Unum Group (Unum Group) Interest Coverage : 9.71 (As of Dec. 2023)

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What is Unum Group Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's EBIT by its Interest Expense. Unum Group's EBIT for the three months ended in Dec. 2023 was $478 Mil. Unum Group's Interest Expense for the three months ended in Dec. 2023 was $-49 Mil. Unum Group's interest coverage for the quarter that ended in Dec. 2023 was 9.71. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Unum Group's Interest Coverage or its related term are showing as below:

UNM' s Interest Coverage Range Over the Past 10 Years
Min: 4.24 Med: 8.95 Max: 10.28
Current: 9.42

UNM's Interest Coverage is ranked worse than
59.01% of 322 companies
in the Insurance industry
Industry Median: 13.355 vs UNM: 9.42

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Unum Group Interest Coverage Historical Data

The historical data trend for Unum Group's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Unum Group Interest Coverage Chart

Unum Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

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8.79

6.12

7.81

10.28

9.42

Unum Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															8.91	10.38	11.19	6.38	9.71

Competitive Comparison of Unum Group's Interest Coverage

For the Insurance - Life subindustry, Unum Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Unum Group's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Unum Group's Interest Coverage falls into.

Unum Group Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and EBIT is positive, then

Interest Coverage

-1

EBIT

Interest Expense

Else if Interest Expense is negative and EBIT is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Unum Group's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Unum Group's Interest Expense was $-195 Mil. Its EBIT was $1,835 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,430 Mil.

Interest Coverage	=	-1	*	EBIT (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	1834.9	/	-194.8
	=	9.42

Unum Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Unum Group's Interest Expense was $-49 Mil. Its EBIT was $478 Mil. And its Long-Term Debt & Capital Lease Obligation was $3,430 Mil.

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	477.9	/	-49.2
	=	9.71

The higher the ratio, the stronger the company's Financial Strength is.

Unum Group (NYSE:UNM) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Unum Group Interest Coverage Related Terms

Thank you for viewing the detailed overview of Unum Group's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Unum Group (Unum Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Unum Group (NYSE:UNM) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

UUM:Germany UUM:Germany

Address

1 Fountain Square, Chattanooga, TN, USA, 37402

Website

https://www.unum.com

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