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Unum Group (UNM) FY2024 results: revenue $12.9 billion, up 4.0% on the year

Unum Group (UNM) reported revenue of $12.9 billion for fiscal 2024, the year ended 31 December 2024, up 4.0% on the year before. Net income was $1.8 billion, up 38.6%, and diluted earnings per share $9.46. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue
$12.9 billion
+4.0% on the year
FY2017FY2024
Operating margin
17.5%
13.2% a year earlier
FY2017FY2024
Net income
$1.8 billion
+38.6% on the year
FY2017FY2024
Diluted EPS
$9.46
+45.5% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue12,88712,38611,991+4.0%
Operating income2,2511,6401,757+37.3%
Operating margin17.5%13.2%14.7%
Pre-tax income2,2511,6401,750+37.3%
Income tax472356343+32.5%
Effective tax rate21.0%21.7%19.6%
Net income1,7791,2841,407+38.6%
Net margin13.8%10.4%11.7%
Diluted EPS$9.46$6.50$6.96+45.5%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,5131,2031,419+25.8%
Capital expenditure126135102-6.8%
Free cash flow1,3881,0681,316+29.9%
Free cash flow margin10.8%8.6%11.0%
Cash from investing-344-726-956
Cash from financing-1,152-450-419
Depreciation and amortisation116109110+6.7%
Share-based compensation47.864.152.7-25.4%
Buybacks973250200+289.0%
Dividends paid296277254+7.0%
Dividend per share$1.57$1.39$1.26+12.9%
Diluted shares, weighted188m198m202m-4.8%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity10,9619,6518,735+13.6%
Debt3,7403,4303,430+9.0%
Other liabilities47,25850,17348,984-5.8%
Total liabilities and equity61,95963,25561,148-2.0%
Fixed assets488485452+0.5%
Goodwill349350348-0.2%
Securities held for sale or to maturity35,63036,83434,841-3.3%
Securities borrowed62.763.188.5-0.6%
Cash and equivalents163146119+11.5%
Other assets25,26725,37725,301-0.4%
Total assets61,95963,25561,148-2.0%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.