AON CORPORATION AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(millions except ratios)
| | Three Months Ended March 31, | Years Ended December 31, | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2002 | 2001 | 2001 | 2000 | 1999 | 1998 | 1997 | ||||||||||||||||
| | (Restated) | (Restated) | | | | | | ||||||||||||||||
| Income before provision for income taxes and minority interest | $ | 271 | $ | 48 | $ | 309 | $ | 854 | $ | 635 | $ | 931 | $ | 542 | |||||||||
ADD BACK FIXED CHARGES: | |||||||||||||||||||||||
| Interest on indebtedness | 29 | 36 | 127 | 140 | 105 | 87 | 70 | ||||||||||||||||
| Interest credited on investment-type insurance contracts | 12 | 16 | 56 | 71 | 77 | 72 | 45 | ||||||||||||||||
| Interest on ESOP | — | — | — | — | 1 | 2 | 3 | ||||||||||||||||
| Portion of rents representative of interest factor | 15 | 14 | 57 | 54 | 49 | 51 | 44 | ||||||||||||||||
| INCOME AS ADJUSTED | $ | 327 | $ | 114 | $ | 549 | $ | 1,119 | $ | 867 | $ | 1,143 | $ | 704 | |||||||||
| FIXED CHARGES: | |||||||||||||||||||||||
| Interest on indebtedness | $ | 29 | $ | 36 | $ | 127 | $ | 140 | $ | 105 | $ | 87 | $ | 70 | |||||||||
| Interest credited on investment-type insurance contracts | 12 | 16 | 56 | 71 | 77 | 72 | 45 | ||||||||||||||||
| Interest on ESOP | — | — | — | — | 1 | 2 | 3 | ||||||||||||||||
| Portion of rents representative of interest factor | 15 | 14 | 57 | 54 | 49 | 51 | 44 | ||||||||||||||||
| TOTAL FIXED CHARGES | $ | 56 | $ | 66 | $ | 240 | $ | 265 | $ | 232 | $ | 212 | $ | 162 | |||||||||
| RATIO OF EARNINGS TO FIXED CHARGES | 5.8 | 1.7 | 2.3 | 4.2 | 3.7 | 5.4 | 4.3 | ||||||||||||||||
