EX-12.1 8 ob12312014ex121.htm EXHIBIT 12.1 OB 12.31.2014 EX 12.1


Exhibit 12.1
 
ONEBEACON INSURANCE GROUP, LTD.
Computation of Ratio of Earnings to Fixed Charges
(in millions except ratios)
 
 
 
Year Ended December 31,
 
 
2010
 
2011
 
2012
 
2013
 
2014
Consolidated pre-tax income from continuing operations
 
$
175.4

 
$
119.7

 
$
105.9

 
$
181.3

 
$
40.6

Interest expense on debt
 
29.6

 
20.5

 
16.9

 
13.0

 
13.0

Interest portion of rental expense
 
7.5

 
4.9

 
3.6

 
3.8

 
3.7

Earnings
 
$
212.5

 
$
145.1

 
$
126.4

 
$
198.1

 
$
57.3

 
 
 
 
 
 
 
 
 
 
 
Interest expense on debt
 
29.6

 
20.5

 
16.9

 
13.0

 
13.0

Interest portion of rental expense
 
7.5

 
4.9

 
3.6

 
3.8

 
3.7

Fixed charges
 
$
37.1

 
$
25.4

 
$
20.5

 
$
16.8

 
$
16.7

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
5.7

 
5.7

 
6.2

 
11.8

 
3.4