EX-12.1 3 unhex121930201310q.htm EXHIBIT UNH EX 12.1 9.30.2013 10Q


EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(dollars in millions)
 
2013
 
2012
 
2013
 
2012
Earnings before income taxes
 
$
2,453

 
$
2,452

 
$
6,639

 
$
6,694

Fixed charges
 
211

 
183

 
629

 
530

Total earnings available for fixed charges
 
$
2,664

 
$
2,635

 
$
7,268

 
$
7,224

 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
178

 
$
158

 
$
532

 
$
459

Interest component of rental payments
 
33

 
25

 
97

 
71

Total fixed charges
 
$
211

 
$
183

 
$
629

 
$
530

Ratio of earnings to fixed charges
 
12.6

 
14.4

 
11.6

 
13.6


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.