Attached files
Exhibit 12
AMERICAN GENERAL FINANCE, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
| Three Months Ended | Six Months Ended | ||
| June 30, | June 30, | ||
(dollars in thousands) | 2010 | 2009 | 2010 | 2009 |
Earnings: Loss before benefit from income taxes | $ (14,884) | $(237,164) | $ (59,744) | $(479,893) |
Interest expense | 269,979 | 259,363 | 535,807 | 538,690 |
Implicit interest in rents | 4,038 | 6,348 | 7,746 | 10,861 |
Total earnings | $259,133 | $ 28,547 | $483,809 | $ 69,658 |
Fixed charges: Interest expense | $269,979 | $ 259,363 | $535,807 | $ 538,690 |
Implicit interest in rents | 4,038 | 6,348 | 7,746 | 10,861 |
Total fixed charges | $274,017 | $ 265,711 | $543,553 | $ 549,551 |
Ratio of earnings to fixed charges* | 0.95 | 0.11 | 0.89 | 0.13 |
*
Earnings were insufficient to cover total fixed charges by $14.9 million for the three months ended June 30, 2010 and $59.7 million for the six months ended June 30, 2010. Earnings were insufficient to cover total fixed charges by $237.2 million for the three months ended June 30, 2009 and $479.9 million for the six months ended June 30, 2009.
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