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EX-32.1 - EXHIBIT 32.1 - UNITEDHEALTH GROUP INCunhex3213312016.htm
EX-31.1 - EXHIBIT 31.1 - UNITEDHEALTH GROUP INCunhex3113312016.htm
10-Q - 10-Q - UNITEDHEALTH GROUP INCunh201633110-q.htm


EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
Three Months Ended March 31,
(dollars in millions)
 
2016
 
2015
Earnings before income taxes
 
$
2,701

 
$
2,490

Fixed charges
 
301

 
191

Total earnings available for fixed charges
 
$
3,002

 
$
2,681

 
 
 
 
 
Fixed Charges:
 
 
 
 
Interest expense
 
$
259

 
$
150

Interest component of rental payments
 
42

 
41

Total fixed charges
 
$
301

 
$
191

Ratio of earnings to fixed charges
 
10.0

 
14.0


The ratio of earnings to fixed charges is computed by dividing total earnings available for fixed charges by the fixed charges. For purposes of computing this ratio, fixed charges consist of interest expense plus the interest factor in rental expense.