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Unum UNM Voluntary Benefits — Interest accretion

Other product segments

Long-term Care
$93.8M-3.0%
Other Insurance Product Line
$0

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GNWLife insurance — Interest accretion
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GNWLong- term care insurance — Interest accretion
$205M-7.2%
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VOYAEmployee Benefits Voluntary — Interest accrual
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VOYAEmployee Benefits Group — Interest accrual
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EQHHealth — Liability for Future Policy Benefit, Expected Net Premium, Interest Income
$0-100%

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:LiabilityForFuturePolicyBenefitExpectedNetPremiumInterestIncome.

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
Effect of actual variances from expected experience(35.8)(9.2)(45.0)
Adjusted beginning of year balance1,411.51,223.32,634.8
Issuances1335.082.5417.5
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

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's voluntary benefits — interest accretion?
Unum (UNM) reported voluntary benefits — interest accretion of $13M in Q2 2026.
How has Unum's voluntary benefits — interest accretion changed year-over-year?
Unum's voluntary benefits — interest accretion increased by 11.1% year-over-year, from $11.7M to $13M.
What is the long-term trend for Unum's voluntary benefits — interest accretion?
Over 4 years (2021 to 2025), Unum's voluntary benefits — interest accretion has grown at a 4.5% compound annual growth rate (CAGR), from $38.3M to $45.7M.
What does voluntary benefits — interest accretion mean?
This represents the interest expense recognized on the liability for future policy benefits as the time to expected benefit payments decreases. It is a non-cash accounting charge that reflects the time value of money inherent in long-term insurance liabilities. This metric is essential for understanding the cost of carrying long-term obligations.

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