Liberty Financial Companies, Inc.
Exhibit 12 - Statement re Computation of Ratios
($ in millions)
Three Months Ended Six Months Ended
June 30 June 30
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2000 1999 2000 1999
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Earnings:
Pretax income $40.2 $36.0 $87.6 $80.0
Add fixed charges:
Interest on indebtedness 10.1 9.1 19.9 17.9
Portion of rent representing the
interest factor 1.3 1.2 2.5 2.4
Accretion to face value of redeemable
convertible preferred stock 0.0 0.2 0.2 0.4
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Sub-total of income as adjusted 51.6 46.5 110.2 100.7
Interest on fixed annuities and
financial products 133.2 129.4 260.5 264.2
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Total income as adjusted $184.8 $175.9 $370.7 $364.9
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Fixed charges:
Interest on indebtedness $10.1 $9.1 $19.9 $17.9
Portion of rent representing the
interest factor 1.3 1.2 2.5 2.4
Accretion to face value of redeemable
convertible preferred stock 0.0 0.2 0.2 0.4
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Sub-total of fixed charges 11.4 10.5 22.6 20.7
Interest on fixed annuities and
financial products 133.2 129.4 260.5 264.2
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Combined fixed charges 144.6 139.9 283.1 284.9
Preferred stock dividends 0.4 0.4 0.7 0.7
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Fixed charges and preferred stock
dividends $145.0 $140.3 $283.8 $285.6
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Ratio of earnings to fixed charges:
Excluding interest on fixed annuities
and financial products 4.53 x 4.43 x 4.88 x 4.86 x
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Including interest on fixed annuities
and financial products 1.28 x 1.26 x 1.31 x 1.28 x
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Ratio of earnings to combined fixed charges
and preferred stock dividends:
Excluding interest on fixed annuities
and financial products 4.37 x 4.27 x 4.73 x 4.71 x
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Including interest on fixed annuities
and financial products 1.27 x 1.25 x 1.31 x 1.28 x
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