EX-12.1 7 q12013exhibit121.htm EX-12.1 12.1 Computation of Ratio Earnings to Fixed Charges


Exhibit 12.1
Aon plc and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges

 
 
Three Months Ended March 31,
 
Years Ended December 31,
(millions except ratio)
 
2013
 
2012
 
2012
 
2011
 
2010
 
2009
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and noncontrolling interests
 
$
368

 
$
346

 
$
1,381

 
$
1,384

 
$
1,059

 
$
949

 
 
 
 
 
 
 
 
 
 
 
 
 
Less: Equity in earnings on less than 50% owned entities
 
2

 
1

 
13

 
7

 
10

 
11

 
 
 
 
 
 
 
 
 
 
 
 
 
Add back fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
52

 
59

 
228

 
245

 
182

 
122

 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on uncertain tax positions
 
—

 
1

 
5

 
—

 
(1
)
 
2

 
 
 
 
 
 
 
 
 
 
 
 
 
     Portion of rents representative of interest factor
 
10

 
14

 
42

 
55

 
48

 
48

 
 
 
 
 
 
 
 
 
 
 
 
 
          Income as adjusted
 
$
428

 
$
419

 
$
1,643

 
$
1,677

 
$
1,278

 
$
1,110

 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
$
52

 
$
59

 
$
228

 
$
245

 
$
182

 
$
122

 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on uncertain tax positions
 
—

 
1

 
5

 
—

 
(1
)
 
2

 
 
 
 
 
 
 
 
 
 
 
 
 
     Portion of rents representative of interest factor
 
10

 
14

 
42

 
55

 
48

 
48

 
 
 
 
 
 
 
 
 
 
 
 
 
          Total fixed charges
 
$
62

 
$
74

 
$
275

 
$
300

 
$
229

 
$
172

 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
6.9

 
5.7

 
6.0

 
5.6


5.6

 
6.5