EX-12 2 exhibit12q2_2017.htm EXHIBIT 12
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands, except ratio) |  | Six Months Ended June 30, 2017
Net earnings before taxes |  | $ | 354,573 |
Fixed Charges: |  |
Interest expense |  | 29,307 |
Amortization of debt expense |  | 1,199 |
Rent expense (One-Fourth of all rentals, reasonable approximation of the interest factor) |  | 263 |
Total fixed charges |  | 30,769 |
Net earnings and fixed charges |  | $ | 385,342 |
Ratio of Earnings to Fixed Charges |  | 12.5 |