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Exhibit 12
AMERICAN GENERAL FINANCE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
| Three Months Ended | Six Months Ended | ||
| June 30, | June 30, | ||
(dollars in thousands) | 2009 | 2008 | 2009 | 2008 |
Earnings: Loss before benefit for income taxes | $(231,699) | $ (61,706) | $(468,837) | $(109,077) |
Interest expense | 249,057 | 290,860 | 517,464 | 597,095 |
Implicit interest in rents | 6,212 | 8,037 | 10,610 | 13,595 |
Total earnings | $ 23,570 | $237,191 | $ 59,237 | $ 501,613 |
Fixed charges: Interest expense | $ 249,057 | $290,860 | $ 517,464 | $ 597,095 |
Implicit interest in rents | 6,212 | 8,037 | 10,610 | 13,595 |
Total fixed charges | $ 255,269 | $298,897 | $ 528,074 | $ 610,690 |
Ratio of earnings to fixed charges* | 0.09 | 0.79 | 0.11 | 0.82 |
*
Earnings were insufficient to cover total fixed charges by $231.7 million for the three months ended June 30, 2009 and $468.8 million for the six months ended June 30, 2009. Earnings were insufficient to cover total fixed charges by $61.7 million for the three months ended June 30, 2008 and $109.1 million for the six months ended June 30, 2008.
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