MGIC Investment (MTG) Tops Q1 EPS by 3c, Revenues Beat

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MGIC Investment Corporation Reports First Quarter 2019 Results

April 23, 2019 6:45 AM EDT

MILWAUKEE, April 23, 2019 /PRNewswire/ -- MGIC Investment Corporation (NYSE: MTG) today reported operating and financial results for the first quarter of 2019. Net income for the quarter was $151.9 million, or $0.42 per diluted share, compared with net income of $143.6 million, or $0.38 per diluted share for the first quarter of 2018.

Adjusted net operating income for the first quarter of 2019 was $152.4 million, or $0.42 per diluted share, compared with $144.6 million, or $0.38 per diluted share for the first quarter of 2018. We present the non-GAAP financial measure "Adjusted net operating income" to increase the comparability between periods of... More