How do you interpret group disability — removal of shadow adjustments, LFPB?

Changes here are usually accounting-driven rather than operational, reflecting shifts in reporting standards or methodology.

How does group disability — removal of shadow adjustments, LFPB compare across companies?

Specific to insurers transitioning between legacy accounting and modern standards like LDTI.

Unum UNM Group Disability — Removal of Shadow Adjustments, LFPB

Discontinued — last reported Q4 '20

Similar metrics at other companies

CINFUniversal Life — Removal of shadow adjustments

$0—

EQHTerm — Impact of flooring LFPB at zero

$1M0.0%

CINFWhole Life Insurance — Removal of shadow adjustments

$0—

CINFTerm Life Insurance — Removal of shadow adjustments

$0—

EQHHealth — Impact of flooring LFPB at zero

$0—

CRBGLong-Duration Insurance Contracts — Adjustments for the reclassification from/(to) the liability for the future policy benefits

——

Other financials

Income statement

See full

Revenue$3.4B+8.5%

Operating income$501.8M+2.4%

Net income$232.0M+22.7%

EPS (diluted)$1.41+33.0%

Balance sheet

See full

Cash & equivalents$192.6M-19.0%

Total debt$3.8B+0.5%

Total equity$10.9B-2.9%

Total assets$62.7B+0.4%

Cash flow

See full

Operating cash flow$340.8M-3.6%

CapEx$39.6M+10.6%

Free cash flow$301.2M-5.2%

Valuation

See full

Market cap$14.38B-17.0%

Enterprise value$17.95B-13.3%

P/E18.4×+7.4×

P/S1.1×-0.3×

Profitability

See full

Net margin5.9%-6.5pp

FCF margin11.2%+1.4pp

Returns & leverage

See full

Return on equity7.1%-7.6pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Unum in its filing.

Tagged under the XBRL concept unm:RemovalOfShadowAdjustmentsLFPB.

The official record: Unum’s 10-K, filed February 20, 2024, on SEC EDGAR. View the filing →

Questions, answered.

What does group disability — removal of shadow adjustments, LFPB mean?: The adjustment made to remove temporary accounting effects from the valuation of long-term disability reserves.
How do you interpret group disability — removal of shadow adjustments, LFPB?: Changes here are usually accounting-driven rather than operational, reflecting shifts in reporting standards or methodology.
How does group disability — removal of shadow adjustments, LFPB compare across companies?: Specific to insurers transitioning between legacy accounting and modern standards like LDTI.