EX-12.0 8 wtm10-k123114ex12.htm EXHIBIT 12.0 WTM 10-K 12.31.14 Ex 12

Exhibit 12
WHITE MOUNTAINS INSURANCE GROUP, LTD.
Statement Re Computation of Ratio of Earnings to Fixed Charges
($ in millions except ratios)
 
Year Ended
 
2014
2013
2012
2011
2010
Consolidated pre-tax income from continuing operations before equity in earnings of affiliates, accounting changes and extraordinary items
$
301.7

$
344.9

$
262.8

$
98.0

$
189.3

Distributed income of equity investees
 
 
 
 
—
Interest expense on debt
41.9

42.5

44.8

55.2

57.3

Interest portion of rental expense
6.5

6.7

6.3

7.6

9.4

Earnings
$
350.1

$
394.1

$
313.9

$
160.8

$
256.0

Interest expense on debt
$
41.9

$
42.5

$
44.8

$
55.2

$
57.3

Interest portion of rental expense
6.5

6.7

6.3

7.6

9.4

Fixed charges
$
48.4

$
49.2

$
51.1

$
62.8

$
66.7

Ratio of earnings to fixed charges
7.2

8.0

6.1

2.6

3.8