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EX-32.1 - EXHIBIT 32.1 - UNITEDHEALTH GROUP INCunhex3216302016.htm
EX-31.1 - EXHIBIT 31.1 - UNITEDHEALTH GROUP INCunhex3116302016.htm
EX-10.2 - EXHIBIT 10.2 - UNITEDHEALTH GROUP INCunhex1026302016.htm
EX-10.1 - EXHIBIT 10.1 - UNITEDHEALTH GROUP INCunhex1016302016.htm
10-Q - 10-Q - UNITEDHEALTH GROUP INCunh201663010-q.htm


EXHIBIT 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(dollars in millions)
 
2016
 
2015
 
2016
 
2015
Earnings before income taxes
 
$
2,932

 
$
2,744

 
$
5,633

 
$
5,234

Fixed charges
 
317

 
190

 
618

 
381

Total earnings available for fixed charges
 
$
3,249

 
$
2,934

 
$
6,251

 
$
5,615

 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
271

 
$
151

 
$
530

 
$
301

Interest component of rental payments
 
46

 
39

 
88

 
80

Total fixed charges
 
$
317

 
$
190

 
$
618

 
$
381

Ratio of earnings to fixed charges
 
10.2

 
15.4

 
10.1

 
14.7


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.