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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, | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2002 | 2002 | 2001 | 2000 | 1999 | 1998 | ||||||||||||||||
| (millions except ratios) | ||||||||||||||||||||||
Income before provision for income taxes and minority interest | $ | 501 | $ | 287 | $ | 793 | $ | 309 | $ | 854 | $ | 635 | $ | 931 | |||||||||
Add back fixed charges: | |||||||||||||||||||||||
Interest on indebtedness | 55 | 59 | 124 | 127 | 140 | 105 | 87 | ||||||||||||||||
Interest credited on investment-type insurance contracts | 2 | 21 | 29 | 56 | 71 | 77 | 72 | ||||||||||||||||
Interest on ESOP | — | — | — | — | — | 1 | 2 | ||||||||||||||||
Portion of rents representative of interest factor | 27 | 28 | 59 | 57 | 54 | 49 | 51 | ||||||||||||||||
Income as adjusted | $ | 585 | $ | 395 | $ | 1,005 | $ | 549 | $ | 1,119 | $ | 867 | $ | 1,143 | |||||||||
Fixed charges: | |||||||||||||||||||||||
Interest on indebtedness | $ | 55 | $ | 59 | $ | 124 | $ | 127 | $ | 140 | $ | 105 | $ | 87 | |||||||||
Interest credited on investment-type insurance contracts | 2 | 21 | 29 | 56 | 71 | 77 | 72 | ||||||||||||||||
Interest on ESOP | — | — | — | — | — | 1 | 2 | ||||||||||||||||
Portion of rents representative of interest factor | 27 | 28 | 59 | 57 | 54 | 49 | 51 | ||||||||||||||||
Total fixed charges | $ | 84 | $ | 108 | $ | 212 | $ | 240 | $ | 265 | $ | 232 | $ | 212 | |||||||||
Ratio of earnings to fixed charges | 7.0 | 3.7 | 4.7 | 2.3 | 4.2 | 3.7 | 5.4 | ||||||||||||||||
Aon Corporation and Consolidated Subsidiaries Combined With Unconsolidated Subsidiaries Computation of Ratio of Earnings to Fixed Charges