##### 



Exhibit 12
 AMERUS GROUP CO.
 Three Months Ended March 31,
    
    Years Ended December 31,2006
    
    2005
    
    2005
    
    2004
    
    2003
    
    2002
    
    2001EarningsPre-tax income from continuing operations
    
    $
    121,562
    
    
    $
    63,185
    
    
    $
    260,347
    
    
    $
    228,294
    
    
    $
    239,238
    
    
    $
    89,157
    
    
    $
    119,377Less: Income (loss) from equity investees
    
    
    2,847
    
    
    
    1,410
    
    
    
    12,161
    
    
    
    8,105
    
    
    
    12,563
    
    
    
    (3,993
    )
    
    
    5,072Add: Distributed income from equity investees
    
    
    144
    
    
    
    47
    
    
    
    1,912
    
    
    
    564
    
    
    
    1,521
    
    
    
    2,591
    
    
    
    7,730118,859
    
    
    
    61,822
    
    
    
    250,098
    
    
    
    220,753
    
    
    
    228,196
    
    
    
    95,741
    
    
    
    122,035Combined Fixed Charges and Preferred Stock Dividends
    
    
    133,710
    
    
    
    92,673
    
    
    
    562,900
    
    
    
    556,985
    
    
    
    570,646
    
    
    
    492,093
    
    
    
    371,667Less: Preferred stock dividends not included in pre-tax income
    
    
    2,719
    
    
    
    
    
    
    
    2,417
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Less: Tax gross up on preferred stock dividends
    
    
    1,366
    
    
    
    
    
    
    
    874
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total Earnings
    
    $
    248,484
    
    
    $
    154,495
    
    
    $
    809,707
    
    
    $
    777,738
    
    
    $
    798,842
    
    
    $
    587,834
    
    
    $
    493,702Combined Fixed ChargesInterest credited to policyowners
    
    $
    120,385
    
    
    $
    84,447
    
    
    $
    506,612
    
    
    $
    523,231
    
    
    $
    538,622
    
    
    $
    464,022
    
    
    $
    341,575Interest expense on debt
    
    
    8,665
    
    
    
    7,780
    
    
    
    32,173
    
    
    
    32,120
    
    
    
    30,154
    
    
    
    25,487
    
    
    
    26,011Early extinguishment of debt
    
    
    
    
    
    
    
    
    
    
    19,082
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Amortization of debt issuance costs
    
    
    314
    
    
    
    236
    
    
    
    878
    
    
    
    928
    
    
    
    1,137
    
    
    
    985
    
    
    
    3,155Estimate of interest within rental expense
    
    
    261
    
    
    
    210
    
    
    
    864
    
    
    
    706
    
    
    
    733
    
    
    
    1,599
    
    
    
    926Preferred stock dividends
    
    
    2,719
    
    
    
    
    
    
    
    2,417
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Tax gross up on preferred stock dividends
    
    
    1,366
    
    
    
    
    
    
    
    874
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Total Combined Fixed Charges and Preferred Stock Dividends
    
    $
    133,710
    
    
    $
    92,673
    
    
    $
    562,900
    
    
    $
    556,985
    
    
    $
    570,646
    
    
    $
    492,093
    
    
    $
    371,667Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
    
    
    1.86
    
    
    
    1.67
    
    
    
    1.44
    
    
    
    1.40
    
    
    
    1.40
    
    
    
    1.19
    
    
    
    1.33
 42