What is Unum's closed block — capitalization?

Unum (UNM) reported closed block — capitalization of $0 in Q4 2024.

What does closed block — capitalization mean?

The accounting practice of recording expenditures as assets rather than immediate expenses.

How do you interpret closed block — capitalization?

High capitalization may indicate significant investment in legacy systems, while zero capitalization suggests a focus on minimal maintenance.

How does closed block — capitalization compare across companies?

Standard accounting practice; comparable to 'Capitalized Software' or 'Capital Expenditures' at peer firms.

Unum UNM Closed Block — Capitalization

Discontinued — last reported Q4 '24

Other segment segments

Unum US

$91.6M+8.1%

Colonial Life

$89.8M+8.7%

Unum International

$9.2M+73.6%

Similar metrics at other companies

EQHCB — Capitalization

$0—

EQHCB — Deferred Policy Acquisition Costs Recovery of Acquisition Cost

$0—

EQHCB — Deferred policy acquisition costs

$96M-8.6%

CRBGCorporate & Other — Capitalization

——

CRBGInstitutional Markets — Capitalization

——

EQHClosed Block Operations, Benefits and Expense

——

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

See full

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

See full

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

See full

Net margin5.9%-6.5pp

FCF margin11.2%+1.4pp

Returns & leverage

See full

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:DeferredPolicyAcquisitionCostsAdditions.

The official record: Unum’s 10-K, filed February 27, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Unum's closed block — capitalization?: Unum (UNM) reported closed block — capitalization of $0 in Q4 2024.
What does closed block — capitalization mean?: The accounting practice of recording expenditures as assets rather than immediate expenses.
How do you interpret closed block — capitalization?: High capitalization may indicate significant investment in legacy systems, while zero capitalization suggests a focus on minimal maintenance.
How does closed block — capitalization compare across companies?: Standard accounting practice; comparable to 'Capitalized Software' or 'Capital Expenditures' at peer firms.