Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - AETNA INC /PA/exhibit32_2.htm
EX-32.1 - EXHIBIT 32.1 - AETNA INC /PA/exhibit32_1.htm
EX-31.2 - EXHIBIT 31.2 - AETNA INC /PA/exhibit31_2.htm
EX-31.1 - EXHIBIT 31.1 - AETNA INC /PA/exhibit31_1.htm
EX-15.1 - EXHIBIT 15.1 - AETNA INC /PA/exhibit15_1.htm
EX-10.3 - EXHIBIT 10.3 - AETNA INC /PA/exhibit10_3.htm
EX-10.2 - EXHIBIT 10.2 - AETNA INC /PA/exhibit10_2.htm
EX-10.1 - EXHIBIT 10.1 - AETNA INC /PA/exhibit10_1.htm
10-Q - FORM 10-Q - AETNA INC /PA/form10-q.htm


Exhibit 12.1

Computation of Ratios

The computation of the ratio of earnings to fixed charges for the three months ended March 31, 2018 and the years ended December 31, 2017, 2016, 2015, 2014 and 2013 are as follows:

 
Three Months Ended
March 31, 2018

 
Years Ended December 31,
(Millions)
 
2017

 
2016

 
2015

 
2014

 
2013

Income from continuing operations before income taxes
$
1,465

 
$
2,991

 
$
3,991

 
$
4,234

 
$
3,497

 
$
2,937

Add back fixed charges
104

 
498

 
663

 
426

 
396

 
396

Income as adjusted ("earnings")
$
1,569

 
$
3,489

 
$
4,654

 
$
4,660

 
$
3,893

 
$
3,333

 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
89

 
$
442

 
$
604

 
$
369

 
$
334

 
$
336

Portion of rents representative of interest factor
15

 
56

 
59

 
57

 
62

 
60

Total fixed charges
$
104

 
$
498

 
$
663

 
$
426

 
$
396

 
$
396

Ratio of earnings to fixed charges
15.1

 
7.01

 
7.02

 
10.94

 
9.83

 
8.42