Marsh & McLennan Companies (MMC) 10-Q2010 Q2 Quarterly report

Filed: 6 Aug 10, 12:00am

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Removed: background, Codification, constituted, ERISA, fully, immaterial, impacted, imprudent, liable, manage, March, monitor, nominal, reached, recoverable, response, retrospectively, scheduled, Southern, subsequent, support, view

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Exhibit 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(In millions, except ratios)


	Six Months Ended June 30, 2010 (Unaudited)		Years Ended December 31,




			2009		2008		2007		2006		2005
Earnings

Income before income taxes	$	288	$	552	$	494	$	766	$	806	$	206

Interest expense		120		241		220		266		302		332

Portion of rents representative of the interest factor		72		132		145		162		162		141


	$	480	$	925	$	859	$	1,194	$	1,270	$	679


Fixed Charges

Interest expense	$	120	$	241	$	220	$	266	$	302	$	332

Portion of rents representative of the interest factor		72		132		145		162		162		141


	$	192	$	373	$	365	$	428	$	464	$	473


Ratio of Earnings to Fixed Charges		2.5		2.5		2.4		2.8		2.7		1.4

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