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) | 2010 | 2009 | 2010 | 2009 |
Earnings: Loss before benefit from income taxes | $ (9,789) | $(231,699) | $ (48,412) | $(468,837) |
Interest expense | 266,386 | 249,057 | 523,379 | 517,464 |
Implicit interest in rents | 4,038 | 6,212 | 7,746 | 10,610 |
Total earnings | $260,635 | $ 23,570 | $482,713 | $ 59,237 |
Fixed charges: Interest expense | $266,386 | $ 249,057 | $523,379 | $ 517,464 |
Implicit interest in rents | 4,038 | 6,212 | 7,746 | 10,610 |
Total fixed charges | $270,424 | $ 255,269 | $531,125 | $ 528,074 |
Ratio of earnings to fixed charges* | 0.96 | 0.09 | 0.91 | 0.11 |
*
Earnings were insufficient to cover total fixed charges by $9.8 million for the three months ended June 30, 2010 and $48.4 million for the six months ended June 30, 2010. 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.
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