EX-12.1 2 a13-10272_1ex12d1.htm EX-12.1

Exhibit 12.1

 

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Three Months Ended
March 31,

 

(in millions, except ratios)

 

2013

 

2012

 

 

 

 

 

 

 

Income before income taxes

 

$

1,220

 

$

1,077

 

Interest

 

92

 

96

 

Portion of rentals deemed to be interest

 

16

 

16

 

Income available for fixed charges

 

$

1,328

 

$

1,189

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

Interest

 

$

92

 

$

96

 

Portion of rentals deemed to be interest

 

16

 

16

 

Total fixed charges

 

$

108

 

$

112

 

Ratio of earnings to fixed charges

 

12.26

 

10.59

 

 

The ratio of earnings to fixed charges is computed by dividing income available for fixed charges by the fixed charges. For purposes of this ratio, fixed charges consist of that portion of rentals deemed representative of the appropriate interest factor.

 

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