Elevance Health (ELV) 8-K Regulation FD Disclosure

Exhibit 12.1

WellPoint, Inc.

Computation of Ratio of Earnings to Fixed Charges

(unaudited)

(millions of dollars, except ratios)

	Six Months Ended June 30,		Year Ended December 31,
	2014		2013		2012		2011		2010		2009
Ratio of Earnings to Fixed Charges
Earnings:
Income before income taxes	$	2,393.8	$	3,840.2	$	3,858.3	$	3,957.9	$	4,353.8	$	7,403.0
Interest expense, including amortization of debt discount and expense related to indebtedness		291.8		602.7		511.8		430.3		418.9		447.4
Estimated interest portion of rental expense		31.6		62.0		51.1		49.5		62.4		73.6
Total Earnings Available for Fixed Charges	$	2,717.2	$	4,504.9	$	4,421.2	$	4,437.7	$	4,835.1	$	7,924.0
Fixed Charges:
Interest expense, including amortization of debt discount and expense related to indebtedness	$	291.8	$	602.7	$	511.8	$	430.3	$	418.9	$	447.4
Estimated interest portion of rental expense		31.6		62.0		51.1		49.5		62.4		73.6
Total Fixed Charges	$	323.4	$	664.7	$	562.9	$	479.8	$	481.3	$	521.0
Ratio of earnings to fixed charges		8.40x		6.78x		7.85x		9.25x		10.05x		15.21x