ASSURED GUARANTY LTD.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions of U.S. dollars except for ratio amounts)
| |
2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income (loss) before income taxes |
$ | 229.6 | $ | 190.0 | $ | (463.0 | ) | $ | 112.3 | $ | 132.9 | ||||||
Fixed charges |
14.5 | 14.8 | 24.7 | 25.2 | 66.3 | ||||||||||||
Income (loss) as adjusted |
244.1 | 204.8 | (438.3 | ) | 137.5 | 199.2 | |||||||||||
Fixed charges: |
|||||||||||||||||
Interest expensed |
13.5 | 13.8 | 23.5 | 23.3 | 62.8 | ||||||||||||
Portion of rents representative of the interest factor (all premises) |
3.5 | ||||||||||||||||
Portion of rents representative of the interest factor (1251 Ave of Am) |
0.7 | ||||||||||||||||
Portion of rents representative of the interest factor (1325 Ave of Am) |
1.0 | 1.0 | 1.2 | 1.2 | |||||||||||||
Total fixed charges |
14.5 | 14.8 | 24.7 | 25.2 | 66.3 | ||||||||||||
Ratio of earnings to fixed charges |
16.83 | 13.84 | (17.74 | ) | 5.46 | 3.00 | |||||||||||