EX-12 7 dex12.txt STATEMENTS RE COMPUTATION OF RATIOS 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 ------------------------------------------------ Total earnings 76,843 59,759 49,504 54,964 60,678 ------------------------------------------------ Fixed charges: Interest on policyholders' accounts 48,213 42,410 32,286 26,568 22,510 ------------------------------------------------ Total fixed charges 48,213 42,410 32,286 26,568 22,510 ------------------------------------------------ Preferred stock dividend requirements [ ] [ ] [ ] [ ] [ ] ------------------------------------------------ Combined fixed charges and preferred stock dividend requirements [ ] [ ] [ ] [ ] [ ] ------------------------------------------------ Ratio of earnings to fixed charges 1.59 1.41 1.53 2.07 2.70 ------------------------------------------------ Ratio of earnings to combined fixed charges and preferred stock dividend requirements [ ] [ ] [ ] [ ] [ ] ------------------------------------------------