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Content analysis
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H.S. freshman Avg
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EXHIBIT 12.1
Primerica, Inc.
Computation of Earnings to Fixed Charges Ratios
(In thousands, except ratios)
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| 2014 |
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| 2013 |
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| 2012 |
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| 2011 |
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| 2010 |
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Earnings: |
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| 1. |
| Income from continuing operations before income taxes |
| $ | 275,722 |
|
| $ | 245,006 |
|
| $ | 266,122 |
|
| $ | 245,117 |
|
| $ | 359,089 |
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Fixed charges: |
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| 2. |
| Interest expense |
|
| 34,570 |
|
|
| 35,018 |
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|
| 33,101 |
|
|
| 27,968 |
|
|
| 20,872 |
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| 3. |
| Interest credited on investment-type contracts |
|
| 7,277 |
|
|
| 7,612 |
|
|
| 8,300 |
|
|
| 8,584 |
|
|
| 10,180 |
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| 4. |
| Interest factor on rental expense |
|
| 573 |
|
|
| 613 |
|
|
| 513 |
|
|
| 498 |
|
|
| 481 |
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| 5. |
| Total fixed charges (2 + 3 + 4) |
|
| 42,420 |
|
|
| 43,243 |
|
|
| 41,914 |
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|
| 37,050 |
|
|
| 31,533 |
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| 6. |
| Earnings before fixed charges (1 + 5) |
| $ | 318,142 |
|
| $ | 288,249 |
|
| $ | 308,036 |
|
| $ | 282,167 |
|
| $ | 390,622 |
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Ratios: |
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| 7. |
| Earnings to total fixed charges (6 / 5) |
|
| 7.5 |
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| 6.7 |
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| 7.3 |
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| 7.6 |
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| 12.4 |
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EXH 12.1-1