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Unum UNM Closed Block — Deferred Acquisition Costs

Other segment segments

Colonial Life
$1.64B+7.2%
Unum Us
$1.21B-4.1%
Unum International
$72.1M+36.0%

Similar metrics at other companies

Equitable Holdings logo
EQHCB — Deferred policy acquisition costs
$96M-8.6%
Prudential Financial logo
PRUClosed Block division — Deferred Policy Acquisition Costs
$144M-7.7%
Equitable Holdings logo
EQHCB — Deferred Policy Acquisition Costs Recovery of Acquisition Cost
$0
Equitable Holdings logo
EQHCB — Deferred Policy Acquisition Costs, Amortization Expense
$2M0.0%
Aflac logo
AFLClosed Block — Assumed benefits and claims from other companies
$17M-41.4%
Ameriprise Financial logo
AMPOther Life Insurance — Deferred acquisition costs
$1M-50.0%

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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

The official record: Unum’s 10-K, filed February 17, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Unum's closed block — deferred acquisition costs?
Unum (UNM) reported closed block — deferred acquisition costs of $0 in Q4 2025.
What does closed block — deferred acquisition costs mean?
The unamortized portion of costs incurred to acquire insurance policies that are still in force.
How do you interpret closed block — deferred acquisition costs?
A declining balance is expected as policies mature and costs are amortized, while sudden changes may indicate impairment or changes in expected policy life.
How does closed block — deferred acquisition costs compare across companies?
Standard accounting metric for life and health insurers; comparable to DAC balances at peer insurance firms.