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Content analysis
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H.S. freshman Avg
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Exhibit 12.1
ARGO GROUP INTERNATIONAL HOLDINGS, LTD.
STATEMENTS OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED SHARE DIVIDENDS
(in millions, except ratios)
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| Three Months Ended March 31, |
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| For the Years Ended December 31, |
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| 2018 |
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| 2017 |
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| 2017 |
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| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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Earnings: |
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Income before provision for income taxes |
| $ | 25.0 |
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| $ | 42.7 |
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| $ | 39.9 |
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| $ | 181.9 |
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| $ | 177.5 |
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| $ | 216.0 |
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| $ | 179.7 |
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Add: |
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Fixed charges |
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| 9.4 |
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| 7.5 |
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| 34.7 |
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| 23.7 |
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| 23.7 |
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| 24.8 |
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| 25.1 |
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Total earnings |
| $ | 34.4 |
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| $ | 50.2 |
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| $ | 74.6 |
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| $ | 205.6 |
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| $ | 201.2 |
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| $ | 240.8 |
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| $ | 204.8 |
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Fixed charges: |
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Interest expense |
| $ | 7.7 |
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| $ | 5.9 |
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| $ | 27.7 |
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| $ | 19.6 |
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| $ | 19.0 |
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| $ | 19.9 |
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| $ | 20.2 |
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Rental interest factor |
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| 1.7 |
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| 1.6 |
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| 7.0 |
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| 4.1 |
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| 4.7 |
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| 4.9 |
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| 4.9 |
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Total fixed charges |
| $ | 9.4 |
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| $ | 7.5 |
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| $ | 34.7 |
|
| $ | 23.7 |
|
| $ | 23.7 |
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| $ | 24.8 |
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| $ | 25.1 |
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Ratio of earnings to fixed charges |
| 3.7:1 |
|
| 6.7:1 |
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| 2.1:1 |
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| 8.7:1 |
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| 8.5:1 |
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| 9.7:1 |
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| 8.2:1 |
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