EX-12 2 afg-2018331xex12.htm EXHIBIT 12 Exhibit


Exhibit 12
AMERICAN FINANCIAL GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
 
 
 
Three months ended March 31, 2018
 
Year ended December 31, 2017
Earnings before income taxes
 
$
174

 
$
724

Undistributed equity in earnings of investees
 
(23
)
 
(4
)
Fixed charges:
 
 
 
 
Interest on annuities
 
182

 
892

Interest expense
 
15

 
84

Debt discount, expense and other fixed charges
 
—

 
1

Portion of rentals representing interest
 
6

 
23

EARNINGS
 
$
354

 
$
1,720

 
 
 
 
 
Fixed charges:
 
 
 
 
Interest on annuities
 
$
182

 
$
892

Interest expense
 
15

 
84

Debt discount, expense and other fixed charges
 
—

 
1

Portion of rentals representing interest
 
6

 
23

FIXED CHARGES
 
$
203

 
$
1,000

 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
1.74

 
1.72

 
 
 
 
 
Earnings in Excess of Fixed Charges
 
$
151

 
$
720




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