AMERICAN GENERAL FINANCE INC - FORM 10-K - EX-12 - AGFI EXHIBIT 12 FOR THE YEAR ENDED 12/31/2009 - March 4, 2010

Attached files

file filename
EX-32 - AGFI EXHIBIT 32 FOR THE YEAR ENDED 12/31/2009 - AMERICAN GENERAL FINANCE INCx32i1209.htm
EX-31.1 - AGFI EXHIBIT 31.1 FOR THE YEAR ENDED 12/31/2009 - AMERICAN GENERAL FINANCE INCx311i1209.htm
EX-31.2 - AGFI EXHIBIT 31.2 FOR THE YEAR ENDED 12/31/2009 - AMERICAN GENERAL FINANCE INCx312i1209.htm
EX-3.(II) - AGFI AMENDED BYLAWS - AMERICAN GENERAL FINANCE INCagfibylaws100809.htm
EX-3.(I) - AGFI AMENDED ARTICLES OF INCORPORATION - AMERICAN GENERAL FINANCE INCagfiarticles100809.htm
10-K - AGFI 10-K FOR THE YEAR ENDED 12/31/2009 - AMERICAN GENERAL FINANCE INCagfi2009.htm

Exhibit 12



American General Finance, Inc. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges




Years Ended December 31,

 

 

 

 

 

(dollars in thousands)

2009

2008

2007

2006

2005


Earnings:

(Loss) income before provision

for income taxes




$ (909,190)




$  (950,693)




$   142,043




$   638,621




$   820,317

Interest expense

1,091,163 

1,254,094 

1,257,188

1,175,210

884,971

Implicit interest in rents

19,738 

27,093 

21,833

20,631

19,314

Total earnings

$   201,711 

$   330,494 

$1,421,064

$1,834,462

$1,724,602


Fixed charges:

Interest expense



$1,091,163 



$1,254,094 



$1,257,188



$1,175,210



$   884,971

Implicit interest in rents

19,738 

27,093 

21,833

20,631

19,314

Total fixed charges

$1,110,901 

$1,281,187 

$1,279,021

$1,195,841

$   904,285


Ratio of earnings to fixed

charges*



0.18 



0.26 



1.11



1.53



1.91


*

Earnings were inadequate to cover total fixed charges by $909.2 million in 2009 and $950.7 million in 2008.

 



166


AMERICAN GENERAL FINANCE INC Reports