EX-12.2 3 c54160exv12w2.htm EX-12.2 exv12w2
Exhibit 12.2
CONSECO, INC.
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
                 
    Nine months        
    ended     Year ended  
    September 30,     December 31,  
    2009     2008  
Pretax income (loss) from operations:
                
Net income (loss)
   $ 67.5     $ (1,132.3 )
Add income tax expense
     88.4       413.3  
Add discontinued operations
     —       722.7  
 
            
 
                
Pretax income
     155.9       3.7  
 
            
 
                
Add fixed charges:
                
Interest expense on corporate debt
     61.6       67.9  
Interest expense on investment borrowings
     26.2       38.6  
Interest added to policyholder account balances
     248.9       330.5  
Portion of rental (a)
     9.3       13.4  
 
            
 
                
Fixed charges
     346.0       450.4  
 
            
 
                
Adjusted earnings
   $ 501.9     $ 454.1  
 
            
 
                
Ratio of earnings to fixed charges
     1.45 X     1.01 X
 
            
 
(a)   Interest portion of rental is estimated to be 33 percent.