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Previous: GE FINANCIAL ASSURANCES HOLDINGS INC, 10-Q, 2000-07-26 |
Next: GE FINANCIAL ASSURANCES HOLDINGS INC, 10-Q, EX-27, 2000-07-26 |
<PAGE>
EXHIBIT 12.1
GE FINANCIAL ASSURANCE HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Six Months Ended July 1, 2000
(Unaudited)
<TABLE>
<CAPTION>
Ratio of
Earnings to
(Dollar amounts in millions) Fixed Charges
-------------------
<S> <C>
Net earnings $341
Provision for income taxes 204
Minority Interest 2
-------------------
Earnings before income taxes and minority interest 547
-------------------
Fixed charges:
Interest 62
Interest portion of net rentals 20
-------------------
Total fixed charges 82
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Less interest capitalized, net of amortization ---
-------------------
Earnings before income taxes and minority interest, plus fixed
charges $629
===================
Ratio of earnings to fixed charges 7.7
===================
</TABLE>
For purposes of computing the ratios, fixed charges consist of interest on all
indebtedness and one-third of rentals, which management believes is a reasonable
approximation of the interest factor of such rentals.
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