Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - HCC INSURANCE HOLDINGS INC/DE/ | h72709e10vq.htm |
| EX-31.2 - EX-31.2 - HCC INSURANCE HOLDINGS INC/DE/ | h72709exv31w2.htm |
| EX-31.1 - EX-31.1 - HCC INSURANCE HOLDINGS INC/DE/ | h72709exv31w1.htm |
| EX-32.1 - EX-32.1 - HCC INSURANCE HOLDINGS INC/DE/ | h72709exv32w1.htm |
Exhibit 12
HCC Insurance Holdings, Inc. and Subsidiaries
Statement of Ratio of Earnings to Fixed Charges
Statement of Ratio of Earnings to Fixed Charges
(unaudited, in thousands)
| Three months ended March 31, | ||||||||
| 2010 | 2009 | |||||||
Interest factor of rent expense (1) |
$ | 1,368 | $ | 1,264 | ||||
Interest expense |
5,390 | 4,639 | ||||||
Capitalized interest |
— | 51 | ||||||
Total fixed charges |
$ | 6,758 | $ | 5,954 | ||||
Earnings before income tax expense |
$ | 103,025 | $ | 122,843 | ||||
Interest factor of rent expense (1) |
1,368 | 1,264 | ||||||
Interest expense |
5,390 | 4,639 | ||||||
Earnings per calculation |
$ | 109,783 | $ | 128,746 | ||||
Ratio of earnings to fixed charges (2) |
16.24 | 21.62 | ||||||
| (1) | Estimated to be 33% of total rent expense. | |
| (2) | Earnings per calculation divided by total fixed charges. |