EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

The First American Corporation

Computation of Ratio of Earnings to Fixed Charges

($ in 000s)

 

      Six Months Ended June 30,    Year Ended December 31,
     2009    2008    2008     2007

Pre-tax income before adjustment for noncontrolling interests in consolidated subsidiaries and income/(loss) from investments in affiliates

    $ 185,710    $ 104,926    $ (551 )    $ 104,355

Fixed Charges:

           

Interest expense

      32,582      38,317      71,104        91,684

Appropriate portion (1/3) of rentals

      39,212      51,357      98,263        112,762
                            

Total Fixed Charges

      71,795      89,674      169,367        204,445
                            

Pre-tax income before adjustment for noncontrolling interests in consolidated subsidiaries and income/(loss) from investments in affiliates and fixed charges

    $ 257,505    $ 194,600    $ 168,816      $ 308,800
                            

Ratio of earnings to fixed charges

      3.6      2.2      1.0        1.5