EX-11 4 c56597exv11.htm EX-11 exv11
EXHIBIT 11
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE (LOSS) EARNINGS
(1)
For The Years Ended December 31, 2009, 2008 and 2007
                         
    2009     2008     2007  
    (In thousands, except per share data)  
BASIC (LOSS) EARNINGS PER SHARE
                       
Average common shares outstanding
    124,209       113,962       81,294  
 
                 
 
                       
Net loss
  $ (1,322,277 )   $ (525,355 )   $ (1,670,018 )
 
                 
 
                       
Basic loss per share
  $ (10.65 )   $ (4.61 )   $ (20.54 )
 
                 
 
                       
DILUTED LOSS PER SHARE
                       
Adjusted weighted average shares outstanding:
                       
Average common shares outstanding
    124,209       113,962       81,294  
Common stock equivalents
                 
 
                 
 
                       
Adjusted weighted average diluted shares outstanding
    124,209       113,962       81,294  
 
                 
 
                       
Net loss
  $ (1,322,277 )   $ (525,355 )   $ (1,670,018 )
 
                 
 
                       
Diluted loss per share
  $ (10.65 )   $ (4.61 )   $ (20.54 )
 
                 
 
(1)   The diluted weighted-average shares are equivalent to the basic weighted average shares due to a net loss from continuing operations.