Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - BERKLEY W R CORP | d316663d8k.htm |
| EX-5.1 - OPINION OF WILLKIE FARR & GALLAGHER LLP - BERKLEY W R CORP | d316663dex51.htm |
| EX-4.2 - EIGHTH SUPPLEMENTAL INDENTURE - BERKLEY W R CORP | d316663dex42.htm |
| EX-1.1 - UNDERWRITING AGREEMENT - BERKLEY W R CORP | d316663dex11.htm |
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| Year Ended December 31, | ||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
| (Dollars in thousands, except ratios) | ||||||||||||||||||||
| Income before income taxes and cumulative effect of change in accounting principle, but after noncontrolling interests |
$ | 518,353 | $ | 603,026 | $ | 382,207 | $ | 326,060 | $ | 1,089,309 | ||||||||||
| Add: |
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| Portion of rents representative of the interest factor |
11,001 | 9,979 | 9,356 | 7,934 | 7,146 | |||||||||||||||
| Interest expense |
112,512 | 106,969 | 87,989 | 84,623 | 88,996 | |||||||||||||||
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| Income as adjusted |
$ | 641,866 | $ | 719,974 | $ | 479,552 | $ | 418,617 | $ | 1,185,451 | ||||||||||
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| Fixed charges: |
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| Interest expense |
$ | 112,512 | $ | 106,969 | $ | 87,989 | $ | 84,623 | $ | 88,996 | ||||||||||
| Portion of rents representative of the interest factor |
11,001 | 9,979 | 9,356 | 7,934 | 7,146 | |||||||||||||||
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| Total |
$ | 123,513 | $ | 116,948 | $ | 97,345 | $ | 92,557 | $ | 96,142 | ||||||||||
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| Ratio of Earnings to Fixed Charges |
5.2 | 6.2 | 4.9 | 4.5 | 12.3 | |||||||||||||||
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