EX-12.1 2 unm12312011ex121.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES UNM 12.31.2011 EX12.1


EXHIBIT 12.1

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
Year Ended December 31
 
2011
 
2010
 
2009
 
2008
 
2007
 
(in millions of dollars, except ratios)
Earnings
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from Continuing Operations Before Income Tax
$
257.2

 
$
1,331.3

 
$
1,292.3

 
$
824.0

 
$
997.2

Fixed Charges
165.5

 
163.1

 
146.2

 
179.9

 
210.2

Adjusted Earnings
$
422.7

 
$
1,494.4

 
$
1,438.5

 
$
1,003.9

 
$
1,207.4

 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest and Debt Expense, excluding Costs Related to Early Retirement of Debt
$
143.3

 
$
143.3

 
$
126.2

 
$
156.3

 
$
183.1

Interest Credited to Policyholders
9.4

 
8.9

 
8.4

 
9.0

 
10.7

Amortization of Deferred Debt Costs
0.8

 
1.1

 
1.6

 
3.1

 
5.0

Portion of Rents Deemed Representative of Interest
12.0

 
9.8

 
10.0

 
11.5

 
11.4

Total Fixed Charges
$
165.5

 
$
163.1

 
$
146.2

 
$
179.9

 
$
210.2

 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
2.6
 
9.2
 
9.8
 
5.6
 
5.7