MGIC Investment Corporation Reports Third Quarter 2019 Results
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MGIC Investment (MTG) Tops Q3 EPS by 6c, Revenues Beat
October 22, 2019 6:47 AM EDTMGIC Investment (NYSE: MTG) reported Q3 EPS of $0.48, $0.06 better than the analyst estimate of $0.42. Revenue for the quarter came in at $318.38 million versus the consensus estimate of $299.38 million.
Third Quarter Summary
New Insurance Written of $19.1 billion, compared to $14.5 billion in the third quarter of 2018.Insurance in force of $218.1 billion at September 30, 2019 increased by 2.0% during the quarter and 6.0% compared to September 30, 2018.Primary delinquency inventory of 29,940 loans at September 30, 2019 decreased from 32,898 loans at December 31, 2018. Our primary delinquency inventory declined 10.4% year-over-year from 33,398 loans at September 30, 2018.Insurance written in 2008 and before accounted for... More