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Unum UNM Individual Disability — Interest accretion

Other product segments

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

Similar metrics at other companies

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GNWFixed annuities — Interest accretion
$0
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GNWLife insurance — Interest accretion
$46M-8.0%
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GNWLong- term care insurance — Interest accretion
$205M-7.2%
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PFGIndividual Disability — Liability For Future Policy Benefit Expected Net Premium Interest Income
-$27.3M-0.4%
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CRBGIndividual Retirement — Interest accrual
$64M+28.0%
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AFLDisability — Interest accrual
$25M0.0%

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: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 individual disability — interest accretion?
Unum (UNM) reported individual disability — interest accretion of $12.8M in Q2 2026.
How has Unum's individual disability — interest accretion changed year-over-year?
Unum's individual disability — interest accretion increased by 0.8% year-over-year, from $12.7M to $12.8M.
What is the long-term trend for Unum's individual disability — interest accretion?
Over 4 years (2021 to 2025), Unum's individual disability — interest accretion has grown at a -4.1% compound annual growth rate (CAGR), from $57.9M to $48.9M.
What does individual disability — interest accretion mean?
This represents the interest expense recognized on the liability for future policy benefits as the time to payment approaches. It is a non-cash accounting charge that reflects the time value of money on long-term insurance obligations. It is a standard component of the change in insurance contract liabilities over time.

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