Exhibit 12.1
Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
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Nine Months ended |
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September 30, |
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Years Ended December 31, |
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(millions except ratio) |
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2011 |
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2010 |
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2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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Income from continuing operations before income taxes and noncontrolling interests |
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$ |
1,000 |
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$ |
699 |
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$ |
1,059 |
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$ |
949 |
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$ |
879 |
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$ |
1,023 |
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$ |
738 |
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Less: Equity in earnings on less than 50% owned entities |
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(7 |
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3 |
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10 |
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11 |
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5 |
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6 |
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5 |
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Add back fixed charges: |
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Interest on indebtedness |
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186 |
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117 |
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182 |
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122 |
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126 |
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138 |
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129 |
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Interest on uncertain tax positions |
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1 |
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1 |
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(1 |
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2 |
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2 |
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Portion of rents representative of interest factor |
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37 |
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29 |
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48 |
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48 |
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47 |
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75 |
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79 |
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Income as adjusted |
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$ |
1,231 |
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$ |
843 |
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$ |
1,278 |
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$ |
1,110 |
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$ |
1,047 |
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$ |
1,232 |
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$ |
941 |
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Fixed charges: |
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Interest on indebtedness |
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$ |
186 |
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$ |
117 |
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$ |
182 |
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$ |
122 |
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$ |
126 |
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$ |
138 |
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$ |
129 |
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Interest on uncertain tax positions |
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1 |
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1 |
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(1 |
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2 |
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2 |
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Portion of rents representative of interest factor |
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37 |
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29 |
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48 |
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48 |
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47 |
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75 |
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79 |
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Total fixed charges |
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$ |
224 |
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$ |
147 |
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$ |
229 |
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$ |
172 |
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$ |
173 |
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$ |
215 |
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$ |
208 |
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Ratio of earnings to fixed charges |
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5.5 |
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5.7 |
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5.6 |
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6.5 |
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6.1 |
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5.7 |
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4.5 |
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