EX-12.1 3 mmc-903011ex_121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES MMC-9.30.11 Ex_12.1


Exhibit 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
 
Nine Months Ended September 30, 2011
Years Ended December 31,
 
(Unaudited)
 
2010
 
2009
 
2008
 
2007
 
2006
Earnings
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
1,060

 
$
769

 
$
552

 
$
494

 
$
759

 
$
799

Interest expense
149

 
233

 
241

 
220

 
266

 
303

Portion of rents representative of the interest factor
114

 
140

 
132

 
145

 
162

 
162

 
$
1,323

 
$
1,142

 
$
925

 
$
859

 
$
1,187

 
$
1,264

Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
149

 
$
233

 
$
241

 
$
220

 
$
266

 
$
303

Portion of rents representative of the interest factor
114

 
140

 
132

 
145

 
162

 
162

 
$
263

 
$
373

 
$
373

 
$
365

 
$
428

 
$
465

Ratio of Earnings to Fixed Charges
5.0

 
3.1

 
2.5

 
2.4

 
2.8

 
2.7