EX-12 2 exhibit12q3.htm EXHIBIT 12 Exhibit


MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


(In thousands, except ratio)
 
Nine Months Ended September 30, 2016
 
 
 
Net earnings before taxes
 
$
352,676

 
 
 
Fixed Charges:
 
 
Interest expense
 
38,090

Amortization of debt expense
 
2,391

Rent expense (One-Fourth of all rentals, reasonable approximation of the interest factor)
 
393

Total fixed charges
 
40,874

 
 
 
Net earnings and fixed charges
 
$
393,550

 
 
 
Ratio of Earnings to Fixed Charges
 
9.6