Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - CNA FINANCIAL CORP | c59574e8vk.htm |
| EX-5.1 - EX-5.1 - CNA FINANCIAL CORP | c59574exv5w1.htm |
| EX-4.1 - EX-4.1 - CNA FINANCIAL CORP | c59574exv4w1.htm |
| EX-1.1 - EX-1.1 - CNA FINANCIAL CORP | c59574exv1w1.htm |
| EX-10.1 - EX-10.1 - CNA FINANCIAL CORP | c59574exv10w1.htm |
Exhibit 12.1
Statement regarding Computation of Ratio of Earnings to Fixed Charges
The following table sets forth our ratio of earnings to fixed charges for each of the periods
indicated.
| Six Months | ||||||||||||||||||||||||
| Ended | Years Ended December 31 | |||||||||||||||||||||||
| (in millions except for ratio amounts) | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||
Income (loss) before income tax and noncontrolling interest |
$ | 803 | $ | 540 | $ | (562 | ) | $ | 1,222 | $ | 1,650 | $ | 162 | |||||||||||
Less: |
||||||||||||||||||||||||
Income (loss) from equity investees |
68 | 315 | (379 | ) | 183 | 288 | 254 | |||||||||||||||||
Add: |
||||||||||||||||||||||||
Fixed charges |
84 | 150 | 157 | 166 | 165 | 195 | ||||||||||||||||||
Distributions from equity investees |
82 | 92 | 67 | 84 | 118 | 199 | ||||||||||||||||||
Income as adjusted |
$ | 901 | $ | 467 | $ | 41 | $ | 1,289 | $ | 1,645 | $ | 302 | ||||||||||||
Fixed charges: |
||||||||||||||||||||||||
Interest expensed |
$ | 73 | $ | 128 | $ | 134 | $ | 140 | $ | 131 | $ | 124 | ||||||||||||
Portion of rents representative of the interest factor |
9 | 17 | 17 | 17 | 17 | 24 | ||||||||||||||||||
Interest credited to policyholders |
2 | 5 | 6 | 9 | 17 | 47 | ||||||||||||||||||
Fixed charges |
$ | 84 | $ | 150 | $ | 157 | $ | 166 | $ | 165 | $ | 195 | ||||||||||||
Ratio of earnings to fixed charges |
10.7 | 3.1 | (a | ) | 7.8 | 10.0 | 1.5 | |||||||||||||||||
| (a) | For the year ended December 31, 2008, earnings were insufficient to cover fixed charges by $116 million. |