EXHIBIT 12.01 ITT HARTFORD GROUP, INC. AND SUBSIDIARIES CALCULATION OF RATIOS OF EARNINGS TO TOTAL FIXED CHARGES June June ($ in millions) 1996 1995 1995 1994 1993 1992 1991 ---- ---- ---- ---- ---- ---- ---- Earnings: - --------- Operating income (loss) $ 293 $ 323 $ 742 $ 852 $ 687 $ (501) $ 528 Add: - ---- Fixed Charges: Interest expense 71 47 101 76 57 64 56 Interest factor attributable to rentals (a) 18 23 49 48 46 48 50 ------ ------ ------ ------ ------ ------ ------ Total fixed charges 89 70 150 124 103 112 106 ------ ------ ------ ------ ------ ------ ------ Earnings, as defined $ 382 $ 393 $ 892 $ 976 $ 790 $ (389) $ 634 ====== ====== ====== ====== ====== ====== ====== Fixed Charges: - -------------- Fixed charges above $ 89 $ 70 $ 150 $ 124 $ 103 $ 112 $ 106 Dividends on subsidiary preferred stock - 3 4 8 14 12 20 Interest capitalized - - - - - - 2 ------ ------ ------ ------ ------ ------ ------ Total fixed charges and preferred dividend requirements $ 89 $ 73 $ 154 $ 132 $ 117 $ 124 $ 128 ====== ====== ====== ====== ====== ====== ====== Ratios: - ------- Earnings, as defined, to total fixed charges and preferred dividend requirements 4.3 5.3 5.8 7.4 6.8 -3.1 5.0 ====== ====== ====== ====== ====== ====== ====== Note: ----- (a) The interest factor attributable to rentals was computed by calculating the estimated present value of all long-term rental commitments and applying the approximate weighted average interest rate inherent in the lease obligations and adding thereto the interest element assumed in short-term cancelable and contingent rentals excluded from the commitment data but included in rental expense.