exhibit12.htm

				For the Years Ended December 31,
				2011		2010		2009			2008			2007
Income (loss) from continuing operations before taxes				$	599	$	1,234	$	(521	)	$	(137	)	$	1,675
Sub-total of fixed charges					308		307		292			303			325
	Sub-total of adjusted income (loss)				907		1,541		(229	)		166			2,000
Interest on annuities and financial products					2,488		2,499		2,513			2,538			2,525
		Adjusted income (loss) base		$	3,395	$	4,040	$	2,284		$	2,704		$	4,525
Fixed Charges
Interest and debt expense (1)				$	286	$	286	$	261		$	281		$	284
Interest expense related to uncertain tax positions					9		7		13			2			21
Portion of rent expense representing interest					13		14		18			20			20
	Sub-total of fixed charges excluding interest on annuities and financial products				308		307		292			303			325
Interest on annuities and financial products					2,488		2,499		2,513			2,538			2,525
			Total fixed charges	$	2,796	$	2,806	$	2,805		$	2,841		$	2,850

Ratio of sub-total of adjusted income (loss) to sub-total of fixed charges excluding interest on annuities and financial products (2)					2.94		5.02	NM			NM				6.15
Ratio of adjusted income (loss) base to total fixed charges (2)					1.21		1.44	NM			NM				1.59

(1)	Interest and debt expense excludes an $8 million loss, $5 million loss and $64 million gain related to the early retirement of debt in 2011, 2010 and 2009, respectively.

(2)

The ratios of earnings to fixed charges for the years ended December 31, 2009 and 2008, indicated a less than one-to-one coverage and are therefore not presented. Additional earnings of $521 million and $137 million would have been required for the years ended December 31, 2009 and 2008, respectively, to achieve ratios of one-to-one coverage.