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)
|
| | | | | | | | | | | | | | | |
| Six Months Ended June 30 | Years Ended December 31, |
| 2013 | 2012 | 2011 | 2010 | 2009 |
EARNINGS: | | | | | |
Income (loss) from continuing operations before income taxes | $ | 471 |
| $ | 531 |
| $ | (137 | ) | $ | 712 |
| $ | (3,130 | ) |
Add: Total fixed charges, before interest credited to contractholders | — |
| — |
| — |
| — |
| — |
|
Total earnings, before interest credited to contractholders | 471 |
| 531 |
| (137 | ) | 712 |
| (3,130 | ) |
Interest credited to contractholders [1] | 524 |
| 1,475 |
| 1,501 |
| 1,562 |
| 1,562 |
|
Total earnings | $ | 995 |
| $ | 2,006 |
| $ | 1,364 |
| $ | 2,274 |
| $ | (1,568 | ) |
| | | | | |
FIXED CHARGES: | | | | | |
Interest expense | $ | — |
| $ | — |
| $ | — |
| $ | — |
| $ | — |
|
Interest factor attributable to rentals and other | — |
| — |
| — |
| — |
| — |
|
Total fixed charges, before interest credited to contractholders | — |
| — |
| — |
| — |
| — |
|
Interest credited to contractholders [1] | 524 |
| 1,475 |
| 1,501 |
| 1,562 |
| 1,562 |
|
Total fixed charges | $ | 524 |
| $ | 1,475 |
| $ | 1,501 |
| $ | 1,562 |
| $ | 1,562 |
|
RATIOS: | | | | | |
Total earnings to total fixed charges [2] | 1.9 |
| 1.4 |
| NM |
| 1.5 |
| NM |
|
| | | | | |
Deficiency of total earnings to total fixed charges [3] | $ | — |
| $ | — |
| $ | 137 |
| $ | — |
| $ | 4,692 |
|
| | | | | |
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.