How do you interpret unum international — removal of shadow adjustments, LFPB?

Used to normalize financial statements by removing volatility caused by market-driven investment fluctuations.

How does unum international — removal of shadow adjustments, LFPB compare across companies?

Common in insurance accounting to reconcile GAAP/IFRS reporting with investment market volatility.

Unum UNM Unum International — Removal of Shadow Adjustments, LFPB

Discontinued — last reported Q4 '20

Similar metrics at other companies

CINFUniversal Life — Removal of shadow adjustments

$0—

CINFWhole Life Insurance — Removal of shadow adjustments

$0—

CINFTerm Life Insurance — Removal of shadow adjustments

$0—

CINFUniversal life — Additional Liability, Long-Duration Insurance, Shadow reserve adjustments

$1M0.0%

PRUVariable/ Universal Life — Liability For Future Policy Benefit, Adjustments For Unrealized Investment Gains And Losses After Transition

$1.19B—

CINFDeferred Fixed Annuity — Removal of shadow adjustments

$0—

Other financials

Income statement

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Revenue$3.4B+8.5%

Operating income$501.8M+2.4%

Net income$232.0M+22.7%

EPS (diluted)$1.41+33.0%

Balance sheet

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Cash & equivalents$192.6M-19.0%

Total debt$3.8B+0.5%

Total equity$10.9B-2.9%

Total assets$62.7B+0.4%

Cash flow

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Operating cash flow$340.8M-3.6%

CapEx$39.6M+10.6%

Free cash flow$301.2M-5.2%

Valuation

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Market cap$14.38B-17.0%

Enterprise value$17.95B-13.3%

P/E18.4×+7.4×

P/S1.1×-0.3×

Profitability

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Net margin5.9%-6.5pp

FCF margin11.2%+1.4pp

Returns & leverage

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Return on equity7.1%-7.6pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Unum in its filing.

Tagged under the XBRL concept unm:RemovalOfShadowAdjustmentsLFPB.

The official record: Unum’s 10-K, filed February 20, 2024, on SEC EDGAR. View the filing →

Questions, answered.

What does unum international — removal of shadow adjustments, LFPB mean?: The reversal of accounting adjustments that link insurance liability valuations to unrealized investment portfolio gains or losses.
How do you interpret unum international — removal of shadow adjustments, LFPB?: Used to normalize financial statements by removing volatility caused by market-driven investment fluctuations.
How does unum international — removal of shadow adjustments, LFPB compare across companies?: Common in insurance accounting to reconcile GAAP/IFRS reporting with investment market volatility.