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Exhibit 12(a)
Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
| Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2003 | 2002 | 2002 | 2001 | 2000 | 1999 | 1998 | ||||||||||||||||
| (millions except ratios) | ||||||||||||||||||||||
Income from continuing operations before provision for income taxes and minority interest | $ | 754 | $ | 524 | $ | 824 | $ | 368 | $ | 850 | $ | 625 | $ | 922 | |||||||||
Add back fixed charges: | |||||||||||||||||||||||
Interest on indebtedness | 79 | 91 | 124 | 127 | 140 | 105 | 87 | ||||||||||||||||
Interest credited on deposit-type insurance contracts | 3 | 27 | 29 | 56 | 71 | 77 | 72 | ||||||||||||||||
Interest on ESOP | — | — | — | — | — | 1 | 2 | ||||||||||||||||
Portion of rents representative of interest factor | 41 | 38 | 59 | 57 | 54 | 49 | 51 | ||||||||||||||||
Income as adjusted | $ | 877 | $ | 680 | $ | 1,036 | $ | 608 | $ | 1,115 | $ | 857 | $ | 1,134 | |||||||||
Fixed charges: | |||||||||||||||||||||||
Interest on indebtedness | $ | 79 | $ | 91 | $ | 124 | $ | 127 | $ | 140 | $ | 105 | $ | 87 | |||||||||
Interest credited on deposit-type insurance contracts | 3 | 27 | 29 | 56 | 71 | 77 | 72 | ||||||||||||||||
Interest on ESOP | — | — | — | — | — | 1 | 2 | ||||||||||||||||
Portion of rents representative of interest factor | 41 | 38 | 59 | 57 | 54 | 49 | 51 | ||||||||||||||||
Total fixed charges | $ | 123 | $ | 156 | $ | 212 | $ | 240 | $ | 265 | $ | 232 | $ | 212 | |||||||||
Ratio of earnings to fixed charges | 7.1 | 4.4 | 4.9 | 2.5 | 4.2 | 3.7 | 5.3 | ||||||||||||||||
Aon Corporation and Consolidated Subsidiaries Combined With Unconsolidated Subsidiaries Computation of Ratio of Earnings to Fixed Charges