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Exhibit 12.2
Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
| Years Ended December 31, | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
(millions except ratio) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests | $ | 949 | $ | 879 | $ | 1,023 | $ | 738 | $ | 567 | |||||||||
Less: Earnings from unconsolidated entities under the equity method of accounting | 11 | 5 | 6 | 5 | 7 | ||||||||||||||
Add back fixed charges: | |||||||||||||||||||
Interest on indebtedness | 122 | 126 | 138 | 129 | 125 | ||||||||||||||
Interest on uncertain tax positions | 2 | — | 2 | — | — | ||||||||||||||
Portion of rents representative of interest factor | 48 | 47 | 75 | 79 | 71 | ||||||||||||||
Income as adjusted | $ | 1,110 | $ | 1,047 | $ | 1,232 | $ | 941 | $ | 756 | |||||||||
Fixed charges and preferred stock dividends: | |||||||||||||||||||
Interest on indebtedness | $ | 122 | $ | 126 | $ | 138 | $ | 129 | $ | 125 | |||||||||
Interest on uncertain tax positions | 2 | — | 2 | — | — | ||||||||||||||
Preferred stock dividends | — | — | — | — | 3 | ||||||||||||||
Interest and dividends | 124 | 126 | 140 | 129 | 128 | ||||||||||||||
Portion of rents representative of interest factor | 48 | 47 | 75 | 79 | 71 | ||||||||||||||
Total fixed charges and preferred stock dividends | $ | 172 | $ | 173 | $ | 215 | $ | 208 | $ | 199 | |||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 6.5 | 6.1 | 5.7 | 4.5 | 3.8 | ||||||||||||||
Aon Corporation and Consolidated Subsidiaries Combined With Unconsolidated Subsidiaries Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends