Unum Group (UNM) Balance Sheet
UNM balance sheet, 2025
December 31, 2025 · U.S. dollars$64.09B assets = $52.98B liabilities + $11.12B equity
Both columns are drawn to the same scale: what UNM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UNM financial health
Debt / equity0.35
Low leverage · $0.35 of debt for each $1 of equity
Cash / debt4.1%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.6%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
UNM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $63.56B2016 | $64.09B2025 | +0.1%/yr | |
| Total liabilities | $54.59B2016 | $52.98B2025 | −0.3%/yr | |
| Shareholders’ equity | $8.97B2016 | $11.12B2025 | +2.4%/yr | |
| Cash & short-term investments | $100.4M2016 | $158.2M2025 | +5.2%/yr | |
| Total debt | $3.00B2016 | $3.90B2025 | +3.0%/yr | |
| Net cash (debt) | −$2.90B2016 | −$3.74B2025 | −$845.8M | |
| Working capital | $1.35B2016 | $945.8M2024 | −$401.7M | |
| Book value per share | $38.002016 | $64.302025 | +6.0%/yr | |
| Debt / equity | 0.332016 | 0.352025 | +0.02 | |
| Shares outstanding | 236.0M2016 | 172.9M2025 | −3.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UNM assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
UNM liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
UNM debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UNM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $158.2M | $162.8M | $38.59B | $119.2M | $1.46B | $1.67B | $84.1M | $94.0M | $77.4M | $100.4M |
| Cash & equivalents | $158.2M | $162.8M | $146.0M | $119.2M | $75.0M | $197.0M | $84.1M | $94.0M | $77.4M | $100.4M |
| Short-term investments | $36.07B | $38.17B | $38.44B | $36.24B | $1.39B | $1.47B | $48.74B | $43.98B | $46.61B | $45.00B |
| Receivables | $1.43B | $1.46B | $10.65B | $1.48B | $12.44B | $12.26B | $1.60B | $1.62B | $1.67B | $1.61B |
| Inventory | $0 | $0 | −$53.13B | $0 | −$4.37B | −$4.77B | −$4.51B | −$47.46B | −$58.00B | −$55.74B |
| Other current assets | $0 | $0 | $4.86B | $0 | $4.37B | $4.77B | $4.51B | $47.46B | $58.00B | $55.74B |
| Total current assets | $1.59B | $1.62B | $970.9M | $1.60B | $13.90B | $13.93B | $1.69B | $1.71B | $1.74B | $1.71B |
| Property, plant & equipment (net) | $503.7M | $532.7M | $485.3M | $489.4M | $462.7M | $498.0M | $642.7M | $546.9M | $504.8M | $500.6M |
| Goodwill & intangible assets | $410.8M | $404.2M | $413.8M | $410.5M | $425.3M | $436.8M | $440.4M | $447.0M | $366.5M | $367.0M |
| Long-term investments | $36.07B | $38.17B | $38.44B | $36.24B | $52.75B | $53.29B | $56.45B | $51.40B | $53.73B | $51.82B |
| Other non-current assets | $25.52B | $21.62B | $22.94B | $22.79B | $2.57B | $2.47B | $9.14B | $8.51B | $8.75B | $9.15B |
| Total assets | $64.09B | $62.35B | $63.26B | $61.53B | $70.12B | $70.63B | $68.36B | $62.61B | $65.10B | $63.56B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $190.9M | $159.1M | — | $256.7M | $24.0M | $2.9M | $20.6M |
| Short-term debt | $22.4M | $292.0M | $19.2M | $2.0M | $22.6M | $25.4M | $426.3M | $0 | $199.9M | $0 |
| Deferred revenue | — | $384.0M | $380.2M | $365.5M | $347.5M | $349.3M | $363.9M | $363.3M | $373.1M | $363.7M |
| Total current liabilities | — | $676.0M | −$9.45B | $367.5M | −$11.51B | −$11.45B | $790.2M | $363.3M | $573.0M | $363.7M |
| Long-term debt | $3.77B | $3.47B | $3.43B | $3.43B | $3.44B | $3.35B | $2.93B | $2.97B | $2.74B | $3.00B |
| Other long-term liabilities | $49.21B | $47.25B | $0 | $49.00B | $458.4M | $416.1M | $54.68B | $50.66B | $52.22B | $51.23B |
| Total liabilities | $52.98B | $51.39B | $53.60B | $52.79B | $58.70B | $59.75B | $58.40B | $53.99B | $55.53B | $54.59B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $19.6M | $19.5M | $19.4M | $30.8M | $30.7M | $30.7M | $30.6M | $30.5M | $30.5M | $30.4M |
| Retained earnings (deficit) | $13.35B | $12.91B | $11.43B | $13.14B | $11.85B | $11.27B | $10.73B | $9.86B | $9.54B | $8.74B |
| Treasury stock | — | — | — | −$3.43B | −$3.23B | −$3.18B | −$3.18B | −$2.78B | −$2.43B | −$2.03B |
| Accumulated other comprehensive income | −$1.81B | −$2.52B | −$3.31B | −$3.45B | $354.1M | $374.2M | $37.3M | −$814.2M | $127.5M | −$51.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $11.12B | $10.96B | $9.65B | $8.73B | $11.42B | $10.87B | $9.96B | $8.62B | $9.57B | $8.97B |
| Key figures | ||||||||||
| Total debt | $3.90B | $3.86B | $3.43B | $3.43B | $3.46B | $3.37B | $3.53B | $2.97B | $2.94B | $3.00B |
| Net cash (debt) | −$3.74B | −$3.70B | $35.16B | −$3.31B | −$2.00B | −$1.70B | −$3.45B | −$2.88B | −$2.86B | −$2.90B |
| Working capital | — | $945.8M | $10.42B | $1.23B | $25.42B | $25.38B | $896.8M | $1.35B | $1.17B | $1.35B |
| Tangible book value | $10.71B | $10.56B | $9.24B | $8.32B | $10.99B | $10.43B | $9.52B | $8.17B | $9.21B | $8.60B |
| Book value per share | $64.30 | $58.28 | $48.84 | $43.22 | $55.73 | $53.35 | $47.49 | $39.17 | $42.12 | $38.00 |
| Shares outstanding | 172.9M | 188.1M | 197.6M | 202.1M | 204.8M | 203.8M | 209.9M | 220.1M | 227.3M | 236.0M |
| Current ratio | — | 2.40 | — | 4.36 | — | — | 2.13 | 4.71 | 3.04 | 4.70 |
| Quick ratio | — | 2.40 | — | 4.36 | — | — | 2.13 | 4.71 | 3.04 | 4.70 |
| Debt / equity | 0.35 | 0.35 | 0.36 | 0.39 | 0.30 | 0.31 | 0.35 | 0.34 | 0.31 | 0.33 |
| Equity / assets | 17.3% | 17.6% | 15.3% | 14.2% | 16.3% | 15.4% | 14.6% | 13.8% | 14.7% | 14.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $199.2M | $192.6M | $158.2M | $327.9M | $1.19B | $237.7M | $162.8M | $163.4M | $132.7M | $279.1M | $38.59B | $165.9M |
| Cash & equivalents | $199.2M | $192.6M | $158.2M | $327.9M | $1.19B | $237.7M | $162.8M | $163.4M | $132.7M | $279.1M | $146.0M | $165.9M |
| Short-term investments | $36.32B | $35.36B | $36.07B | $35.79B | $38.25B | $38.72B | $38.17B | $39.77B | $37.75B | $37.85B | $38.44B | $35.56B |
| Receivables | $1.63B | $1.61B | $1.43B | $1.46B | $1.58B | $1.56B | $1.46B | $1.50B | $1.58B | $1.59B | $10.65B | $1.51B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$48.12B | −$48.57B | −$53.13B | −$4.81B |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $48.12B | $48.57B | $4.86B | $4.81B |
| Total current assets | $1.83B | $1.81B | $1.59B | $1.79B | $2.78B | $1.79B | $1.62B | $1.66B | $1.71B | $1.87B | $970.9M | $1.67B |
| Property, plant & equipment (net) | $506.1M | $509.3M | $503.7M | $496.6M | $499.1M | $496.3M | $532.7M | $495.2M | $483.4M | $483.9M | $485.3M | $463.3M |
| Goodwill & intangible assets | $353.0M | $353.0M | $410.8M | $354.0M | $353.3M | $350.6M | $404.2M | $352.0M | $3.14B | $3.10B | $413.8M | $695.8M |
| Long-term investments | $36.32B | $35.36B | $36.07B | $35.79B | $38.25B | $38.72B | $38.17B | $39.77B | $37.75B | $37.85B | $38.44B | $35.56B |
| Other non-current assets | $24.48B | $24.69B | $25.52B | $25.25B | $20.96B | $21.10B | $21.62B | $21.86B | $18.96B | $19.18B | $22.94B | $21.56B |
| Total assets | $63.49B | $62.71B | $64.09B | $63.68B | $62.84B | $62.46B | $62.35B | $64.14B | $62.04B | $62.49B | $63.26B | $59.95B |
| Liabilities | ||||||||||||
| Short-term debt | — | — | $22.4M | $274.9M | $274.8M | $274.6M | $292.0M | $0 | — | — | $19.2M | $2.0M |
| Deferred revenue | $572.0M | $509.1M | — | $492.0M | $538.3M | $475.6M | $384.0M | $474.7M | $502.8M | $470.4M | $380.2M | $447.2M |
| Total current liabilities | $101.8M | $87.6M | — | $766.9M | $813.1M | $750.2M | $676.0M | $474.7M | $502.8M | $470.4M | −$9.45B | $449.2M |
| Long-term debt | $3.76B | $3.76B | $3.77B | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B | $3.47B | $3.43B | $3.43B | $3.43B |
| Other long-term liabilities | $48.81B | $47.97B | $49.21B | $48.53B | $47.24B | $47.03B | $47.25B | $49.24B | $47.61B | $48.37B | $0 | $46.46B |
| Total liabilities | $52.68B | $51.82B | $52.98B | $52.77B | $51.52B | $51.25B | $51.39B | $53.19B | $51.58B | $52.27B | $53.60B | $50.34B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $19.6M | $19.6M | $19.6M | $19.6M | $19.6M | $19.5M | $19.5M | $19.5M | $19.5M | $19.5M | $19.4M | $30.9M |
| Retained earnings (deficit) | $13.68B | $13.50B | $13.35B | $13.25B | $13.29B | $13.03B | $12.91B | $12.64B | $12.07B | $11.75B | $11.43B | $13.89B |
| Accumulated other comprehensive income | −$3.04B | −$1.80B | −$1.81B | −$2.17B | −$2.04B | −$2.18B | −$2.52B | −$2.73B | −$2.85B | −$2.94B | −$3.31B | −$3.15B |
| Total shareholders' equity | $10.81B | $10.89B | $11.12B | $10.91B | $11.32B | $11.21B | $10.96B | $10.95B | $10.46B | $10.22B | $9.65B | $9.62B |
| Key figures | ||||||||||||
| Total debt | $3.76B | $3.76B | $3.90B | $3.75B | $3.74B | $3.74B | $3.86B | $3.47B | $3.47B | $3.43B | $3.43B | $3.43B |
| Net cash (debt) | −$3.56B | −$3.57B | −$3.74B | −$3.42B | −$2.55B | −$3.50B | −$3.70B | −$3.31B | −$3.34B | −$3.15B | $35.16B | −$3.27B |
| Working capital | $1.73B | $1.72B | — | $1.02B | $1.96B | $1.04B | $945.8M | $1.18B | $1.21B | $1.40B | $10.42B | $1.22B |
| Tangible book value | $10.46B | $10.54B | $10.71B | $10.55B | $10.97B | $10.86B | $10.56B | $10.60B | $7.32B | $7.12B | $9.24B | $8.92B |
| Book value per share | $67.55 | $66.26 | $66.17 | $63.95 | $64.90 | $62.69 | $60.35 | $58.60 | $54.98 | $52.88 | $49.37 | $48.79 |
| Shares outstanding | 160.0M | 164.4M | 168.0M | 170.6M | 174.4M | 178.9M | 181.6M | 186.9M | 190.3M | 193.3M | 195.5M | 197.1M |
| Current ratio | 17.97 | 20.63 | — | 2.33 | 3.42 | 2.39 | 2.40 | 3.50 | 3.40 | 3.98 | — | 3.73 |
| Quick ratio | 17.97 | 20.63 | — | 2.33 | 3.42 | 2.39 | 2.40 | 3.50 | 3.40 | 3.98 | — | 3.73 |
| Debt / equity | 0.35 | 0.35 | 0.35 | 0.34 | 0.33 | 0.33 | 0.35 | 0.32 | 0.33 | 0.34 | 0.36 | 0.36 |
| Equity / assets | 17.0% | 17.4% | 17.3% | 17.1% | 18.0% | 18.0% | 17.6% | 17.1% | 16.9% | 16.4% | 15.3% | 16.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 17, 2026); data from EODHD.
UNM financial position
At the end of fiscal 2025 (December 31, 2025), Unum had total assets of $64.1 billion (up 2.8% from a year earlier), total liabilities of $53.0 billion and shareholders' equity of $11.1 billion. It held $158.2 million in cash and short-term investments against $3.9 billion of debt, net debt of $3.7 billion. In the latest quarter (ended June 30, 2026) total assets were $63.5 billion and equity $10.8 billion.
Related: UNM income statement, UNM cash flow statement, UNM key metrics. See the UNM stock overview for the latest quote and news.
UNM balance sheet FAQ
What are Unum's total assets?
Unum reported total assets of $64.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $62.4 billion a year earlier.
How much debt does Unum have?
Unum had $3.9 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.35.
How much cash does Unum have?
Unum held $158.2 million in cash and short-term investments at the end of fiscal 2025; with $3.9 billion of debt that is net debt of $3.7 billion.
What is Unum's book value?
Unum's shareholders' equity (book value) was $11.1 billion at the end of fiscal 2025, or $64.30 per share.
How much goodwill does Unum have?
Unum carried $410.8 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2025.