EXHIBIT 12(b)
Aon CORPORATION AND CONSOLIDATED SUBSIDIARIES
COMBINED WITH UNCONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
Six Months
Ended June 30, Years Ended December 31,
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(millions except ratios) 1995 1994 1994 1993 1992(1) 1991 1990
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Income from continuing operations
before provision for income taxes $ 318.1 $ 279.7 $ 537.6 $ 479.1 $ 290.5 $ 331.5 $ 325.2
Add back fixed charges:
Interest on indebtedness 27.0 22.1 46.4 42.3 41.9 40.7 44.4
Interest on ESOP 2.7 3.0 5.9 6.5 6.9 7.2 7.4
Portion of rents representative of
interest factor 12.0 15.8 28.7 26.1 19.2 15.4 13.2
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INCOME AS ADJUSTED $ 359.8 $ 320.6 $ 618.6 $ 554.0 $ 358.5 $ 394.8 $ 390.2
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FIXED CHARGES AND PREFERRED STOCK DIVIDENDS:
Interest on indebtedness:
Aon Corporation and
consolidated subsidiaries $ 27.0 $ 22.1 $ 46.4 $ 42.3 $ 41.9 $ 40.7 $ 43.9
Unconsolidated subsidiaries - - - - - - 0.5
Preferred stock dividends 20.6 24.7 48.4 47.5 20.3 3.5 2.0
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INTEREST AND DIVIDENDS 47.6 46.8 94.8 89.8 62.2 44.2 46.4
Interest on ESOP 2.7 3.0 5.9 6.5 6.9 7.2 7.4
Portion of rents representative of
interest factor 12.0 15.8 28.7 26.1 19.2 15.4 13.2
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TOTAL FIXED CHARGES AND PREFERRED
STOCK DIVIDENDS $ 62.3 $ 65.6 $ 129.4 $ 122.4 $ 88.3 $ 66.8 $ 67.0
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RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED STOCK DIVIDENDS 5.8 4.9 4.8 4.5 4.1 5.9 5.8
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(1) Income from continuing operations before provision for income taxes
excludes the cumulative effect of changes in accounting principles.
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