Attached files
| file | filename |
|---|---|
| EX-10.5 - EXHIBIT 10.5 - AMBAC FINANCIAL GROUP INC | a02-007ambcex105xtavakoli2.htm |
| EX-31.1 - EXHIBIT 31.1 - AMBAC FINANCIAL GROUP INC | a02-007ambcex31x1x1q201610q.htm |
| EX-32.1 - EXHIBIT 32.1 - AMBAC FINANCIAL GROUP INC | a02-007ambcex32x1x1q201610q.htm |
| 10-Q - 10-Q - AMBAC FINANCIAL GROUP INC | a02-007ambcx20160331x10q.htm |
| EX-31.2 - EXHIBIT 31.2 - AMBAC FINANCIAL GROUP INC | a02-007ambcex31x2x1q201610q.htm |
Exhibit 12.1
AMBAC FINANCIAL GROUP, INC.
RATIOS OF EARNINGS TO FIXED CHARGES
Successor | Predecessor | ||||||||||||||||||||||||
Three Months Ended | Period from May 1 through | Period from January 1 through | |||||||||||||||||||||||
Year Ended | Year Ended December 31, | ||||||||||||||||||||||||
(in Thousands, except ratios) | March 31, 2016 | December 31, 2014 | December 31, 2013 | April 30, 2013 | 2012 | 2011 | |||||||||||||||||||
Earnings: | |||||||||||||||||||||||||
Pre-tax income (loss) | $ | 12,854 | $ | 493,253 | $ | 512,316 | $ | 3,348,033 | $ | (256,505 | ) | $ | (1,882,949 | ) | |||||||||||
Fixed Charges | 29,485 | 127,754 | 84,736 | 30,342 | 107,724 | 122,324 | |||||||||||||||||||
Earnings | $ | 42,339 | $ | 621,007 | $ | 597,052 | $ | 3,378,375 | $ | (148,781 | ) | $ | (1,760,625 | ) | |||||||||||
Fixed charges: | |||||||||||||||||||||||||
Interest expense | $ | 28,900 | $ | 125,891 | $ | 83,595 | $ | 29,718 | $ | 105,973 | $ | 119,997 | |||||||||||||
Portion of rental expense deemed to be interest | 585 | 1,863 | 1,141 | 624 | 1,751 | 2,327 | |||||||||||||||||||
Fixed charges | $ | 29,485 | $ | 127,754 | $ | 84,736 | $ | 30,342 | $ | 107,724 | $ | 122,324 | |||||||||||||
Ratio of earnings to fixed charges | 1.4 | x | 4.9 | x | 7.0 | x | 111.3 | x | * | * | |||||||||||||||
* | Earning for the years ended December 31, 2012 and 2011 were inadequate to cover fixed charges by $256,505 and $1,882,949, respectively. |