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Unum UNM Voluntary Benefits — Effect of change in discount rate assumptions

Other product segments

Long-term Care
$124.3M-16.2%
Individual Disability
-$11.3M+24.2%
Other Insurance Product Line
$0

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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:AociLiabilityForFuturePolicyBenefitExpectedNetPremiumBeforeTax.

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 — effect of change in discount rate assumptions?
Unum (UNM) reported voluntary benefits — effect of change in discount rate assumptions of -$78.1M in Q1 2026.
How has Unum's voluntary benefits — effect of change in discount rate assumptions changed year-over-year?
Unum's voluntary benefits — effect of change in discount rate assumptions increased by 0.6% year-over-year, from -$78.6M to -$78.1M.
What is the long-term trend for Unum's voluntary benefits — effect of change in discount rate assumptions?
Over 3 years (2022 to 2025), Unum's voluntary benefits — effect of change in discount rate assumptions has grown at a 13.2% compound annual growth rate (CAGR), from -$185.2M to -$269M.
What does voluntary benefits — effect of change in discount rate assumptions mean?
The change in the value of future insurance liabilities caused by shifts in the discount rate used for valuation.
How do you interpret voluntary benefits — effect of change in discount rate assumptions?
A large impact indicates high sensitivity to interest rate environments, which can create volatility in reported earnings.
How does voluntary benefits — effect of change in discount rate assumptions compare across companies?
Standard sensitivity analysis metric for insurance companies under LDTI accounting.