EX-12.1 2 a121computationofratioearn.htm EXHIBIT 12.1 Computation of Ratio Earnings to Fixed Charges Q2 2013


Exhibit 12.1
Aon plc and Consolidated Subsidiaries
Combined With Unconsolidated Subsidiaries
Computation of Ratio of Earnings to Fixed Charges

 
 
Six months ended
June 30,
 
Years Ended December 31,
(millions except ratio)
 
2013
 
2012
 
2012
 
2011
 
2010
 
2009
 
2008
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and noncontrolling interests
 
$
710

 
$
697

 
$
1,381

 
$
1,384

 
$
1,059

 
$
949

 
$
879

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less: Equity in earnings on less than 50% owned entities
 
6

 
8

 
13

 
7

 
10

 
11

 
5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Add back fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
100

 
116

 
228

 
245

 
182

 
122

 
126

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on uncertain tax positions
 
(1
)
 
2

 
5

 
—

 
(1
)
 
2

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Portion of rents representative of interest factor
 
23

 
19

 
42

 
55

 
48

 
48

 
47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
          Income as adjusted
 
$
826

 
$
826

 
$
1,643

 
$
1,677

 
$
1,278

 
$
1,110

 
$
1,047

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on indebtedness
 
$
100

 
$
116

 
$
228

 
$
245

 
$
182

 
$
122

 
$
126

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Interest on uncertain tax positions
 
(1
)
 
2

 
5

 
—

 
(1
)
 
2

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
     Portion of rents representative of interest factor
 
23

 
19

 
42

 
55

 
48

 
48

 
47

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
          Total fixed charges
 
$
122

 
$
137

 
$
275

 
$
300

 
$
229

 
$
172

 
$
173

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
6.8

 
6.0

 
6.0

 
5.6


5.6

 
6.5

 
6.1