Attached files
| file | filename |
|---|---|
| EX-32.02 - EX-32.02 - LOEWS CORP | d284597dex3202.htm |
| EX-32.01 - EX-32.01 - LOEWS CORP | d284597dex3201.htm |
| EX-31.02 - EX-31.02 - LOEWS CORP | d284597dex3102.htm |
| EX-31.01 - EX-31.01 - LOEWS CORP | d284597dex3101.htm |
| EX-23.01 - EX-23.01 - LOEWS CORP | d284597dex2301.htm |
| EX-21.01 - EX-21.01 - LOEWS CORP | d284597dex2101.htm |
| 10-K - FORM 10-K - LOEWS CORP | d284597d10k.htm |
Exhibit 12.1
Loews Corporation
Calculation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
| Years Ended December 31, | ||||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Pretax income from continuing operations before noncontrolling interests |
$ | 936 | $ | 244 | $ | 1,810 | $ | 2,277 | $ | 2,022 | ||||||||||
| Add (deduct): |
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| Undistributed loss (income) from equity investees |
221 | 182 | 64 | (380 | ) | (103 | ) | |||||||||||||
| Capitalized interest |
(29 | ) | (21 | ) | (76 | ) | (91 | ) | (55 | ) | ||||||||||
| Amortization of capitalized interest |
13 | 13 | 10 | 9 | 10 | |||||||||||||||
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| Earnings before fixed charges |
1,141 | 418 | 1,808 | 1,815 | 1,874 | |||||||||||||||
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| Fixed charges: |
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| Interest expensed |
536 | 520 | 513 | 442 | 440 | |||||||||||||||
| Capitalized interest |
29 | 21 | 76 | 91 | 55 | |||||||||||||||
| Other interest related factors |
35 | 30 | 39 | 37 | 38 | |||||||||||||||
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| Total fixed charges |
600 | 571 | 628 | 570 | 533 | |||||||||||||||
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| Total earnings and fixed charges |
$ | 1,741 | $ | 989 | $ | 2,436 | $ | 2,385 | $ | 2,407 | ||||||||||
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| Ratio of earnings to fixed charges |
2.9x | 1.7x | 3.9x | 4.2x | 4.5x | |||||||||||||||