##### 



Exhibit 12
 AMERUS GROUP CO.
 Nine Months Ended September 30,
    
    
    Years Ended December 31,2005
    
    
    2004
    
    
    2004
    
    
    2003
    
    
    2002
    
    
    2001
    
    
    2000($ in thousands)EarningsPre-tax income from continuing operations
    
    $
    182,920
    
    
    $
    147,452
    
    
    $
    228,294
    
    
    $
    239,238
    
    
    $
    89,157
    
    
    $
    119,377
    
    
    $
    115,737Less: Minority interest
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    21,677Less: Income (loss) from equity investees
    
    
    6,297
    
    
    
    7,678
    
    
    
    8,105
    
    
    
    12,563
    
    
    
    (3,993
    )
    
    
    5,072
    
    
    
    3,481Add: Distributed income from equity investees
    
    
    331
    
    
    
    1,302
    
    
    
    564
    
    
    
    1,521
    
    
    
    2,591
    
    
    
    7,730
    
    
    
    4,449176,954
    
    
    
    141,076
    
    
    
    220,753
    
    
    
    228,196
    
    
    
    95,741
    
    
    
    122,035
    
    
    
    95,028Combined Fixed Charges and Preferred Stock Dividends
    
    
    411,749
    
    
    
    375,645
    
    
    
    556,985
    
    
    
    570,646
    
    
    
    492,093
    
    
    
    371,667
    
    
    
    344,363Less: 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
    
    
    $
    439,391Combined Fixed ChargesInterest credited to policyowners
    
    $
    367,669
    
    
    $
    350,275
    
    
    $
    523,231
    
    
    $
    538,622
    
    
    $
    464,022
    
    
    $
    341,575
    
    
    $
    312,008Interest expense on debt
    
    
    23,696
    
    
    
    24,144
    
    
    
    32,120
    
    
    
    30,154
    
    
    
    25,487
    
    
    
    26,011
    
    
    
    29,723Early extinguishment of debt
    
    
    19,082
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Amortization of debt issuance costs
    
    
    681
    
    
    
    696
    
    
    
    928
    
    
    
    1,137
    
    
    
    985
    
    
    
    3,155
    
    
    
    1,833Estimate of interest within rental expense
    
    
    621
    
    
    
    530
    
    
    
    706
    
    
    
    733
    
    
    
    1,599
    
    
    
    926
    
    
    
    799Preferred 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
    
    
    $
    344,363Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
    
    
    1.43
    
    
    
    1.38
    
    
    
    1.40
    
    
    
    1.40
    
    
    
    1.19
    
    
    
    1.33
    
    
    
    1.28