EX-12 3 exhibit12allcorp123116.htm EXHIBIT 12 Exhibit


EXHIBIT 12

THE ALLSTATE CORPORATION

COMPUTATION OF EARNINGS TO FIXED CHARGES RATIO

($ in millions)
For the year ended December 31,
 
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
1.
Income from operations before income tax
$
2,754

 
$
3,282

 
$
4,236

 
$
3,396

 
$
3,306

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2.
Interest in indebtedness
$
295

 
$
292

 
$
322

 
$
367

 
$
373

 
 
 
 
 
 
 
 
 
 
 
 
 
3.
Interest factor of annual rental expense
18

 
19

 
18

 
19

 
15

 
 
 
 
 
 
 
 
 
 
 
 
 
4.
Interest credited to contractholder funds
726

 
761

 
919

 
1,278

 
1,316

 
 
 
 
 
 
 
 
 
 
 
 
 
5.
Total fixed charges (2+3+4)
$
1,039

 
$
1,072

 
$
1,259

 
$
1,664

 
$
1,704

 
 
 
 
 
 
 
 
 
 
 
 
 
6.
Preferred stock dividends
116

 
116

 
104

 
17

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
7.
Total fixed charges and preferred stock dividends (5+6)
$
1,155

 
$
1,188

 
$
1,363

 
$
1,681

 
$
1,704

 
 
 
 
 
 
 
 
 
 
 
 
 
8.
Income from operations before income taxes and fixed charges (1+5)
$
3,793

 
$
4,354

 
$
5,495

 
$
5,060

 
$
5,010

 
 
 
 
 
 
 
 
 
 
 
 
 
9.
Ratio of earnings to fixed charges (8/5)
3.7

X
4.1

X
4.4

X
3.0

X
2.9

X
 
 
 
 
 
 
 
 
 
 
 
 
10.
Income from operations before income taxes and fixed charges and preferred stock dividends (1+7)
$
3,909


$
4,470


$
5,599


$
5,077


$
5,010

 
 
 
 
 
 
 
 
 
 
 
 
 
11.
Ratio of earnings to fixed charges and preferred stock dividends (10/7)
3.4

X
3.8

X
4.1

X
3.0

X
2.9

X