EX-12 2 exhibit12q1_2018.htm EXHIBIT 12
MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

| (In thousands, except ratio) |  | Three Months Ended March 31, 2018
| Net earnings before taxes |  | $ | 180,025 |
| Fixed Charges: |  |
| Interest expense |  | 12,805 |
| Amortization of debt expense |  | 428 |
| Rent expense (One-Fourth of all rentals, reasonable approximation of the interest factor) |  | 145 |
| Total fixed charges |  | 13,378 |
| Net earnings and fixed charges |  | $ | 193,403 |
| Ratio of Earnings to Fixed Charges |  | 14.5 |