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Unum UNM Closed Block — Current discount rate

Other segment segments

Colonial Life
5.4%+1.9%
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5.1%+4.1%
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4.8%+4.3%

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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:LiabilityForFuturePolicyBenefitCurrentWeightedAverageDiscountRate.

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 itemLong-term CareAll OtherTotal Closed Block
Expected future benefit payments$57,891.4$9,854.3$67,745.7
Expected future gross premiums$11,848.3$11,848.3
Amount of discounted (at interest accretion rate):
Expected future gross premiums$7,295.0$7,295.0
Weighted average interest rate:
Interest accretion rate5.6%4.6%5.3%
Current discount rate5.6%5.3%5.5%
Weighted average duration of the liability14.2 years7.0 years12.1 years

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's closed block — current discount rate?
Unum (UNM) reported closed block — current discount rate of 5.5% in Q2 2026.
How has Unum's closed block — current discount rate changed year-over-year?
Unum's closed block — current discount rate decreased by 0.0% year-over-year, from 5.5% to 5.5%.
What is the long-term trend for Unum's closed block — current discount rate?
Over 3 years (2022 to 2025), Unum's closed block — current discount rate has grown at a 5.1% compound annual growth rate (CAGR), from 18.6% to 21.6%.
What does closed block — current discount rate mean?
The current discount rate is the interest rate used to present value the expected future cash flows of insurance liabilities. It is a critical actuarial assumption that directly impacts the valuation of reserves on the balance sheet. Changes in this rate reflect shifts in market interest rates and the company's long-term economic outlook.

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