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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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$41.48B-2.3%
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$4.91B-4.5%
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PRUClosed Block division — Liability for Future Policy Benefit, Expected Future Policy Benefit, Cumulative Increase (Decrease) from Cash Flow Change
$0
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AFLClosed Block — Reinsurance deferred profit liability
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KKRInsurance — Closed Block Liabilities
$980.12M-2.1%
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KKRInsurance — Closed block policy liabilities, measurement input
$780.0%

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:SupplementaryInsuranceInformationLiabilityForFuturePolicyBenefitsLossesClaimsAndLossExpenseReserves.

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 — 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 total estimated amount of money set aside to pay future claims on legacy insurance policies.
How do you interpret closed block — reserves for future policy contract benefits?
An increase suggests higher projected claims or lower discount rates, while a decrease may reflect maturing policies or improved actuarial experience.
How does closed block — reserves for future policy contract benefits compare across companies?
Equivalent to 'Future Policy Benefits' or 'Insurance Contract Liabilities' at other life and disability insurance companies.