Attached files
| file | filename |
|---|---|
| EX-5.2 - EX-5.2 - Global Indemnity Group, LLC | d366190dex52.htm |
| EX-5.1 - EX-5.1 - Global Indemnity Group, LLC | d366190dex51.htm |
| EX-4.3 - EX-4.3 - Global Indemnity Group, LLC | d366190dex43.htm |
| EX-1.1 - EX-1.1 - Global Indemnity Group, LLC | d366190dex11.htm |
| 8-K - FORM 8-K - Global Indemnity Group, LLC | d366190d8k.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| ($ in thousands) | Fiscal Year Ended December 31, | |||||||||||||||||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
| Net Income (loss) |
$ | 49,868 | $ | 41,469 | $ | 62,856 | $ | 61,690 | $ | 34,757 | ||||||||||
| Income Tax Expense (benefit) |
(2,250 | ) | (8,723 | ) | 8,338 | 1,019 | (5,856 | ) | ||||||||||||
| Fixed Charges |
$ | 10,126 | $ | 6,068 | $ | 1,680 | $ | 6,940 | $ | 6,088 | ||||||||||
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| Earnings |
$ | 57,744 | $ | 38,814 | $ | 72,874 | $ | 69,649 | $ | 34,989 | ||||||||||
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| Interest Costs |
$ | 8,905 | $ | 4,913 | $ | 822 | $ | 6,169 | $ | 5,393 | ||||||||||
| Operating Lease Expense |
3,700 | 3,500 | 2,600 | 2,335 | 2,105 | |||||||||||||||
| Portion of rental expense representative of the interest factor (a) |
1,221 | 1,155 | 858 | 771 | 695 | |||||||||||||||
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| Total Fixed Charges |
$ | 10,126 | $ | 6,068 | $ | 1,680 | $ | 6,940 | $ | 6,088 | ||||||||||
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| Ratio of Earnings to Fixed Charges |
5.7 | 6.4 | 43.4 | 10.0 | 5.7 | |||||||||||||||
| (a) | One-third of net rent expense is the portion of rental expense deemed representative of the interest factor. |