EX-12 3 exhibit12allcorp123117.htm EXHIBIT 12 Exhibit


EXHIBIT 12

The Allstate Corporation
Computation of Earnings to Fixed Charges Ratio

($ in millions)
 
For the year ended December 31,
 
 
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
1.
Income from operations before income tax
 
$
3,991

 
$
2,754

 
$
3,282

 
$
4,236

 
$
3,396

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2.
Interest in indebtedness
 
$
335

 
$
295

 
$
292

 
$
322

 
$
367

 
 
 
 
 
 
 
 
 
 
 
 
 
 
3.
Interest factor of annual rental expense
 
18

 
18

 
19

 
18

 
19

 
 
 
 
 
 
 
 
 
 
 
 
 
 
4.
Interest credited to contractholder funds
 
690

 
726

 
761

 
919

 
1,278

 
 
 
 
 
 
 
 
 
 
 
 
 
 
5.
Total fixed charges (2+3+4)
 
$
1,043

 
$
1,039

 
$
1,072

 
$
1,259

 
$
1,664

 
 
 
 
 
 
 
 
 
 
 
 
 
 
6.
Preferred stock dividends
 
116

 
116

 
116

 
104

 
17

 
 
 
 
 
 
 
 
 
 
 
 
 
 
7.
Total fixed charges and preferred stock dividends (5+6)
 
$
1,159

 
$
1,155

 
$
1,188

 
$
1,363

 
$
1,681

 
 
 
 
 
 
 
 
 
 
 
 
 
 
8.
Income from operations before income taxes and fixed charges (1+5)
 
$
5,034

 
$
3,793

 
$
4,354

 
$
5,495

 
$
5,060

 
 
 
 
 
 
 
 
 
 
 
 
 
 
9.
Ratio of earnings to fixed charges (8/5)
 
4.8

X
3.7

X
4.1

X
4.4

X
3.0

X
 
 
 
 
 
 
 
 
 
 
 
 
 
10.
Income from operations before income taxes and fixed charges and preferred stock dividends (1+7)
 
$
5,150


$
3,909


$
4,470


$
5,599


$
5,077

 
 
 
 
 
 
 
 
 
 
 
 
 
 
11.
Ratio of earnings to fixed charges and preferred stock dividends (10/7)
 
4.4

X
3.4

X
3.8

X
4.1

X
3.0

X