Attached files

file filename
10-K - 10-K - MGIC INVESTMENT CORPmtg-123116x10k.htm
EX-32 - EXHIBIT 32 - MGIC INVESTMENT CORPmtg-123116xex32.htm
EX-31.2 - EXHIBIT 31.2 - MGIC INVESTMENT CORPmtg-123116xex312.htm
EX-31.1 - EXHIBIT 31.1 - MGIC INVESTMENT CORPmtg-123116xex311.htm
EX-23 - EXHIBIT 23 - MGIC INVESTMENT CORPmtg-123116xex23.htm
EX-21 - EXHIBIT 21 - MGIC INVESTMENT CORPmtg-123116xex21.htm
EX-10.6 - EXHIBIT 10.6 - MGIC INVESTMENT CORPmtg-123116xex106.htm
EX-10.2.17 - EXHIBIT 10.2.17 - MGIC INVESTMENT CORPmtg-123116xex10217.htm
EX-10.2.16 - EXHIBIT 10.2.16 - MGIC INVESTMENT CORPmtg-123116xex10216.htm

Exhibit 12


MGIC INVESTMENT CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands, except ratio)
 
Year Ended December 31, 2016
 
 
 
Net earnings before taxes
 
$
514,714

 
 
 
Fixed Charges:
 
 
Interest expense
 
53,585

Amortization of debt expense
 
3,087

Rent expense (One-Fourth of all rentals, reasonable approximation of the interest factor)
 
532

Total fixed charges
 
57,204

 
 
 
Net earnings and fixed charges
 
$
571,918

 
 
 
Ratio of Earnings to Fixed Charges
 
10.0