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Unum UNM Voluntary Benefits — Net Amount at Risk

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$1.61B-2.2%

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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:PolicyholderAccountBalanceNetAmountAtRisk.

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 US - Voluntary BenefitsColonial LifeClosed Block - All OtherTotal
Total policyholders' account balances656.4854.64,092.55,603.5
Less: Reinsurance recoverable related to policyholders' account balances0.70.14,092.54,093.3
Net policyholders' account balances, after reinsurance recoverable$655.7$854.5$1,510.2
Weighted average crediting rate3.5%4.1%8.6%7.4%
Net amount at risk2$3,556.7$7,429.4$1,613.5$12,599.6
Cash surrender value$527.3$824.5$4,013.8$5,365.6
1Contracts included in the policyholders' account balances are generally charged a premium and/or monthly assessments on the basis of the account balance.
2For those guarantees of benefits that are payable in the event of death, the net amount at risk is generally defined as the current guaranteed minimum death benefit in excess of the current account balance at the balance sheet date.

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's voluntary benefits — net amount at risk?
Unum (UNM) reported voluntary benefits — net amount at risk of $3.56B in Q2 2026.
How has Unum's voluntary benefits — net amount at risk changed year-over-year?
Unum's voluntary benefits — net amount at risk decreased by 10.0% year-over-year, from $3.95B to $3.56B.
What is the long-term trend for Unum's voluntary benefits — net amount at risk?
Over 3 years (2022 to 2025), Unum's voluntary benefits — net amount at risk has grown at a -8.4% compound annual growth rate (CAGR), from $20.25B to $15.55B.
What does voluntary benefits — net amount at risk mean?
The difference between the death benefit or insurance coverage amount and the current policyholder account balance. It represents the net exposure the insurer faces if a claim were to occur.

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