Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - TRAVELERS COMPANIES, INC. | trv-9302018xex322.htm |
| EX-32.1 - EXHIBIT 32.1 - TRAVELERS COMPANIES, INC. | trv-9302018xex321.htm |
| EX-31.2 - EXHIBIT 31.2 - TRAVELERS COMPANIES, INC. | trv-9302018xex312.htm |
| EX-31.1 - EXHIBIT 31.1 - TRAVELERS COMPANIES, INC. | trv-9302018xex311.htm |
| 10-Q - 10-Q - TRAVELERS COMPANIES, INC. | trv-9302018x10q.htm |
Exhibit 12.1
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||
(dollars in millions) | 2018 | 2017 | 2018 | 2017 | ||||||||||||
Income before income taxes | $ | 806 | $ | 320 | $ | 2,215 | $ | 1,870 | ||||||||
Interest | 86 | 95 | 265 | 276 | ||||||||||||
Portion of rentals deemed to be interest | 15 | 16 | 46 | 46 | ||||||||||||
Income available for fixed charges | $ | 907 | $ | 431 | $ | 2,526 | $ | 2,192 | ||||||||
Fixed charges: | ||||||||||||||||
Interest | $ | 86 | $ | 95 | $ | 265 | $ | 276 | ||||||||
Portion of rentals deemed to be interest | 15 | 16 | 46 | 46 | ||||||||||||
Total fixed charges | $ | 101 | $ | 111 | $ | 311 | $ | 322 | ||||||||
Ratio of earnings to fixed charges | 8.93 | 3.89 | 8.10 | 6.81 | ||||||||||||
The ratio of earnings to fixed charges is computed by dividing income available for fixed charges by the total fixed charges. For purposes of this ratio, fixed charges consist of interest and that portion of rentals deemed representative of the appropriate interest factor.
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