MGIC Investment (MTG) Reports In-Line Q4 EPS

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Go back to MGIC Investment (MTG) Reports In-Line Q4 EPS

MGIC Investment Corporation Reports Fourth Quarter 2015 Results

January 21, 2016 6:45 AM EST

MILWAUKEE, Jan. 21, 2016 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported net income for the quarter ended December 31, 2015 of $102.4 million, or $0.24 per diluted share, including the $11.5 million impact relating to an adjustment to the reversal of the Company's deferred tax asset valuation allowance in the third quarter of 2015.  Excluding the impact of the adjustment to the deferred tax asset valuation allowance reversal, adjusted net income for the fourth quarter of 2015, would have been $113.9 million, or $0.26 per diluted share, compared with net income of $75.1 million, or $0.19 per diluted... More