EX-12.2 5 a2190823zex-12_2.htm EXHIBIT 12.2
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Exhibit 12.2


Aon Corporation and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends

 
  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 and preferred stock dividends:

                               
 

Interest on indebtedness

  $ 126   $ 138   $ 129   $ 125   $ 136  
 

Preferred stock dividends

                3     3  
                       
   

Interest and dividends

    126     138     129     128     139  
 

Portion of rents representative of interest factor

    47     75     79     71     73  
                       
   

Total fixed charges and preferred stock dividends

  $ 173   $ 213   $ 208   $ 199   $ 212  
                       

Ratio of earnings to combined fixed charges and preferred stock dividends

    6.0     5.7     4.5     3.7     3.4  
                       



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Aon Corporation and Consolidated Subsidiaries Combined With Unconsolidated Subsidiaries Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends