For the Year Ended December 31, 2010 | For the Year Ended December 31, 2011 | For the Year Ended December 31, 2012 | For the Year Ended December 31, 2013 | For the Year Ended December 31, 2014 | ||||||||||||||
Earnings to Fixed Charges(1) | 4.14 | 6.22 | 4.52 | 4.96 | 2.49 |
(1) | Earnings include net realized and unrealized gains or losses. Net realized and unrealized gains or losses can vary substantially from period to period. |
• | Excluding net unrealized gains or losses, the earnings to fixed charges ratio would be 2.80 for the year ended December 31, 2010, 5.64 for the year ended December 31, 2011, 4.68 for the year ended December 31, 2012, 4.85 for the year ended December 31, 2013 and 4.57 for the year ended December 31, 2014. |
• | Excluding net realized and unrealized gains or losses, the earnings to fixed charges ratio would be 3.47 for the year ended December 31, 2010, 4.65 for the year ended December 31, 2011, 4.30 for the year ended December 31, 2012, 3.96 for the year ended December 31, 2013 and 3.93 for the year ended December 31, 2014. |