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Previous: LIBERTY FINANCIAL COMPANIES INC /MA/, 10-Q/A, 2000-11-14 |
Next: LIBERTY FINANCIAL COMPANIES INC /MA/, 10-Q/A, EX-27, 2000-11-14 |
<PAGE>
LIBERTY FINANCIAL COMPANIES, INC.
EXHIBIT 12 - STATEMENT RE COMPUTATION OF RATIOS
($ in millions)
<TABLE>
<CAPTION>
THREE MONTHS ENDED
MARCH 31
------------------------------
2000 1999
-------------- ---------------
(RESTATED)
<S> <C> <C>
Earnings:
Pretax income $62.4 $44.0
Add fixed charges:
Interest on indebtedness 9.8 8.8
Portion of rent representing the interest factor 1.2 1.2
Accretion to face value of redeemable
convertible preferred stock 0.2 0.2
-------------- ---------------
Sub-total of income as adjusted 73.6 54.2
Interest on fixed annuities and financial products 127.3 134.8
-------------- ---------------
Total income as adjusted $200.9 $189.0
============== ===============
Fixed charges:
Interest on indebtedness $9.8 $8.8
Portion of rent representing the interest factor 1.2 1.2
Accretion to face value of redeemable
convertible preferred stock 0.2 0.2
-------------- ---------------
Sub-total of fixed charges 11.2 10.2
Interest on fixed annuities and financial products 127.3 134.8
-------------- ---------------
Combined fixed charges 138.5 145.0
Preferred stock dividends 0.3 0.3
-------------- ---------------
Fixed charges and preferred stock dividends $138.8 $145.3
============== ===============
Ratio of earnings to fixed charges:
Excluding interest on fixed annuities and financial products 6.57 x 5.31 x
============== ===============
Including interest on fixed annuities and financial products 1.45 x 1.30 x
============== ===============
Ratio of earnings to combined fixed charges and preferred stock
dividends:
Excluding interest on fixed annuities and financial products 6.40 x 5.16 x
============== ===============
Including interest on fixed annuities and financial products 1.45 x 1.30 x
============== ===============
</TABLE>
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