Unum Group (UNM) FY2023 results: revenue $12.4 billion, up 3.3% on the year
Unum Group (UNM) reported revenue of $12.4 billion for fiscal 2023, the year ended 31 December 2023, up 3.3% on the year before. Net income was $1.3 billion, down 8.8%, and diluted earnings per share $6.50. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2024.
Revenue
$12.4 billion
+3.3% on the year
FY2016FY2023
Operating margin
13.2%
14.7% a year earlier
FY2016FY2023
Net income
$1.3 billion
-8.8% on the year
FY2016FY2023
Diluted EPS
$6.50
-6.6% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,203
1,419
1,388
-15.2%
Capital expenditure
135
102
110
+31.9%
Free cash flow
1,068
1,316
1,277
-18.9%
Free cash flow margin
8.6%
11.0%
10.6%
Cash from investing
-726
-956
-1,341
Cash from financing
-450
-419
-169
Depreciation and amortisation
109
110
120
-1.5%
Share-based compensation
64.1
52.7
35.4
+21.6%
Buybacks
250
200
50.0
+25.0%
Dividends paid
277
254
239
+9.0%
Dividend per share
$1.39
$1.26
$1.17
+10.3%
Diluted shares, weighted
198m
202m
205m
-2.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
9,651
8,735
6,034
+10.5%
Debt
3,430
3,430
3,442
+0.0%
Other liabilities
50,173
48,984
60,640
+2.4%
Total liabilities and equity
63,255
61,148
70,116
+3.4%
Fixed assets
485
452
463
+7.4%
Goodwill
350
348
352
+0.7%
Securities held for sale or to maturity
36,834
34,841
43,336
+5.7%
Securities borrowed
63.1
88.5
94.8
-28.7%
Cash and equivalents
146
119
75.0
+22.5%
Other assets
25,377
25,301
25,795
+0.3%
Total assets
63,255
61,148
70,116
+3.4%
10-K for the year ended 31 December 2023, filed 20 February 2024: the filing.