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Unum UNM Closed Block — Reserves for Future Policy Contract Benefits

Other segment segments

Unum US
$8.49B-2.0%
Unum International
$2.4B+11.2%
Colonial Life
$2.03B+6.7%

Similar metrics at other companies

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GNWClosed Block — Future Policy Benefits
$55.23B+3.0%
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PRUClosed Block division — Future Policy Benefits, Losses, Claims Expenses
$41.48B-2.3%
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JXNClosed Life and Annuity Blocks — Reserves for Future Policy Benefits and Claims Payable
$9.4B-2.7%
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JXNInstitutional Products — Reserves for Future Policy Benefits and Claims Payable
$0
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JXNRetail Annuities — Reserves for Future Policy Benefits and Claims Payable
$1.5B+6.2%
Voya Financial logo
VOYAEmployee Benefits — Future Policy Benefits and Contract Owner Account Balances
$2.3B-5.7%

Other financials

Income statement

See full
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

See full
Net margin5.3%-6.5pp
FCF margin11.2%+1.4pp

Returns & leverage

See full
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:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

The source filing: Unum’s 10-K, filed February 17, 2026.

Filed
Feb 17, 2026, 4:30 PM EST
Fiscal year
FY2025
Accession
0000005513-26-000008

| Unum US | $1,208.7 | $8,493.4 | $665.7 | $48.7 | | Unum International | 72.1 | 2,404.3 | — | 201.5 | | Colonial Life | 1,639.5 | 2,032.0 | 858.9 | 46.9 | | Closed Block | — | 25,087.3 | 4,111.8 | 115.7 | | Total | $2,920.3 | $38,017.0 | $5,636.4 | $412.8 | | December 31, 2024 | | | | | | Unum US | $1,260.6 | $8,669.7 | $675.7 | $51.7 | | Unum International | 53.0 | 2,163.0 | — | 165.5 | | Colonial Life | 1,529.2 | 1,904.2 | 862.5 | 45.4 | | Closed Block | — | 24,069.5 | 4,095.5 | 121.4 |

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

FAQ

What is Unum's closed block — reserves for future policy contract benefits?
Unum (UNM) reported closed block — reserves for future policy contract benefits of $25.09B in Q4 2025.
How has Unum's closed block — reserves for future policy contract benefits changed year-over-year?
Unum's closed block — reserves for future policy contract benefits increased by 4.2% year-over-year, from $24.07B to $25.09B.
What does closed block — reserves for future policy contract benefits mean?
The estimated liability for future claims and benefits payable to policyholders in a closed block of business. This reserve is calculated based on actuarial assumptions regarding mortality, morbidity, and interest rates. It represents the core long-term obligation of the insurer for legacy products that are no longer being actively sold.

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