	$10.5B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$201M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$472M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$116M
EBIT	$2.5B
EBITDA	$2.6B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$12.8B
Cost of Revenue	$8.0B
GROSS PROFIT	$4.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$1.3B
Operating Expenses	$2.5B
Cost & Expenses	$10.5B
OPERATING INCOME	$2.3B
Interest Income	$0
Interest Expense	$201M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$472M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$116M
EBIT	$2.5B
EBITDA	$2.6B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$116M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$160M
Change in Working Capital	-$222M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$126M
Acquisitions (Net)	$0
Purchases of Investments	-$3.2B
Sales/Maturities of Investments	$2.7B
Other Investing Activities	$252M
NET CASH FROM INVESTING	-$344M
Net Debt Issuance	$42M
Common Stock Repurchased	-$973M
Common Dividends Paid	-$297M
Other Financing Activities	$70M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.4B
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$533M
Goodwill	$349M
Intangible Assets	$0
Long-Term Investments	$45.7B
Tax Assets	$764M
Other Non-Current Assets	$13.4B
TOTAL NON-CURRENT ASSETS	$60.7B
TOTAL ASSETS	$62.4B
Account Payables	$0
Short-Term Debt	$292M
Deferred Revenue	$384M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$676M
Long-Term Debt	$3.5B
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$426M
Other Non-Current Liabilities	$46.7B
TOTAL NON-CURRENT LIABILITIES	$50.7B
TOTAL LIABILITIES	$51.4B
Common Stock	$20M
Additional Paid-In Capital	$1.5B
Retained Earnings	$12.9B
Treasury Stock	-$938M
Accum. Other Comp. Income	-$2.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.0B
Minority Interest	$0
TOTAL EQUITY	$11.0B
TOTAL LIABILITIES & EQUITY	$62.4B
Total Debt	$3.9B
Net Debt	$3.7B