EX-12.1 5 a2196344zex-12_1.htm EX-12.1
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Exhibit 12.1


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

 
   Years Ended December 31,  
(millions except ratio)
   2009   2008   2007   2006   2005  

Income from continuing operations before income taxes and noncontrolling interests

   $ 949   $ 879   $ 1,023   $ 738   $ 567  

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

    
11		    
5		    
6		    
5		    
7		  

Add back fixed charges:

                                
 

Interest on indebtedness

    
122		    
126		    
138		    
129		    
125		  
 

Interest on uncertain tax positions

    
2		    
—		    
2		    
—		    
—		  
 

Portion of rents representative of interest factor

    
48		    
47		    
75		    
79		    
71		  
                       
   

Income as adjusted

  
$
1,110		  
$
1,047		  
$
1,232		  
$
941		  
$
756		  
                       

Fixed charges:

                                
 

Interest on indebtedness

  
$
122		  
$
126		  
$
138		  
$
129		  
$
125		  
 

Interest on uncertain tax positions

    
2		    
—		    
2		    
—		    
—		  
 

Portion of rents representative of interest factor

    
48		    
47		    
75		    
79		    
71		  
                       
   

Total fixed charges

  
$
172		  
$
173		  
$
215		  
$
208		  
$
196		  
                       

Ratio of earnings to fixed charges

    
6.5		    
6.1		    
5.7		    
4.5		    
3.9		  
                       



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