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Content analysis
?| Positive | ||
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H.S. freshman Avg
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Exhibit 12.1
ONEBEACON INSURANCE GROUP, LTD.
Computation of Ratio of Earnings (Loss) to Fixed Charges
(in millions except ratios)
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| Year Ended |
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|
| 2005 |
| 2006 |
| 2007 |
| 2008 |
| 2009 |
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Consolidated pre-tax income (loss) from continuing operations before equity in earnings of affiliate and discontinued operations |
| $ | 264.0 |
| $ | 305.2 |
| $ | 402.2 |
| $ | (600.6 | ) | $ | 456.9 |
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Distributed income of equity investees |
| — |
| 70.0 |
| — |
| — |
| — |
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Interest expense on debt |
| 44.1 |
| 45.5 |
| 45.2 |
| 44.9 |
| 39.7 |
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Interest portion of rental expense |
| 11.6 |
| 13.6 |
| 11.1 |
| 7.4 |
| 7.3 |
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Earnings (loss) |
| $ | 319.7 |
| $ | 434.3 |
| $ | 458.5 |
| $ | (548.3 | ) | $ | 503.9 |
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Interest expense on debt |
| 44.1 |
| 45.5 |
| 45.2 |
| 44.9 |
| 39.7 |
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Interest portion of rental expense |
| 11.6 |
| 13.6 |
| 11.1 |
| 7.4 |
| 7.3 |
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Fixed charges |
| $ | 55.7 |
| $ | 59.1 |
| $ | 56.3 |
| $ | 52.3 |
| $ | 47.0 |
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Ratio of earnings (loss) to fixed charges |
| 5.7 |
| 7.3 |
| 8.1 |
| (10.5 | ) | 10.7 |
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