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Unum UNM Closed Block — Effect of change in discount rate assumptions

Other segment segments

Colonial Life
-$182.4M+8.2%
Unum US
-$89.4M+4.4%
Unum International
-$41.5M-10.7%

Similar metrics at other companies

Prudential Financial logo
PRUClosed Block division — Liability for Future Policy Benefit, Expected Future Policy Benefit, before Reinsurance, after Discount Rate Change
$375M
Globe Life logo
GLOther — Effect of changes in discount rate assumptions
$310.82M-21.5%
Aflac logo
AFLMedical and other health — Effect of changes in discount rate assumptions
-$1.4B-238%
Chubb logo
CBCurrent discount rate on future policy benefits
$386M+416%
American International Group logo
AIGChange in discount rates
$5M-44.4%
Cincinnati Financial logo
CINFTerm Life Insurance — Effect of changes in discount rate assumptions
-$117M-7.3%

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:AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax.

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 — effect of change in discount rate assumptions?
Unum (UNM) reported closed block — effect of change in discount rate assumptions of $124.3M in Q1 2026.
How has Unum's closed block — effect of change in discount rate assumptions changed year-over-year?
Unum's closed block — effect of change in discount rate assumptions decreased by 16.2% year-over-year, from $148.4M to $124.3M.
What is the long-term trend for Unum's closed block — effect of change in discount rate assumptions?
Over 3 years (2022 to 2025), Unum's closed block — effect of change in discount rate assumptions has grown at a -24.8% compound annual growth rate (CAGR), from $2B to $850.3M.
What does closed block — effect of change in discount rate assumptions mean?
The change in insurance reserve values resulting from updates to the interest rates used for discounting.
How do you interpret closed block — effect of change in discount rate assumptions?
A decrease in the discount rate typically increases the liability, while an increase in the discount rate typically decreases the liability.
How does closed block — effect of change in discount rate assumptions compare across companies?
A critical sensitivity metric for any insurer with long-duration liabilities under current accounting standards.