First quarter earnings show a strong start to the year for Unum US. With sales of $212 million, the business finished the quarter 7 percent above first quarter of last year, driven in large part by voluntary benefit sales. Group sales finished the quarter 11 percent higher than this time last year, mainly from growth in new sales.
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. The results have enabled investments in products, service, technology, and communication that deliver what benefits partners, clients and consumers need in today’s changing marketplace.
Results for Unum Group
Unum Group reported net income of $228.9 million, or 88 cents a share, compared $212.6 million, or 79 cents per share, in the first quarter of 2013.
"By continuing to build very strong customer relationships, our persistency has been better than expected," said Unum Group President and CEO Tom Watjen. "That, along with maintaining the sales momentum we began building last year, has allowed us to profitably grow our business."
In addition to Unum US results above, here are business segment highlights from the quarter: