Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - AMBAC FINANCIAL GROUP INC | a02-014ambcex32x1x1q1810q.htm |
| EX-31.2 - EXHIBIT 31.2 - AMBAC FINANCIAL GROUP INC | a02-014ambcex31x2x1q1810q.htm |
| EX-31.1 - EXHIBIT 31.1 - AMBAC FINANCIAL GROUP INC | a02-014ambcex31x1x1q1810q.htm |
| EX-10.5 - EXHIBIT 10.5 - AMBAC FINANCIAL GROUP INC | a02-014ambcex105x1q1810q.htm |
| EX-10.4 - EXHIBIT 10.4 - AMBAC FINANCIAL GROUP INC | a02-014ambcex104x1q1810q.htm |
| EX-10.3 - EXHIBIT 10.3 - AMBAC FINANCIAL GROUP INC | a02-014ambcex103x1q1810q.htm |
| EX-10.2 - EXHIBIT 10.2 - AMBAC FINANCIAL GROUP INC | a02-014ambcex102x1q1810q.htm |
| EX-10.1 - EXHIBIT 10.1 - AMBAC FINANCIAL GROUP INC | a02-014ambcex101x1q1810q.htm |
| 10-Q - 10-Q - AMBAC FINANCIAL GROUP INC | a02-014ambcx20180331x10q.htm |
Exhibit 12.1
AMBAC FINANCIAL GROUP, INC.
RATIOS OF EARNINGS TO FIXED CHARGES
Three Months Ended March 31, 2018 | ||||||||||||||||||||
Year Ended December 31, | ||||||||||||||||||||
($ in thousands, except ratios) | 2017 | 2016 | 2015 | 2014 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Pre-tax income (loss) | $ | 308,309 | $ | (284,251 | ) | $ | 105,026 | $ | 510,058 | $ | 493,253 | |||||||||
Fixed Charges | 47,866 | 114,306 | 119,503 | 115,016 | 127,754 | |||||||||||||||
Earnings | $ | 356,175 | $ | (169,945 | ) | $ | 224,529 | $ | 625,074 | $ | 621,007 | |||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 47,300 | $ | 113,400 | $ | 118,500 | $ | 113,100 | $ | 125,891 | ||||||||||
Portion of rental expense deemed to be interest | 566 | 906 | 1,003 | 1,916 | 1,863 | |||||||||||||||
Fixed charges | $ | 47,866 | $ | 114,306 | $ | 119,503 | $ | 115,016 | $ | 127,754 | ||||||||||
Ratio of earnings to fixed charges | 7.4 | x | * | 1.9 | x | 5.4 | x | 4.9 | x | |||||||||||
* | Earnings were inadequate to cover fixed charges by $284,251 for the year ended December 31, 2017. |