Attached files

file filename
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC.mmc12312015ex_312.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC.mmc12312015ex_311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - MARSH & MCLENNAN COMPANIES, INC.mmc12312015ex_231.htm
EX-21.1 - LIST OF SUBSIDIARIES OF MMC - MARSH & MCLENNAN COMPANIES, INC.mmc12312015ex_211.htm
EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC.mmc12312015ex_321.htm
10-K - FORM 10-K - MARSH & MCLENNAN COMPANIES, INC.mmc1231201510k.htm



Exhibit 12.1


Marsh & McLennan Companies, Inc. and Subsidiaries
Ratio of Earnings to Fixed Charges
(In millions, except ratios)
 
 
 
Years Ended December 31,
 
2015

 
2014

 
2013

 
2012
 
2011
 
Earnings
 
 
 
 
 
 
 
 
 
 
Income before income taxes
$
2,307

 
$
2,057

 
$
1,973

 
$
1,696

 
$
1,404

 
Interest expense
163

 
165

 
167

 
181

 
199

 
Portion of rents representative of the interest factor
127

 
131

 
134

 
139

 
143

 
 
$
2,597

 
$
2,353

 
$
2,274

 
$
2,016

 
$
1,746

 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
Interest expense
$
163

 
$
165

 
$
167

 
$
181

 
$
199

 
Portion of rents representative of the interest factor
127

 
131

 
134

 
139

 
143

 
 
$
290

 
$
296

 
$
301

 
$
320

 
$
342

 
Ratio of Earnings to Fixed Charges
9.0

 
7.9

 
7.6

 
6.3

 
5.1