Exhibit 12.1

STATEMENTS RE COMPUTATION OF RATIOS

The following table sets forth our ratio of earnings to fixed charges for each of the periods indicated.

	Years Ended December 31
(in millions except for ratio amounts)	2009		2008			2007		2006		2005
Income before income tax and noncontrolling interest	$	540	$	(562	)	$	1,222	$	1,650	$	162
Less:
Income (loss) from equity investees		315		(379	)		183		288		254
Add:
Fixed charges		150		157			166		165		195
Distributions from equity investees		92		67			84		118		199
Income as adjusted	$	467	$	41		$	1,289	$	1,645	$	302
Fixed charges:
Interest expensed	$	128	$	134		$	140	$	131	$	124
Portion of rents representative of the interest factor		17		17			17		17		24
Interest credited to policyholders		5		6			9		17		47
Fixed charges	$	150	$	157		$	166	$	165	$	195
Ratio of consolidated earnings to fixed charges		3.1		(a	)		7.8		10.0		1.5

(a) For the year ended December 31, 2008, earnings were insufficient to cover fixed charges by $116 million.

The following table sets forth our ratio of earnings to fixed charges and preferred dividends for each of the periods indicated.

	Years Ended December 31
(in millions except for ratio amounts)	2009		2008			2007		2006		2005
Income before income tax and noncontrolling interest	$	540	$	(562	)	$	1,222	$	1,650	$	162
Less:
Income (loss) from equity investees		315		(379	)		183		288		254
Preferred stock dividends		187		29			—		70		108
Add:
Fixed charges		337		186			166		235		303
Distributions from equity investees		92		67			84		118		199
Income as adjusted	$	467	$	41		$	1,289	$	1,645	$	302
Fixed charges:
Interest expensed	$	128	$	134		$	140	$	131	$	124
Portion of rents representative of the interest factor		17		17			17		17		24
Preferred stock dividends		187		29			—		70		108
Interest credited to policyholders		5		6			9		17		47
Fixed charges	$	337	$	186		$	166	$	235	$	303
Ratio of consolidated earnings to fixed charges and preferred dividends		1.4		(a	)		7.8		7.0		(b	)

(a)	For the year ended December 31, 2008, earnings were insufficient to cover fixed charges by $145 million.
(b)	For the year ended December 31, 2005, earnings were insufficient to cover fixed charges by $1 million.