Exhibit 12.1
Aon plc and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||||||||
(millions except ratio) | 2013 | 2012 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||||
Income from continuing operations before income taxes and noncontrolling interests | $ | 1,063 | $ | 971 | $ | 1,381 | $ | 1,384 | $ | 1,059 | $ | 949 | $ | 879 | ||||||||||||||
Less: Equity in earnings on less than 50% owned entities | 12 | 8 | 13 | 7 | 10 | 11 | 5 | |||||||||||||||||||||
Add back fixed charges: | ||||||||||||||||||||||||||||
Interest on indebtedness | 153 | 173 | 228 | 245 | 182 | 122 | 126 | |||||||||||||||||||||
Interest on uncertain tax positions | — | 3 | 5 | — | (1 | ) | 2 | — | ||||||||||||||||||||
Portion of rents representative of interest factor | 36 | 27 | 42 | 55 | 48 | 48 | 47 | |||||||||||||||||||||
Income as adjusted | $ | 1,240 | $ | 1,166 | $ | 1,643 | $ | 1,677 | $ | 1,278 | $ | 1,110 | $ | 1,047 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Interest on indebtedness | $ | 153 | $ | 173 | $ | 228 | $ | 245 | $ | 182 | $ | 122 | $ | 126 | ||||||||||||||
Interest on uncertain tax positions | — | 3 | 5 | — | (1 | ) | 2 | — | ||||||||||||||||||||
Portion of rents representative of interest factor | 36 | 27 | 42 | 55 | 48 | 48 | 47 | |||||||||||||||||||||
Total fixed charges | $ | 189 | $ | 203 | $ | 275 | $ | 300 | $ | 229 | $ | 172 | $ | 173 | ||||||||||||||
Ratio of earnings to fixed charges | 6.6 | 5.7 | 6.0 | 5.6 | 5.6 | 6.5 | 6.1 |