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Unum UNM Future policy benefits

Future policy benefits at other companies

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$206.15B+3.6%
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Segments

By segment

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Closed Block$15.3B-12.1%
Unum US$7.91B-6.9%
Unum International$2.26B-2.8%
Colonial Life$2.06B+4.7%
Other Products$219.4M+3.5%

By product

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Long-term Care$13.59B-12.6%
Other Insurance Product Line$1.7B-7.5%
Voluntary Benefits$1.14B+0.9%

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:LiabilityForFuturePolicyBenefits.

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
Liabilities and Stockholders' Equity
Liabilities
Future Policy Benefits$37,610.7$38,017.0
Policyholders' Account Balances5,980.55,636.4
Unearned Premiums572.0412.8
Other Policyholders’ Funds1,469.51,479.7
Income Tax Payable101.852.2
Deferred Income Tax37.438.8

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's future policy benefits?
Unum (UNM) reported future policy benefits of $37.61B in Q2 2026.
How has Unum's future policy benefits changed year-over-year?
Unum's future policy benefits increased by 1.2% year-over-year, from $37.18B to $37.61B.
What is the long-term trend for Unum's future policy benefits?
Over 3 years (2022 to 2025), Unum's future policy benefits has grown at a -0.5% compound annual growth rate (CAGR), from $38.58B to $38.02B.
What does future policy benefits mean?
This is a critical liability representing the present value of estimated future benefit payments to policyholders, adjusted for expected premiums. It is calculated using actuarial assumptions regarding mortality, morbidity, and interest rates. For Unum, this represents the long-term commitment to pay disability and life insurance claims.

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