Unum Group (NYSE: UNM) today reported net income of $229.9 million ($1.00 per diluted common share) for the first quarter of 2017, compared to net income of $210.6 million ($0.88 per diluted common share) for the first quarter of 2016.
Net income includes net after-tax realized investment gains and losses on the companys investment portfolio and also, in the first quarter of 2017, a loss from a guaranty fund assessment related to an unaffiliated insurer that was declared insolvent of $20.6 million before tax and $13.4 million after tax ($0.06 per diluted common share). The net after-tax realized investment gain was $7.2 million ($0.04 per diluted common share) in the first quarter of 2017, compared to a net loss of $13.6 million ($0.0…
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