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accuracy, ancillary, audit, avoid, BBB, delivery, depth, directionally, disadvantaged, displaced, downgrade, Essent, evolve, factual, field, Ginnie, grow, innovation, intensify, leverage, manner, organization, outlook, piggyback, pursue, reissuance, remittance, repay, reputation, scrutiny, securitization, selling, substantive, team, traditional, unrelated, unresolved, USDA, YTD
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antidilutive, deduction, nonperforming, proportion, repurchased, strong
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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 |