Attached files
EXHIBIT 12
AMERICAN SAFETY INSURANCE HOLDINGS, LTD.
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
|
2009
|
2008
|
2007
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Earnings
|
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Pre-tax earnings
|
$ | 24,866 | $ | 341 | $ | 28,929 | ||||||
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Plus: Interest expense recognized
|
3,614 | 3,648 | 3,731 | |||||||||
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Total earnings
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$ | 28,480 | $ | 3,989 | $ | 32,660 | ||||||
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Fixed charges
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Interest expenses for the period
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$ | 3,614 | $ | 3,648 | $ | 3,731 | ||||||
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Total fixed charges
|
$ | 3,614 | $ | 3,648 | $ | 3,731 | ||||||
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Coverage Ratio
|
7.88 | 1.09 | 8.75 | |||||||||