Unum sales and earnings grow
Unum, the insurance company that employs more than 600 in downtown Worcester, saw earnings growth in the second quarter based on its core businesses in the United States and United Kingdom, the company reported.
Operating income for the company’s U.S. units rose slightly to $218.8 million, an increase of 2.2 percent over the second quarter of last year, it said Wednesday. In addition, Unum said U.S. sales jumped 40 percent from last year when market activity was much slower, in large part due to the implementation of health care reform.
Overall, the company reported that after-tax operating income for the quarter was $234.8 million, or 91 cents per share, a jump from $218.5 million, or 82 cents per share, in the second quarter of 2013. It also reported net income of $242.5 million, or 94 cents per share, compared to $218.6 million, or 82 cents a share, a year ago.
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