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Unum UNM Colonial Life — Segment Adjusted Operating Income

Other segment segments

Unum US
$329.6M+3.6%
Closed Block
-$75.4M-2,033%
Corporate
-$44.5M-40.4%
Unum International
$24.3M-41.6%

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AGOAnnuity Reinsurance Segment — Segment adjusted operating income (loss)
$0

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 us-gaap:OperatingIncomeLoss.

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 — segment adjusted operating income?
Unum (UNM) reported colonial life — segment adjusted operating income of $131.4M in Q2 2026.
How has Unum's colonial life — segment adjusted operating income changed year-over-year?
Unum's colonial life — segment adjusted operating income increased by 11.9% year-over-year, from $117.4M to $131.4M.
What is the long-term trend for Unum's colonial life — segment adjusted operating income?
Over 4 years (2021 to 2025), Unum's colonial life — segment adjusted operating income has grown at a 8.9% compound annual growth rate (CAGR), from $329.2M to $463.6M.
What does colonial life — segment adjusted operating income mean?
A non-GAAP measure representing the core profitability of the Colonial Life segment, excluding items like realized investment gains or losses and other non-operating volatility. It provides a normalized view of the segment's ability to generate earnings from its primary insurance operations. Investors use this to assess the underlying health and growth trajectory of the business unit.

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