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Unum UNM Colonial Life — Effect of change in discount rate assumptions

Other segment segments

Closed Block
$122.2M-28.1%
Unum US
-$86.9M-7.4%
Unum International
-$24.8M+27.5%

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-$30.2M+2.6%
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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

See full
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 us-gaap:AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax.

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 itemJune 30 / 2026June 30 / 2025
Interest accretion73.072.1
Net premiums collected(326.5)(319.5)
Ending balance at original discount rate3,884.33,826.8
Effect of change in discount rate assumptions(176.4)(180.1)
Balance, end of period$3,707.9$3,646.7
Present Value of Expected Future Policy Benefits
Balance, beginning of year$5,710.4$5,434.9
Beginning balance at original discount rate6,179.46,026.2

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's colonial life — effect of change in discount rate assumptions?
Unum (UNM) reported colonial life — effect of change in discount rate assumptions of -$176.4M in Q2 2026.
How has Unum's colonial life — effect of change in discount rate assumptions changed year-over-year?
Unum's colonial life — effect of change in discount rate assumptions increased by 2.1% year-over-year, from -$180.1M to -$176.4M.
What is the long-term trend for Unum's colonial life — effect of change in discount rate assumptions?
Over 3 years (2022 to 2025), Unum's colonial life — effect of change in discount rate assumptions has grown at a -1.7% compound annual growth rate (CAGR), from -$692.5M to -$657.6M.
What does colonial life — effect of change in discount rate assumptions mean?
This measures the impact on the valuation of insurance liabilities caused by changes in the discount rates used to calculate the present value of future cash flows. Because long-term liabilities are highly sensitive to interest rates, this metric captures the accounting volatility introduced by market rate movements. It is a critical component of the reconciliation of total insurance liabilities.

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