UNM (Unum Group) Scaled Net Operating Assets: -0.33 (As of Mar. 2026)


UNM Unum Group UNM
66 GF Score
Price $90.12
GF Value $73.95
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Unum Group Scaled Net Operating Assets?

Unum Group UNM +1.35% 66 Scaled Net Operating Assets is -0.33 as of Mar. 2026. GuruFocus rates UNM with a GF Score™ of 66/100 and a GF Value™ of $73.95 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Unum Group's operating assets for the quarter that ended in Mar. 2026 was $27,166 Mil. Unum Group's operating liabilities for the quarter that ended in Mar. 2026 was $48,060 Mil. Unum Group's Total Assets for the quarter that ended in Dec. 2025 was $63,519 Mil. Therefore, Unum Group's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was -0.33.

UNM
66GF Score
Unum Group UNM
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Unum Group Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Unum Group's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(63361.2-48632.7)/61959.3
=0.24

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=63519.4 - 158.2
=63361.2

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=52400.3 - 3767.6 - 0
=48632.7

Unum Group's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(27165.6-48059.9)/63519.4
=-0.33

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=62714.3 - 35548.7
=27165.6

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=51821.9 - 3762 - 0
=48059.9

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of -0.33 mean?
Unum Group (UNM) has a Scaled Net Operating Assets of -0.33 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Unum Group and its competitors.
Is Unum Group's Scaled Net Operating Assets too high?
Unum Group's current Scaled Net Operating Assets is -0.33. Overall, Unum Group has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Unum Group's Scaled Net Operating Assets compare to GL and PRI?
Unum Group's Scaled Net Operating Assets of -0.33 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Unum Group and its competitors. Unum Group's current Scaled Net Operating Assets is -0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unum Group stock overvalued right now?
Based on GuruFocus' analysis, Unum Group (UNM) is currently considered Modestly Overvalued. The stock's GF Value™ is $73.95, compared to a current price of $90.12 — trading 21.9% above its estimated fair value. The current Scaled Net Operating Assets is -0.33. Unum Group's overall GF Score™ is 66/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Unum Group (UNM), the current Scaled Net Operating Assets is -0.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Unum Group (UNM) Overvalued in 2026?

Based on GuruFocus' analysis, Unum Group stock appears to be overvalued. The current stock price of $90.12 is trading 21.9% above its estimated GF Value™ of $73.95. GuruFocus considers Unum Group to be Modestly Overvalued.

Key valuation signals for UNM:

  • Scaled Net Operating Assets: -0.33
  • GF Value™: $73.95 vs. price of $90.12 (21.9% above fair value)
  • GF Score™: 66/100 with 7 warning signs

No single metric tells the full story. See the UNM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Unum Group Business Description

Address 1 Fountain Square, Chattanooga, TN, USA, 37402
Unum Group is a provider of group and individual income protection insurance products in the United States, the United Kingdom, Poland, and other countries. It is the domestic disability insurer, with the majority of premiums generated from employer plans. The company also offers a complementary portfolio of other insurance products, including long-term care insurance, life insurance, and employer- and employee-paid group benefits. It has the following operating business segments: Unum USA, Unum International, Closed Block, Colonial Life, and Corporate. The Unum USA segment generates the majority of revenue. The firm markets its products through brokers.
66GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$90.12
Price
$73.95
GF Value