EX-12.1 2 a2202065zex-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)
   2010   2009   2008   2007   2006  

Income from continuing operations before income taxes and noncontrolling interests

   $ 1,059   $ 949   $ 879   $ 1,023   $ 738  

Less: Equity in earnings on less than 50% owned entities

    
10		    
11		    
5		    
6		    
5		  

Add back fixed charges:

                                
 

Interest on indebtedness

    
182		    
122		    
126		    
138		    
129		  
 

Interest on uncertain tax positions

    
(1
)		  
2		    
—		    
2		    
—		  
 

Portion of rents representative of interest factor

    
48		    
48		    
47		    
75		    
79		  
                       
   

Income as adjusted

  
$
1,278		  
$
1,110		  
$
1,047		  
$
1,232		  
$
941		  
                       

Fixed charges:

                                
 

Interest on indebtedness

  
$
182		  
$
122		  
$
126		  
$
138		  
$
129		  
 

Interest on uncertain tax positions

    
(1
)		  
2		    
—		    
2		    
—		  
 

Portion of rents representative of interest factor

    
48		    
48		    
47		    
75		    
79		  
                       
   

Total fixed charges

  
$
229		  
$
172		  
$
173		  
$
215		  
$
208		  
                       

Ratio of earnings to fixed charges

    
5.6		    
6.5		    
6.1		    
5.7		    
4.5		  
                       



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