EX-12 2 exhibit12q1_2018.htm EXHIBIT 12 Exhibit


MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
 
 
 
 
(In thousands, except ratio)
 
Three Months Ended March 31, 2018
 
 
 
 
 
Net earnings before taxes
 
$
180,025

 
 
 
 
 
Fixed Charges:
 
 
 
Interest expense
 
12,805

 
Amortization of debt expense
 
428

 
Rent expense (One-Fourth of all rentals, reasonable approximation of the interest factor)
 
145

 
Total fixed charges
 
13,378

 
 
 
 
 
Net earnings and fixed charges
 
$
193,403

 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
14.5