Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - BERKLEY W R CORP | y86605e8vk.htm |
| EX-4.2 - EX-4.2 - BERKLEY W R CORP | y86605exv4w2.htm |
| EX-1.1 - EX-1.1 - BERKLEY W R CORP | y86605exv1w1.htm |
| EX-5.1 - EX-5.1 - BERKLEY W R CORP | y86605exv5w1.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (1)
| Six | ||||||||||||||||||||||||
| Months Ended June | Year Ended December 31, | |||||||||||||||||||||||
| 30, 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
| (Dollars in thousands, except ratios) | ||||||||||||||||||||||||
Income before income taxes and
cumulative effect of change in
accounting principle, but after
noncontrolling interests |
$ | 306,226 | $ | 382,207 | $ | 326,060 | $ | 1,089,309 | $ | 985,916 | $ | 767,413 | ||||||||||||
Add: |
||||||||||||||||||||||||
Portion of rents representative
of the interest factor |
4,678 | 9,356 | 7,934 | 7,146 | 6,449 | 5,810 | ||||||||||||||||||
Interest expense |
52,055 | 87,989 | 84,623 | 88,996 | 92,522 | 85,926 | ||||||||||||||||||
Income as adjusted |
$ | 362,959 | $ | 479,552 | $ | 418,617 | $ | 1,185,451 | $ | 1,084,887 | $ | 859,149 | ||||||||||||
Fixed charges: |
||||||||||||||||||||||||
Interest expense |
$ | 52,055 | $ | 87,989 | $ | 84,623 | $ | 88,996 | $ | 92,522 | $ | 85,926 | ||||||||||||
Portion of rents representative
of the interest factor |
4,678 | 9,356 | 7,934 | 7,146 | 6,449 | 5,810 | ||||||||||||||||||
Total |
$ | 56,733 | $ | 97,345 | $ | 92,557 | $ | 96,142 | $ | 98,971 | $ | 91,736 | ||||||||||||
Ratio of Earnings to Fixed Charges |
6.4 | 4.9 | 4.5 | 12.3 | 11.0 | 9.4 | ||||||||||||||||||
| (1) | No preferred stock dividends were paid during the periods set forth above. |