We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unum Group (UNM) to Report Q2 Earnings: What's in the Cards?
Read MoreHide Full Article
Unum Group (UNM - Free Report) is slated to report second-quarter 2022 earnings on Aug 2, after market close. The company delivered an earnings surprise of 67.90% in the last-reported quarter.
Factors to Note
The Unum U.S. segment is likely to have benefited from higher premium levels in the short-term disability product line, growth in the in-force block, solid persistency, and growth in the dental and vision product line. However, soft voluntary benefits and individual disability product lines are likely to have weighed on the upside. The Zacks Consensus Estimate for second-quarter premium income at the Unum U.S. segment is pegged at $1.6 billion, an improvement of 2.1% from the prior-year reported figure.
Results at Colonial Life are likely to benefit from higher persistency, higher sales and favorable incidence in all the product lines. The Zacks Consensus Estimate for second-quarter premium income at the Colonial Life segment stands at $436 million, indicating an increase of 1.9% from the prior-year level.
Unum International is likely to have been aided by growth in the in-force block, resulting from the impact of rate increases in the group long-term disability product line and higher persistency. The Zacks Consensus Estimate for second-quarter premium income at the Unum International segment stands at $183 million.
A decline in the level of invested assets and a decrease in the yield on invested assets are likely to have weighed on net investment income. This downside may have been partially offset by higher miscellaneous investment income related to private equity partnerships. The Zacks Consensus Estimate for the same is pegged at $517 million, indicating an 8.3% decline from the prior-year quarter.
Expenses are likely to have decreased due to lower benefits and change in reserves for future benefits, partially offset by higher interest and debt expense, amortization of deferred acquisition costs and other expenses.
Unum estimates the group life and AD&D benefit ratio to be around 80% in the second quarter.
Continued share buyback is likely to have provided a boost to the bottom line.
The Zacks Consensus Estimate for earnings per share is pegged at $1.23, indicating a decline of 11.5% from the year-ago reported figure.
Quantitative Model Prediction
Our proven model does not conclusively predict an earnings beat for Unum Group this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. This is not the case as you can see below.
Earnings ESP: It has an Earnings ESP of -0.17%. This is because the Most Accurate Estimate is pegged at $1.22, lower than the Zacks Consensus Estimate of $1.23. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Some stocks from the insurance space that have the perfect mix of elements to surpass earnings estimates in the upcoming quarterly releases are as follows:
American Equity Investment has an Earnings ESP of +0.96 and a Zacks Rank of 3. The Zacks Consensus Estimate for second-quarter 2022 earnings is pegged at 79 cents, indicating a decrease of 19.4% from the year-ago reported figure.
AEL’s earnings beat estimates in two of the last four reported quarters and missed in the other two.
Assurant Inc. (AIZ - Free Report) has an Earnings ESP of +2.34% and a Zacks Rank of 1. The Zacks Consensus Estimate for second-quarter 2022 earnings is pegged at $3.21, indicating an increase of 7.4% from the year-ago reported figure.
AIZ’s earnings beat estimates in the last four reported quarters.
Lemonade (LMND - Free Report) has an Earnings ESP of +12.50% and a Zacks Rank of 1. The Zacks Consensus Estimate for second-quarter 2022 earnings is pegged at a loss of $1.36, indicating a decrease of 51.1% from the year-ago reported figure.
LMND’s earnings beat estimates in two of the last four reported quarters and missed in the other two.
Image: Bigstock
Unum Group (UNM) to Report Q2 Earnings: What's in the Cards?
Unum Group (UNM - Free Report) is slated to report second-quarter 2022 earnings on Aug 2, after market close. The company delivered an earnings surprise of 67.90% in the last-reported quarter.
Factors to Note
The Unum U.S. segment is likely to have benefited from higher premium levels in the short-term disability product line, growth in the in-force block, solid persistency, and growth in the dental and vision product line. However, soft voluntary benefits and individual disability product lines are likely to have weighed on the upside. The Zacks Consensus Estimate for second-quarter premium income at the Unum U.S. segment is pegged at $1.6 billion, an improvement of 2.1% from the prior-year reported figure.
Results at Colonial Life are likely to benefit from higher persistency, higher sales and favorable incidence in all the product lines. The Zacks Consensus Estimate for second-quarter premium income at the Colonial Life segment stands at $436 million, indicating an increase of 1.9% from the prior-year level.
Unum International is likely to have been aided by growth in the in-force block, resulting from the impact of rate increases in the group long-term disability product line and higher persistency. The Zacks Consensus Estimate for second-quarter premium income at the Unum International segment stands at $183 million.
A decline in the level of invested assets and a decrease in the yield on invested assets are likely to have weighed on net investment income. This downside may have been partially offset by higher miscellaneous investment income related to private equity partnerships. The Zacks Consensus Estimate for the same is pegged at $517 million, indicating an 8.3% decline from the prior-year quarter.
Expenses are likely to have decreased due to lower benefits and change in reserves for future benefits, partially offset by higher interest and debt expense, amortization of deferred acquisition costs and other expenses.
Unum estimates the group life and AD&D benefit ratio to be around 80% in the second quarter.
Continued share buyback is likely to have provided a boost to the bottom line.
The Zacks Consensus Estimate for earnings per share is pegged at $1.23, indicating a decline of 11.5% from the year-ago reported figure.
Quantitative Model Prediction
Our proven model does not conclusively predict an earnings beat for Unum Group this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. This is not the case as you can see below.
Earnings ESP: It has an Earnings ESP of -0.17%. This is because the Most Accurate Estimate is pegged at $1.22, lower than the Zacks Consensus Estimate of $1.23. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Unum Group Price and EPS Surprise
Unum Group price-eps-surprise | Unum Group Quote
Zacks Rank: Unum Group currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Some stocks from the insurance space that have the perfect mix of elements to surpass earnings estimates in the upcoming quarterly releases are as follows:
American Equity Investment has an Earnings ESP of +0.96 and a Zacks Rank of 3. The Zacks Consensus Estimate for second-quarter 2022 earnings is pegged at 79 cents, indicating a decrease of 19.4% from the year-ago reported figure.
AEL’s earnings beat estimates in two of the last four reported quarters and missed in the other two.
Assurant Inc. (AIZ - Free Report) has an Earnings ESP of +2.34% and a Zacks Rank of 1. The Zacks Consensus Estimate for second-quarter 2022 earnings is pegged at $3.21, indicating an increase of 7.4% from the year-ago reported figure.
AIZ’s earnings beat estimates in the last four reported quarters.
Lemonade (LMND - Free Report) has an Earnings ESP of +12.50% and a Zacks Rank of 1. The Zacks Consensus Estimate for second-quarter 2022 earnings is pegged at a loss of $1.36, indicating a decrease of 51.1% from the year-ago reported figure.
LMND’s earnings beat estimates in two of the last four reported quarters and missed in the other two.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.