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Unum UNM Closed Block — All Other Expenses

Other segment segments

Unum US
$2.12B+5.2%
Colonial Life
$431.5M+4.5%
Corporate and Other Segment
$389.6M+46.2%
Unum International
$300.3M+14.0%

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EQHRetirement — All other operating expense
$197.25M+216%
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EQHAsset Management — All other operating expense
$873.25M+3.8%

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:SupplementaryInsuranceInformationOtherOperatingExpense.

The source filing: Unum’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:30 PM EST
Fiscal year
FY2025
Accession
0000005513-26-000008

| Unum US | $7,083.5 | $604.2 | $4,120.4 | $283.3 | $2,115.2 | $4,947.5 | | Unum International | 1,082.8 | 145.6 | 767.4 | 10.7 | 300.3 | 613.6 | | Colonial Life | 1,839.1 | 172.6 | 876.2 | 233.1 | 431.5 | 1,278.1 | | Closed Block | 825.6 | 1,016.5 | 2,301.3 | — | 313.0 | 818.8 | | Corporate | — | 93.8 | — | — | 389.6 | — | | Total | $10,831.0 | $2,032.7 | $8,065.3 | $527.1 | $3,549.6 | | | December 31, 2024 | | | | | | | | Unum US | $6,883.2 | $632.2 | $3,864.7 | $292.5 | $2,011.3 | $4,834.0 | | Unum International | 949.5 | 128.8 | 656.7 | 9.5 | 263.4 | 581.6 | | Colonial Life | 1,783.9 | 161.5 | 804.7 | 219.0 | 413.0 | 1,247.4 |

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

FAQ

What is Unum's closed block — all other expenses?
Unum (UNM) reported closed block — all other expenses of $78.25M in Q4 2025.
How has Unum's closed block — all other expenses changed year-over-year?
Unum's closed block — all other expenses increased by 28.8% year-over-year, from $60.75M to $78.25M.
What is the long-term trend for Unum's closed block — all other expenses?
Over 4 years (2021 to 2025), Unum's closed block — all other expenses has grown at a 2.5% compound annual growth rate (CAGR), from $284M to $313M.
What does closed block — all other expenses mean?
Captures the operating and administrative costs associated with maintaining a closed block of business, excluding direct benefit payments and commissions. This includes overhead, legal, and administrative support required to service legacy policyholders. Monitoring this is critical for assessing the cost-efficiency of managing a business segment that is no longer generating new sales.

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