EX-12.1 4 aiz-20180630exh121.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1
ASSURANT, INC.
COMPUTATIONS OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES AND RATIO OF CONSOLIDATED EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(in millions of U.S. dollars except for ratio amounts)

 
June 30,
2018
 
2017
 
2016
 
2015
 
2014
 
2013
Income before income taxes
$
214.8

 
$
444.5

 
$
848.6

 
$
201.2

 
$
744.1

 
$
789.7

Fixed charges
51.8

 
57.4

 
66.5

 
65.7

 
68.5

 
86.8

Income as adjusted
$
266.6

 
$
501.9

 
$
915.1

 
$
266.9

 
$
812.6

 
$
876.5

Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense, including discount amortization
$
47.5

 
$
49.5

 
$
57.6

 
$
55.1

 
$
58.4

 
$
77.7

Portion of rents representative of an appropriate interest factor
4.3

 
7.9

 
8.9

 
10.6

 
10.1

 
9.1

Total fixed charges
51.8

 
57.4

 
66.5

 
65.7

 
68.5

 
86.8

Preferred stock dividends (1)
6.1

 
—

 
—

 
—

 
—

 
—

Total fixed charges and preferred stock dividends
$
57.9

 
$
57.4

 
$
66.5

 
$
65.7

 
$
68.5

 
$
86.8

Ratio of consolidated earnings to fixed charges
5.15

 
8.74

 
13.76

 
4.06

 
11.86

 
10.10

Ratio of consolidated earnings to fixed charges and preferred stock dividends
4.60

 
8.74

 
13.76

 
4.06

 
11.86

 
10.10


(1)
The preferred stock dividends amount represents pre-tax earnings required to cover dividends on preferred stock.