MGIC Investment (MTG) Tops Q3 EPS by 12c, Revenues Beat

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MGIC Investment Corporation Reports Third Quarter 2018 Results

October 17, 2018 6:45 AM EDT

MILWAUKEE, Oct. 17, 2018 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the third quarter of 2018. Net income for the quarter was $181.9 million, or $0.49 per diluted share, compared with net income of $120.0 million, or $0.32 per diluted share for the third quarter of 2017.

Adjusted net operating income for the third quarter of 2018 was $180.9 million, or $0.48 per diluted share, compared with $120.7 million, or $0.32 per diluted share for the third quarter of 2017. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between periods of... More