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Exhibit 12
GE GLOBAL INSURANCE HOLDING CORPORATION
AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
Six months ended July 1, 2000
(Unauditied)
(In millions)
Earnings:
Earnings before income taxes $377
Fixed charges:
Minority interest in net earnings of
consolidated subsidiaries (1) 44
Interest expense (2) 63
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$484
====
Fixed charges:
Minority interest in net earnings of
consolidated subsidiaries (3) $ 55
Interest expense (2) 63
====
$118
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Ratio of earnings to fixed charges 4.10
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(1) Minority interest in net earnings of consolidated subsidiaries includes
earnings from purchased affiliates and dividends on subsidiary's preferred
stock.
(2) Interest expense includes an amount for one-third of the rental expense,
which the Company believes is a reasonable approximation of the interest
factor for such rentals.
(3) The fixed charges amount for minority interest in net earnings of
consolidated subsidiaries represents the pre-tax earnings amount which
would be required to cover such fixed charges as calculated below:
Earnings From Purchased Affiliates or
Subsidiary's Preferred Stock Dividend Requirement
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100% - Income Tax Rate
The income tax rate is based on the relationship of the provision for
income taxes to earnings before income taxes for the respective period.
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