For the nine months
ended September 30,

For the year ended December 31,

($ in millions)

2016

2015

2015

2014

2013

2012

2011

1.

Income from operations before income taxes

$

1,496

$

2,562

$

3,282

$

4,236

$

3,396

$

3,306

$

959

Fixed charges:

2.

Interest on indebtedness

$

218

$

219

$

292

$

322

$

367

$

373

$

367

3.

Interest factor of annual rental expense

11

14

19

18

19

15

24

4.

Interest credited to contractholder funds

558

578

761

919

1,278

1,316

1,645

5.

Total fixed charges (2+3+4)

$

787

$

811

$

1,072

$

1,259

$

1,664

$

1,704

$

2,036

6.

Preferred stock dividends

87

87

116

104

17

—

—

7.

Total fixed charges and preferred stock dividends (5+6)

$

874

$

898

$

1,188

$

1,363

$

1,681

$

1,704

$

2,036

8.

Income from operations before income taxes and fixed charges (1+5)

$

2,283

$

3,373

$

4,354

$

5,495

$

5,060

$

5,010

$

2,995

9.

Ratio of earnings to fixed charges (8/5)

2.9

X

4.2

X

4.1

X

4.4

X

3.0

X

2.9

X

1.5

X

10.

Income from operations before income taxes and fixed charges and preferred stock dividends (1+7)

$

2,370

$

3,460

$

4,470

$

5,599

$

5,077

$

5,010

$

2,995

11.

Ratio of earnings to fixed charges and preferred stock dividends (10/7)

2.7

X

3.9

X

3.8

X

4.1

X

3.0

X

2.9

X

1.5

X