EX-12.01 10 y42254ex12-01.txt STATEMENT RE COMPUTATION OF PER SHARE EARNINGS 1 EXHIBIT 12.01 THE HARTFORD FINANCIAL SERVICES GROUP, INC. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
SIX MONTHS JUNE 30, YEAR ENDED DECEMBER 31, (In millions) 2000 1999 1999 1998 1997 1996 1995 ---------------- ------------------------------------------------------ Earnings $ 602 $ 651 $ 1,235 $1,475 $1,703 $ (318) $ 742 ADD: Fixed Charges Interest expense 109 107 219 216 213 148 101 Interest factor attributable to rentals 32 30 61 54 48 36 49 ---------------- ------------------------------------------------------ TOTAL FIXED CHARGES 141 137 280 270 261 184 150 EARNINGS, AS DEFINED $ 743 $ 788 $ 1,515 $1,745 $1,964 $ (134) $ 892 FIXED CHARGES Fixed charges above $ 141 $ 137 $ 280 $ 270 $ 261 $ 184 $ 150 Dividends on subsidiary preferred stock - - - - - - 4 ---------------- ------------------------------------------------------ TOTAL FIXED CHARGES AND PREFERRED DIVIDEND REQUIREMENTS $ 141 $ 137 $ 280 $ 270 $ 261 $ 184 $ 154 RATIOS Earnings, as defined, to total fixed charges [1] 5.3 5.8 5.4 6.5 7.5 (0.7) 5.9 Earnings, as defined, to total fixed charges and preferred dividend requirements 5.3 5.8 5.4 6.5 7.5 (0.7) 5.8
[1] The 1997 earnings to total fixed charges ratio, excluding the equity gain on HLI initial public offering of $368, was 6.1. The 1996 earnings to total fixed charges ratio, excluding other charges of $1,061, before-tax, primarily related to environmental and asbestos reserve increases and recognition of losses on GIC, was 5.0.