EX-11 11 c48611exv11.htm EX-11 EX-11
EXHIBIT 11
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
STATEMENT RE COMPUTATION OF PER SHARE (LOSS) EARNINGS(1)
For The Years Ended December 31, 2008, 2007 and 2006
                         
    2008     2007     2006  
    (In thousands, except per share data)  
BASIC (LOSS) EARNINGS PER SHARE
                        
Average common shares outstanding
     113,962       81,294       84,332  
 
                  
 
                        
Net (loss) income
   $ (518,914 )   $ (1,670,018 )   $ 564,739  
 
                  
 
                        
Basic (loss) earning per share
   $ (4.55 )   $ (20.54 )   $ 6.70  
 
                  
 
                        
DILUTED (LOSS) EARNINGS PER SHARE
                        
Adjusted weighted average shares outstanding:
                        
Average common shares outstanding
     113,962       81,294       84,332  
Common stock equivalents
     —       —       618  
 
                  
 
                        
Adjusted weighted average diluted shares outstanding
     113,962       81,294       84,950  
 
                  
 
                        
Net (loss) income
   $ (518,914 )   $ (1,670,018 )   $ 564,739  
 
                  
 
                        
Diluted (loss) earnings per share
   $ (4.55 )   $ (20.54 )   $ 6.65  
 
                  
 
(1)   Per Statement of Financial Accounting Standards No. 128, “Earnings Per Share”. For the years ended December 31, 2008 and 2007 the diluted weighted-average shares are equivalent to the basic weighted average shares due to a net loss from continuing operations.