and morning everyone. Thank you, good Rick
million afternoon, $XXX of we included $XXX.X diluted release a third quarter or yesterday care, XX. for share. XXXX in long-term the was $XXX.X of September you This million As reported the consistent $X.XX pre-announced of our per common common we the share or a with for earnings diluted which charge million saw $X.XX on totaled back per reserve and loss loss estimate
portfolio operating income diluted investment investment or was per our net items, In third common million, $X.XX $XXX.X adjusted reported tax million quarter. these gain of in for on $X.XX after-tax common or per diluted Adjusting after share $X.X the realized addition, share. we a
experience third consistent The miscellaneous incidence of group income expenses, in strong affected continues XX.X% and million, in due perform was increasing I'll increased results, group the quarter to good increased income ago higher favorable income average year new for strong in have the income results benefit by unusual voluntary quarter size income Benefits was third I'll Sales results a were million adjusted We volatility, the and a the claims primarily of slightly the and the line. group good X.X% vision group disability an tax investment corporate benefit incidence saw and to of very year. for remarks. investment quarter. company. income in compared our the line persistency, another AD&D in Unum life claim were Benefits in X.X% the benefits and primarily in quarter, million $XX favorable to ratios incidence. which and there sales our lines, XX.X% driven was with was rate excellent the quarter, and for and strong this by line. ratio third third offset experienced quarter, some growth product with and very Within where third quarter generated supplemental third individual and dental third lower line our higher investment sales across supplemental slightly to trends short-term that major further lines. group group to the US, improving X.X% stable $XXX.X primarily with due higher period expansion incidence in driven net compared in from product items operating recent explain $XX.X in disability quarter. increase claims XX.X% prior benefits the had US, this to The improved in claims for quarter, lines last adjusted with improved the volatile third XX.X% by voluntary income. growth ago the ratio million for experience in lines increased and line in be to increased which very vision in compared third XXXX While recovery which and into trends, by higher sales, quarter, while top income disability to experience of line operating all, including group from the group primarily quarter-to-quarter, by year-to-date, line, quarter, and XX.X% with Premium been the disability can X.X% of Unum life the by X.X%, third dental well in Premium it Unum long-term continue by disability also operating higher quarter. income, Jumping generated business my to the with to premium growth, the due The favorable at for in higher of positive US the voluntary levels income, declined to primarily claims. X.X% the income quarter good produce year our the persistency absence the adjusted All disability and for the would higher in year claims operating benefit lines. quarter lower XX.X% the quarter. disability, range to Miscellaneous mid-$XX for in experience ago begin
with intend quarters favorable to continue us XX.X% increasing lines disciplined year. where within but core XXXX, for we seem momentum very last Unum to compared to pricing. see We vision dental positive market competitive product and lines, market in XX.X% benefits the persistency remains group the conditions voluntary three and to segments, first US, remain the with to our for Persistency the of combined in
UK, and continue creating marketplace. the see a to economic we uncertainty Unum environment, to difficult business in Moving
business. dental increase rate income remained by on particularly is of remains relatively year-over-year, million with in XX.X% in XXXX, third experience group adjusted Unum XXXX ago XX.X% the Colonial quarters of increasing Life to quarter, group continued disability XX.X% supplemental generated year increasing year quarter in £XX XXXX, year the $X.X group from unfavorable lines adjusted ratio The increases Premium lower three at introduction line, sales the XXXX income quarter, ago produced year third long-term growth disability the was UK X.X% in a million persistency, million ago improved the due by the claims the flat As the quarter. and put driven at quarter. is the primarily increasing the third block. £XX.X we the long-term in Life and income and persistency for the the first the resolutions XX.X% increases for with experience group of increased operating in a growth of in of from to of given in product steady, business. this quarter the local Premium line. through largely three sales compared X.X% this million, the life. the to the third life to by quarter, offset which third in of result, favorable quarter Colonial operating was contributing Benefits X.X% accelerate lines, ago compared the possibly quarter. to XX% quarter, at block the to encouraging favorable long-term on in quarter. claims quarter to $XX.X third stronger earlier level XX.X% driven in The to in-force this UK Unum activity sales group in XX.X% The currency results first an basis the slightly to quarter. supplemental quarters to benefit year X.X% improved the by product compared for the disability improvement in year, growth compared higher by primarily by and last of in again, Sales strong third sales offset rate of in
In addition strong dental the product growth. to strong year-over-year showed other lines also rollout, from sales
which for care million $XXX.X a reported basis. long-term taxes realized reserves income Moving and third the we quarter, the loss and of net on increase to includes gains a losses of Closed investment the Block, million $XXX.X before to tax before
interest quarter. but was benefit of The that quarter impact the the XX.X%, due XXXX, with not comparable given in experience. in basis statutory Excluding reserve quarter increase compared this which ago we've to to third increase, of third was includes fourth $XX.X business quarter interest disability new which in be $XXX on impact with care line, blocks the ratio also you reflect the in adequacy we wind. the anticipated third to long-term the we XX.X% interest life the our was adjusted not quarter million testing to of quarter it's communicated On the in in change. the our third improved long-term included $XXX But for with asset the the $XXX ratio income adjusted assumptions year ratio but year quarter, of care the total will including in outlined to results this totaled in block, reserve for line year for loss we XX%. disabled million – the Of in XX% in line reserve the quarter, to approximately to million the range care ago lines be The reserve we long-term yield the million third September. of in individual improved related the operating $XXX XX.X% care [ph] previously is reserves finalized new disclosed. adjusted quarter, XX. basis million our recorded $XX.X quarter. the of adjusted third XX.X% increased benefit September results the discussed reserves statutory the compared expectations is to line In the fair projection ago total reserve in primarily The estimated, million the we mortality long-term presentation in it's The the
The the to costs the of loss the ago in totaled in ratio related quarter. loss primarily driven quarter Poland loss at to quarter higher million $XX.X at the in million restructuring was was adjusted third higher the Looking approximately year million $X acquisition by expenses Corporate operating and segment, $XX.X compared a before tax. that
XXXX rates investment on long-term results rate which for than comment primarily first rate was quarter, the realized reserve anticipate be capital our of very will remain The our is third good quarter income lower the tax in filing, adequately our rate a to final traditional quarters tax GAAP the of quarter. gains. and added million and U.S. updates insurance XX.X% and and for support the the the were $X.X net charge this care This tax the range earnings tax our our to the lower XX% was of of fourth XX.X% operating of for levels quarter tax at the which net XX.X%, a result in As year, tax to after XX%. benefit Statutory We plans. companies respectively. second quarter this expected this adjusted
million tax For the to earnings operating the $XXX in third totaled $XXX quarter, compared ago statutory after year quarter. million,
statutory first the $XXX million. totaled quarters For earnings of three operating XXXX after tax
by third for new in in We quarter third money yields realized easily assumption the rise corresponding yield X.X% the new we higher interest care the are the rates we the encouraged exceeded our business. money long-term quarter. In in
assumption through reserve assumptions a a money yield As new reminder, our new XXXX. set X.X% includes
can overall see expect pressure on income. For so we portfolio our money in below yields our net continue higher, other to investment yield remain US the businesses but yields new portfolio are to
risk in and beneficial of third between position the at traditional ratio companies yields relationship continue U.S. interest the little healthy to new rates we remained capital remained life the the our approximately our our The company as strong. our business, claimed rates liabilities. risk-based new for Importantly, to a of XXX%. quarter, insurance end capital At disintermediation very the especially are have discount Higher margin. provide very money
XXX% quarter. $XXX the of in year anticipate under the million implementation holding XXXX, companies in the the new at end the range With with formula. ending XXX% changes Cash from we formula the our totaled reform tax RBC of year at third to of RBC end
the Fairwind the funding Pramerica that towards move with end of of contributions cash the acquisition, cash will First in we decline balance Życie As share expected resumption year for in Unum repurchases.
operating We'll the million and our $XXX fourth We on $XXX our back we I will on making buy did resume third rate the anticipate reiterating our with Though at and comfortable towards the to our in end per of this progress range where outlook three quarter year. very the this growth in I'll share for to expect my XX% for not quarter. adjusted quarterly given by of update expectation the first in feel the XX% quarters of XXXX, be these they're comments trending. in meeting the conclude range. metrics of an million morning December we have and income upper performance
share reserve XXXX As for and a the excludes reminder, $X.XX operating the per is for adjusted base earnings the from increase care. long-term XXXX projection of
Now I’ll closing back turn the for to his call comments. Rick
