EX-12.1 2 unhex121630201210q.htm EXHIBIT UNH EX 12.1 6.30.2012 10Q


EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(dollars in millions)
 
2012
 
2011
 
2012
 
2011
Earnings before income taxes
 
$
2,073

 
$
1,980

 
$
4,242

 
$
4,083

Fixed charges
 
177

 
141

 
347

 
281

Total earnings available for fixed charges
 
$
2,250

 
$
2,121

 
$
4,589

 
$
4,364

 
 
 
 
 
 
 
 
 
Fixed Charges:

 
 
 
 
 
 
 
 
Interest expense
 
$
153

 
$
119

 
$
301

 
$
237

Interest component of rental payments
 
24

 
22

 
46

 
44

Total fixed charges
 
$
177

 
$
141

 
$
347

 
$
281

Ratio of earnings to fixed charges
 
12.7

 
15.0

 
13.2

 
15.5


The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense plus the interest factor in rental expense.