|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: TRAVELERS PROPERTY CASUALTY CORP, 10-Q, 2000-11-13 |
Next: TRAVELERS PROPERTY CASUALTY CORP, 10-Q, EX-99.01, 2000-11-13 |
<PAGE> 1
Exhibit 12.01
Travelers Property Casualty Corp. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(In millions of dollars, except for ratio)
<TABLE>
<CAPTION>
Three Months Ended Nine Months Ended
------------------ -----------------
September 30, September 30,
----------------- -----------------
2000 1999 2000 1999
------ ------ ------ -------
<S> <C> <C> <C> <C>
Income before federal income taxes and cumulative
effect of changes in accounting principles $ 563 $ 430 $1,505 $ 1,361
Interest 34 38 101 118
Portion of rentals deemed to be interest 11 9 32 32
------ ------ ------ -------
Earnings available for fixed charges $ 608 $ 477 $1,638 $ 1,511
====== ====== ====== =======
Fixed charges:
Interest $ 34 $ 38 $ 101 $ 118
Portion of rentals deemed to be interest 11 9 32 32
------ ------ ------ -------
Total fixed charges $ 45 $ 47 $ 133 $ 150
====== ====== ====== =======
Ratio of earnings to fixed charges 13.51x 10.15x 12.32x 10.07x
====== ====== ====== =======
</TABLE>
The ratio of earnings to fixed charges is computed by dividing income before
federal income taxes and cumulative effect of changes in accounting principles
and 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.
|
|