XML 42 R29.htm IDEA: XBRL DOCUMENT v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Premium Income by Major Line of Business within Each Segment
Segment information is shown below. Certain prior year amounts were adjusted to conform to current year presentation. See
below for more information regarding this update.
Three Months Ended June 30Six Months Ended June 30
2026202520262025
(in millions of dollars)
Premium Income
Unum US
Group Disability
Group Long-term Disability$495.3 $507.8 $994.1 $1,012.3 
Group Short-term Disability332.2 289.3 642.9 567.6 
Group Life and Accidental Death & Dismemberment
Group Life499.7 470.0 995.1 936.2 
Accidental Death & Dismemberment53.8 49.2 106.8 97.4 
Supplemental and Voluntary
Voluntary Benefits251.7 234.5 505.5 468.6 
Individual Disability142.8 166.7 289.3 335.4 
Dental and Vision82.7 81.1 165.0 162.0 
1,858.2 1,798.6 3,698.7 3,579.5 
Unum International
Unum UK
Group Long-term Disability107.5 107.9 212.3 208.1 
Group Life77.2 68.1 154.2 129.7 
Supplemental50.8 47.0 101.1 88.9 
Unum Poland53.8 48.1 108.4 91.1 
289.3 271.1 576.0 517.8 
Colonial Life
Accident, Sickness, and Disability254.5 249.1 507.3 496.2 
Life131.1 122.1 259.4 242.0 
Cancer and Critical Illness91.8 90.9 183.4 181.2 
477.4 462.1 950.1 919.4 
Closed Block
Long-term Care159.4 175.9 318.8 352.1 
All Other33.5 40.3 68.2 82.1 
192.9 216.2 387.0 434.2 
Total Premium Income$2,817.8 $2,748.0 $5,611.8 $5,450.9 
Selected Operating Statement Data by Segment
Three Months Ended June 30, 2026
Unum USUnum InternationalColonial LifeClosed BlockCorporateTotal
(in millions of dollars)
Premium Income$1,858.2 $289.3 $477.4 $192.9 $— $2,817.8 
Adjusted Net Investment Income1
155.8 42.2 50.1 226.1 20.5 494.7 
Other Income65.9 2.7 0.4 9.6 0.4 79.0 
Segment Adjusted Operating Revenue2,079.9 334.2 527.9 428.6 20.9 3,391.5 
Policy Benefits1,165.1 219.8 230.9 373.1 2.3 1,991.2 
Policy Benefits - Remeasurement Loss (Gain)(29.1)6.9 (8.0)40.2 — 10.0 
Commissions213.7 29.2 106.9 14.5 — 364.3 
Interest and Debt Expense— — — — 53.3 53.3 
Deferral of Acquisition Costs(89.7)(7.1)(90.6)— — (187.4)
Amortization of Deferred Acquisition Costs70.9 2.7 61.8 — — 135.4 
Other Segment Items1,2
419.4 58.4 95.5 76.2 9.8 659.3 
Benefits and Expenses1,750.3 309.9 396.5 504.0 65.4 3,026.1 
Segment Adjusted Operating Income (Loss)$329.6 $24.3 $131.4 $(75.4)$(44.5)$365.4 
1Excludes the impact of the strategic actions in the Corporate segment.
2For each reportable segment, other segment items includes compensation, other personnel expenses, taxes, licenses and fees, depreciation, intangible asset amortization and other expenses. Depreciation and intangible asset amortization during the three months ended June 30, 2026 was $21.0 million, $6.5 million, $4.4 million, $1.6 million, and $17.6 million for our Unum US, Unum International, Colonial Life, Closed Block and Corporate segments, respectively.
Three Months Ended June 30, 2025
Unum USUnum InternationalColonial LifeClosed BlockCorporateTotal
(in millions of dollars)
Premium Income$1,798.6 $271.1 $462.1 $216.2 $— $2,748.0 
Net Investment Income155.1 46.2 42.6 284.5 32.3 560.7 
Other Income58.0 0.3 0.3 12.1 (0.3)70.4 
Segment Adjusted Operating Revenue2,011.7 317.6 505.0 512.8 32.0 3,379.1 
Policy Benefits1,110.9 189.3 226.0 418.7 — 1,944.9 
Policy Benefits - Remeasurement Loss (Gain)(18.7)7.1 (2.8)45.6 — 31.2 
Commissions203.8 25.1 98.6 16.0 — 343.5 
Interest and Debt Expense— — — — 52.0 52.0 
Deferral of Acquisition Costs(85.7)(5.6)(83.6)— — (174.9)
Amortization of Deferred Acquisition Costs71.6 2.6 58.0 — — 132.2 
Other Segment Items1
411.6 57.5 91.4 43.3 11.7 615.5 
Benefits and Expenses1,693.5 276.0 387.6 523.6 63.7 2,944.4 
Segment Adjusted Operating Income (Loss)$318.2 $41.6 $117.4 $(10.8)$(31.7)$434.7 
1For each reportable segment, other segment items includes compensation, other personnel expenses, taxes, licenses and fees, depreciation, intangible asset amortization, and other expenses. Depreciation and intangible asset amortization during the three months ended June 30, 2025 was $21.2 million, $5.2 million, $4.0 million, $1.5 million, and $0.2 million for our Unum US, Unum International, Colonial Life, Closed Block and Corporate segments, respectively.
Six Months Ended June 30, 2026
Unum USUnum InternationalColonial LifeClosed BlockCorporateTotal
(in millions of dollars)
Premium Income$3,698.7 $576.0 $950.1 $387.0 $— $5,611.8 
Adjusted Net Investment Income1
314.1 71.8 96.9 455.2 40.1 978.1 
Other Income132.7 6.0 1.1 20.9 1.1 161.8 
Segment Adjusted Operating Revenue4,145.5 653.8 1,048.1 863.1 41.2 6,751.7 
Policy Benefits2,292.2 426.1 460.6 765.8 2.3 3,947.0 
Policy Benefits - Remeasurement Loss (Gain)(60.9)4.1 (20.4)135.4 — 58.2 
Commissions433.1 60.2 209.8 29.7 — 732.8 
Interest and Debt Expense— — — — 106.4 106.4 
Deferral of Acquisition Costs(181.3)(16.3)(180.4)— — (378.0)
Amortization of Deferred Acquisition Costs139.6 6.1 123.9 — — 269.6 
Other Segment Items1,2
855.3 118.4 195.4 152.9 20.6 1,342.6 
Benefits and Expenses3,478.0 598.6 788.9 1,083.8 129.3 6,078.6 
Segment Adjusted Operating Income (Loss)$667.5 $55.2 $259.2 $(220.7)$(88.1)$673.1 
1Excludes the impact of the strategic actions in the Corporate segment.
2For each reportable segment, other segment items includes compensation, other personnel expenses, taxes, licenses and fees, depreciation, intangible asset amortization and other expenses. Depreciation and intangible asset amortization during the six months ended June 30, 2026 was $42.7 million, $12.0 million, $8.8 million, $3.2 million, and $18.9 million for our Unum US, Unum International, Colonial Life, Closed Block and Corporate segments, respectively.
Six Months Ended June 30, 2025
Unum USUnum InternationalColonial LifeClosed BlockCorporateTotal
(in millions of dollars)
Premium Income$3,579.5 $517.8 $919.4 $434.2 $— $5,450.9 
Net Investment Income304.0 74.7 84.8 554.2 56.2 1,073.9 
Other Income129.9 0.4 0.7 22.0 (0.3)152.7 
Segment Adjusted Operating Revenue4,013.4 592.9 1,004.9 1,010.4 55.9 6,677.5 
Policy Benefits2,249.5 362.2 452.6 840.9 — 3,905.2 
Policy Benefits - Remeasurement Loss (Gain)(94.1)(1.7)(11.3)49.0 — (58.1)
Commissions409.4 47.5 195.9 33.9 — 686.7 
Interest and Debt Expense— — — — 104.0 104.0 
Deferral of Acquisition Costs(170.4)(10.9)(166.2)— — (347.5)
Amortization of Deferred Acquisition Costs136.8 5.1 115.7 — — 257.6 
Other Segment Items1
834.9 110.4 185.1 89.4 24.7 1,244.5 
Benefits and Expenses3,366.1 512.6 771.8 1,013.2 128.7 5,792.4 
Segment Adjusted Operating Income (Loss)$647.3 $80.3 $233.1 $(2.8)$(72.8)$885.1 
1For each reportable segment, other segment items includes compensation, other personnel expenses, taxes, licenses and fees, depreciation, intangible asset amortization, and other expenses. Depreciation and intangible asset amortization during the six months ended June 30, 2025 was $42.5 million, $9.9 million, $8.2 million, $3.0 million, and $0.3 million for our Unum US, Unum International, Colonial Life, Closed Block and Corporate segments, respectively.
Assets by Segment
June 30December 31
20262025
(in millions of dollars)
Assets
Unum US$14,495.2 $14,635.3 
Unum International3,727.6 3,648.0 
Colonial Life5,375.6 5,289.9 
Closed Block32,561.2 33,887.8 
Corporate7,325.6 6,058.4 
Total Assets$63,485.2 $63,519.4 
Reconciliation of Total Revenue and Income Before Income Tax to Adjusted Operating Revenue and Adjusted Operating Income
A reconciliation of total revenue to "segment adjusted operating revenue" and income before income tax to "segment adjusted operating income" is as follows:
Three Months Ended June 30Six Months Ended June 30
2026202520262025
(in millions of dollars)
Total Revenue$3,370.0 $3,361.4 $6,725.2 $6,453.0 
Excluding:
Net Investment Loss(5.2)(17.7)(10.2)(224.5)
Strategic Actions(16.3)— (16.3)— 
Segment Adjusted Operating Revenue$3,391.5 $3,379.1 $6,751.7 $6,677.5 
Income Before Income Tax$329.5 $417.0 $632.2 $660.6 
Excluding:
Net Investment Loss
Net Investment Loss Related to the Fortitude Re Reinsurance Transaction— (8.5)— (184.4)
Net Investment Loss, Other(5.2)(9.2)(10.2)(40.1)
Total Net Investment Loss(5.2)(17.7)(10.2)(224.5)
Strategic Actions(30.7)— (30.7)— 
Segment Adjusted Operating Income$365.4 $434.7 $673.1 $885.1