Attached files
Aflac Incorporated 2nd Quarter 2010 Form 10-Q
EXHIBIT 12
Aflac Incorporated and Subsidiaries
Ratio of Earnings to Fixed Charges
| Three Months Ended June 30, |
Six Months Ended June 30, | |||||||||||
| (In thousands) | 2010 | 2009 | 2010 | 2009 | ||||||||
| Fixed charges: |
||||||||||||
| Interest expense(1) |
$ | 32,993 | $ | 13,521 | $ | 65,675 | $ | 21,322 | ||||
| Interest on investment-type contracts |
9,467 | 8,266 | 18,761 | 16,727 | ||||||||
| Rental expense deemed interest |
232 | 363 | 482 | 765 | ||||||||
| Total fixed charges |
$ | 42,692 | $ | 22,150 | $ | 84,918 | $ | 38,814 | ||||
| Earnings before income tax(1) |
$ | 889,382 | $ | 472,712 | $ | 1,863,107 | $ | 1,343,875 | ||||
| Add back: |
||||||||||||
| Total fixed charges |
42,692 | 22,150 | 84,918 | 38,814 | ||||||||
| Total earnings before income tax and fixed charges |
$ | 932,074 | $ | 494,862 | $ | 1,948,025 | $ | 1,382,689 | ||||
| Ratio of earnings to fixed charges |
21.8x | 22.3x | 22.9x | 35.6x | ||||||||
(1) Excludes interest expense on income tax liabilities
EXH 12-1