EX-12 2 afg-2016630xex12.htm EXHIBIT 12 Exhibit


Exhibit 12
AMERCIAN FINANCIAL GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
 
 
 
Six months ended June 30, 2016
 
Year ended December 31, 2015
Earnings before income taxes
 
$
292

 
$
565

Undistributed equity in earnings of investees
 
(9
)
 
(18
)
Fixed charges:
 
 
 
 
Interest on annuities
 
451

 
732

Interest expense
 
36

 
74

Debt discount, expense and other fixed charges
 
1

 
1

Portion of rentals representing interest
 
12

 
23

EARNINGS
 
$
783

 
$
1,377

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest on annuities
 
$
451

 
$
732

Interest expense
 
36

 
74

Debt discount, expense and other fixed charges
 
1

 
1

Portion of rentals representing interest
 
12

 
23

FIXED CHARGES
 
$
500

 
$
830

 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
1.57

 
1.66

 
 
 
 
 
Earnings in Excess of Fixed Charges
 
$
283

 
$
547




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