Exhibit 12
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended September 30 | Year Ended December 31 | |||||||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
(in millions of dollars, except ratios) | ||||||||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Income Before Income Tax | $ | 985.1 | $ | 1,205.2 | $ | 1,249.5 | $ | 333.3 | $ | 1,319.9 | $ | 1,283.9 | ||||||||||||
Fixed Charges | 138.7 | 175.1 | 169.8 | 165.5 | 163.1 | 146.2 | ||||||||||||||||||
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Adjusted Earnings | $ | 1,123.8 | $ | 1,380.3 | $ | 1,419.3 | $ | 498.8 | $ | 1,483.0 | $ | 1,430.1 | ||||||||||||
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Fixed Charges | ||||||||||||||||||||||||
Interest and Debt Expense, excluding Costs Related to Early Retirement of Debt | $ | 115.8 | $ | 149.4 | $ | 145.4 | $ | 143.3 | $ | 143.3 | $ | 126.2 | ||||||||||||
Interest Credited on Investment Products | 11.1 | 10.2 | 9.7 | 9.4 | 8.9 | 8.4 | ||||||||||||||||||
Portion of Rents Deemed Representative of Interest | 11.2 | 14.7 | 13.9 | 12.0 | 9.8 | 10.0 | ||||||||||||||||||
Other | 0.6 | 0.8 | 0.8 | 0.8 | 1.1 | 1.6 | ||||||||||||||||||
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Total Fixed Charges | $ | 138.7 | $ | 175.1 | $ | 169.8 | $ | 165.5 | $ | 163.1 | $ | 146.2 | ||||||||||||
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Ratio of Earnings to Fixed Charges | 8.1 | 7.9 | 8.4 | 3.0 | 9.1 | 9.8 |