EX-12.1 2 unhex121331201310q.htm EXHIBIT UNH EX 12.1 3.31.2013 10Q


EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
March 31,
 
March 31,
(dollars in millions)
 
2013
 
2012
Earnings before income taxes
 
$
1,961

 
$
2,169

Fixed charges
 
209

 
170

Total earnings available for fixed charges
 
$
2,170

 
$
2,339

 
 
 
 
 
Fixed Charges:
 
 
 
 
Interest expense
 
$
178

 
$
148

Interest component of rental payments
 
31

 
22

Total fixed charges
 
$
209

 
$
170

Ratio of earnings to fixed charges
 
10.4

 
13.8


The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense plus the interest factor in rental expense.