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Unum Group (FRA:UUM) Claims Ratio % : 0.00% (As of . 20)


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What is Unum Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Unum Group's Claims Ratio % or its related term are showing as below:

FRA:UUM's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Unum Group Claims Ratio % Historical Data

The historical data trend for Unum Group's Claims Ratio % 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.

* Premium members only.

Unum Group Claims Ratio % Chart


Unum Group  (FRA:UUM) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* 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.

Unum Group  (FRA:UUM) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Unum Group Claims Ratio % Related Terms

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Unum Group (FRA:UUM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Unum Group (FRA:UUM) » Definitions » Claims Ratio %
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PRI GL JXN FG LNC AEL BHF CNO GNW NWLI SHSE:601628 SHSE:601318 HKSE:01299 BOM:543526 MET AFL TSX:MFC PRU SHSE:601601 TSX:GWO
Traded in Other Exchanges
UNM:USA 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.

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