Unum ended 2013 with a good quarter and a strong close to the year. The company continued to generate solid results within its core operating business segments and saw improving sales trends throughout most of the company.
Unum US operating income increased from $212.2 million to $217.1 million, with favorable risk results across all business lines. Total sales increased 5 percent, with sales in core markets growing by 9.4 percent.
Over the last several years, the notably consistent performance of Unum US has been driven by commitment to client relationships, strong customer service and a collective focus on business goals.
Results for Unum Group
The company's financial results for the quarter were buoyed by strong sales in its U.S. businesses, solid results in the U.K. and steady performance of the Closed Block and investment portfolio. After-tax operating income for the quarter was $223.8 million, or 85 cents per share, compared to $225.0 million, or 82 cents per share, in the fourth quarter of 2012. Net income was $221.2 million, or 84 cents per share, compared to net income of $233.9 million, or 85 cents per share, in the fourth quarter of 2012.
In addition to Unum US results above, here are some highlights for the quarter:
"We enter 2014 with strong positions in our markets, a solid financial base which gives us tremendous financial flexibility to support our businesses while also returning capital to our shareholders, and a commitment to maintaining the discipline which has been at the heart of our past success," said President and CEO Tom Watjen.