EX-12 2 a2031025zex-12.txt EXHIBIT 12 LIBERTY FINANCIAL COMPANIES, INC. EXHIBIT 12 - STATEMENT RE COMPUTATION OF RATIOS ($ in millions)
THREE MONTHS ENDED MARCH 31 ------------------------------ 2000 1999 -------------- --------------- (RESTATED) Earnings: Pretax income $62.4 $44.0 Add fixed charges: Interest on indebtedness 9.8 8.8 Portion of rent representing the interest factor 1.2 1.2 Accretion to face value of redeemable convertible preferred stock 0.2 0.2 -------------- --------------- Sub-total of income as adjusted 73.6 54.2 Interest on fixed annuities and financial products 127.3 134.8 -------------- --------------- Total income as adjusted $200.9 $189.0 ============== =============== Fixed charges: Interest on indebtedness $9.8 $8.8 Portion of rent representing the interest factor 1.2 1.2 Accretion to face value of redeemable convertible preferred stock 0.2 0.2 -------------- --------------- Sub-total of fixed charges 11.2 10.2 Interest on fixed annuities and financial products 127.3 134.8 -------------- --------------- Combined fixed charges 138.5 145.0 Preferred stock dividends 0.3 0.3 -------------- --------------- Fixed charges and preferred stock dividends $138.8 $145.3 ============== =============== Ratio of earnings to fixed charges: Excluding interest on fixed annuities and financial products 6.57 x 5.31 x ============== =============== Including interest on fixed annuities and financial products 1.45 x 1.30 x ============== =============== Ratio of earnings to combined fixed charges and preferred stock dividends: Excluding interest on fixed annuities and financial products 6.40 x 5.16 x ============== =============== Including interest on fixed annuities and financial products 1.45 x 1.30 x ============== ===============
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