EX-12.1 2 aiz-20150930exh121.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
ASSURANT, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(in millions of U.S. dollars except for ratio amounts)
 
 
September 30,
2015
 
2014
 
2013
 
2012
 
2011
 
2010
Income before income taxes
$
91.0

 
$
744.1

 
$
789.7

 
$
757.8

 
$
706.2

 
$
606.5

Fixed charges
49.2

 
68.5

 
86.8

 
70.2

 
70.2

 
73.8

Income as adjusted
$
140.2

 
$
812.6

 
$
876.5

 
$
828.0

 
$
776.4

 
$
680.3

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
   Interest expense, including discount
      amortization and preferred stock dividends (1)
$
41.3

 
$
58.4

 
$
77.7

 
$
60.3

 
$
60.4

 
$
60.6

   Portion of rents representative of an appropriate
      interest factor
7.9

 
10.1

 
9.1

 
9.9

 
9.8

 
13.2

Total fixed charges
$
49.2

 
$
68.5

 
$
86.8

 
$
70.2

 
$
70.2

 
$
73.8

Ratio of consolidated earnings to fixed
  charges
2.85

 
11.86

 
10.10

 
11.79

 
11.06

 
9.22

_____________________________ 
(1)
Preferred stock issued is recorded as a liability, thus the corresponding dividend is recorded as interest expense.