EX-12.1 3 dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges
EXHIBIT 12.1
 
RATIO OF EARNINGS TO FIXED CHARGES
 
American Safety Insurance Group, Ltd.
Coverage Ratios for Preferred Stock
 
    
1999
   
2000
     
2001
     
Six
Months June 30, 2001
     
Six
Months June 30, 2002
Earnings
                               
Pre-Tax Earnings (Loss)
   
6,003
   
(2,520
)
   
5,316
     
3,107
     
5,754
Plus: Interest Expense Recognized
   
—  
   
—  
 
   
470
     
0
     
467
    
  
  
    
    
Total Earnings
   
6,003
   
(2,520
)
   
5,786
     
3,107
     
6,221
                                
Fixed Charges
                               
Interest Accruals For Period
   
—  
   
244
 
   
1,237
     
561
     
234
    
  
  
    
    
Total Fixed Charges
   
—  
   
244
 
   
1,237
     
561
     
234
Coverage Ratio
        
(2,764
)
   
4.68
     
5.54
     
26.59
 
*
 
All figures are dollars in thousands, except coverage ratios for 2001 and for the six months ended June 30, 2001 and June 30, 2002.