Annual Report — Form 10-K
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 10-K Conseco, Inc. 1993 Form 10-K 114 572K
4: EX-10.18.20 Exhibit 10.18.20 to Conseco, Inc. 1993 Form 10-K 9 50K
5: EX-10.18.21 Exhibit 10.18.21 to Conseco, Inc. 1993 Form 10-K 13 64K
6: EX-10.18.22 Exhibit 10.18.22 to Conseco, Inc. 1993 Form 10-K 13 59K
7: EX-10.18.23 Exhibit 10.18.23 to Conseco, Inc. 1993 Form 10-K 5 30K
8: EX-10.18.24 Exhibit 10.18.24 to Conseco, Inc. 1993 Form 10-K 7 29K
9: EX-10.18.25 Exhibit 10.18.25 to the Conseco, Inc. 1993 Form 9 50K
10-K
10: EX-10.23.1 Exhibit 10.23.1 to Conseco, Inc. 1993 Form 10-K 10 31K
11: EX-10.24.1 Exhibit 10.24.1 Conseco, Inc. 1993 Form 10-K 8 31K
12: EX-10.25 Exhibit 10.25 to Conseco, Inc. 1993 Form 10-K 18 89K
13: EX-10.32 Exhibit 10.32 to Conseco, Inc. 1993 Form 10-K 35 146K
14: EX-10.33.1 Exhibit 10.33.1 to Conseco, Inc. 1993 Form 10-K 30 162K
15: EX-10.33.2 Exhibit 10.33.2 to Conseco, Inc. 1993 Form 10-K 27 145K
16: EX-10.34 Exhibit 10-34 to Conseco, Inc. 1993 Form 10-K 18 84K
2: EX-10.8.5 Exhibit 10.8.5 to Conseco, Inc. 1993 Form 10-K 2± 10K
3: EX-10.8.6 Exhibit 10.8.6 to Conseco, Inc. 1993 Form 10-K 2± 12K
17: EX-11.1 Exhibit 11.1 to Conseco, Inc. 1993 Form 10-K 2± 12K
18: EX-11.2 Exhibit 11.2 to Conseco, Inc. 1993 Form 10-K 1 11K
19: EX-12.1 Exhibit 12.1 to Conseco, Inc. 1993 Form 10-K 2± 14K
20: EX-12.2 Exhibit 12.2 to Conseco, Inc. 1993 Form 10-K 2± 14K
21: EX-21 Exhibit 21 to Conseco, Inc. 1993 Form 10-K 1 9K
22: EX-23 Exhibit 23 to Conseco, Inc. 1993 Form 10-K 1 9K
EX-12.1 — Exhibit 12.1 to Conseco, Inc. 1993 Form 10-K
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CONSECO, INC. AND SUBSIDIARIES
Exhibit 12.1
[Enlarge/Download Table]
Computation of Ratio of Earnings to Fixed Charges
and Preferred Dividends
for the years ended December 31, 1993, 1992 and 1991
(Dollars in millions)
1993 1992 1991
---- ---- ----
Pretax income from operations:
Net income $297.0 $169.5 $116.0
Add income tax expense 223.1 124.6 78.2
Add extraordinary charge on extinguishment of debt 11.9 5.3 5.0
Add minority interest 78.2 30.6 24.0
Less equity in undistributed earnings of CCP Insurance, Inc. (36.6) (15.8) -
Less gain on sale of stock by subsidiaries (101.5) (11.1) -
Less incentive earnings allocation from the Partnership (36.6) (9.3) -
Less equity in undistributed
earnings of Life Re - (11.3) (9.3)
----- ----- -----
Pretax income 435.5 282.5 213.9
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Add fixed charges:
Interest expense on annuities and financial products 408.5 506.8 576.7
Interest expense on long-term debt, including amortization 58.0 46.2 69.9
Interest expense on investment borrowings 10.6 8.8 17.1
Other .6 .8 .4
Portion of rental(1) 3.9 2.0 1.2
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Fixed charges 481.6 564.6 665.3
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Adjusted earnings $917.1 $847.1 $879.2
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Ratio of earnings to fixed charges 1.90X 1.50X 1.32X
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Ratio of earnings to fixed charges, excluding
interest on annuities and financial products 6.96X 5.89X 3.41X
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Fixed charges $481.6 $564.6 $665.3
Add dividends on preferred stock (multiplied by the rate
of pretax income to income before minority interest
and extraordinary charge) 34.6 13.1 13.9
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Adjusted fixed charges 516.2 577.7 679.2
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Adjusted earnings $917.1 $847.1 $879.2
----- ----- -----
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Ratio of earnings to fixed
charges and preferred dividends 1.78X 1.47X 1.29X
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Ratio of earnings to fixed charges and
preferred dividends, excluding interest
on annuities and financial products 4.72X 4.80X 2.95X
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<FN>
(1) Interest portion of rental is assumed to be 33 percent.
Dates Referenced Herein and Documents Incorporated by Reference
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