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COMPUTATION OF CONSOLIDATED EARNINGS RATIOS
(Dollars in thousands)
| | Three Months Ended March 31 2006 | Year Ended December 31 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||||
| Computation of Ratio of Consolidated Earnings to Fixed Charges | ||||||||||||||||||
Income from Continuing Operations before Income Tax | $ | 110,657 | $ | 377,013 | $ | 385,201 | $ | 325,412 | $ | 265,043 | $ | 209,596 | ||||||
Add Interest Expense | 16,081 | 58,636 | 52,416 | 46,317 | 44,325 | 42,187 | ||||||||||||
Add Interest Credited on Investment Products | 189,714 | 726,301 | 649,216 | 647,695 | 900,930 | 944,098 | ||||||||||||
Earnings before Interest, Interest Credited on Investment Products and Taxes | $ | 316,452 | $ | 1,161,950 | $ | 1,086,833 | $ | 1,019,424 | $ | 1,210,298 | $ | 1,195,881 | ||||||
Earnings before Interest, Interest Credited on Investment Products and Taxes Divided by Interest expense and Interest Credited on Investment Products | 1.5 | 1.5 | 1.5 | 1.5 | 1.3 | 1.2 | ||||||||||||
Computation of Ratio of Consolidated Earnings to Fixed Charges Before Interest Credited on Investment Products | ||||||||||||||||||
Income from Continuing Operations before Income Tax | $ | 110,657 | $ | 377,013 | $ | 385,201 | $ | 325,412 | $ | 265,043 | $ | 209,596 | ||||||
Add Interest Expense | 16,081 | 58,636 | 52,416 | 46,317 | 44,325 | 42,187 | ||||||||||||
Earnings before Interest and Taxes | $ | 126,738 | $ | 435,649 | $ | 437,617 | $ | 361,729 | $ | 309,368 | $ | 251,783 | ||||||
Earnings before Interest and Taxes Divided by Interest Expense | 7.9 | 7.4 | 8.3 | 8.0 | 7.0 | 6.0 | ||||||||||||
COMPUTATION OF CONSOLIDATED EARNINGS RATIOS (Dollars in thousands)