EX-12.01 10 dex1201.htm STATEMENT RE COMPUTATION OF RATIOS 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,
     2009    2008     2007     2006    2005

Earnings:

             

Pre-tax income (loss) from continuing operations

    $ 724,905    $ (5,618,343 )    $ (5,154,749 )    $ 1,210,213    $ 1,022,764

Interest expense

      119,626      114,226        85,740        75,294      55,896

Portion of rentals deemed to be interest

      3,366      3,286        3,297        3,322      3,339
                                    

Earnings

    $ 847,897    $ (5,500,831 )    $ (5,065,712 )    $ 1,288,829    $ 1,081,999
                                    

Fixed Charges:

             

Interest Expense

    $ 119,626    $ 114,226      $ 85,740      $ 75,294    $ 55,896

Portion of rentals deemed to be interest

      3,366      3,286        3,297        3,322      3,339
                                    

Fixed Charges

    $ 122,992    $ 117,512      $ 89,037      $ 78,616    $ 59,235
                                    

Ratio of earnings to fixed charges

      6.9      -46.8        -56.9        16.4      18.3