Exhibit 12
Statements Re: Computation of Ratios
The following table sets forth certain selected financial information.
2001 2000 1999 1998 1997
Earnings:
Income before income taxes 28,630 17,349 17,218 28,396 38,168
Less: interest capitalized 0 0 0 0 0
Add fixed charges 48,213 42,410 32,286 26,568 22,510
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Total earnings 76,843 59,759 49,504 54,964 60,678
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Fixed charges:
Interest on policyholders' accounts 48,213 42,410 32,286 26,568 22,510
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Total fixed charges 48,213 42,410 32,286 26,568 22,510
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Preferred stock dividend requirements [ ] [ ] [ ] [ ] [ ]
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Combined fixed charges and preferred
stock dividend requirements [ ] [ ] [ ] [ ] [ ]
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Ratio of earnings to fixed charges 1.59 1.41 1.53 2.07 2.70
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Ratio of earnings to combined fixed
charges and preferred stock dividend
requirements [ ] [ ] [ ] [ ] [ ]
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