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Unum UNM Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

Aflac logo
AflacAFL
$8.95B-3.7%
The Hartford Financial Services Group logo
The Hartford Financial Services GroupHIG
$1.46B+7.5%
MetLife logo
MetLifeMET
$21.57B+2.8%
Prudential Financial logo
Prudential FinancialPRU
$21.88B+3.1%
CNO Financial Group logo
CNO Financial GroupCNO
$2.51B+10.2%
Voya Financial logo
Voya FinancialVOYA
$2.33B-5.8%

Segments

By segment

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Colonial Life$1.7B+7.4%
Unum US$1.25B-3.4%
Unum International$79M+19.0%

By product

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Voluntary Benefits$633M+2.0%
Dental and Vision$13M-2.3%

Other financials

Income statement

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Revenue$3.4B+0.3%
Operating income$501.8M+2.4%
Net income$256.9M-23.5%
EPS (diluted)$1.61-16.1%

Balance sheet

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Cash & equivalents$199.2M-83.3%
Total debt$3.8B+0.5%
Total equity$10.8B-4.5%
Total assets$63.5B+1.0%

Cash flow

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Operating cash flow$503.5M+44.7%
CapEx$29.2M+4.7%
Free cash flow$474.3M+48.2%

Valuation

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Market cap$14.1B+17.5%
Enterprise value$17.67B+21.4%
P/E20.1×+12.2×
P/S1.1×+0.1×

Profitability

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Net margin5.3%-6.5pp
FCF margin11.2%+1.4pp

Returns & leverage

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Return on equity6.4%-7.6pp
Debt / equity0.3×0.0×

Where this comes from

Reported directly by Unum in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: Unum’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000005513-26-000075
Line itemJune 30 / 2026December 31 / 2025
Accounts and Premiums Receivable (net of allowance for credit losses of $26.9; $26.1)1,630.01,429.8
Reinsurance Recoverable (net of allowance for credit losses of $0.5; $1.4)11,091.311,574.6
Accrued Investment Income681.1596.0
Deferred Acquisition Costs3,025.42,920.3
Goodwill353.0353.9
Property and Equipment506.1503.7
Deferred Income Tax48.479.5
Other Assets2,249.72,382.6

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's deferred policy acquisition costs?
Unum (UNM) reported deferred policy acquisition costs of $3.03B in Q2 2026.
How has Unum's deferred policy acquisition costs changed year-over-year?
Unum's deferred policy acquisition costs increased by 2.9% year-over-year, from $2.94B to $3.03B.
What is the long-term trend for Unum's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Unum's deferred policy acquisition costs has grown at a 5.1% compound annual growth rate (CAGR), from $2.27B to $2.92B.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to acquiring new insurance policies, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This accounting treatment matches expenses with the revenue generated over the policy term. It is a key indicator of growth and future profitability.

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