Exhibit 12
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended June 30, | Year Ended December 31 | ||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||
(in millions of dollars, except ratios) | |||||||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income Before Income Tax | $ | 691.9 | $ | 1,347.7 | $ | 1,238.3 | $ | 542.0 | $ | 1,220.0 | $ | 1,265.6 | |||||||||||
Fixed Charges | 91.7 | 189.4 | 179.0 | 184.1 | 175.1 | 169.8 | |||||||||||||||||
Adjusted Earnings | $ | 783.6 | $ | 1,537.1 | $ | 1,417.3 | $ | 726.1 | $ | 1,395.1 | $ | 1,435.4 | |||||||||||
Fixed Charges | |||||||||||||||||||||||
Interest and Debt Expense, excluding Costs Related to Early Retirement of Debt | $ | 79.7 | $ | 166.0 | $ | 152.8 | $ | 154.3 | $ | 149.4 | $ | 145.4 | |||||||||||
Interest Credited on Investment Products | 2.6 | 5.5 | 11.2 | 14.3 | 10.2 | 9.7 | |||||||||||||||||
Portion of Rents Deemed Representative of Interest | 9.0 | 17.1 | 14.2 | 14.7 | 14.7 | 13.9 | |||||||||||||||||
Other | 0.4 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | |||||||||||||||||
Total Fixed Charges | $ | 91.7 | $ | 189.4 | $ | 179.0 | $ | 184.1 | $ | 175.1 | $ | 169.8 | |||||||||||
Ratio of Earnings to Fixed Charges | 8.5 | 8.1 | 7.9 | 3.9 | 8.0 | 8.5 |