EX-12.01 11 dex1201.txt STATEMENT RE COMPUTATION OF RATIOS EXHIBIT 12.01 Ambac Financial Group, Inc. Ratio of Earnings to Fixed Charges (In thousands, except ratios)
Years Ended December 31, ------------------------------------------------------------------ 2001 2000 1999 1998 1997 ------------------------------------------------------------------ Earnings: Income before income taxes $ 568,727 $ 482,124 $ 404,658 $ 328,912 $ 285,996 Interest expense 40,442 37,477 36,525 32,761 21,346 Portion of rentals deemed to be interest 1,972 1,859 1,782 1,846 1,699 ------------------------------------------------------------------ Earnings $ 611,141 $ 521,460 $ 442,965 $ 363,519 $ 309,041 ================================================================== Fixed Charges: Interest Expense $ 40,442 $ 37,477 $ 36,525 $ 32,761 $ 21,346 Portion of rentals deemed to be interest 1,972 1,859 1,782 1,846 1,699 ------------------------------------------------------------------ Fixed Charges $ 42,414 $ 39,336 $ 38,307 $ 34,607 $ 23,045 ================================================================== Ratio of earnings to fixed charges 14.4 13.3 11.6 10.5 13.4 ==================================================================