AMBAC FINANCIAL GROUP INC - FORM 10-K - EX-12.01 - STATEMENT RE COMPUTATION OF RATIOS - April 9, 2010

Attached files

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10-K - FORM 10-K - AMBAC FINANCIAL GROUP INCd10k.htm
EX-10.02 - AGREEMENT DATED AS OF DECEMBER 31, 2009 - BETWEEN AMBAC AND ROBERT SHOBACK - AMBAC FINANCIAL GROUP INCdex1002.htm
EX-10.17 - FORM OF RETENTION AGREEMENT - AMBAC FINANCIAL GROUP INCdex1017.htm
EX-10.05 - DIRECTORS' COMPENSATION TABLE (EFFECTIVE AS OF MARCH 15, 2010) - AMBAC FINANCIAL GROUP INCdex1005.htm
EX-10.23 - COOPERATION AGREEMENT, DATED AS OF MARCH 24, 2010 - AMBAC FINANCIAL GROUP INCdex1023.htm
EX-10.03 - AGREEMENT DATED AS OF MARCH 5, 2010 - BETWEEN AMBAC AND SEAN LEONARD - AMBAC FINANCIAL GROUP INCdex1003.htm
EX-10.22 - MANAGEMENT SERVICES AGREEMENT, DATED AS OF MARCH 24, 2010 - AMBAC FINANCIAL GROUP INCdex1022.htm
EX-31.1 - CERTIFICATION OF CEO PURSUANT TO RULES 13A-14(A) AND 15D-14(A) - AMBAC FINANCIAL GROUP INCdex311.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - AMBAC FINANCIAL GROUP INCdex231.htm
EX-31.2 - CERTIFICATION OF CFO PURSUANT TO RULES 13A-14(A) AND 15D-14(A) - AMBAC FINANCIAL GROUP INCdex312.htm
EX-32.2 - CERTIFICATION OF CFO PURSUANT TO SECTION 906 - AMBAC FINANCIAL GROUP INCdex322.htm
EX-32.1 - CERTIFICATION OF CEO PURSUANT TO SECTION 906 - AMBAC FINANCIAL GROUP INCdex321.htm
EX-21.01 - LIST OF SUBSIDIARIES OF AMBAC FINANCIAL GROUP, INC. - AMBAC FINANCIAL GROUP INCdex2101.htm
EX-10.24 - AGREEGATE EXCESS OF LOSS REINSURANCE AGREEMENT, DATED AS OF MARCH 24, 2010 - AMBAC FINANCIAL GROUP INCdex1024.htm
EX-10.25 - SECURED NOTE, DATED MARCH 24, 2010 FROM AMBAC ASSURANCE CORPORATION - AMBAC FINANCIAL GROUP INCdex1025.htm

EXHIBIT 12.01

Ambac Financial Group, Inc.

Ratio of Earnings to Fixed Charges

(In thousands, except ratios)

 

     Years Ended December 31,
     2009    2008     2007     2006    2005

Earnings:

             

Pre-tax income (loss) from continuing operations

    $ 724,905    $ (5,618,343 )    $ (5,154,749 )    $ 1,210,213    $ 1,022,764

Interest expense

      119,626      114,226        85,740        75,294      55,896

Portion of rentals deemed to be interest

      3,366      3,286        3,297        3,322      3,339
                                    

Earnings

    $ 847,897    $ (5,500,831 )    $ (5,065,712 )    $ 1,288,829    $ 1,081,999
                                    

Fixed Charges:

             

Interest Expense

    $ 119,626    $ 114,226      $ 85,740      $ 75,294    $ 55,896

Portion of rentals deemed to be interest

      3,366      3,286        3,297        3,322      3,339
                                    

Fixed Charges

    $ 122,992    $ 117,512      $ 89,037      $ 78,616    $ 59,235
                                    

Ratio of earnings to fixed charges

      6.9      -46.8        -56.9        16.4      18.3
                                    

AMBAC FINANCIAL GROUP INC Reports