EX-12.1 3 ex121unh2018630.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(dollars in millions)
 
2018
 
2017
 
2018
 
2017
Earnings before income taxes
 
$
3,860

 
$
3,430

 
$
7,584

 
$
6,560

Fixed charges
 
403

 
352

 
790

 
684

Total earnings available for fixed charges
 
$
4,263

 
$
3,782

 
$
8,374

 
$
7,244

 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
344

 
$
301

 
$
673

 
$
584

Interest component of rental payments
 
59

 
51

 
117

 
100

Total fixed charges
 
$
403

 
$
352

 
$
790

 
$
684

Ratio of earnings to fixed charges
 
10.6

 
10.7

 
10.6

 
10.6

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.