EX-12 8 dex12.htm STATEMENT REGARDING COMPUTATION OF RATIOS Statement regarding computation of ratios

Exhibit 12

 

Horace Mann Educators Corporation

Computation of Ratio of Earnings to Fixed Charges

For the Years Ended December 31, 2004, 2003, 2002, 2001 and 2000

(Dollars in millions)

 

     Year Ended December 31,
  
     2004
     2003
     2002
     2001
     2000
  

Income before income taxes

    $ 69.7     $ 19.2     $ 7.7     $ 28.3     $ 9.7  

Interest expense

      6.8       6.3       8.5       9.3       10.2  
    
 
 
 
 

Earnings

    $ 76.5     $ 25.5     $ 16.2     $ 37.6     $ 19.9  
    
 
 
 
 

Fixed charges - interest expense

    $ 6.8     $ 6.3     $ 8.5     $ 9.3     $ 10.2  

Ratio of earnings to fixed charges

      11.2 x     4.0 x     1.9 x     4.0 x     2.0 x