EX-12.1 3 ex12_1.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

The following table shows for Kingstone Companies, Inc. the ratio of consolidated earnings to fixed charges for each of the preceding five fiscal years. For purposes of calculating these ratios, (a) "earnings" consist of pre-tax income (loss) plus fixed charges less capitalized interest, and (b) "fixed charges" consist of interest expense.

   
Fiscal Year Ended December 31,
  
   
2016
    
2015
    
2014
    
2013
    
2012
  
Ratio:
                              
 Consolidated earnings (pretax)
  
$
13,418,467
    
$
10,309,073
    
$
7,875,459
    
$
2,776,587
    
$
1,069,615
  
 Plus fixed charges (interest expense)
    
-
      
-
      
-
    
$
75,734
    
$
81,616
  
 Less capitalized interest
    
-
      
-
      
-
      
-
      
-
  
 Consolidated earnings
  
$
13,418,467
    
$
10,309,073
    
$
7,875,459
    
$
2,852,321
    
$
1,151,231
  
                                         
 Fixed charges
    
-
      
-
      
-
    
$
75,734
    
$
81,616
  
                                         
 Ratio
  
NA
    
NA
    
NA
      
37.66
x
    
14.11
x