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