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Unum UNM Voluntary Benefits — Total liability for future policy benefits

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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 unm:LiabilityForFuturePolicyBenefitBeforeReinsuranceAfterOther.

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 change in discount rate assumptions(114.8)(10.8)(238.3)(52.5)(416.4)
Balance, end of period$4,502.4$772.0$2,716.6$3,098.6$11,089.6
Net liability for future policy benefits$4,502.4$772.0$1,148.9$1,873.5$8,296.8
Other0.10.84.926.332.1
Total liability for future policy benefits4,502.5772.81,153.81,899.88,328.9
Less: Reinsurance recoverable related to future policy benefits23.36.812.7375.3418.1
Net liability for future policy benefits, after reinsurance recoverable$4,479.2$766.0$1,141.1$1,524.5$7,910.8
1Issuances include new policy issuances for most product lines. Issuances for Unum US group disability and Unum US group life and AD&D represents new claim incurrals.

Item 1. Financial Statements (Unaudited):

FAQ

What is Unum's voluntary benefits — total liability for future policy benefits?
Unum (UNM) reported voluntary benefits — total liability for future policy benefits of $1.15B in Q2 2026.
How has Unum's voluntary benefits — total liability for future policy benefits changed year-over-year?
Unum's voluntary benefits — total liability for future policy benefits increased by 0.9% year-over-year, from $1.14B to $1.15B.
What is the long-term trend for Unum's voluntary benefits — total liability for future policy benefits?
Over 3 years (2022 to 2025), Unum's voluntary benefits — total liability for future policy benefits has grown at a -2.1% compound annual growth rate (CAGR), from $4.91B to $4.61B.
What does voluntary benefits — total liability for future policy benefits mean?
This is the aggregate balance sheet liability representing the present value of all future benefit payments for the voluntary benefits segment. It encompasses the total obligation to policyholders, including both expected claims and the impact of interest accretion over time. It serves as the primary indicator of the segment's total long-term insurance exposure.

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