Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - BERKLEY W R CORP | d140339d8k.htm |
| EX-1.1 - EX-1.1 - BERKLEY W R CORP | d140339dex11.htm |
| EX-8.1 - EX-8.1 - BERKLEY W R CORP | d140339dex81.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
| Three Months Ended March 31, 2016 |
Year Ended December 31, | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
| (Dollars in thousands, except ratio) | ||||||||||||||||||||||||
| Income before income taxes and cumulative effect of change in accounting principle, but after noncontrolling interest |
$ | 173,939 | $ | 731,617 | $ | 951,477 | $ | 693,512 | $ | 701,877 | $ | 513,156 | ||||||||||||
| Add: |
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| Portion of rents representative of the interest factor |
3,856 | 15,424 | 15,066 | 14,917 | 12,726 | 11,001 | ||||||||||||||||||
| Interest expense |
32,224 | 130,946 | 128,174 | 123,177 | 126,302 | 112,512 | ||||||||||||||||||
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| Income as adjusted |
$ | 210,019 | $ | 877,987 | $ | 1,094,717 | $ | 831,606 | $ | 840,905 | $ | 636,669 | ||||||||||||
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| Fixed charges: |
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| Interest expense |
$ | 32,224 | $ | 130,946 | $ | 128,174 | $ | 123,177 | $ | 126,302 | $ | 112,512 | ||||||||||||
| Portion of rents representative of the interest factor |
3,856 | 15,424 | 15,066 | 14,917 | 12,726 | 11,001 | ||||||||||||||||||
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| Total |
$ | 36,080 | $ | 146,370 | $ | 143,240 | $ | 138,094 | $ | 139,028 | $ | 123,513 | ||||||||||||
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| Ratio of Earnings to Fixed Charges |
5.8 | 6.0 | 7.6 | 6.0 | 6.0 | 5.2 | ||||||||||||||||||
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