EX-12 4 wtm-20131231x10kxex12.htm EXHIBIT 12 WTM-2013.12.31-10K-Ex 12

Exhibit 12
WHITE MOUNTAINS INSURANCE GROUP, LTD.
Statement Re Computation of Ratio of Earnings to Fixed Charges
($ in millions except ratios)
 
Year Ended
 
2013
2012
2011
2010
2009
Consolidated pre-tax income from continuing operations before equity in earnings of affiliates, accounting changes and extraordinary items
$
344.9

$
262.8

$
98.0

$
189.3

$
781.0

Distributed income of equity investees
 
 
 
—
—
Interest expense on debt
42.5

44.8

55.2

57.3

70.8

Interest portion of rental expense
6.7

6.3

7.6

9.4

11.7

Earnings
$
394.1

$
313.9

$
160.8

$
256.0

$
863.5

Interest expense on debt
$
42.5

$
44.8

$
55.2

$
57.3

$
70.8

Interest portion of rental expense
6.7

6.3

7.6

9.4

11.7

Fixed charges
$
49.2

$
51.1

$
62.8

$
66.7

$
82.5

Ratio of earnings to fixed charges
8.0

6.1

2.6

3.8

10.5