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Unum UNM Unum US — Effect of change in discount rate assumptions

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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:AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax.

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
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
Present Value of Expected Future Policy Benefits
Balance, beginning of year$4,588.1$801.6$2,536.9$3,140.7$11,067.3
Beginning balance at original discount rate4,656.9807.52,751.13,150.411,365.9

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's unum US — effect of change in discount rate assumptions?
Unum (UNM) reported unum US — effect of change in discount rate assumptions of -$86.9M in Q2 2026.
How has Unum's unum US — effect of change in discount rate assumptions changed year-over-year?
Unum's unum US — effect of change in discount rate assumptions decreased by 7.4% year-over-year, from -$80.9M to -$86.9M.
What is the long-term trend for Unum's unum US — effect of change in discount rate assumptions?
Over 3 years (2022 to 2025), Unum's unum US — effect of change in discount rate assumptions has grown at a 32.9% compound annual growth rate (CAGR), from -$120M to -$281.6M.
What does unum US — effect of change in discount rate assumptions mean?
This metric quantifies the impact on the liability for future policy benefits caused by changes in the discount rates used to calculate the present value of those liabilities. Because these liabilities are long-term, they are highly sensitive to interest rate fluctuations. This figure isolates the impact of market interest rate changes from operational performance.

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