EX-12.1 2 dex121.htm AMENDED RATIO OF EARNINGS TO FIXED CHARGES Amended Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(In millions, except ratios)

 

   
    

Years Ended December 31,

 

      2009    2008    2007    2006    2005

Earnings

               

Income before income taxes

    $ 552    $ 494    $ 759    $ 799    $ 203

Interest expense

      241      220      266      303      332

Portion of rents representative of the interest factor

      132      145      162      162      141
     $ 925    $ 859    $ 1,187    $ 1,264    $ 676

Fixed Charges

               

Interest expense

      241    $ 220    $ 266    $ 303    $ 332

Portion of rents representative of the interest factor

      132      145      162      162      141
     $ 373    $ 365    $ 428    $ 465    $ 473

Ratio of Earnings to Fixed Charges

      2.5      2.4      2.8      2.7      1.4