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Unum UNM Individual Disability — Expected future benefit payments

Other product segments

Long-term Care
$57.89B-2.0%
Other Insurance Product Line
$9.85B-7.6%
Voluntary Benefits
$6.19B+5.4%

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$8.18B+28.6%
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$8.31B+22.8%
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FNFImmediate annuities — Expected future benefit payments
$1.24B-4.2%
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FNFTraditional Life — Expected future benefit payments
$1.79B-7.4%
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FGImmediate annuities — Expected future benefit payments
$1.24B-4.2%

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:LiabilityForFuturePolicyBenefitExpectedFuturePolicyBenefitUndiscountedBeforeReinsurance.

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
Amount of undiscounted:
Expected future benefit payments$5,569.3$886.3$6,186.4$5,076.4$17,718.4
Expected future gross premiums$6,928.6$5,818.2$12,746.8
Amount of discounted (at interest accretion rate):
Expected future gross premiums$4,393.2$4,192.8$8,586.0
Weighted average interest rate:
Interest accretion rate4.3%2.5%5.0%5.1%4.4%
Current discount rate4.7%2.8%5.6%5.2%4.8%

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's individual disability — expected future benefit payments?
Unum (UNM) reported individual disability — expected future benefit payments of $5.08B in Q2 2026.
How has Unum's individual disability — expected future benefit payments changed year-over-year?
Unum's individual disability — expected future benefit payments decreased by 1.4% year-over-year, from $5.15B to $5.08B.
What is the long-term trend for Unum's individual disability — expected future benefit payments?
Over 3 years (2022 to 2025), Unum's individual disability — expected future benefit payments has grown at a -0.5% compound annual growth rate (CAGR), from $20.71B to $20.39B.
What does individual disability — expected future benefit payments mean?
This represents the actuarial projection of total cash outflows required to satisfy disability claims over the life of the current policy portfolio. It is a forward-looking metric used to determine the adequacy of current reserves and pricing. It reflects the long-term cost structure of the disability insurance business.

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