ARTICLE TOOLS
Text Size: A
A
A
A
Chattanooga: Unum results to meet estimates; investment income down
Unum Group’s third quarter operating income will be in the range of 62 cents to 64 cents per share, the Chattanooga-based insurer reported today.
Unum said it has no plans to raise additional capital, even though it said net realized after-tax investment losses for the quarter totaled $109 million, or 32 cents per share.
The provider of employee-benefits products forecast net income for the quarter ended Sept. 30 will be between $100 million and $108 million, or 30 cents to 32 cents a share.
“Our preliminary third-quarter operating results are in line with our expectations as all of our businesses continue to perform well," Chief Executive Thomas Watjen said in a statement. "While our realized and unrealized investment losses are higher than in recent quarters, we remain pleased with our investment performance."
Unum is expected to report results on Oct. 30.
Share This...
These icons link to social bookmarking sites where readers can share and discover new web pages.
del.icio.us
digg
Furl
YahooMyWeb
co.mments
Ma.gnolia
blogmarks
BlinkList
NewsVine
scuttle
Fark
This document may not be reprinted without the express written permission of Chattanooga Publishing Company, Inc.
Comments
Post a comment
Commenting requires registration.