EX-12 2 exhibit12q3_2017.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, 2017
 
 
 
Net earnings before taxes
 
$
539,040

 
 
 
Fixed Charges:
 
 
Interest expense
 
42,143

Amortization of debt expense
 
1,636

Rent expense (One-Fourth of all rentals, reasonable approximation of the interest factor)
 
386

Total fixed charges
 
44,165

 
 
 
Net earnings and fixed charges
 
$
583,205

 
 
 
Ratio of Earnings to Fixed Charges
 
13.2