Attached files
| file | filename |
|---|---|
| EX-5.1 - EX-5.1 - ARCH CAPITAL GROUP LTD. | a13-26258_2ex5d1.htm |
| EX-4.4 - EX-4.4 - ARCH CAPITAL GROUP LTD. | a13-26258_2ex4d4.htm |
| EX-4.2 - EX-4.2 - ARCH CAPITAL GROUP LTD. | a13-26258_2ex4d2.htm |
| EX-4.1 - EX-4.1 - ARCH CAPITAL GROUP LTD. | a13-26258_2ex4d1.htm |
| EX-5.2 - EX-5.2 - ARCH CAPITAL GROUP LTD. | a13-26258_2ex5d2.htm |
| EX-4.3 - EX-4.3 - ARCH CAPITAL GROUP LTD. | a13-26258_2ex4d3.htm |
| 8-K - 8-K - ARCH CAPITAL GROUP LTD. | a13-26258_28k.htm |
Exhibit 12.1
Arch Capital Group Ltd. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges (1)
(in thousands, except ratios)
|
|
|
9 Months |
|
Year Ended December 31, |
| ||
|
|
|
30, 2013 |
|
2012 |
| ||
|
|
|
|
|
|
| ||
|
Income before income taxes |
|
$ |
565,561 |
|
$ |
589,387 |
|
|
|
|
|
|
|
| ||
|
Equity in net (income) loss of investees |
|
38,336 |
|
(43,632 |
) | ||
|
Fixed charges |
|
21,961 |
|
34,223 |
| ||
|
|
|
|
|
|
| ||
|
Income available for fixed charges |
|
$ |
625,858 |
|
$ |
579,978 |
|
|
|
|
|
|
|
| ||
|
Fixed charges: |
|
|
|
|
| ||
|
Interest and amortization on indebtedness |
|
17,687 |
|
28,525 |
| ||
|
Estimate of interest component within rental expense net of sublease (income) (2) |
|
4,274 |
|
5,698 |
| ||
|
Total fixed charges |
|
21,961 |
|
34,223 |
| ||
|
|
|
|
|
|
| ||
|
Ratio of earnings to fixed charges |
|
28.5 |
|
16.9 |
| ||
(1) Reflects the computation of ratio of earnings to fixed charges for periods not previously filed.
(2) Represents a reasonable approximation of the interest cost component of rental expense net of sublease (income) incurred by the Company (deemed to be 33% of operating lease rentals).