MGIC Investment (MTG) Tops Q3 EPS by 8c

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Go back to MGIC Investment (MTG) Tops Q3 EPS by 8c

MGIC Investment Corporation Reports Third Quarter 2015 Results

October 15, 2015 6:45 AM EDT

MILWAUKEE, Oct. 15, 2015 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the quarter ended September 30, 2015.

Net income for the quarter ended September 30, 2015 was $822.9 million, or $1.78 per diluted share, including $698.1 million relating to the reversal of the Company's deferred tax asset valuation allowance.  Excluding the impact of the deferred tax asset valuation allowance reversal, adjusted net income for the quarter ended September 30, 2015, would have been $124.7 million, or $0.29 per diluted share, compared with net income of $72.0 million, or $0.18 per diluted share, for the same quarter a... More