For the three months
ended March 31,

For the year ended December 31,

($ in millions)

2013

2012

2012

2011

2010

2009

2008

1.

Income from operations before income taxes

$

1,030

$

1,112

$

3,306

$

959

$

1,100

$

1,300

$

(2,815

)

Fixed charges:

2.

Interest on indebtedness

$

98

$

95

$

373

$

367

$

367

$

392

$

351

3.

Interest factor of annual rental expense

4

5

15

24

26

31

43

4.

Interest credited to contractholder funds

345

378

1,316

1,645

1,807

2,126

2,411

5.

Total fixed charges (2+3+4)

$

447

$

478

$

1,704

$

2,036

$

2,200

$

2,549

$

2,805

6.

Preferred stock dividends

—

—

—

—

—

—

—

7.

Total fixed charges and preferred stock dividends (5+6)

$

447

$

478

$

1,704

$

2,036

$

2,200

$

2,549

$

2,805

8.

Income from operations before income taxes and fixed charges (1+5)

$

1,477

$

1,590

$

5,010

$

2,995

$

3,300

$

3,849

$

(10

)

9.

Ratio of earnings to fixed charges (A) (8/5)

3.3

X

3.3

X

2.9

X

1.5

X

1.5

X

1.5

X

—

X

10.

Income from operations before income taxes and fixed charges and preferred stock dividends (1+7)

$

1,477

$

1,590

$

5,010

$

2,995

$

3,300

$

3,849

$

(10

)

11.

Ratio of earnings to fixed charges and preferred stock dividends (A) (10/7)

3.3

X

3.3

X

2.9

X

1.5

X

1.5

X

1.5

X

—

X