What is Unum's closed block — deferral of acquisition costs?

Unum (UNM) reported closed block — deferral of acquisition costs of $0 in Q1 2026.

What does closed block — deferral of acquisition costs mean?

The portion of acquisition costs that are capitalized rather than expensed immediately.

How do you interpret closed block — deferral of acquisition costs?

A value of zero indicates that no new business is being added to the closed block, which is typical for legacy segments.

How does closed block — deferral of acquisition costs compare across companies?

Similar to 'Deferred Policy Acquisition Costs (DAC)' capitalization rates at other insurance companies.

Unum UNM Closed Block — Deferral of Acquisition Costs

Other segment segments

Unum US

$91.6M+8.1%

Colonial Life

$89.8M+8.7%

Unum International

$9.2M+73.6%

Corporate

$0—

Similar metrics at other companies

PRUClosed Block division — Deferred Policy Acquisition Costs

$144M-7.7%

EQHCB — Deferred policy acquisition costs

$96M-8.6%

PRUGuaranteed Universal Life — Deferred Policy Acquisition Cost

$546M+5.6%

EQHCB — Deferred Policy Acquisition Costs, Amortization Expense

$2M0.0%

UHAL.BProperty And Casualty Insurance — Deferred Policy Acquisition Costs And Value Of Business Acquired

——

CRBGLife Insurance — Deferred Policy Acquisition Cost

——

Other financials

Income statement

See full

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

See full

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 unm:DeferralOfAcquisitionCosts.

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

Ask your AI about Unum's closed block — deferral of acquisition costs.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Unum's closed block — deferral of acquisition costs?: Unum (UNM) reported closed block — deferral of acquisition costs of $0 in Q1 2026.
What does closed block — deferral of acquisition costs mean?: The portion of acquisition costs that are capitalized rather than expensed immediately.
How do you interpret closed block — deferral of acquisition costs?: A value of zero indicates that no new business is being added to the closed block, which is typical for legacy segments.
How does closed block — deferral of acquisition costs compare across companies?: Similar to 'Deferred Policy Acquisition Costs (DAC)' capitalization rates at other insurance companies.