**Exhibit      12**

**FPIC      Insurance Group, Inc. **

| *(in                  thousands, except the ratio of earnings to fixed                  charges)*                                |   | For                  the Year Ended December 31, |       |
|----------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------|------------|
|                                                                                                                             |   | **2006**                                         |       | 2005 |   | 2004 |   | 2003 |   | 2002 |   |
| Interest                  expense on long-term debt                                                                              |   | **$**                                            | **4,291**  |   |   | 3,495 |   |   | 2,564 |   |   | 5,886 |   |   | 4,762 |   |
| Finance                  charges incurred in the form of interest on funds withheld under                  reinsurance agreement |   |                                             | **5,221**  |   |   | 6,642 |   |   | 7,152 |   |   | 4,492 |   |   | 1,075 |   |
| Estimated                  interest within rental expense related to operating leases                                            |   |                                             | **366**    |   |   | 351 |   |   | 340 |   |   | 286 |   |   | 247 |   |
| Other                  interest expense and capitalized expenses related to                  indebtedness                        |   |                                             | **74**     |   |   | 84 |   |   | 95 |   |   | 475 |   |   | 303 |   |
| Total                  fixed charges                                                                                             |   |                                             | **9,952**  |   |   | 10,572 |   |   | 10,151 |   |   | 11,139 |   |   | 6,387 |   |
|                                                                                                                             |   |                                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                  from continuing operations before income taxes                                                           |   |                                             | **47,121** |   |   | 35,869 |   |   | 27,111 |   |   | 13,199 |   |   | 15,629 |   |
| Plus                  fixed charges                                                                                              |   |                                             | **9,952**  |   |   | 10,572 |   |   | 10,151 |   |   | 11,139 |   |   | 6,387 |   |
| Earnings                                                                                                                         |   | **$**                                            | **57,073** |   |   | 46,441 |   |   | 37,262 |   |   | 24,338 |   |   | 22,016 |   |
|                                                                                                                             |   |                                             |       |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                  of earnings to fixed charges (1),(2)                                                                      |   |                                             | **5.73**   |   |   | 4.39 |   |   | 3.67 |   |   | 2.18 |   |   | 3.45 |   |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| (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. |