Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - BERKLEY W R CORP | d769688d8k.htm |
| EX-1.1 - EX-1.1 - BERKLEY W R CORP | d769688dex11.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
| Three Months Ended March 31, |
Year Ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
| (Dollars in thousands, except ratios) | ||||||||||||||||||||||||
| Income before income taxes and cumulative effect of change in accounting principle, but after noncontrolling interest |
$ | 247,574 | $ | 693,512 | $ | 701,877 | $ | 513,156 | $ | 598,631 | $ | 379,855 | ||||||||||||
| Add: |
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| Portion of rents representative of the interest factor |
3,729 | 14,917 | 12,726 | 11,001 | 9,979 | 9,356 | ||||||||||||||||||
| Interest expense |
30,330 | 123,177 | 126,302 | 112,512 | 106,969 | 87,989 | ||||||||||||||||||
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| Income as adjusted |
$ | 281,633 | $ | 831,606 | $ | 840,905 | $ | 36,669 | $ | 715,579 | $ | 477,200 | ||||||||||||
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| Fixed charges: |
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| Interest expense |
$ | 30,330 | $ | 123,177 | $ | 126,302 | $ | 112,512 | $ | 106,969 | $ | 87,989 | ||||||||||||
| Portion of rents representative of the interest factor |
3,729 | 14,917 | 12,726 | 11,001 | 9,979 | 9,356 | ||||||||||||||||||
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| Total |
$ | 34,059 | $ | 138,094 | $ | 139,028 | $ | 123,513 | $ | 116,948 | $ | 97,345 | ||||||||||||
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| Ratio of Earnings to Fixed Charges |
8.3 | 6.0 | 6.0 | 5.2 | 6.1 | 4.9 | ||||||||||||||||||
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