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Unum UNM Group Disability — Total liability for future policy benefits

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PFGIndividual Disability — Liability For Future Policy Benefits Payment For Benefits
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PFGIndividual Disability — Liability For Future Policy Benefit Expected Future Policy Benefit Issuance
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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

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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 unm:LiabilityForFuturePolicyBenefitBeforeReinsuranceAfterOther.

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 DisabilityTotal Unum US
Effect of change in discount rate assumptions(114.8)(10.8)(238.3)(52.5)(416.4)
Balance, end of period$4,502.4$772.0$2,716.6$3,098.6$11,089.6
Net liability for future policy benefits$4,502.4$772.0$1,148.9$1,873.5$8,296.8
Other0.10.84.926.332.1
Total liability for future policy benefits4,502.5772.81,153.81,899.88,328.9
Less: Reinsurance recoverable related to future policy benefits23.36.812.7375.3418.1
Net liability for future policy benefits, after reinsurance recoverable$4,479.2$766.0$1,141.1$1,524.5$7,910.8
1Issuances include new policy issuances for most product lines. Issuances for Unum US group disability and Unum US group life and AD&D represents new claim incurrals.

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's group disability — total liability for future policy benefits?
Unum (UNM) reported group disability — total liability for future policy benefits of $4.5B in Q2 2026.
How has Unum's group disability — total liability for future policy benefits changed year-over-year?
Unum's group disability — total liability for future policy benefits decreased by 4.7% year-over-year, from $4.72B to $4.5B.
What is the long-term trend for Unum's group disability — total liability for future policy benefits?
Over 3 years (2022 to 2025), Unum's group disability — total liability for future policy benefits has grown at a -7.3% compound annual growth rate (CAGR), from $23.42B to $18.65B.
What does group disability — total liability for future policy benefits mean?
This represents the gross total of all liabilities established to cover future disability benefit payments for the group segment. It encompasses the present value of expected future benefits, adjusted for interest accretion and other actuarial factors. This figure provides a comprehensive view of the segment's total long-term liability exposure.

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