Janus Capital (JNS) 10-K 2006 FY Annual report

Ex. 12.1

JANUS CAPITAL GROUP INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
	2006		2005		2004		2003		2002
(dollars in millions)
Pretax income, excluding equity in earnings of unconsolidated affiliates	$	230.1	$	168.6	$	265.6	$	815.3	$	248.2
Interest expense	32.3		28.6		38.4		60.5		57.5
Portion of rents representative of an appropriate interest factor	6.4		6.4		7.2		4.3		4.5
Distributed earnings of less than 50% owned affiliates	7.1		7.1		6.1		2.7		—
Income as adjusted	$	275.9	$	210.7	$	317.3	$	882.8	$	310.2
Fixed charges:
Interest expense on indebtedness	$	32.3	$	28.6	$	38.4	$	60.5	$	57.5
Amortized premiums, discounts and capitalized expenses related to indebtness	0.6		1.2		2.2		4.2		—
Portion of rents representative of an appropriate interest factor	6.4		6.4		7.2		4.3		4.5
Total fixed charges	$	39.3	$	36.2	$	47.8	$	69.0	$	62.0
Ratio of Earnings to Fixed Charges	7.02		5.82		6.64		12.79		5.00