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EX-32.1 - EXHIBIT 32.1 - UNITEDHEALTH GROUP INCunhex3219302017.htm
EX-31.1 - EXHIBIT 31.1 - UNITEDHEALTH GROUP INCunhex3119302017.htm
EX-10.3 - EXHIBIT 10.3 - UNITEDHEALTH GROUP INCunhex1039302017.htm
EX-10.2 - EXHIBIT 10.2 - UNITEDHEALTH GROUP INCunhex1029302017.htm
EX-10.1 - EXHIBIT 10.1 - UNITEDHEALTH GROUP INCunhex1019302017.htm
10-Q - 10-Q - UNITEDHEALTH GROUP INCunh930201710-q.htm


EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(dollars in millions)
 
2017
 
2016
 
2017
 
2016
Earnings before income taxes
 
$
3,794

 
$
3,311

 
$
10,354

 
$
8,944

Fixed charges
 
346

 
316

 
1,030

 
934

Total earnings available for fixed charges
 
$
4,140

 
$
3,627

 
$
11,384

 
$
9,878

 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
294

 
$
269

 
$
878

 
$
799

Interest component of rental payments
 
52

 
47

 
152

 
135

Total fixed charges
 
$
346

 
$
316

 
$
1,030

 
$
934

Ratio of earnings to fixed charges
 
12.0

 
11.5

 
11.1

 
10.6

The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense plus the interest factor in rental expense.