EX-12 2 0002.txt Exhibit 12 AMERICAN GENERAL CORPORATION Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends (Unaudited) ($ in millions) Six Months Ended June 30, 2000 1999 Consolidated operations: Income before income tax expense and net dividends on preferred securities of subsidiaries ..........$ 642 $ 961 Fixed charges deducted from income Interest expense ................................. 443 371 Implicit interest in rents ....................... 12 12 Total fixed charges deducted from income ....... 455 383 Earnings available for fixed charges..........$1,097 $1,344 Fixed charges per above ............................$ 455 $ 383 Dividends on preferred stock and securities ........ 79 73 Combined fixed charges and preferred stock dividends ................................$ 534 $ 456 Ratio of earnings to fixed charges .......... 2.41 3.51 Ratio of earnings to combined fixed charges and preferred stock dividends ........... 2.05 2.95 Consolidated operations, corporate fixed charges and preferred stock dividends only: Income before income tax expense and net dividends on preferred securities of subsidiaries ........$ 642 $ 961 Corporate fixed charges deducted from income - corporate interest expense ..................... 124 111 Earnings available for fixed charges .........$ 766 $1,072 Corporate fixed charges per above ................$ 124 $ 111 Dividends on preferred stock and securities ...... 79 73 Combined corporate fixed charges and preferred stock dividends ....................$ 203 $ 184 Ratio of earnings to corporate fixed charges ................................. 6.17 9.66 Ratio of earnings to combined corporate fixed charges and preferred stock dividends ......................... 3.77 5.82 Exhibit 12 (continued) AMERICAN GENERAL CORPORATION Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends (Unaudited) ($ in millions) Six Months Ended June 30, 2000 1999 American General Finance, Inc.: Income before income tax expense ................... $ 137 $ 166 Fixed charges deducted from income Interest expense ................................. 333 276 Implicit interest in rents ....................... 8 7 Total fixed charges deducted from income ....... 341 283 Earnings available for fixed charges ......... $ 478 $ 449 Ratio of earnings to fixed charges ....... 1.40 1.59