MGIC Investment (MTG) Tops Q4 EPS by 6c

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Go back to MGIC Investment (MTG) Tops Q4 EPS by 6c

MGIC Investment Corporation Reports Fourth Quarter 2016 Results

January 19, 2017 6:45 AM EST

MILWAUKEE, Jan. 19, 2017 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the quarter ended December 31, 2016. Net income for the quarter ended December 31, 2016 was $107.5 million, or $0.28 per diluted share. Net income for the quarter ended December 31, 2015 was $102.4 million, or $0.24 per diluted share.  Net income for the full year of 2016 was $342.5 million or $0.86 per diluted share.  Net income for the full year 2015 was $1,172.0 million, or $2.60 per diluted share. Net income for the full year of 2015 included $847.8 million associated with the change in the Company's deferred tax asset valuation... More