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Unum UNM Unum US — Segment Adjusted Operating Income

Other segment segments

Colonial Life
$131.4M+11.9%
Closed Block
-$75.4M-2,033%
Corporate
-$44.5M-40.4%
Unum International
$24.3M-41.6%

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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:OperatingIncomeLoss.

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 itemUnum USUnum InternationalColonial LifeClosed BlockCorporateTotal
Interest and Debt Expense53.353.3
Deferral of Acquisition Costs(89.7)(7.1)(90.6)(187.4)
Amortization of Deferred Acquisition Costs70.92.761.8135.4
Other Segment Items1,2419.458.495.576.29.8659.3
Benefits and Expenses1,750.3309.9396.5504.065.43,026.1
Segment Adjusted Operating Income (Loss)$329.6$24.3$131.4$(75.4)$(44.5)$365.4
1Excludes the impact of the strategic actions in the Corporate segment.
2For each reportable segment, other segment items includes compensation, other personnel expenses, taxes, licenses and fees, depreciation, intangible asset amortization and other expenses. Depreciation and intangible asset amortization during the three months ended June 30, 2026 was $21.0 million, $6.5 million, $4.4 million, $1.6 million, and $17.6 million for our Unum US, Unum International, Colonial Life, Closed Block and Corporate segments, respectively.

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's unum US — segment adjusted operating income?
Unum (UNM) reported unum US — segment adjusted operating income of $329.6M in Q2 2026.
How has Unum's unum US — segment adjusted operating income changed year-over-year?
Unum's unum US — segment adjusted operating income increased by 3.6% year-over-year, from $318.2M to $329.6M.
What is the long-term trend for Unum's unum US — segment adjusted operating income?
Over 4 years (2021 to 2025), Unum's unum US — segment adjusted operating income has grown at a 28.6% compound annual growth rate (CAGR), from $464.9M to $1.27B.
What does unum US — segment adjusted operating income mean?
The core profitability metric for the Unum US segment, calculated by subtracting adjusted benefits and expenses from adjusted operating revenue. It excludes non-recurring items and market-driven volatility to provide a clear view of the segment's underlying earnings power. This is the primary measure used by management to evaluate segment performance.

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