EX-12.2 6 a2196344zex-12_2.htm EX-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 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 and preferred stock dividends:

                               
 

Interest on indebtedness

 
$

122
 
$

126
 
$

138
 
$

129
 
$

125
 
 

Interest on uncertain tax positions

   
2
   
   
2
   
   
 
 

Preferred stock dividends

   
   
   
   
   
3
 
                       
     

Interest and dividends

   
124
   
126
   
140
   
129
   
128
 
 

Portion of rents representative of interest factor

   
48
   
47
   
75
   
79
   
71
 
                       
     

Total fixed charges and preferred stock dividends

 
$

172
 
$

173
 
$

215
 
$

208
 
$

199
 
                       

Ratio of earnings to combined fixed charges and preferred stock dividends

   
6.5
   
6.1
   
5.7
   
4.5
   
3.8
 
                       



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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