Exhibit 12(a) Aon Corporation and Consolidated Subsidiaries Combined With Unconsolidated Subsidiaries Computation of Ratio of Earnings to Fixed Charges Nine Months Ended September 30, Years Ended December 31, -------------- -------------------------------------- (millions except ratios) 1998 1997 1997 1996 1995 1994 1993 ------- ------ ------ ------ ------ ------ ------- Income from continuing operations before provision for income taxes (1) $692.3 $344.9 $541.6 $445.6 $458.0 397.0 $331.6 Add back fixed charges: Interest on indebtedness 63.5 49.3 69.5 44.7 55.5 46.4 42.3 Interest on ESOP 2.0 2.8 3.5 4.3 5.3 5.9 6.5 Portion of rents representative of interest factor 33.2 44.2 44.3 28.6 21.4 28.7 26.1 ------- ------- ------- ------- ------- ------- ------- Income as adjusted $791.0 $441.2 $658.9 $523.2 $540.2 $478.0 $406.5 ======= ======= ======= ======= ======= ======= ======= Fixed charges: Interest on indebtedness $ 63.5 $ 49.3 $ 69.5 $ 44.7 $ 55.5 $ 46.4 $ 42.3 Interest on ESOP 2.0 2.8 3.5 4.3 5.3 5.9 6.5 Portion of rents representative of interest factor 33.2 44.2 44.3 28.6 21.4 28.7 26.1 ------- ------ ------ ------- ------- ------- ------- Total fixed charges $ 98.7 $ 96.3 $117.3 $ 77.6 $ 82.2 $ 81.0 $ 74.9 ======= ====== ====== ======= ======= ======= ======= Ratio of earnings to fixed charges 8.0 4.6 5.6 6.7 6.6 5.9 5.4 ======= ====== ====== ======= ======= ======= ======= Ratio of earnings to fixed charges (2) 6.4 7.1 7.9 ====== ====== ======= <FN> (1) Income from continuing operations before provision for income taxes and minority interest includes special charges of $172 million for the nine months ended September 30, 1997 and the year ended December 31, 1997, and $90.5 million for the year ended December 31, 1996. (2) The calculation of this ratio of earnings to fixed charges reflects the exclusion of special charges from the income from continuing operations before provision for income taxes component for nine months ended September 30, 1997 and for the years ended December 31, 1997 and 1996, respectively. </FN>