Unum Group (NYSE:UNM) Q4 2022 Earnings Conference Call February 1, 2023 8:00 AM ET
Company Participants
Matt Royal – Senior Vice President-Investor Relations
Rick McKenney – President and Chief Executive Officer
Steve Zabel – Executive Vice President and Chief Financial Officer
Mike Simonds – Executive Vice President and Chief Operating Officer
Mark Till – Executive Vice President, and Chief Executive Officer-Unum International
Tim Arnold – Executive Vice President, Voluntary Benefits and President-Colonial Life
Conference Call Participants
Wilma Burdis – Raymond James
Erik Bass – Autonomous Research
Jimmy Bhullar – J.P. Morgan
Tom Gallagher – Evercore ISI
Mark Hughes – Truist
Ryan Krueger – KBW
Mike Ward – Citi
Suneet Kamath – Jefferies
Operator
Hello, and welcome to today's Unum Group Fourth Quarter 2020 Earnings Results and Conference Call. My name is Bailey, and I'll be the moderator for today's call. [Operator Instructions] I would now like to pass the conference over to our host, Matt Royals, Senior Vice President, Investor Relations. Please go ahead.
Matt Royal
Great. Thank you, Bailey. Good morning, and welcome to the fourth quarter 2022 earnings for Unum Group. Our remarks today will include forward-looking statements, which are statements that are not of current or historical fact. As a result, actual results may differ materially from results suggested by these forward-looking statements.
Information concerning factors that could cause results to differ appears in our filings with the Securities and Exchange Commission, and are also located in the section titled cautionary statement regarding forward-looking statements and Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2021, and our subsequent quarterly reports on Form 10-Q.
Our SEC filings can be found in the Investors section of our website at www.unum.com. I remind you that the statements in today's call speak only as of the date they are made, and we undertake no obligation to publicly update or revise any forward-looking statements. A presentation of the most directly comparable GAAP measures and reconciliations any non-GAAP financial measures included in today's presentation can be found in our statistical supplement on our website in the Investors section.
Yesterday afternoon, Unum reported fourth quarter 2022 net income of $279.6 million or $1.39 per diluted common share, an increase from $159 million – $159.7 million or $0.78 per diluted common share in the fourth quarter of 2021. Net income for the fourth quarter of 2022 included the after-tax amortization of the cost of reinsurance of $12 million or $0.06 per diluted common share and a net after-tax investment gain on the company's investment portfolio of $4.9 million or $0.02 per diluted common share.