For the nine
months
ended September
30,

For the year ended December 31,

2009

2008

2007

2006

2005

2004

(Dollars in thousands)

Earnings

Pre-tax income (loss) from continuing operations

$

56,945

$

(31,878

)

$

125,806

$

133,488

$

108,563

$

92,492

Less: Minority interest

125

71

49

(126

)

(159

)

(105

)

Add: Distributed income from equity investees

248

337

438

2,021

1,107

2,035

57,318

(31,470

)

126,293

135,383

109,511

94,422

Fixed charges

20,398

20,801

17,923

12,931

15,813

13,660

Less: Capitalized bonus interest

—

—

—

—

—

—

Less: Tax gross up on preferred stock

—

—

—

—

(805

)

(766

)

Add: Amortization of capitalized interest

—

—

—

—

—

—

Total earnings

$

77,716

$

(10,669

)

$

144,216

$

148,314

$

124,519

$

107,316

Fixed charges

Interest credited to contract holders

$

—

$

—

$

—

$

—

$

—

$

—

Capitalized bonus interest credited to contract holders

—

—

—

—

—

—

Interest expense on debt

19,164

19,567

16,666

11,744

13,590

11,397

Tax gross up on preferred stock

—

—

—

—

805

766

Estimate of interest within rent expense

1,234

1,234

1,257

1,187

1,418

1,497

Total fixed charges

$

20,398

$

20,801

$

17,923

$

12,931

$

15,813

$

13,660

Ratio of earnings to fixed charges

3.81

(0.51

)

8.05

11.47

7.87

7.86

Ratio of earnings to fixed charges and preferred stock dividends

3.79

(0.51

)

7.98

11.34

7.80

7.77

Earnings deficiency

—

(31,470

)

—

—

—

—