MGIC Investment (MTG) Tops Q4 EPS by 4c

MGIC Investment (NYSE: MTG) reported Q4 EPS of $0.19, $0.04 better than the analyst estimate of $0.15. Revenue for the quarter came in at $240.36 million versus the consensus estimate of $237.51 million.

Curt S. Culver, CEO and Chairman of the Board of Mortgage Guaranty Insurance Corporation ("MGIC") and MTG, said, "I am pleased to report that in 2014 the company continued to build on the progress we have made regarding many of the challenges we have been facing. Notably we have returned to annual profitability while maintaining a solid statutory capital position and low expense ratio. For the year, new insurance written and risk in force increased while new delinquent notices, paid claims, and the delinquent inventory decreased." Culver added, "I am encouraged by the positive trends in home prices and employment and am enthusiastic about the opportunities for growth and success for MGIC, and the mortgage insurance industry in 2015 and beyond."

For earnings history and earnings-related data on MGIC Investment (MTG) click here.

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