MGIC Investment (MTG) Tops Q1 EPS by 11c

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Go back to MGIC Investment (MTG) Tops Q1 EPS by 11c

MGIC Investment Corporation Reports First Quarter 2015 Results

April 21, 2015 7:00 AM EDT

MILWAUKEE, April 21, 2015 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported net income for the quarter ended March 31, 2015 of $133.1 million, compared with a net income of $60.0 million for the same quarter a year ago. Diluted net income per share was $0.32 for the quarter ending March 31, 2015, compared to diluted net income per share of $0.15 for the same quarter a year ago.

Patrick Sinks, CEO of MTG and Mortgage Guaranty Insurance Corporation ("MGIC"), said, "I am pleased to report that in the first quarter of 2015 the company continued to generate high... More