Exhibit 12
AMERICAN GENERAL CORPORATION
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
(Unaudited)
($ in millions)
Six Months Ended
June 30,
2000 1999
Consolidated operations:
Income before income tax expense and net dividends
on preferred securities of subsidiaries ..........$ 642 $ 961
Fixed charges deducted from income
Interest expense ................................. 443 371
Implicit interest in rents ....................... 12 12
Total fixed charges deducted from income ....... 455 383
Earnings available for fixed charges..........$1,097 $1,344
Fixed charges per above ............................$ 455 $ 383
Dividends on preferred stock and securities ........ 79 73
Combined fixed charges and preferred
stock dividends ................................$ 534 $ 456
Ratio of earnings to fixed charges .......... 2.41 3.51
Ratio of earnings to combined fixed charges
and preferred stock dividends ........... 2.05 2.95
Consolidated operations, corporate fixed charges
and preferred stock dividends only:
Income before income tax expense and net dividends
on preferred securities of subsidiaries ........$ 642 $ 961
Corporate fixed charges deducted from income -
corporate interest expense ..................... 124 111
Earnings available for fixed charges .........$ 766 $1,072
Corporate fixed charges per above ................$ 124 $ 111
Dividends on preferred stock and securities ...... 79 73
Combined corporate fixed charges and
preferred stock dividends ....................$ 203 $ 184
Ratio of earnings to corporate fixed
charges ................................. 6.17 9.66
Ratio of earnings to combined corporate
fixed charges and preferred
stock dividends ......................... 3.77 5.82
Exhibit 12
(continued)
AMERICAN GENERAL CORPORATION
Computation of Ratio of Earnings to Fixed Charges and
Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
(Unaudited)
($ in millions)
Six Months Ended
June 30,
2000 1999
American General Finance, Inc.:
Income before income tax expense ................... $ 137 $ 166
Fixed charges deducted from income
Interest expense ................................. 333 276
Implicit interest in rents ....................... 8 7
Total fixed charges deducted from income ....... 341 283
Earnings available for fixed charges ......... $ 478 $ 449
Ratio of earnings to fixed charges ....... 1.40 1.59
