EX-12 2 afg-2017930xex12.htm EXHIBIT 12 Exhibit


Exhibit 12
AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
 
 
 
Nine months ended September 30, 2017
 
Year ended December 31, 2016
Earnings before income taxes
 
$
457

 
$
787

Undistributed equity in earnings of investees
 
(10
)
 
(25
)
Fixed charges:
 
 
 
 
Interest on annuities
 
635

 
800

Interest expense
 
64

 
76

Debt discount, expense and other fixed charges
 
1

 
1

Portion of rentals representing interest
 
17

 
23

EARNINGS
 
$
1,164

 
$
1,662

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest on annuities
 
$
635

 
$
800

Interest expense
 
64

 
76

Debt discount, expense and other fixed charges
 
1

 
1

Portion of rentals representing interest
 
17

 
23

FIXED CHARGES
 
$
717

 
$
900

 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
1.62

 
1.85

 
 
 
 
 
Earnings in Excess of Fixed Charges
 
$
447

 
$
762




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