EX-12.1 2 unhex121630201310q.htm EXHIBIT UNH EX 12.1 6.30.2013 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)
 
2013
 
2012
 
2013
 
2012
Earnings before income taxes
 
$
2,225

 
$
2,073

 
$
4,186

 
$
4,242

Fixed charges
 
209

 
177

 
418

 
347

Total earnings available for fixed charges
 
$
2,434

 
$
2,250

 
$
4,604

 
$
4,589

 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
176

 
$
153

 
$
354

 
$
301

Interest component of rental payments
 
33

 
24

 
64

 
46

Total fixed charges
 
$
209

 
$
177

 
$
418

 
$
347

Ratio of earnings to fixed charges
 
11.6

 
12.7

 
11.0

 
13.2


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.