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Unum UNM Group Life and AD&D — Interest accretion

Other product segments

Long-term Care
$93.8M-3.0%
Voluntary Benefits
$13M+11.1%
Other Insurance Product Line
$0

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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 us-gaap:LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome.

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 actual variances from expected experience(35.8)(9.2)(45.0)
Adjusted beginning of year balance1,411.51,223.32,634.8
Issuances1335.082.5417.5
Interest accretion26.525.952.4
Net premiums collected(130.1)(94.9)(225.0)
Ending balance at original discount rate1,642.91,236.82,879.7
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

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's group life and AD&D — interest accretion?
Unum (UNM) reported group life and AD&D — interest accretion of $0 in Q2 2026.
What does group life and AD&D — interest accretion mean?
Interest accretion represents the increase in the liability for future policy benefits due to the passage of time, calculated by applying the discount rate to the beginning balance. It reflects the 'unwinding' of the discount applied to future cash flows as the expected payment dates draw closer. This is a non-cash expense that is inherent to the long-term nature of insurance liabilities.

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