Exhibit 12.1
Platinum Underwriters Holdings, Ltd.
Ratio of Earnings to Fixed Charges
($ in Thousands)
Six Months | Three Months | Year Ended | Year Ended | Period from | ||||||||||||||||
Ended June 30, | Ended March 31, | December 31, | December 31, | April 19, 2002 to | ||||||||||||||||
2005 | 2005 | 2004 | 2003 | December 31, 2002 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Earnings before income taxes | $ | 170,850 | 83,036 | 115,133 | 193,698 | $ | 11,093 | |||||||||||||
Add fixed charges | 6,347 | 2,173 | 9,268 | 9,492 | 1,444 | |||||||||||||||
Total | 177,197 | 85,209 | 124,401 | 203,190 | 12,537 | |||||||||||||||
Fixed charges: | ||||||||||||||||||||
Interest Expense | 5,512 | 1,835 | 7,426 | 7,563 | 1,261 | |||||||||||||||
Amortized expenses related to indebtedness | 835 | 337 | 1,842 | 1,929 | 183 | |||||||||||||||
Total fixed charges | $ | 6,347 | 2,172 | 9,268 | 9,492 | $ | 1,444 | |||||||||||||
Ratio of earnings to fixed charges | 27.9 | 39.2 | 13.4 | 21.4 | 8.7 |