EX-12.1 4 a2190823zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ration of Earnings to Fixed Charges

 
   Years Ended December 31,  
(millions except ratios)
   2008   2007   2006   2005   2004  

Income from continuing operations before provision for income taxes

   $ 863   $ 1,012   $ 728   $ 555   $ 509  

Less: Earnings from unconsolidated entities under the equity method of accounting

    
5		    
6		    
5		    
7		    
3		  

Add back fixed charges:

                                
 

Interest on indebtedness

    
126		    
138		    
129		    
125		    
136		  
 

Interest on FIN 48 liabilities

    
—		    
(2
)		  
—		    
—		    
—		  
 

Portion of rents representative of interest factor

    
47		    
75		    
79		    
71		    
73		  
                       
   

Income as adjusted

  
$
1,031		  
$
1,217		  
$
931		  
$
744		  
$
715		  
                       

Fixed Charges:

                                
 

Interest on indebtedness

  
$
126		  
$
138		  
$
129		  
$
125		  
$
136		  
 

Portion of rents representative of interest factor

    
47		    
75		    
79		    
71		    
73		  
                       
   

Total fixed charges

  
$
173		  
$
213		  
$
208		  
$
196		  
$
209		  
                       

Ratio of earnings to fixed charges

    
6.0		    
5.7		    
4.5		    
3.8		    
3.4		  
                       



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Aon Corporation and Consolidated Subsidiaries Combined With Unconsolidated Subsidiaries Computation of Ration of Earnings to Fixed Charges