EX-12.1 5 mmc-12312011ex_121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES MMC-12.31.2011 Ex12_1



Exhibit 12.1


Marsh & McLennan Companies, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
 
Years Ended December 31,
 
2011
 
2010
 
2009
 
2008
 
2007
Earnings
 
 
 
 
 
 
 
 
 
Income before income taxes
$
1,404

 
$
769

 
$
552

 
$
494

 
$
759

Interest expense
199

 
233

 
241

 
220

 
266

Portion of rents representative of the interest factor
143

 
140

 
132

 
145

 
162

 
$
1,746

 
$
1,142

 
$
925

 
$
859

 
$
1,187

Fixed Charges
 
 
 
 
 
 
 
 
 
Interest expense
$
199

 
$
233

 
$
241

 
$
220

 
$
266

Portion of rents representative of the interest factor
143

 
140

 
132

 
145

 
162

 
$
342

 
$
373

 
$
373

 
$
365

 
$
428

Ratio of Earnings to Fixed Charges
5.1

 
3.1

 
2.5

 
2.4

 
2.8