MGIC Investment (MTG) Tops Q2 EPS by 5c

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MGIC Investment Corporation Reports Second Quarter 2015 Results

July 16, 2015 7:01 AM EDT

MILWAUKEE, July 16, 2015 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the quarter ended June 30, 2015. 

Net income for the quarter ended June 30, 2015 was $113.7 million, compared with a net income of $45.5 million for the same quarter a year ago. Diluted net income per share was $0.28 for the quarter ending June 30, 2015, compared to diluted net income per share of $0.12 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... More