Unum (UNM) Group Disability — Effect of change in discount rate assumptions

Screener

Other product segments

Long-term Care

$122.2M-28.1%

Voluntary Benefits

-$75.2M-2.3%

Other Insurance Product Line

$0—

Similar metrics at other companies

AFLDisability — Effect of changes in discount rate assumptions

-$64M-8.5%

EQHGroup Pension — Effect of changes in discount rate assumptions

$0—

EQHPayout — Effect of changes in discount rate assumptions

$0—

EQHTerm — Effect of changes in discount rate assumptions

-$15M—

GELife — Effect of changes in discount rate assumptions

$92M+188%

EQHHealth — Effect of changes in discount rate assumptions

$1M0.0%

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: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 item	Group Disability	Group Life and AD&D	Voluntary Benefits	Individual Disability	Total Unum US
Interest accretion	—	—	26.5	25.9	52.4
Net premiums collected	—	—	(130.1)	(94.9)	(225.0)
Ending balance at original discount rate	—	—	1,642.9	1,236.8	2,879.7
Effect of change in discount rate assumptions	—	—	(75.2)	(11.7)	(86.9)
Balance, end of period	—	—	$1,567.7	$1,225.1	$2,792.8
Present Value of Expected Future Policy Benefits
Balance, beginning of year	$4,588.1	$801.6	$2,536.9	$3,140.7	$11,067.3
Beginning balance at original discount rate	4,656.9	807.5	2,751.1	3,150.4	11,365.9

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's group disability — effect of change in discount rate assumptions?: Unum (UNM) reported group disability — effect of change in discount rate assumptions of $0 in Q2 2026.
What does group disability — effect of change in discount rate assumptions mean?: This metric quantifies the change in the present value of insurance liabilities caused solely by fluctuations in the discount rate used for valuation. It isolates the impact of interest rate movements from operational or underwriting performance. This is a critical metric for understanding the sensitivity of the balance sheet to macroeconomic interest rate environments.