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Unum UNM Closed Block — Amortization of Deferred Acquisition Costs

Other segment segments

Unum US
$68.7M+5.4%
Colonial Life
$62.1M+7.6%
Unum International
$3.4M+36.0%
Corporate
$0

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AMPUniversal Life Insurance — Amortization of deferred acquisition costs
$2M0.0%
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PRUClosed Block division — Amortization of DAC
$3M0.0%
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$5.25M-12.5%
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CBLife Insurance — Deferred Policy Acquisition Costs, Amortization Expense
$362M+16.8%

Other financials

Income statement

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Revenue$3.4B+8.5%
Operating income$501.8M+2.4%
Net income$232.0M+22.7%
EPS (diluted)$1.41+33.0%

Balance sheet

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Cash & equivalents$192.6M-19.0%
Total debt$3.8B+0.5%
Total equity$10.9B-2.9%
Total assets$62.7B+0.4%

Cash flow

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Operating cash flow$340.8M-3.6%
CapEx$39.6M+10.6%
Free cash flow$301.2M-5.2%

Valuation

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Market cap$14.38B-17.0%
Enterprise value$17.95B-13.3%
P/E18.4×+7.4×
P/S1.1×-0.3×

Profitability

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Net margin5.9%-6.5pp
FCF margin11.2%+1.4pp

Returns & leverage

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Return on equity7.1%-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:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: Unum’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Unum's closed block — amortization of deferred acquisition costs?
Unum (UNM) reported closed block — amortization of deferred acquisition costs of $0 in Q1 2026.
What does closed block — amortization of deferred acquisition costs mean?
The annual expense recognized from previously capitalized acquisition costs.
How do you interpret closed block — amortization of deferred acquisition costs?
Declining amortization reflects the natural runoff and aging of the closed block portfolio.
How does closed block — amortization of deferred acquisition costs compare across companies?
Comparable to 'DAC Amortization' found in the financial statements of life and health insurers.