Attached files
| file | filename |
|---|---|
| 8-K - 8-K - OLD REPUBLIC INTERNATIONAL CORP | a16-16962_48k.htm |
Exhibit 12.1
OLD REPUBLIC INTERNATIONAL CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
($ in thousands)
|
|
|
June 30, |
|
Years Ended December 31, |
| ||||||||
|
ACTUAL |
|
2016 |
|
2015 |
|
2014 |
|
2013 |
|
2012 |
|
2011 |
|
|
EARNINGS AVAILABLE FOR FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (loss) from continuing operations before income taxes (credits) |
|
331,169 |
|
631,823 |
|
609,485 |
|
672,952 |
|
(128,572 |
) |
(236,707 |
) |
|
Adjustment - income from equity investees |
|
(433 |
) |
(1,431 |
) |
(2,968 |
) |
(5,643 |
) |
(9,199 |
) |
(1,293 |
) |
|
Adjustment - distributed income of equity investees |
|
367 |
|
441 |
|
411 |
|
708 |
|
500 |
|
523 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
21,609 |
|
42,936 |
|
28,365 |
|
23,197 |
|
34,674 |
|
51,130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
352,712 |
|
673,769 |
|
635,293 |
|
691,214 |
|
(102,597 |
) |
(186,347 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED CHARGES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expensed and capitalized |
|
21,609 |
|
42,936 |
|
28,365 |
|
23,197 |
|
34,674 |
|
51,130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,609 |
|
42,936 |
|
28,365 |
|
23,197 |
|
34,674 |
|
51,130 |
|
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
16.32 |
|
15.69 |
|
22.40 |
|
29.80 |
|
NM |
|
NM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DEFICIENCY |
|
N/A |
|
N/A |
|
N/A |
|
N/A |
|
137,271 |
|
237,477 |
|