Attached files
| file | filename |
|---|---|
| EX-31.2 - EXHIBIT 31.2 - Amtrust Financial Services, Inc. | v304552_ex31x2.htm |
| EX-32.1 - EXHIBIT 32.1 - Amtrust Financial Services, Inc. | v304552_ex32x1.htm |
| EX-23.1 - EXHIBIT 23.1 - Amtrust Financial Services, Inc. | v304552_ex23x1.htm |
| EX-31.1 - EXHIBIT 31.1 - Amtrust Financial Services, Inc. | v304552_ex31x1.htm |
| EX-21.1 - EXHIBIT 21.1 - Amtrust Financial Services, Inc. | v304552_ex21-1.htm |
| EX-32.2 - EXHIBIT 32.2 - Amtrust Financial Services, Inc. | v304552_ex32x2.htm |
| EX-10.15 - EXHIBIT 10.15 - Amtrust Financial Services, Inc. | v304552_ex10-15.htm |
| EX-10.40 - EXHIBIT 10.40 - Amtrust Financial Services, Inc. | v304552_ex10-40.htm |
| 10-K - ANNUAL REPORT - Amtrust Financial Services, Inc. | v304552_10k.htm |
Exhibit 12.1
AmTrust Financial Services, Inc.
Computation of Ratio of Earnings to Fixed Charges
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| Earnings | ||||||||||||||||||||
| Pretax income from continuing operations before adjustment for income or loss from equity investees | $ | 204,935 | $ | 165,474 | $ | 131,514 | $ | 104,486 | $ | 127,598 | ||||||||||
| Fixed charges | 16,709 | 12,902 | 16,884 | 18,277 | 10,089 | |||||||||||||||
| Company share of pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges | - | (1,288 | ) | (822 | ) | (991 | ) | (749 | ) | |||||||||||
| $ | 221,644 | $ | 177,088 | $ | 147,576 | $ | 121,772 | $ | 136,938 | |||||||||||
| Less: | ||||||||||||||||||||
| Interest capitalized | $ | - | $ | - | $ | - | $ | - | $ | - | ||||||||||
| Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges | 23,719 | 5,927 | - | (2,900 | ) | (6,053 | ) | |||||||||||||
| 23,719 | 5,927 | - | (2,900 | ) | (6,053 | ) | ||||||||||||||
| Total Earnings | $ | 197,925 | $ | 171,161 | $ | 147,576 | $ | 124,672 | $ | 142,991 | ||||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest expensed and capitalized, and amortized premiums, discounts and capitalized expenses related to indebtedness | 16,709 | 12,902 | 16,884 | 18,277 | 10,089 | |||||||||||||||
| Expense of the interest within rental expense (1) | - | - | - | - | - | |||||||||||||||
| Total Fixed Charges | $ | 16,709 | $ | 12,902 | $ | 16,884 | $ | 18,277 | $ | 10,089 | ||||||||||
| Ratio of Earnings to Fixed Charges | 11.8 | 13.3 | 8.7 | 6.8 | 14.2 | |||||||||||||||
(1) Deemed to be immaterial