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Unum UNM Long-term Care — Interest accretion

Other product segments

Voluntary Benefits
$13M+11.1%
Other Insurance Product Line
$0

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GNWFixed annuities — Interest accretion
$0
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GNWLife insurance — Interest accretion
$46M-8.0%
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PRULong- Term Care — Interest accrual
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$57.7M+1.2%
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METLong-term Care — Interest accrual
$283M+2.2%

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: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 long-term care — interest accretion?
Unum (UNM) reported long-term care — interest accretion of $93.8M in Q2 2026.
How has Unum's long-term care — interest accretion changed year-over-year?
Unum's long-term care — interest accretion decreased by 3.0% year-over-year, from $96.7M to $93.8M.
What is the long-term trend for Unum's long-term care — interest accretion?
Over 4 years (2021 to 2025), Unum's long-term care — interest accretion has grown at a 1.4% compound annual growth rate (CAGR), from $370.6M to $392M.
What does long-term care — interest accretion mean?
This represents the increase in the liability for future policy benefits due to the passage of time, calculated by applying the discount rate to the existing liability balance. It reflects the 'unwinding' of the discount as the time until benefit payment decreases.

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