MGIC Investment (MTG) Tops Q2 EPS by 6c

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Go back to MGIC Investment (MTG) Tops Q2 EPS by 6c

MGIC Investment Corporation Reports Second Quarter 2017 Results

July 20, 2017 6:45 AM EDT

MILWAUKEE, July 20, 2017 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the quarter ended June 30, 2017. Net income for the quarter ended June 30, 2017 was $118.6 million, or $0.31 per diluted share. Net income for the quarter ended June 30, 2016 was $109.2 million, or $0.26 per diluted share.

Adjusted net operating income for the quarter ended June 30, 2017 was $119.3 million or $0.31 per diluted share. Adjusted net operating income for the quarter ended June 30, 2016 was $110.0 million or $0.26 per diluted share. We present the non-GAAP financial measure "Adjusted net operating income" to increase the... More