Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201610q.htm |
| EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201610qex_321.htm |
| EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201610qex_312.htm |
| EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC. | mmc0930201610qex_311.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, 2016 | Years Ended December 31, | ||||||||||||||||||||||
(Unaudited) | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||
Earnings | |||||||||||||||||||||||
Income before income taxes | $ | 1,892 | $ | 2,307 | $ | 2,057 | $ | 1,973 | $ | 1,696 | $ | 1,404 | |||||||||||
Interest expense | 141 | 163 | 165 | 167 | 181 | 199 | |||||||||||||||||
Portion of rents representative of the interest factor | 108 | 127 | 131 | 134 | 139 | 143 | |||||||||||||||||
$ | 2,141 | $ | 2,597 | $ | 2,353 | $ | 2,274 | $ | 2,016 | $ | 1,746 | ||||||||||||
Fixed Charges | |||||||||||||||||||||||
Interest expense | $ | 141 | $ | 163 | $ | 165 | $ | 167 | $ | 181 | $ | 199 | |||||||||||
Portion of rents representative of the interest factor | 108 | 127 | 131 | 134 | 139 | 143 | |||||||||||||||||
$ | 249 | $ | 290 | $ | 296 | $ | 301 | $ | 320 | $ | 342 | ||||||||||||
Ratio of Earnings to Fixed Charges | 8.6 | 9.0 | 7.9 | 7.6 | 6.3 | 5.1 | |||||||||||||||||