EX-7 2 d375826dex7.htm EX-7 EX-7
384   Additional information Signatures
      
      

 

Exhibit 7

RATIO OF EARNINGS TO FIXED CHARGES

 

Year ended December 31,                  2017                    2016                    2015                  2014                    2013  

Earnings:

                       

Income before taxes

        2,534          610          (514 )       916          1,236  

Add: Fixed charges included in earnings

        1,570          1,530          1,643        1,542          1,746  

(A) Total Earnings

        4,104          2,140          1,129        2,458          2,981  

Fixed charges:

                       

Interest

        435          347          412        371          355  

Interest on fixed annuities, investment contracts and savings accounts

        1,135          1,183          1,232        1,171          1,391  

Sub-total fixed charges included in earnings

        1,570          1,530          1,643        1,542          1,746  

Dividend on preferred shares

        -          -          -        -          24  

Coupons on perpetual capital securities

        138          140          148        171          194  

Coupons on Non-Cumulative Subordinated Notes

        37          38          38        32          28  

(B) Total fixed charges

        1,745          1,708          1,829        1,744          1,992  

Ratio: (A) / (B)

        2.4          1.3          0.6        1.4          1.5  

Ratio excluding interest on fixed annuities, investment contracts and savings accounts

        4.9          1.8          (0.2 )       2.2          2.6  
 

 

       LOGO      Annual Report on Form 20-F 2017