UNIVERSAL AMERICAN CORP. - FORM 10-K - EX-12.1 - March 10, 2016

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Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
   2015   2014   2013   2012   2011  
 
   (in thousands, except ratios)
  

Pre-tax income (loss)—continuing operations

   $ 194   $ (30,080 ) $ (16,675 ) $ 56,569   $ (5,781 )
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Fixed charges

                                

Interest expense

   $ 4,748   $ 6,229   $ 6,496   $ 6,238   $ 2,267  

Amortization of debt costs

     2,791     1,752     1,423     1,162     123  

Imputed interest on rent expense

     2,009     2,009     1,884     1,626     1,788  
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Total fixed charges

   $ 9,548   $ 9,990   $ 9,803   $ 9,026   $ 4,178  
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Computation

                                

Total earnings and fixed charges

   $ 9,742   $ (20,090 ) $ (6,872 ) $ 65,595   $ (1,603 )
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Ratio of earnings to fixed charges(1)

     1.02     —     —     7.27     —  
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(1)
In 2014, 2013 and 2011, we incurred losses from continuing operations. As a result, our earnings were insufficient to cover our fixed charges by approximately $30 million, $17 million and $6 million in 2014, 2013 and 2011, respectively.



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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

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