EXHIBIT 12

AMERICAN SAFETY INSURANCE HOLDINGS, LTD.

RATIO OF EARNINGS TO FIXED CHARGES

(dollars in thousands)

	2012		2011		2010
Earnings
Pre-tax earnings	$	12,030	$	7,448	$	28,426
Plus: Interest expense recognized		2,069		1,980		3,154
Total earnings	$	14,099	$	9,428	$	31,580
Fixed charges
Interest expenses for the period	$	2,069	$	1,980	$	3,154
Total fixed charges	$	2,069	$	1,980	$	3,154
Coverage Ratio	$	6.81	$	4.76	$	10.01