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Previous: GE FINANCIAL ASSURANCES HOLDINGS INC, 10-Q, 2000-10-27 |
Next: GE FINANCIAL ASSURANCES HOLDINGS INC, 10-Q, EX-27, 2000-10-27 |
<PAGE>
EXHIBIT 12.1
GE FINANCIAL ASSURANCE HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Nine Months Ended September 30, 2000
(Unaudited)
<TABLE>
<CAPTION>
Ratio of Earnings
to Fixed Charges
(Dollar amounts in millions) ---------------------
<S> <C>
Net earnings $ 570
Provision for income taxes 315
Minority interest 4
---------------------
Earnings before income taxes and minority interest 889
---------------------
Fixed charges:
Interest 96
Interest portion of net rentals 27
---------------------
Total fixed charges 123
---------------------
Less interest capitalized, net of amortization
---
---------------------
Earnings before income taxes and minority interest, plus fixed charges $1,012
=====================
Ratio of earnings to fixed charges 8.2
=====================
</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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