EX-12.2 5 a13-9044_1ex12d2.htm EX-12.2

Exhibit 12.2

 

Aon Corporation and Consolidated Subsidiaries

Combined With Unconsolidated Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

 

 

 

Years Ended December 31,

 

(millions except ratio) 

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes and noncontrolling interests

 

$

1,418

 

$

1,384

 

$

1,059

 

$

949

 

$

879

 

 

 

 

 

 

 

 

 

 

 

 

 

Less: Equity in earnings on less than 50% owned entities

 

13

 

7

 

10

 

11

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

Add back fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

 

—

 

245

 

182

 

122

 

126

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on uncertain tax positions

 

5

 

—

 

(1

)

2

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rents representative of interest factor

 

42

 

55

 

48

 

48

 

47

 

 

 

 

 

 

 

 

 

 

 

 

 

Income as adjusted

 

$

1,452

 

$

1,677

 

$

1,278

 

$

1,110

 

$

1,047

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on indebtedness

 

$

185

 

$

245

 

$

182

 

$

122

 

$

126

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on uncertain tax positions

 

5

 

—

 

(1

)

2

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rents representative of interest factor

 

42

 

55

 

48

 

48

 

47

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

232

 

$

300

 

$

229

 

$

172

 

$

173

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

6.3

 

5.6

 

5.6

 

6.5

 

6.1