Exhibit 12.1
ASSURED GUARANTY LTD.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions of U.S. dollars except for ratio amounts)
|
|
|
2006 |
|
2007 |
|
2008 |
|
2009 |
|
2010 |
|
Three Months Ended March 31, 2011 |
| ||||||
|
Income (loss) before income taxes |
|
$ |
190.0 |
|
$ |
(463.0 |
) |
$ |
112.3 |
|
$ |
132.9 |
|
$ |
635.5 |
|
$ |
192.1 |
|
|
Fixed charges |
|
14.8 |
|
24.7 |
|
25.2 |
|
66.3 |
|
103.4 |
|
25.7 |
| ||||||
|
Income (loss) as adjusted |
|
204.8 |
|
(438.3 |
) |
137.5 |
|
199.2 |
|
738.9 |
|
217.8 |
| ||||||
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Interest expensed |
|
13.8 |
|
23.5 |
|
23.3 |
|
62.8 |
|
99.6 |
|
24.8 |
| ||||||
|
Portion of rents representative of the interest factor (all premises) |
|
|
|
|
|
|
|
3.5 |
|
3.8 |
|
0.9 |
| ||||||
|
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 |
|
1.2 |
|
1.2 |
|
|
|
|
|
|
| ||||||
|
Total fixed charges |
|
14.8 |
|
24.7 |
|
25.2 |
|
66.3 |
|
103.4 |
|
25.7 |
| ||||||
|
Ratio of earnings to fixed charges |
|
13.84 |
|
(17.74 |
) |
5.46 |
|
3.00 |
|
7.15 |
|
8.47 |
| ||||||