EX-12.1 2 unm12312012ex121.htm EXHIBIT UNM 12.31.2012 EX12.1


EXHIBIT 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
Year Ended December 31
 
2012
 
2011
 
2010
 
2009
 
2008
 
(in millions of dollars, except ratios)
Earnings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income Before Income Tax
$
1,249.5

 
$
333.3

 
$
1,319.9

 
$
1,283.9

 
$
824.3

Fixed Charges
169.8

 
165.5

 
163.1

 
146.2

 
179.9

Adjusted Earnings
$
1,419.3

 
$
498.8

 
$
1,483.0

 
$
1,430.1

 
$
1,004.2

 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and Debt Expense, excluding Costs Related to Early Retirement of Debt
$
145.4

 
$
143.3

 
$
143.3

 
$
126.2

 
$
156.3

Interest Credited to Policyholders
9.7

 
9.4

 
8.9

 
8.4

 
9.0

Portion of Rents Deemed Representative of Interest
13.9

 
12.0

 
9.8

 
10.0

 
11.5

Other
0.8

 
0.8

 
1.1

 
1.6

 
3.1

Total Fixed Charges
$
169.8

 
$
165.5

 
$
163.1

 
$
146.2

 
$
179.9

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
8.4
 
3.0
 
9.1
 
9.8
 
5.6

Effective January 1, 2012, we adopted an accounting standards update regarding the capitalization of costs associated with the acquisition of insurance contracts and applied the amendment retrospectively. Prior period results have been adjusted to reflect our retrospective adoption.