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Unum UNM Group Disability — Deferred Acquisition Costs

Other product segments

Voluntary Benefits
$633M+2.0%
Dental and Vision
$13M-2.3%

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$288.67M-1.4%

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:DeferredPolicyAcquisitionCosts.

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 itemGroup DisabilityGroup Life and AD&DVoluntary BenefitsIndividual DisabilityDental and VisionTotal Unum US
Balance, beginning of year$63.6$57.6$622.8$451.6$13.1$1,208.7
Capitalization34.025.766.847.67.2181.3
Amortization expense(28.3)(20.0)(56.6)(27.4)(7.3)(139.6)
Balance, end of period$69.3$63.3$633.0$471.8$13.0$1,250.4

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's group disability — deferred acquisition costs?
Unum (UNM) reported group disability — deferred acquisition costs of $69.3M in Q2 2026.
How has Unum's group disability — deferred acquisition costs changed year-over-year?
Unum's group disability — deferred acquisition costs increased by 3.0% year-over-year, from $67.3M to $69.3M.
What is the long-term trend for Unum's group disability — deferred acquisition costs?
Over 3 years (2022 to 2025), Unum's group disability — deferred acquisition costs has grown at a 2.2% compound annual growth rate (CAGR), from $246.8M to $263.8M.
What does group disability — deferred acquisition costs mean?
Deferred Acquisition Costs (DAC) represent the capitalized costs directly related to the acquisition of new insurance contracts, such as commissions and underwriting expenses. These costs are deferred and amortized over the expected life of the policies. This reflects the investment made to secure future revenue streams.

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