| Nine Months Ended September 30, | Years Ended December 31, | |||||||||||||||||||||||||||
| 2005 | 2004 | 2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||||||||||
| ($ in thousands) | ||||||||||||||||||||||||||||
Earnings |
||||||||||||||||||||||||||||
Pre-tax income from continuing operations |
$ | 182,920 | $ | 147,452 | $ | 228,294 | $ | 239,238 | $ | 89,157 | $ | 119,377 | $ | 115,737 | ||||||||||||||
Less: Minority interest |
— | — | — | — | — | — | 21,677 | |||||||||||||||||||||
Less: Income (loss) from equity investees |
6,297 | 7,678 | 8,105 | 12,563 | (3,993 | ) | 5,072 | 3,481 | ||||||||||||||||||||
Add: Distributed income from equity investees |
331 | 1,302 | 564 | 1,521 | 2,591 | 7,730 | 4,449 | |||||||||||||||||||||
| 176,954 | 141,076 | 220,753 | 228,196 | 95,741 | 122,035 | 95,028 | ||||||||||||||||||||||
Combined Fixed Charges and Preferred Stock Dividends |
411,749 | 375,645 | 556,985 | 570,646 | 492,093 | 371,667 | 344,363 | |||||||||||||||||||||
Less: Preferred stock dividends not included in pre-tax income |
— | — | — | — | — | — | — | |||||||||||||||||||||
Less: Tax gross up on preferred stock dividends |
— | — | — | — | — | — | — | |||||||||||||||||||||
Total Earnings |
$ | 588,703 | $ | 516,721 | $ | 777,738 | $ | 798,842 | $ | 587,834 | $ | 493,702 | $ | 439,391 | ||||||||||||||
Combined Fixed Charges |
||||||||||||||||||||||||||||
Interest credited to policyowners |
$ | 367,669 | $ | 350,275 | $ | 523,231 | $ | 538,622 | $ | 464,022 | $ | 341,575 | $ | 312,008 | ||||||||||||||
Interest expense on debt |
23,696 | 24,144 | 32,120 | 30,154 | 25,487 | 26,011 | 29,723 | |||||||||||||||||||||
Early extinguishment of debt |
19,082 | — | — | — | — | — | — | |||||||||||||||||||||
Amortization of debt issuance costs |
681 | 696 | 928 | 1,137 | 985 | 3,155 | 1,833 | |||||||||||||||||||||
Estimate of interest within rental expense |
621 | 530 | 706 | 733 | 1,599 | 926 | 799 | |||||||||||||||||||||
Preferred stock dividends |
— | — | — | — | — | — | — | |||||||||||||||||||||
Tax gross up on preferred stock dividends |
— | — | — | — | — | — | — | |||||||||||||||||||||
Total Combined Fixed Charges and Preferred Stock Dividends |
$ | 411,749 | $ | 375,645 | $ | 556,985 | $ | 570,646 | $ | 492,093 | $ | 371,667 | $ | 344,363 | ||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
1.43 | 1.38 | 1.40 | 1.40 | 1.19 | 1.33 | 1.28 | |||||||||||||||||||||