MGIC Investment (MTG) Tops Q4 EPS by 15c

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Go back to MGIC Investment (MTG) Tops Q4 EPS by 15c

MGIC Investment Corporation Reports Fourth Quarter 2017 Results

January 18, 2018 6:45 AM EST

MILWAUKEE, Jan. 18, 2018 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the fourth quarter ended December 31, 2017. Net income for the quarter was $27.3 million, or $0.07 per diluted share, compared with net income of $107.5 million, or $0.28 per diluted share for the fourth quarter of 2016. Net income for the full year 2017 was $355.8 million or $0.95 per diluted share compared with net income of $342.5 million or $0.86 per diluted share for the full year 2016.

The tax reform enacted in the fourth quarter of 2017 resulted in a reduction of approximately... More