EX-12 6 0006.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) Nine Months Ended September 30, 2000 1999 Consolidated operations: Income before income tax expense and net dividends on preferred securities of subsidiaries ..........$1,175 $1,449 Fixed charges deducted from income Interest expense ................................. 681 566 Implicit interest in rents ....................... 18 18 Total fixed charges deducted from income ....... 699 584 Earnings available for fixed charges..........$1,874 $2,033 Fixed charges per above ............................$ 699 $ 584 Dividends on preferred stock and securities ........ 120 111 Combined fixed charges and preferred stock dividends ................................$ 819 $ 695 Ratio of earnings to fixed charges .......... 2.68 3.48 Ratio of earnings to combined fixed charges and preferred stock dividends ........... 2.29 2.93 Consolidated operations, corporate fixed charges and preferred stock dividends only: Income before income tax expense and net dividends on preferred securities of subsidiaries ........$1,175 $1,449 Corporate fixed charges deducted from income - corporate interest expense ..................... 188 169 Earnings available for fixed charges .........$1,363 $1,618 Corporate fixed charges per above ................$ 188 $ 169 Dividends on preferred stock and securities ...... 120 111 Combined corporate fixed charges and preferred stock dividends ....................$ 308 $ 280 Ratio of earnings to corporate fixed charges ................................. 7.26 9.55 Ratio of earnings to combined corporate fixed charges and preferred stock dividends ......................... 4.43 5.78 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) Nine Months Ended September 30, 2000 1999 American General Finance, Inc.: Income before income tax expense .................... $ 233 $ 252 Fixed charges deducted from income Interest expense .................................. 514 420 Implicit interest in rents ........................ 12 11 Total fixed charges deducted from income......... 526 431 Earnings available for fixed charges .......... $ 759 $ 683 Ratio of earnings to fixed charges ........ 1.44 1.58 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) Quarter Ended September 30, 2000 1999 Consolidated operations: Income before income tax expense and net dividends on preferred securities of subsidiaries .......... $533 $488 Fixed charges deducted from income Interest expense ................................. 238 195 Implicit interest in rents ....................... 6 6 Total fixed charges deducted from income ....... 244 201 Earnings available for fixed charges.......... $777 $689 Fixed charges per above ............................ $244 $201 Dividends on preferred stock and securities ........ 41 38 Combined fixed charges and preferred stock dividends ................................ $285 $239 Ratio of earnings to fixed charges .......... 3.20 3.43 Ratio of earnings to combined fixed charges and preferred stock dividends ........... 2.74 2.89 Consolidated operations, corporate fixed charges and preferred stock dividends only: Income before income tax expense and net dividends on preferred securities of subsidiaries ........ $533 $488 Corporate fixed charges deducted from income - corporate interest expense ..................... 64 58 Earnings available for fixed charges ......... $597 $546 Corporate fixed charges per above ................ $ 64 $ 58 Dividends on preferred stock and securities ...... 41 38 Combined corporate fixed charges and preferred stock dividends .................... $105 $ 96 Ratio of earnings to corporate fixed charges ................................. 9.39 9.36 Ratio of earnings to combined corporate fixed charges and preferred stock dividends ......................... 5.73 5.69 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) Quarter Ended September 30, 2000 1999 American General Finance, Inc.: Income before income tax expense .................... $ 96 $ 86 Fixed charges deducted from income Interest expense .................................. 181 144 Implicit interest in rents ........................ 4 4 Total fixed charges deducted from income......... 185 148 Earnings available for fixed charges .......... $281 $234 Ratio of earnings to fixed charges ........ 1.52 1.58