Exhibit 12.01
HARTFORD LIFE INSURANCE COMPANY AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS
TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(In millions)
| | | | | | | | | | | | | | | | | | | | |
| | Years Ended December 31, | |
| | 2011 | | | 2010 | | | 2009 | | | 2008 | | | 2007 | |
EARNINGS: | | | | | | | | | | | | | | | | | | | | |
Income (loss) from continuing operations before income taxes | | $ | (29 | ) | | $ | 863 | | | $ | (3,125 | ) | | $ | (5,820 | ) | | $ | 1,147 | |
Add: Total fixed charges, before interest credited to contractholders | | | — | | | | — | | | | — | | | | — | | | | 2 | |
| | | | | | | | | | | | | | | | | | | | |
Total earnings, before interest credited to contractholders | | | (29 | ) | | | 863 | | | | (3,125 | ) | | | (5,820 | ) | | | 1,149 | |
Interest credited to contractholders [1] | | | 1,540 | | | | 1,850 | | | | 2,005 | | | | 1,554 | | | | 1,840 | |
| | | | | | | | | | | | | | | | | | | | |
Total earnings | | $ | 1,511 | | | $ | 2,713 | | | $ | (1,120 | ) | | $ | (4,266 | ) | | $ | 2,989 | |
| | | | | | | | | | | | | | | | | | | | |
FIXED CHARGES: | | | | | | | | | | | | | | | | | | | | |
Interest expense | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | |
Interest factor attributable to rentals and other | | | — | | | | — | | | | — | | | | — | | | | 2 | |
| | | | | | | | | | | | | | | | | | | | |
Total fixed charges, before interest credited to contractholders | | | — | | | | — | | | | — | | | | — | | | | 2 | |
Interest credited to contractholders [1] | | | 1,540 | | | | 1,850 | | | | 2,005 | | | | 1,554 | | | | 1,840 | |
| | | | | | | | | | | | | | | | | | | | |
Total fixed charges | | $ | 1,540 | | | $ | 1,850 | | | $ | 2,005 | | | $ | 1,554 | | | $ | 1,842 | |
| | | | | | | | | | | | | | | | | | | | |
RATIOS: | | | | | | | | | | | | | | | | | | | | |
Total earnings to total fixed charges [2] | | | NM | | | | 1.5 | | | | NM | | | | NM | | | | 1.6 | |
Deficiency of total earnings to total fixed charges [3] | | $ | 29 | | | | — | | | $ | 3,125 | | | $ | 5,820 | | | | — | |
Ratios before interest credited to contractholders [4] | | | | | | | | | | | | | | | | | | | | |
Total earnings to total fixed charges [2] | | | NM | | | | NM | | | | NM | | | | NM | | | | 574.5 | |
[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. |