MKM Partners Reiterates Buy on MGIC Investment (MTG) Following 1Q
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MGIC Investment Corporation Reports First Quarter 2018 Results
April 18, 2018 6:45 AM EDT
MILWAUKEE, April 18, 2018 /PRNewswire/ --Â MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2018. Net income for the quarter was $143.6 million, or $0.38 per diluted share, compared with net income of $89.8 million, or $0.24 per diluted share for the first quarter of 2017.
Adjusted net operating income for the first quarter 2018 was $144.6 million, or $0.38 per diluted share, compared with $117.1 million, or $0.31 per diluted share for the first quarter of 2017. We present the non-GAAP financial measure "Adjusted net operating income" to increase the... More
