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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
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- 10-K Annual report
- 10.21 Material Contracts
- 10.23 Material Contracts
- 10.25 Material Contracts
- 12 Statements Regarding Computation of Ratios
- 21 Subsidiaries of the Registrant
- 23 Consents of Experts and Counsel
- 24 Power of Attorney
- 31.1 302 Certification
- 31.2 302 Certification
- 32.1 906 Certification
- 32.2 906 Certification
Exhibit 12
WHITE MOUNTAINS INSURANCE GROUP, LTD.
Computation of Ratio of Earnings to Fixed Charges
($ in millions except ratios)
|
| Year Ended |
| |||||||||||||
|
| 2005 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
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Consolidated pretax income from continuing operations before minority interest, equity in earnings of affiliates, accounting changes and extraordinary items |
| $ | 293.0 |
| $ | 247.8 |
| $ | 372.3 |
| $ | 119.4 |
| $ | (427.5 | ) |
|
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|
|
|
|
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Interest expense on debt |
| 44.5 |
| 49.1 |
| 48.6 |
| 71.8 |
| 45.7 |
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Interest portion of rental expense |
| 16.4 |
| 15.5 |
| 14.3 |
| 15.3 |
| 7.7 |
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Earnings |
| $ | 353.9 |
| $ | 312.4 |
| $ | 435.2 |
| $ | 206.5 |
| $ | (374.1 | ) |
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|
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|
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| |||||
Interest expense on debt |
| 44.5 |
| 49.1 |
| 48.6 |
| 71.8 |
| 45.7 |
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|
| |||||
Interest portion of rental expense |
| 16.4 |
| 15.5 |
| 14.3 |
| 15.3 |
| 7.7 |
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Fixed charges |
| 60.9 |
| 64.6 |
| 62.9 |
| 87.1 |
| 53.4 |
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Ratio of earnings to fixed charges |
| 5.8 |
| 4.8 |
| 6.9 |
| 2.4 |
| (7.0 | ) |