| (in thousands, except the ratio of      earnings to fixed charges)                                       |   | For the Year Ended December      31, |    |
|----------------------------------------------------------------------------------------------------------|--------|--------------------------------------|---------|
|                                                                                                     |   | 2007                                 |    |   | 2006 |   |   | 2005 |   |   | 2004 |   |   | 2003 |   |
| Interest expense on long-term      debt                                                                  |   | $                                    | 4,472   |   |   |   | 4,291 |   |   |   | 3,495 |   |   |   | 2,564 |   |   |   | 5,886 |   |
| Finance charges incurred in the      form of interest on funds withheld under reinsurance      agreement |   |                                 | — |   |   |   | 5,221 |   |   |   | 6,642 |   |   |   | 7,152 |   |   |   | 4,492 |   |
| Estimated interest within rental      expense related to operating leases                                |   |                                 | 367     |   |   |   | 366 |   |   |   | 351 |   |   |   | 340 |   |   |   | 286 |   |
| Other interest expense and      capitalized expenses                                                     |   |                                 | 147     |   |   |   | 74 |   |   |   | 84 |   |   |   | 95 |   |   |   | 475 |   |
| Total fixed      charges                                                                                 |   |                                 | 4,986   |   |   |   | 9,952 |   |   |   | 10,572 |   |   |   | 10,151 |   |   |   | 11,139 |   |
|                                                                                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income from continuing operations      before income taxes                                               |   |                                 | 76,758  |   |   |   | 47,121 |   |   |   | 35,869 |   |   |   | 27,111 |   |   |   | 13,199 |   |
| Plus fixed      charges                                                                                  |   |                                 | 4,986   |   |   |   | 9,952 |   |   |   | 10,572 |   |   |   | 10,151 |   |   |   | 11,139 |   |
| Earnings                                                                                                 |   | $                                    | 81,744  |   |   |   | 57,073 |   |   |   | 46,441 |   |   |   | 37,262 |   |   |   | 24,338 |   |
|                                                                                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of earnings to fixed charges      (1),(2)                                                     |   |                                 | 16.39   |   |   |   | 5.73 |   |   |   | 4.39 |   |   |   | 3.67 |   |   |   | 2.18 |   |
|                                                                                                     |   |                                 |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

|   |                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                              |
| (1)    | We have authority to issue up to      50,000,000 shares of preferred stock; however, there are currently no      shares outstanding and we do not have any preferred stock dividend      obligations.  Therefore, the ratio of earnings to fixed charges      and preferred stock dividends is equal to the ratio earnings to fixed      charges and is not disclosed separately.                  |
| (2)    | For the purposes of this      computation, earnings consist of income from continuing operations before      income taxes plus fixed charges.  Fixed charges consist of      interest expense, capitalized expenses related to indebtedness, finance      charges in form of interest on funds withheld under a reinsurance      agreement, and an estimate of the interest within rental      expense. |