The Hartford 2014 Annual Report Download - page 287

EXHIBIT 12.01
THE HARTFORD FINANCIAL SERVICES GROUP, INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND PREFERRED SHARE DIVIDENDS
(In millions)
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For the years ended December 31,
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2014 2013 2012 2011 2010
EARNINGS (LOSS):
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 $ 1,699        

     
     
Total earnings, before interest credited to contractholders 1,918 1,872 417 204 2,695
     
Total earnings $ 2,598 $ 2,732 $ 1,817 $ 1,639 $ 4,186
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FIXED CHARGES:
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          
     
Total fixed charges, before interest credited to contractholders 407 434 498 562 566
     
Total fixed charges 1,087 1,294 1,898 1,997 2,057
     
Total fixed charges and preferred stock dividend requirements, before interest credited
to contractholders 407 446 498 562 1,253
Total fixed charges and preferred stock dividend requirements $ 1,087 $ 1,306 $ 1,898 $ 1,997 $ 2,744
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RATIOS:
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     
     
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          

          
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
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     
     
[1] Interest credited to contractholders includes interest credited on general account assets and interest credited on consumer notes.
[2] Interest factor attributable to rental and others includes 1/3 of total rent expense as disclosed in the notes to the financial statements, capitalized interest and amortization of
debt issuance costs.
[3] Preferred stock dividend requirements represent the amount of pre-tax earnings that would be required to pay the dividends on outstanding preferred stock. Preferred stock
dividend requirements are determined using the Company's effective income tax rate unless use of the Company's effective income tax rate would result in pre-tax losses for
purposes of determining the dividend requirements, as in 2012 and 2011 when income tax benefits exceeded losses from continuing operations.
[4] Ratios of less than one-to-one are presented as “NM” or not meaningful.
[5] Represents additional earnings that would be necessary to result in a one-to-one ratio.
[6] These secondary ratios are disclosed for the convenience of fixed income investors and the rating agencies that serve them and are more comparable to the ratios disclosed
by all issuers of fixed income securities.
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