Attached files
| file | filename |
|---|---|
| 8-K - 8-K - CNA FINANCIAL CORP | a16-4803_38k.htm |
| EX-1.1 - EX-1.1 - CNA FINANCIAL CORP | a16-4803_3ex1d1.htm |
| EX-4.1 - EX-4.1 - CNA FINANCIAL CORP | a16-4803_3ex4d1.htm |
| EX-4.2 - EX-4.2 - CNA FINANCIAL CORP | a16-4803_3ex4d2.htm |
| EX-5.1 - EX-5.1 - CNA FINANCIAL CORP | a16-4803_3ex5d1.htm |
Exhibit 12.1
CNA FINANCIAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth our ratio of earnings to fixed charges excluding preferred dividends for each of the periods indicated.
|
|
|
Years Ended December 31 |
| |||||||||
|
(In millions, except ratio amounts) |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Income (loss) from continuing operations before income tax and noncontrolling interest |
|
$ |
549 |
|
1,207 |
|
1,276 |
|
859 |
|
1,037 |
|
|
Less: |
|
|
|
|
|
|
|
|
|
|
| |
|
Income (loss) from equity investees |
|
92 |
|
263 |
|
451 |
|
251 |
|
48 |
| |
|
Add: |
|
|
|
|
|
|
|
|
|
|
| |
|
Fixed charges |
|
170 |
|
202 |
|
184 |
|
191 |
|
196 |
| |
|
Distributions from equity investees |
|
287 |
|
357 |
|
128 |
|
162 |
|
145 |
| |
|
Income as adjusted |
|
$ |
914 |
|
1,503 |
|
1,137 |
|
961 |
|
1,330 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |
|
Interest |
|
$ |
155 |
|
183 |
|
166 |
|
170 |
|
175 |
|
|
Portion of rents representative of the interest factor |
|
15 |
|
18 |
|
15 |
|
17 |
|
17 |
| |
|
Interest credited to policyholders |
|
— |
|
1 |
|
3 |
|
4 |
|
4 |
| |
|
Fixed charges |
|
$ |
170 |
|
202 |
|
184 |
|
191 |
|
196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Ratio of earnings to fixed charges |
|
5.4 |
|
7.4 |
|
6.2 |
|
5.0 |
|
6.8 |
| |