EX-12 2 x12c0605.htm AGFC EXHIBIT 12 FOR PERIOD ENDED 6/30/05 SECURITIES AND EXCHANGE COMMISSION

Exhibit 12



AMERICAN GENERAL FINANCE CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)




 

Three Months Ended

 

Six Months Ended

 

June 30,

 

June 30,

 

2005

2004

 

2005

2004

 

(dollars in thousands)


Earnings:

Income before provision for income taxes



$206,998 



$164,706

 



$394,237 



$324,626

Interest expense

212,377 

144,797

 

405,206 

280,353

Implicit interest in rents

4,537 

4,532

 

9,125 

9,249


Total earnings


$423,912 


$314,035

 


$808,568 


$614,228



Fixed charges:

Interest expense




$212,377 




$144,797

 




$405,206 




$280,353

Implicit interest in rents

4,537 

4,532

 

9,125 

9,249


Total fixed charges


$216,914 


$149,329

 


$414,331 


$289,602



Ratio of earnings to fixed charges



1.95 



2.10

 



1.95 



2.12



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