Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
The following table shows for Kingstone Companies, Inc. the ratio of consolidated earnings to fixed charges for each of the preceding five fiscal years. For purposes of calculating these ratios, (a) "earnings" consist of pre-tax income (loss) plus fixed charges less capitalized interest, and (b) "fixed charges" consist of interest expense.
Fiscal Year Ended December 31, | ||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Ratio: | ||||||||||||||||||||
Consolidated earnings (pretax) | $ | 13,418,467 | $ | 10,309,073 | $ | 7,875,459 | $ | 2,776,587 | $ | 1,069,615 | ||||||||||
Plus fixed charges (interest expense) | - | - | - | $ | 75,734 | $ | 81,616 | |||||||||||||
Less capitalized interest | - | - | - | - | - | |||||||||||||||
Consolidated earnings | $ | 13,418,467 | $ | 10,309,073 | $ | 7,875,459 | $ | 2,852,321 | $ | 1,151,231 | ||||||||||
Fixed charges | - | - | - | $ | 75,734 | $ | 81,616 | |||||||||||||
Ratio | NA | NA | NA | 37.66 | x | 14.11 | x |