EX-12.2 6 a10-5733_1ex12d2.htm EX-12.2

Exhibit 12.2

 

Aon Corporation and Consolidated Subsidiaries

Combined With Unconsolidated Subsidiaries

Computation of Ratio of Earnings to Combined Fixed Charges

and Preferred Stock Dividends

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

Years Ended December 31,

 

(millions except ratios)

 

2010

 

2009

 

2009

 

2008

 

2007

 

2006

 

2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income taxes and noncontrolling interests

 

$

247

 

$

343

 

$

949

 

$

879

 

$

1,023

 

$

738

 

$

567

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: Earnings from unconsolidated entities under the equity method of accounting

 

4

 

 

11

 

5

 

6

 

5

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Add back fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

 

34

 

29

 

122

 

126

 

138

 

129

 

125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on uncertain tax positions

 

 

 

2

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rents representative of interest factor

 

11

 

9

 

48

 

47

 

75

 

79

 

71

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income as adjusted

 

$

288

 

$

381

 

$

1,110

 

$

1,047

 

$

1,232

 

$

941

 

$

756

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges and preferred stock dividends:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

 

$

34

 

$

29

 

$

122

 

$

126

 

$

138

 

$

129

 

$

125

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on uncertain tax positions

 

 

 

2

 

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred stock dividends

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest and dividends

 

34

 

29

 

124

 

126

 

140

 

129

 

128

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rents representative of interest factor

 

11

 

9

 

48

 

47

 

75

 

79

 

71

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges and preferred stock dividends

 

$

45

 

$

38

 

$

172

 

$

173

 

$

215

 

$

208

 

$

199

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

6.4

 

10.0

 

6.5

 

6.1

 

5.7

 

4.5

 

3.8