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Exhibit 12(a)
Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
| Six Months Ended June 30, | Years Ended December 31, | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2002 | 2001 | 2001 | 2000 | 1999 | 1998 | 1997 | ||||||||||||||||
| | (Restated) | (Restated) | (Restated) | (Restated) | (Restated) | (Restated) | ||||||||||||||||
| (millions except ratios) | ||||||||||||||||||||||
Income before provision for income taxes and minority interest | $ | 287 | $ | 112 | $ | 309 | $ | 854 | $ | 635 | $ | 931 | $ | 542 | |||||||||
Add back fixed charges: | |||||||||||||||||||||||
Interest on indebtedness | 59 | 67 | 127 | 140 | 105 | 87 | 70 | ||||||||||||||||
Interest credited on investment-type insurance contracts | 21 | 30 | 56 | 71 | 77 | 72 | 45 | ||||||||||||||||
Interest on ESOP | — | — | — | — | 1 | 2 | 3 | ||||||||||||||||
Portion of rents representative of interest factor | 28 | 27 | 57 | 54 | 49 | 51 | 44 | ||||||||||||||||
Income as adjusted | $ | 395 | $ | 236 | $ | 549 | $ | 1,119 | $ | 867 | $ | 1,143 | $ | 704 | |||||||||
Fixed charges: | |||||||||||||||||||||||
Interest on indebtedness | $ | 59 | $ | 67 | $ | 127 | $ | 140 | $ | 105 | $ | 87 | $ | 70 | |||||||||
Interest credited on investment-type insurance contracts | 21 | 30 | 56 | 71 | 77 | 72 | 45 | ||||||||||||||||
Interest on ESOP | — | — | — | — | 1 | 2 | 3 | ||||||||||||||||
Portion of rents representative of interest factor | 28 | 27 | 57 | 54 | 49 | 51 | 44 | ||||||||||||||||
Total fixed charges | $ | 108 | $ | 124 | $ | 240 | $ | 265 | $ | 232 | $ | 212 | $ | 162 | |||||||||
Ratio of earnings to fixed charges | 3.7 | 1.9 | 2.3 | 4.2 | 3.7 | 5.4 | 4.3 | ||||||||||||||||
Aon Corporation and Consolidated Subsidiaries Combined With Unconsolidated Subsidiaries Computation of Ratio of Earnings to Fixed Charges