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Unum UNM Voluntary Benefits — Amortization of Deferred Acquisition Costs

Other product segments

Individual Disability
$13.6M-11.7%
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$3.7M+5.7%

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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 us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense.

The official record: Unum’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Unum's voluntary benefits — amortization of deferred acquisition costs?
Unum (UNM) reported voluntary benefits — amortization of deferred acquisition costs of $28.8M in Q1 2026.
How has Unum's voluntary benefits — amortization of deferred acquisition costs changed year-over-year?
Unum's voluntary benefits — amortization of deferred acquisition costs decreased by 3.4% year-over-year, from $29.8M to $28.8M.
What is the long-term trend for Unum's voluntary benefits — amortization of deferred acquisition costs?
Over 4 years (2021 to 2025), Unum's voluntary benefits — amortization of deferred acquisition costs has grown at a 9.3% compound annual growth rate (CAGR), from $80.5M to $114.8M.
What does voluntary benefits — amortization of deferred acquisition costs mean?
The annual expense recognized from previously capitalized sales costs.
How do you interpret voluntary benefits — amortization of deferred acquisition costs?
Rapid amortization relative to the DAC balance may indicate shorter policy lives or higher-than-expected policy lapses.
How does voluntary benefits — amortization of deferred acquisition costs compare across companies?
Standard 'Amortization of DAC' expense found in the income statements of all life and disability insurers.