UNITED INSURANCE HOLDINGS CORP. - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 25, 2015

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EXCEL - IDEA: XBRL DOCUMENT - UNITED INSURANCE HOLDINGS CORP.Financial_Report.xls
EX-21.1 - EXHIBIT 21.1 - UNITED INSURANCE HOLDINGS CORP.exh21131dec14.htm
EX-31.1 - EXHIBIT 31.1 - UNITED INSURANCE HOLDINGS CORP.exh31131dec14.htm
EX-32.1 - EXHIBIT 32.1 - UNITED INSURANCE HOLDINGS CORP.exh32131dec14.htm
EX-32.2 - EXHIBIT 32.2 - UNITED INSURANCE HOLDINGS CORP.exh32231dec14.htm
EX-23.1 - EXHIBIT 23.1 - UNITED INSURANCE HOLDINGS CORP.exh23131dec14.htm
EX-31.2 - EXHIBIT 31.2 - UNITED INSURANCE HOLDINGS CORP.exh31231dec14.htm
EX-10.9 - EXHIBIT 10.9 - UNITED INSURANCE HOLDINGS CORP.exh109genrexolcontract.htm
EX-2.1 - EXHIBIT 2.1 - UNITED INSURANCE HOLDINGS CORP.exh21fshfinalagreement.htm
EX-10.10 - EXHIBIT 10.10 - UNITED INSURANCE HOLDINGS CORP.exh1010swissrexolcontract.htm
EX-10.7 - EXHIBIT 10.7 - UNITED INSURANCE HOLDINGS CORP.exh1072014reinsurancecontr.htm
EX-10.8 - EXHIBIT 10.8 - UNITED INSURANCE HOLDINGS CORP.exh1082014secondeventcatxo.htm
10-K - 10-K - UNITED INSURANCE HOLDINGS CORP.a10-kdocument31dec14.htm


EXHIBIT 12.1


United Insurance Holdings Corp.
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)

Includes realized gains and losses
For the Year Ended December 31,
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings before income taxes
64,410

 
34,487

~
15,714

 
13,016

 
(1,408
)
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expensed and capitalized
410

 
367

 
355

 
548

 
1,608

Amortized premiums, discounts and capitalized expenses related to debt
—

 
—

 
—

 
—

 
159

Interest within rental expense
63

 
56

 
39

 
35

 
32

Total fixed charges
473

 
423

 
394

 
583

 
1,799

Earnings before income taxes and fixed charges
64,883

 
34,910

 
16,108

 
13,599

 
391

Ratio of earnings to fixed charges
137.28
 
82.56
 
40.89
 
23.34
 
0.22

For purposes of calculating these ratios, earnings consist of pre-tax income from continuing operations and fixed charges. Fixed charges consist of interest expensed and capitalized; amortized premiums, discounts and capitalized expenses related to debt; and estimated interest within rental expense.

We did not have any preferred stock outstanding and we did not pay or accrue any preferred stock dividends during the periods presented above.




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