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Unum Group (Unum Group) Effective Interest Rate on Debt % : 5.73% (As of Dec. 2023)


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What is Unum Group Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Unum Group's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $197 Mil. Unum Group's average total debt for the quarter that ended in Dec. 2023 was $3,432 Mil. Therefore, Unum Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 5.73%.


Unum Group Effective Interest Rate on Debt % Historical Data

The historical data trend for Unum Group's Effective Interest Rate on Debt % can be seen below:

* 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.

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Unum Group Effective Interest Rate on Debt % Chart

Unum Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.30 5.32 5.45 5.49 5.68

Unum Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.51 5.61 5.70 5.66 5.73

Competitive Comparison of Unum Group's Effective Interest Rate on Debt %

For the Insurance - Life subindustry, Unum Group's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Unum Group's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Unum Group's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Unum Group's Effective Interest Rate on Debt % falls into.



Unum Group Effective Interest Rate on Debt % Calculation

Unum Group's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -194.8/( (3429.8+3430.4)/ 2 )
=-1  *  -194.8/3430.1
=5.68 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3427.8 + 2
=3429.8

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3430.4 + 0
=3430.4

Unum Group's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -196.8/( (3433.8+3430.4)/ 2 )
=-1  *  -196.8/3432.1
=5.73 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3431.8 + 2
=3433.8

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3430.4 + 0
=3430.4

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Unum Group  (NYSE:UNM) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Unum Group Effective Interest Rate on Debt % Related Terms

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Unum Group (Unum Group) Business Description

Industry
Traded in Other Exchanges
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 largest 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 US, Unum International, and Colonial Life. The majority of the revenue is earned from the Unum US segment. The firm markets its products primarily through brokers.
Executives
Puneet Bhasin officer: Chief Info & Digital Officer 1001 FANNIN, SUITE 4000, HOUSTON TX 77002
Christopher W Pyne officer: EVP, Group Benefits 1 FOUNTAIN SQUARE, LAW DEPT. (7N200), CHATTANOOGA TN 37402
Timothy Gerald Arnold officer: EVP, President & CEO, Colonial 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Mojgan M Lefebvre director 385 WASHINGTON STREET, ST. PAUL MN 55102
Rice Walter Lynn Jr officer: SVP, Chief Accounting Officer 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402-1307
Michael Q Simonds officer: EVP, President & CEO, Unum US 1 FOUNTAIN SQUARE, LAW DEPT. (7S730), CHATTANOOGA TN 37402
Gloria C Larson director UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Lisa G Iglesias officer: EVP, General Counsel 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Richard P Mckenney officer: Executive Vice President UNUM GROUP, 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Cherie Pashley officer: SVP, Chief Accounting Officer 1 FOUNTAIN SQUARE, LAW DEPT. 7N200, CHATTANOOGA TN 37402
Gale V. King director 123 SOUTH FRONT STREET, MEMPHIS TN 38103
Francis Shammo director 1 FOUNTAIN SQUARE, CHATTANOOGA TN 37402
Timothy F Keaney director 1 FOUNTAIN SQUARE, LAW DEPT. 7S730, CHATTANOOGA TN 37402
Mark Paul Till officer: EVP & CEO Designate, Unum Intl 1 FOUNTAIN SQUARE, LAW DEPARTMENT (E7N200), CHATTANOOGA TN 37402
Martha Leiper officer: EVP, Chief Investment Officer 9800 FREDERICKSBURG ROAD, SAN ANTONIO TX 78288