Attached files
| file | filename |
|---|---|
| EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201510qex_311.htm |
| EX-10.1 - MCGIVNEY LETTER AGREEMENT - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201510qex_101.htm |
| EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201510qex_312.htm |
| EX-10.2 - MCGIVNEY NON-COMPETE NON-SOLICIT - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201510qex_102.htm |
| 10-Q - FORM 10-Q - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201510q.htm |
| EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201510qex_321.htm |
Exhibit 12.1
Marsh & McLennan Companies, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
Nine Months Ended September 30, 2015 | Years Ended December 31, | ||||||||||||||||||||||
(Unaudited) | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income before income taxes | $ | 1,756 | $ | 2,057 | $ | 1,973 | $ | 1,696 | $ | 1,404 | $ | 769 | |||||||||||
Interest expense | 117 | 165 | 167 | 181 | 199 | 233 | |||||||||||||||||
Portion of rents representative of the interest factor | 110 | 131 | 134 | 139 | 143 | 140 | |||||||||||||||||
$ | 1,983 | $ | 2,353 | $ | 2,274 | $ | 2,016 | $ | 1,746 | $ | 1,142 | ||||||||||||
Fixed Charges | |||||||||||||||||||||||
Interest expense | $ | 117 | $ | 165 | $ | 167 | $ | 181 | $ | 199 | $ | 233 | |||||||||||
Portion of rents representative of the interest factor | 110 | 131 | 134 | 139 | 143 | 140 | |||||||||||||||||
$ | 227 | $ | 296 | $ | 301 | $ | 320 | $ | 342 | $ | 373 | ||||||||||||
Ratio of Earnings to Fixed Charges | 8.7 | 7.9 | 7.6 | 6.3 | 5.1 | 3.1 | |||||||||||||||||