EX-12 2 exhibit12123113.htm EXHIBIT 12. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exhibit12123113


EXHIBIT 12. COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(In Thousands)
 
 
 
 
 
Years ended December 31
2013
2012
2011
2010
2009
Earnings
 
 
 
 
 
Income (loss) before income taxes
101,902

46,074

(12,715
)
58,383

(28,706
)
Add: fixed charges
36,467

42,612

43,868

43,889

42,494

Total earnings
138,369

88,686

31,153

102,272

13,788

Fixed charges
 
 
 
 
 
Interest on policyholders’ accounts
35,163

41,409

42,834

42,988

41,652

Portion of rent representative of interest factor
1,304

1,203

1,034

901

842

Total fixed charges
36,467

42,612

43,868

43,889

42,494

Ratio of earnings to fixed charges
3.79

2.08

0.71

2.33

0.32