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**Exhibit      12**

**FPIC      Insurance Group, Inc. **

|                                                                                                                                 |   | For                    the Year Ended December 31, |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------|--------|
|                                                                                                                                 |   | 2005                                               |   | 2004 |   | 2003 |   | 2002 |   | 2001 |   |
|                                                                                                                                 |   |                                               |   |   |   |   |   |   |   |   |   |
| Interest                    expense on long-term debt                                                                                |   | $                                                  | 3,495  |   |   | 2,564 |   |   | 5,886 |   |   | 4,762 |   |   | 4,491 |   |
| Finance                    charges incurred in the form of interest on funds withheld under                    reinsurance agreement |   | $                                                  | 6,642  |   |   | 7,152 |   |   | 4,492 |   |   | 1,075 |   |   | — |   |
| Estimated                    interest within rental expense related to operating leases                                              |   | $                                                  | 756    |   |   | 752 |   |   | 879 |   |   | 860 |   |   | 803 |   |
| Other                    interest expense and capitalized expenses related to                    indebtedness                        |   | $                                                  | 196    |   |   | 307 |   |   | 688 |   |   | 516 |   |   | 284 |   |
| Total                    fixed charges                                                                                               |   | $                                                  | 11,089 |   |   | 10,775 |   |   | 11,945 |   |   | 7,213 |   |   | 5,578 |   |
|                                                                                                                                 |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income                    from continuing operations before income taxes                                                             |   | $                                                  | 48,757 |   |   | 43,074 |   |   | 23,939 |   |   | 22,988 |   |   | 2,547 |   |
| Plus                    fixed charges                                                                                                |   | $                                                  | 11,089 |   |   | 10,775 |   |   | 11,945 |   |   | 7,213 |   |   | 5,578 |   |
| Earnings                                                                                                                             |   | $                                                  | 59,846 |   |   | 53,849 |   |   | 35,884 |   |   | 30,201 |   |   | 8,125 |   |
|                                                                                                                                 |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Ratio                    of earnings to fixed charges (1),                    (2)                                                    |   |                                               | 5.40   |   |   | 5.00 |   |   | 3.00 |   |   | 4.19 |   |   | 1.46 |   |
|                                                                                                                                 |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

| (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. |
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| (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. |
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