EX-12 2 exhibit12q3.htm EXHIBIT 12
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands, except ratio) |  | Nine Months Ended September 30, 2016
Net earnings before taxes |  | $ | 352,676 |
Fixed Charges: |  |
Interest expense |  | 38,090 |
Amortization of debt expense |  | 2,391 |
Rent expense (One-Fourth of all rentals, reasonable approximation of the interest factor) |  | 393 |
Total fixed charges |  | 40,874 |
Net earnings and fixed charges |  | $ | 393,550 |
Ratio of Earnings to Fixed Charges |  | 9.6 |