Exhibit 12.01
HARTFORD LIFE INSURANCE COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS
TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(In millions)
Years Ended December 31, | |||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||
EARNINGS: | |||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 620 | $ | (179 | ) | $ | 720 | $ | (3,181 | ) | $ | (5,884 | ) | ||
Add: Total fixed charges, before interest credited to contractholders | — | — | — | — | — | ||||||||||
Total earnings, before interest credited to contractholders | 620 | (179 | ) | 720 | (3,181 | ) | (5,884 | ) | |||||||
Interest credited to contractholders [1] | 1,728 | 1,540 | 1,851 | 1,939 | 1,580 | ||||||||||
Total earnings | $ | 2,348 | $ | 1,361 | $ | 2,571 | $ | (1,242 | ) | $ | (4,304 | ) | |||
FIXED CHARGES: | |||||||||||||||
Interest expense | $ | — | $ | — | $ | — | $ | — | $ | — | |||||
Interest factor attributable to rentals and other | — | — | — | — | — | ||||||||||
Total fixed charges, before interest credited to contractholders | — | — | — | — | — | ||||||||||
Interest credited to contractholders [1] | 1,728 | 1,540 | 1,851 | 1,939 | 1,580 | ||||||||||
Total fixed charges | $ | 1,728 | $ | 1,540 | $ | 1,851 | $ | 1,939 | $ | 1,580 | |||||
RATIOS: | |||||||||||||||
Total earnings to total fixed charges [2] | 1.4 | NM | 1.4 | NM | NM | ||||||||||
Deficiency of total earnings to total fixed charges [3] | $ | — | $ | 179 | $ | — | $ | 5,120 | $ | 7,468 | |||||
Ratio before interest credited to contractholders | |||||||||||||||
Total earnings to total fixed charges [2] [4] | NM | NM | NM | NM | NM |
[1] Interest credited to contractholders includes interest credited on general account assets and interest credited on consumer notes.
[2] Ratios of less than one-to-one are presented as “NM” or not meaningful.
[3] Represents additional earnings that would be necessary to result in a one-to-one ratio.
[4] This secondary ratio is disclosed for the convenience of policyholders invested in the Company's general account and Consumer Note holders.