EX-11 2 c05167exv11.htm STATEMENT OF COMPUTATION OF NET INCOME exv11
 

EXHIBIT 11
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF NET INCOME PER SHARE
Three Months Ended March 31,2006 and 2005
                 
    Three Months Ended  
    March 31,  
    2006     2005  
    (In thousands of dollars)  
BASIC EARNINGS PER SHARE
                
 
                
Average common shares outstanding
     86,577       95,265  
 
            
 
                
Net income
   $ 163,453     $ 182,013  
 
            
 
                
Basic earnings per share
   $ 1.89     $ 1.91  
 
            
 
                
DILUTED EARNINGS PER SHARE
                
 
                
Adjusted weighted average shares outstanding:
                
Average common shares outstanding
     86,577       95,265  
Common stock equivalents
     650       519  
 
            
 
                
Adjusted weighted average diluted shares outstanding
     87,227       95,784  
 
            
 
                
Net income
   $ 163,453     $ 182,013  
 
            
 
                
Diluted earnings per share
   $ 1.87     $ 1.90