EXHIBIT 12.1
ASSURANT, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(in millions of U.S. dollars except for ratio amounts)
2006 | 2007 | 2008 | 2009 | 2010 | September 30, 2011 | |||||||||||||||||||
Income before income taxes | $ | 1,095.7 | $ | 1,011.0 | $ | 563.3 | $ | 709.6 | $ | 606.4 | $ | 461.9 | ||||||||||||
Fixed charges | 74.6 | 73.9 | 73.5 | 74.6 | 73.8 | 52.9 | ||||||||||||||||||
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Income as adjusted | $ | 1,170.3 | $ | 1,084.9 | $ | 636.8 | $ | 784.2 | $ | 680.2 | $ | 514.8 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense, including discount amortization and preferred stock dividends (1) | $ | 61.2 | $ | 61.2 | $ | 61.0 | $ | 60.7 | $ | 60.6 | $ | 45.3 | ||||||||||||
Portion of rents representative of an appropriate interest factor | 13.4 | 12.7 | 12.5 | 13.9 | 13.2 | 7.6 | ||||||||||||||||||
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Total fixed charges | $ | 74.6 | $ | 73.9 | $ | 73.5 | $ | 74.6 | $ | 73.8 | $ | 52.9 | ||||||||||||
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Ratio of consolidated earnings to fixed charges | 15.69 | 14.68 | 8.66 | 10.51 | 9.22 | 9.73 | ||||||||||||||||||
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1. | Preferred stock issued is recorded as a liability, thus the corresponding dividend is recorded as interest expense. |
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