Attached files
file | filename |
---|---|
EX-32.2 - EXHIBIT 32.2 - ASSURANT, INC. | aiz-20170930exh322.htm |
EX-32.1 - EXHIBIT 32.1 - ASSURANT, INC. | aiz-20170930exh321.htm |
EX-31.2 - EXHIBIT 31.2 - ASSURANT, INC. | aiz-20170930exh312.htm |
EX-31.1 - EXHIBIT 31.1 - ASSURANT, INC. | aiz-20170930exh311.htm |
10-Q - 10-Q - ASSURANT, INC. | aiz-2017093010q.htm |
EXHIBIT 12.1
ASSURANT, INC.
COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES
(in millions of U.S. dollars except for ratio amounts)
September 30, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||
Income before income taxes | $ | 292.8 | $ | 848.6 | $ | 201.2 | $ | 744.1 | $ | 789.7 | $ | 757.8 | |||||||||||
Fixed charges | 42.9 | 66.5 | 65.7 | 68.5 | 86.8 | 70.2 | |||||||||||||||||
Income as adjusted | $ | 335.7 | $ | 915.1 | $ | 266.9 | $ | 812.6 | $ | 876.5 | $ | 828.0 | |||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense, including discount amortization and preferred stock dividends (1) | $ | 37.2 | $ | 57.6 | $ | 55.1 | $ | 58.4 | $ | 77.7 | $ | 60.3 | |||||||||||
Portion of rents representative of an appropriate interest factor | 5.7 | 8.9 | 10.6 | 10.1 | 9.1 | 9.9 | |||||||||||||||||
Total fixed charges | $ | 42.9 | $ | 66.5 | $ | 65.7 | $ | 68.5 | $ | 86.8 | $ | 70.2 | |||||||||||
Ratio of consolidated earnings to fixed charges | 7.83 | 13.76 | 4.06 | 11.86 | 10.10 | 11.79 |
_____________________________
(1) | Preferred stock issued is recorded as a liability, thus the corresponding dividend is recorded as interest expense. |