MARSH & MCLENNAN COMPANIES, INC. - FORM 10-Q - EX-12.1 - STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - May 7, 2010

Attached files

file	filename
EXCEL - IDEA: XBRL DOCUMENT - MARSH & MCLENNAN COMPANIES, INC.	Financial_Report.xls
10-Q - FORM 10-Q - MARSH & MCLENNAN COMPANIES, INC.	d10q.htm
EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC.	dex321.htm
EX-10.4 - LETTER AGREEMENT - MARSH & MCLENNAN COMPANIES, INC.	dex104.htm
EX-10.2 - FORM OF 2010 LONG-TERM INCENTIVE AWARD - MARSH & MCLENNAN COMPANIES, INC.	dex102.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC.	dex312.htm
EX-10.3 - LETTER AGREEMENT - MARSH & MCLENNAN COMPANIES, INC.	dex103.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC.	dex311.htm

Exhibit 12.1

Marsh & McLennan Companies, Inc. and Subsidiaries

Ratio of Earnings to Fixed Charges

(In millions, except ratios)


		Three Months Ended March 31, 2010 (Unaudited)		Years Ended December 31,
				2009		2008		2007		2006		2005
Earnings
Income before income taxes ^(a)		$391		$598		$604		$ 855		$ 904		$296
Interest expense		60		241		220		267		303		332
Portion of rents representative of the interest factor		40		142		156		170		170		149
		$491		$981		$980		$1,292		$1,377		$777
Fixed Charges
Interest expense		$ 60		$241		$220		$ 267		$ 303		$332
Portion of rents representative of the interest factor		40		142		156		170		170		149
		$100		$383		$376		$ 437		$ 473		$481
Ratio of Earnings to Fixed Charges		4.9		2.6		2.6		3.0		2.9		1.6

^(a)	Excludes goodwill impairment charges of $315 million and $540 million recorded in the Risk Consulting & Technology segment in 2009 and 2008, respectively. Including these charges, the Ratio of Earnings to Fixed Charges was 1.7 and 1.2 for the years ended December 31, 2009 and 2008, respectively.