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Unum UNM Voluntary Benefits — Deferred Acquisition Costs

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Dental and Vision
$13M-2.3%

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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:DeferredPolicyAcquisitionCosts.

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 DisabilityDental and VisionTotal Unum US
Balance, beginning of year$63.6$57.6$622.8$451.6$13.1$1,208.7
Capitalization34.025.766.847.67.2181.3
Amortization expense(28.3)(20.0)(56.6)(27.4)(7.3)(139.6)
Balance, end of period$69.3$63.3$633.0$471.8$13.0$1,250.4

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's voluntary benefits — deferred acquisition costs?
Unum (UNM) reported voluntary benefits — deferred acquisition costs of $633M in Q2 2026.
How has Unum's voluntary benefits — deferred acquisition costs changed year-over-year?
Unum's voluntary benefits — deferred acquisition costs increased by 2.0% year-over-year, from $620.3M to $633M.
What is the long-term trend for Unum's voluntary benefits — deferred acquisition costs?
Over 3 years (2022 to 2025), Unum's voluntary benefits — deferred acquisition costs has grown at a 1.3% compound annual growth rate (CAGR), from $2.39B to $2.48B.
What does voluntary benefits — deferred acquisition costs mean?
Costs directly related to the acquisition of new insurance contracts that are capitalized and amortized over the life of the policy. This reflects the investment made to secure future premium income.

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