Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - National General Holdings Corp. | nghc20152q10-q.htm |
| EX-31.1 - EXHIBIT 31.1 - National General Holdings Corp. | nghc6302015ex311.htm |
| EX-32.1 - EXHIBIT 32.1 - National General Holdings Corp. | nghc6302015ex321.htm |
| EX-31.2 - EXHIBIT 31.2 - National General Holdings Corp. | nghc6302015ex312.htm |
| EX-32.2 - EXHIBIT 32.2 - National General Holdings Corp. | nghc6302015ex322.htm |
EXHIBIT 12.1
National General Holdings Corp.
Computation of Ratio of Earnings to Fixed Charges
(Amounts in Thousands)
Six Months Ended June 30, | Fiscal Year Ended | Period from March 1, 2010 (inception) to December 31, | ||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||
Earnings | ||||||||||||||||||||||||
Pretax income from continuing operations before adjustment for income or loss from equity investees | $ | 88,920 | $ | 127,443 | $ | 52,257 | $ | 46,353 | $ | 48,655 | $ | 140,743 | ||||||||||||
Fixed charges | 17,681 | 17,736 | 2,042 | 1,787 | 1,994 | 1,795 | ||||||||||||||||||
$ | 106,601 | $ | 145,179 | $ | 54,299 | $ | 48,140 | $ | 50,649 | $ | 142,538 | |||||||||||||
Less: | ||||||||||||||||||||||||
Interest capitalized | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||
Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges | 44 | (2 | ) | 82 | — | 14 | — | |||||||||||||||||
44 | (2 | ) | 82 | — | 14 | — | ||||||||||||||||||
Total Earnings | $ | 106,557 | $ | 145,181 | $ | 54,217 | $ | 48,140 | $ | 50,635 | $ | 142,538 | ||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expensed and capitalized, and amortized premiums, discounts and capitalized expenses related to indebtedness | 17,681 | 17,736 | 2,042 | 1,787 | 1,994 | 1,795 | ||||||||||||||||||
Expense of the interest within rental expense(1) | — | — | — | — | — | — | ||||||||||||||||||
Total Fixed Charges | $ | 17,681 | $ | 17,736 | $ | 2,042 | $ | 1,787 | $ | 1,994 | $ | 1,795 | ||||||||||||
Ratio of Earnings to Fixed Charges | 6.03 | 8.19 | 26.55 | 26.94 | 25.39 | 79.41 | ||||||||||||||||||
(1) Deemed to be immaterial