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Content analysis
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H.S. sophomore Avg
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- 10-K Annual report
- 10.4.6 Material Contracts
- 10.12.5 Material Contracts
- 10.12.6 Material Contracts
- 10.13.7 Material Contracts
- 10.13.9 Material Contracts
- 10.15.16 Material Contracts
- 10.18.4 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
- COVER Cover
Exhibit 12
Arch Capital Group Ltd. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in thousands, except ratios)
|
| Years Ended December 31, |
| |||||||||||||
|
| 2005 |
| 2004 |
| 2003 |
| 2002 |
| 2001 |
| |||||
Income (Loss) Before Income Taxes and Extraordinary Item and Cumulative effect of Accounting Change |
| $ | 285,435 |
| $ | 343,127 |
| $ | 306,500 |
| $ | 54,540 |
| $ | 24,144 |
|
Deduct : Equity in net income (loss) of investees |
| 0 |
| 1,211 |
| 3,011 |
| 2,175 |
| 2,608 |
| |||||
Fixed Charges: |
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|
|
|
|
|
|
|
|
| |||||
Add: |
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|
|
|
|
|
|
|
|
|
| |||||
Interest and amortization on indebtedness |
| 22,504 |
| 17,970 |
| 1,410 |
| — |
| — |
| |||||
Estimate of interest component within rental expense net of sublease (income)(1) |
| 3,700 |
| 4,133 |
| 2,900 |
| 1,067 |
| (44 | ) | |||||
Income (Loss) Available for Fixed Charges |
| 311,639 |
| 364,019 |
| 307,799 |
| 53,432 |
| 21,492 |
| |||||
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest and amortization on indebtedness |
| 22,504 |
| 17,970 |
| 1,410 |
| — |
| — |
| |||||
Estimate of interest component within rental expense net of sublease (income)(1) |
| 3,700 |
| 4,133 |
| 2,900 |
| 1,067 |
| (44 | ) | |||||
Total Fixed Charges |
| 26,204 |
| 22,103 |
| 4,310 |
| 1,067 |
| (44 | ) | |||||
Ratio of earnings to fixed charges |
| 11.9 |
| 16.5 |
| 71.4 |
| 50.1 |
| 488.5 |
| |||||
(1) �� Represents a reasonable approximation of the interest cost component of rental expense net of sublease (income) incurred by the Company.