
This excerpt taken from the PFG 10Q filed Oct 31, 2007. Ratio of Earnings to Fixed Charges
The ratio of earnings to fixed charges is a measure of our ability to cover fixed costs with current period earnings. A high ratio indicates that earnings are sufficiently covering committed expenses. The following table sets forth, for the periods indicated, our ratios of:
• earnings to fixed charges before interest credited on investment products; and
• earnings to fixed charges.
We calculate the ratio of “earnings to fixed charges before interest credited on investment products” by dividing the sum of income from continuing operations before income taxes (BT), interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) by the sum of interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD) and dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D). The formula for this ratio is: (BT+I+IFE)/(I+IF+PD+D).
We calculate the ratio of “earnings to fixed charges” by dividing the sum of income from continuing operations before income taxes (BT), interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) and the addition of interest credited on investment products (IC) by interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD), dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D) and interest credited on investment products (IC). The formula for this calculation is: (BT+I+IFE+IC)/(I+IF+PD+D+IC). “Interest credited on investment products” includes interest paid on guaranteed investment contracts, funding agreements and other investmentonly pension products. Similar to debt, these products have a total fixed return and a fixed maturity date.
This excerpt taken from the PFG 10Q filed Aug 1, 2007. Ratio of Earnings to Fixed Charges The ratio of earnings to fixed charges is a measure of our ability to cover fixed costs with current period earnings. A high ratio indicates that earnings are sufficiently covering committed expenses. The following table sets forth, for the periods indicated, our ratios of: · earnings to fixed charges before interest credited on investment products; and · earnings to fixed charges. 55 We calculate the ratio of “earnings to fixed charges before interest credited on investment products” by dividing the sum of income from continuing operations before income taxes (BT), interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) by the sum of interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD) and dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D). The formula for this ratio is: (BT+I+IFE)/(I+IF+PD+D). We calculate the ratio of “earnings to fixed charges” by dividing the sum of income from continuing operations before income taxes (BT), interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) and the addition of interest credited on investment products (IC) by interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD), dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D) and interest credited on investment products (IC). The formula for this calculation is: (BT+I+IFE+IC)/(I+IF+PD+D+IC). “Interest credited on investment products” includes interest paid on guaranteed investment contracts, funding agreements and other investmentonly pension products. Similar to debt, these products have a total fixed return and a fixed maturity date.
This excerpt taken from the PFG 10Q filed May 2, 2007. Ratio of Earnings to Fixed Charges The ratio of earnings to fixed charges is a measure of our ability to cover fixed costs with current period earnings. A high ratio indicates that earnings are sufficiently covering committed expenses. The following table sets forth, for the periods indicated, our ratios of: · earnings to fixed charges before interest credited on investment products; and · earnings to fixed charges. We calculate the ratio of “earnings to fixed charges before interest credited on investment products” by dividing the sum of income from continuing operations before income taxes (BT), interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) by the sum of interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD) and dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D). The formula for this ratio is: (BT+I+IFE)/(I+IF+PD+D). We calculate the ratio of “earnings to fixed charges” by dividing the sum of income from continuing operations before income taxes (BT), interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) and the addition of interest credited on investment products (IC) by interest expense, which includes interest expense incurred on uncertain tax positions (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD), dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D) and interest credited on investment products (IC). The formula for this calculation is: (BT+I+IFE+IC)/(I+IF+PD+D+IC). “Interest credited on investment products” includes interest paid on guaranteed investment contracts, funding agreements and other investmentonly pension products. Similar to debt, these products have a total fixed 47 return and a fixed maturity date.
This excerpt taken from the PFG 10K filed Feb 28, 2007. Ratio of Earnings to Fixed Charges The ratio of earnings to fixed charges is a measure of our ability to cover fixed costs with current period earnings. A high ratio indicates that earnings are sufficiently covering committed expenses. The following table sets forth, for the years indicated, our ratios of:
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We calculate the ratio of "earnings to fixed charges before interest credited on investment products" by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) by the sum of interest expense (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD) and dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D). The formula for this ratio is: (BT+I+IFE)/(I+IF+PD+D). We calculate the ratio of "earnings to fixed charges" by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) and the addition of interest credited on investment products (IC) by interest expense (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD), dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D) and interest credited on investment products (IC). The formula for this ratio is: (BT+I+IFE+IC)/(I+IF+PD+D+IC). "Interest credited on investment products" includes interest paid on guaranteed investment contracts, funding agreements and other investmentonly pension products. Similar to debt, these products have a total fixed return and a fixed maturity date. This excerpt taken from the PFG 10Q filed Nov 1, 2006. Ratio of Earnings to Fixed Charges The ratio of earnings to fixed charges is a measure of our ability to cover fixed costs with current period earnings. A high ratio indicates that earnings are sufficiently covering committed expenses. The following table sets forth, for the periods indicated, our ratios of: · earnings to fixed charges before interest credited on investment products; and · earnings to fixed charges. We calculate the ratio of “earnings to fixed charges before interest credited on investment products” by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) by the sum of interest expense (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD) and dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D). The formula for this ratio is: (BT+I+IFE)/(I+IF+PD+D). We calculate the ratio of “earnings to fixed charges” by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) and the addition of interest credited on investment products (IC) by interest expense (I), interest factor of rental expense (IF), preferred stock dividends by the registrant (PD), dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D) and interest credited on investment products (IC). The formula for this calculation is: (BT+I+IFE+IC)/(I+IF+PD+D+IC). “Interest credited on investment products” includes interest paid on guaranteed investment contracts, funding agreements and other investmentonly pension products. Similar to debt, these products have a total fixed return and a fixed maturity date.
67 This excerpt taken from the PFG 10Q filed Aug 2, 2006. Ratio of Earnings to Fixed Charges The ratio of earnings to fixed charges is a measure of our ability to cover fixed costs with current period earnings. A high ratio indicates that earnings are sufficiently covering committed expenses. The following table sets forth, for the periods indicated, our ratios of: · earnings to fixed charges before interest credited on investment products; and · earnings to fixed charges. We calculate the ratio of “earnings to fixed charges before interest credited on investment products” by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) by the sum of interest expense (I), interest factor of rental expense (IF) and dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D). The formula for this ratio is: (BT+I+IFE)/(I+IF+D). We calculate the ratio of “earnings to fixed charges” by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) and the addition of interest credited on investment products (IC) by interest expense (I), interest factor of rental expense (IF), dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D) and interest credited on investment products (IC). The formula for this calculation is: (BT+I+IFE+IC)/(I+IF+D+IC). “Interest credited on investment products” includes interest paid on guaranteed investment contracts, funding agreements and other investmentonly pension products. Similar to debt, these products have a total fixed return and a fixed maturity date.
This excerpt taken from the PFG 10Q filed May 4, 2006. Ratio of Earnings to Fixed Charges
The ratio of earnings to fixed charges is a measure of our ability to cover fixed costs with current period earnings. A high ratio indicates that earnings are sufficiently covering committed expenses. The following table sets forth, for the years indicated, our ratios of:
• earnings to fixed charges before interest credited on investment products; and
• earnings to fixed charges.
We calculate the ratio of “earnings to fixed charges before interest credited on investment products” by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) by the sum of interest expense (I), interest factor of rental expense (IF) and dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D). The formula for this ratio is: (BT+I+IFE)/(I+IF+D).
We calculate the ratio of “earnings to fixed charges” by dividing the sum of income from continuing operations before income taxes (BT), interest expense (I), interest factor of rental expense (IF) less undistributed income from equity investees (E) and the addition of interest credited on investment products (IC) by interest expense (I), interest factor of rental expense (IF), dividends on majorityowned subsidiary redeemable preferred securities (nonintercompany) (D) and interest credited on investment products (IC). The formula for this calculation is: (BT+I+IFE+IC)/(I+IF+D+IC). “Interest credited on investment products” includes interest paid on guaranteed investment contracts, funding agreements and other investmentonly pension products. Similar to debt, these products have a total fixed return and a fixed maturity date.
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