EX-11 2 cmw3393b.htm STATEMENT RE COMPUTATION OF PER SHARE LOSS/EARNINGS

EXHIBIT 11

MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE (LOSS) EARNINGS(1)
For The Years Ended December 31, 2007, 2006 and 2005

2007
 2006
 2005
(In thousands, except per share data)
BASIC (LOSS) EARNINGS PER SHARE                
Average common shares outstanding    81,294    84,332    91,787  

Net (loss) income		   $ (1,670,018 ) $ 564,739   $ 626,873  

Basic (loss) earning per share		   $ (20.54 ) $ 6.70   $ 6.83  

DILUTED (LOSS) EARNINGS PER SHARE		  
Adjusted weighted average shares outstanding:  
Average common shares outstanding    81,294    84,332    91,787  
Common stock equivalents    --    618    656  

Adjusted weighted average diluted shares outstanding		    81,294    84,950    92,443  

Net (loss) income		   $ (1,670,018 ) $ 564,739   $ 626,873  

Diluted (loss) earnings per share		   $ (20.54 ) $ 6.65   $ 6.78  

(1) Per Statement of Financial Accounting Standards No. 128, “Earnings Per Share”. For the year ended December 31, 2007 the diluted weighted-average shares are equivalent to the basic weighted average shares due to a net loss from continuing operations.