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Unum UNM Colonial Life — Adjusted Benefits and Expenses

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WEXBenefits — Sales and marketing expense, adjusted
$16.4M+12.3%

Other financials

Income statement

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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

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

Returns & leverage

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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 unm:AdjustedBenefitsAndExpenses.

The source filing: Unum’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000005513-26-000075
Line itemUnum USUnum InternationalColonial LifeClosed BlockCorporateTotal
Interest and Debt Expense53.353.3
Deferral of Acquisition Costs(89.7)(7.1)(90.6)(187.4)
Amortization of Deferred Acquisition Costs70.92.761.8135.4
Other Segment Items1,2419.458.495.576.29.8659.3
Benefits and Expenses1,750.3309.9396.5504.065.43,026.1
Segment Adjusted Operating Income (Loss)$329.6$24.3$131.4$(75.4)$(44.5)$365.4
1Excludes the impact of the strategic actions in the Corporate segment.
2For each reportable segment, other segment items includes compensation, other personnel expenses, taxes, licenses and fees, depreciation, intangible asset amortization and other expenses. Depreciation and intangible asset amortization during the three months ended June 30, 2026 was $21.0 million, $6.5 million, $4.4 million, $1.6 million, and $17.6 million for our Unum US, Unum International, Colonial Life, Closed Block and Corporate segments, respectively.

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's colonial life — adjusted benefits and expenses?
Unum (UNM) reported colonial life — adjusted benefits and expenses of $396.5M in Q2 2026.
How has Unum's colonial life — adjusted benefits and expenses changed year-over-year?
Unum's colonial life — adjusted benefits and expenses increased by 2.3% year-over-year, from $387.6M to $396.5M.
What is the long-term trend for Unum's colonial life — adjusted benefits and expenses?
Over 3 years (2022 to 2025), Unum's colonial life — adjusted benefits and expenses has grown at a 2.4% compound annual growth rate (CAGR), from $1.44B to $1.55B.
What does colonial life — adjusted benefits and expenses mean?
This represents the total operating costs for the segment, including both benefit payments and administrative expenses, adjusted for non-recurring items. It provides a comprehensive view of the segment's total cost structure. This is essential for calculating the segment's operating margin.

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