EXHIBIT 12.1
ALLIED WORLD ASSURANCE COMPANY HOLDINGS, AG
RATIO OF EARNINGS TO FIXED CHARGES
($ IN THOUSANDS)
Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Earnings/Income before income taxes | $ | 326,964 | $ | 305,528 | $ | 691,950 | $ | 643,531 | $ | 176,002 | $ | 470,286 | ||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense on senior notes | 27,757 | 54,989 | 40,242 | 39,019 | 38,743 | 37,848 | ||||||||||||||||||
One third of payments under operating lease | 1,876 | 4,269 | 4,583 | 4,070 | 3,664 | 2,916 | ||||||||||||||||||
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Total fixed charges | 29,633 | 59,258 | 44,825 | 43,089 | 42,407 | 40,764 | ||||||||||||||||||
Earnings plus fixed charges | 356,597 | 364,786 | 736,775 | 686,620 | 218,409 | 511,050 | ||||||||||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | 12.0 | 6.2 | 16.4 | 15.9 | 5.2 | 12.5 |